IWU Nieman management exam 2 Questions With Complete
Solutions
_______________ are methods that lead to superior
performance Correct Answers best practices
_______________ is a technique that makes use of external
comparisons to evaluate current performance. Correct Answers
benchmarking
_______________ is the strategy of working with rivals on
projects of mutual benefit. Correct Answers Co-opetition
_______________ occurs as people exercise self-discipline in
fulfilling job expectations. Correct Answers internal control
A _______________ graphically displays the scheduling of
tasks required to complete a project. Correct Answers Gantt
chart
A _______________ seeks the lowest costs of operations within
a special market segment. Correct Answers focused cost
leadership strategy
A plan that commits resources to projects or activities is called a
_______________. Correct Answers budget
A special strength of an organization that gives it a competitive
advantage can be called a(n) _______________. Correct
Answers core competency
, A standing plan that communicates broad guidelines for
employees to use when taking decisions and actions is called a
_______________. Correct Answers policy
A strategy for expanding an organization's business is called a
_______________ strategy. Correct Answers Growth Strategy
A strategy that guides activities within a specific area of
operations is called a(n) _______________ strategy. Correct
Answers functional
A strategy that sets the long-term direction for an organization
as a whole is called a _______________. Correct Answers
corporate strategy
A strategy with the objective of correcting performance
difficulties in a business through radical changes to current
operations is called a _______________ strategy. Correct
Answers retrenchment
A(n) _______________ clarifies the purpose of an organization
and expresses what it hopes to be in the future. Correct Answers
vision
A(n) _______________ emphasizes formal authority, rules,
order, fairness, and efficiency. Correct Answers bureaucratic
organization
A(n) _______________ graphically describes the arrangement
of work positions within an organization. Correct Answers
organizational chart
Solutions
_______________ are methods that lead to superior
performance Correct Answers best practices
_______________ is a technique that makes use of external
comparisons to evaluate current performance. Correct Answers
benchmarking
_______________ is the strategy of working with rivals on
projects of mutual benefit. Correct Answers Co-opetition
_______________ occurs as people exercise self-discipline in
fulfilling job expectations. Correct Answers internal control
A _______________ graphically displays the scheduling of
tasks required to complete a project. Correct Answers Gantt
chart
A _______________ seeks the lowest costs of operations within
a special market segment. Correct Answers focused cost
leadership strategy
A plan that commits resources to projects or activities is called a
_______________. Correct Answers budget
A special strength of an organization that gives it a competitive
advantage can be called a(n) _______________. Correct
Answers core competency
, A standing plan that communicates broad guidelines for
employees to use when taking decisions and actions is called a
_______________. Correct Answers policy
A strategy for expanding an organization's business is called a
_______________ strategy. Correct Answers Growth Strategy
A strategy that guides activities within a specific area of
operations is called a(n) _______________ strategy. Correct
Answers functional
A strategy that sets the long-term direction for an organization
as a whole is called a _______________. Correct Answers
corporate strategy
A strategy with the objective of correcting performance
difficulties in a business through radical changes to current
operations is called a _______________ strategy. Correct
Answers retrenchment
A(n) _______________ clarifies the purpose of an organization
and expresses what it hopes to be in the future. Correct Answers
vision
A(n) _______________ emphasizes formal authority, rules,
order, fairness, and efficiency. Correct Answers bureaucratic
organization
A(n) _______________ graphically describes the arrangement
of work positions within an organization. Correct Answers
organizational chart
