PrinciPles of ManageMent - c483 WgU (Pre-assessMent)
QUestions and correct ansWers (Verified) | latest
UPdate 2026/2027 | graded a+ | Brand neW | 100%
gUaranteed Pass
Industry and market analysis, competitor analysis, and social analysis are examples of
which step in the strategic planning process? - ANSWER-Analysis of external
opportunities and threats
Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis? - ANSWER-Strengths
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization? - ANSWER-Core competencies
According to Michael Porter's competitive environment model, how can suppliers
influence strategic planning? - ANSWER-Suppliers can reduce manufacturing time and
increase product quality.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using? - ANSWER-Differentiation
Happy Inc. is a leading provider of family entertainment and BCD is a broadcasting
company with news, cable, and entertainment networks. Happy Inc. recently acquired
BCD in hopes of boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s purchase of their
distribution network? - ANSWER-Vertical integration
,A company is trying to systematically improve processes by eliminating nonconformity
of their products to product specifications. The company believes their continuous
effort to reduce variation in their process outputs is key to their business success.
Which quality process is the company utilizing? - ANSWER-Six Sigma
Which concept entails all aspects of interaction a company has with its customers in
both sales and service-related environments? - ANSWER-Customer relationship
management
Dr. Ohmae indicates that customer, corporation, and competitors should be integrated
in a strategic triangle.
What does Dr. Ohmae indicate that an organization can obtain by doing this? -
ANSWER-Sustained competitive advantage
What designates those who take hands-on responsibility for creating innovation such as
new ideas, products, or methods within an organization? - ANSWER-Intrapreneur
Why is innovation an important element of entrepreneurship? - ANSWER-Creates
unique and different products or services
Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are
open-minded, able to learn quickly, and skilled at conceptualizing.
Which entrepreneurial personality trait is this? - ANSWER-Creativity, self-reliance, and
ability to adapt
Which personality characteristics are believed to contribute to an entrepreneur's
success? - ANSWER-Determination
Why would an entrepreneurial business choose to use its own resources versus
seeking outside resources in financing a business venture? - ANSWER-To Maintain
ControlA local business has provided services to its customers for 40 years. The
business's mission is "To give our customers the best service in town." The owner of
, the business has had a long-standing dream to franchise the business and become the
best provider of its service in the United States.
What describes the owner's dream? - ANSWER-Strategic vision
What is the first step of organizational strategic planning? - ANSWER-Developing a
strategic mission
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with? - ANSWER-Delivery of products or services
What happens when an effective value chain is created? - ANSWER-Profit margins are
increased.
The introduction of statistical tools to analyze the causes of product defects is
associated with which quality improvement approach? - ANSWER-Six Sigma
What is the principal idea of reengineering? - ANSWER-To revolutionize key
organizational systems and processes
How many defects per million are there at Six Sigma, assuming a product or process is
defect-free 99.99966% of the time? - ANSWER-Less than 3.4
What is the last step to Deming's 14 points of quality management? - ANSWER-To take
action to accomplish the transformation
Process checklists and project audits are components of which management process?
- ANSWER-Quality Assurance
What is the main objective of an internal quality audit? - ANSWER-To measure
effectiveness of an organization's quality management system
QUestions and correct ansWers (Verified) | latest
UPdate 2026/2027 | graded a+ | Brand neW | 100%
gUaranteed Pass
Industry and market analysis, competitor analysis, and social analysis are examples of
which step in the strategic planning process? - ANSWER-Analysis of external
opportunities and threats
Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis? - ANSWER-Strengths
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization? - ANSWER-Core competencies
According to Michael Porter's competitive environment model, how can suppliers
influence strategic planning? - ANSWER-Suppliers can reduce manufacturing time and
increase product quality.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using? - ANSWER-Differentiation
Happy Inc. is a leading provider of family entertainment and BCD is a broadcasting
company with news, cable, and entertainment networks. Happy Inc. recently acquired
BCD in hopes of boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s purchase of their
distribution network? - ANSWER-Vertical integration
,A company is trying to systematically improve processes by eliminating nonconformity
of their products to product specifications. The company believes their continuous
effort to reduce variation in their process outputs is key to their business success.
Which quality process is the company utilizing? - ANSWER-Six Sigma
Which concept entails all aspects of interaction a company has with its customers in
both sales and service-related environments? - ANSWER-Customer relationship
management
Dr. Ohmae indicates that customer, corporation, and competitors should be integrated
in a strategic triangle.
What does Dr. Ohmae indicate that an organization can obtain by doing this? -
ANSWER-Sustained competitive advantage
What designates those who take hands-on responsibility for creating innovation such as
new ideas, products, or methods within an organization? - ANSWER-Intrapreneur
Why is innovation an important element of entrepreneurship? - ANSWER-Creates
unique and different products or services
Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are
open-minded, able to learn quickly, and skilled at conceptualizing.
Which entrepreneurial personality trait is this? - ANSWER-Creativity, self-reliance, and
ability to adapt
Which personality characteristics are believed to contribute to an entrepreneur's
success? - ANSWER-Determination
Why would an entrepreneurial business choose to use its own resources versus
seeking outside resources in financing a business venture? - ANSWER-To Maintain
ControlA local business has provided services to its customers for 40 years. The
business's mission is "To give our customers the best service in town." The owner of
, the business has had a long-standing dream to franchise the business and become the
best provider of its service in the United States.
What describes the owner's dream? - ANSWER-Strategic vision
What is the first step of organizational strategic planning? - ANSWER-Developing a
strategic mission
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with? - ANSWER-Delivery of products or services
What happens when an effective value chain is created? - ANSWER-Profit margins are
increased.
The introduction of statistical tools to analyze the causes of product defects is
associated with which quality improvement approach? - ANSWER-Six Sigma
What is the principal idea of reengineering? - ANSWER-To revolutionize key
organizational systems and processes
How many defects per million are there at Six Sigma, assuming a product or process is
defect-free 99.99966% of the time? - ANSWER-Less than 3.4
What is the last step to Deming's 14 points of quality management? - ANSWER-To take
action to accomplish the transformation
Process checklists and project audits are components of which management process?
- ANSWER-Quality Assurance
What is the main objective of an internal quality audit? - ANSWER-To measure
effectiveness of an organization's quality management system
