WGU C483 Principles of Management | Pre-Assessment Questions & Answers
Industry and market analysis, competitor analysis, and Analysis of external opportunities and threats
social analysis are examples of which step in the strategic
planning process?
Skilled management, positive cash flow, and well-known Strengths
brands are examples of which component of the SWOT
analysis?
What denotes skills or expertise in an activity that Core competencies
constitutes the roots of competitiveness in an
organization?
According to Michael Porter's competitive environment Suppliers can reduce manufacturing time and increase product quality.
model, how can suppliers influence strategic planning?
A company offers unique products in its industry to create Differentiation
a competitive advantage.
Which type of strategy is the company using?
Happy Inc. is a leading provider of family entertainment Vertical integration
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?
A local business has provided services to its customers for Strategic vision
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?
What is the first step of organizational strategic planning? Developing a strategic mission
A value chain is the sequence of activities that begins with Delivery of products or services
raw materials.
What result does a value chain end with?
What happens when an effective value chain is created? Profit margins are increased.
The introduction of statistical tools to analyze the causes of Six Sigma
product defects is associated with which quality
improvement approach?
What is the principal idea of reengineering? To revolutionize key organizational systems and processes
How many defects per million are there at Six Sigma, Less than 3.4
assuming a product or process is defect-free 99.99966%
of the time?
Grade A+ | Updated
, WGU C483 Principles of Management | Pre-Assessment Questions & Answers
What is the last step to Deming's 14 points of quality To take action to accomplish the transformation
management?
Process checklists and project audits are components of Quality Assurance
which management process?
What is the main objective of an internal quality audit? To measure effectiveness of an organization's quality management system
A company is trying to systematically improve processes Six Sigma
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?
Which concept entails all aspects of interaction a company Customer relationship management
has with its customers in both sales and service-related
environments?
Dr. Ohmae indicates that customer, corporation, and Sustained competitive advantage
competitors should be integrated in a strategic triangle.
What does Dr. Ohmae indicate that an organization can
obtain by doing this?
What designates those who take hands-on responsibility Intrapreneur
for creating innovation such as new ideas, products, or
methods within an organization?
Why is innovation an important element of Creates unique and different products or services
entrepreneurship?
Most successful entrepreneurs exhibit certain Creativity, self-reliance, and ability to adapt
characteristics. Some entrepreneurs are open-minded,
able to learn quickly, and skilled at conceptualizing.
Which entrepreneurial personality trait is this?
Which personality characteristics are believed to contribute Determination
to an entrepreneur's success?
Why would an entrepreneurial business choose to use its To Maintain Control
own resources versus seeking outside resources in
financing a business venture?
Which activity should management use to encourage Encourage employees to work on informal job assignments
intrapreneurship within an organization?
What can managers do to encourage useful conflict during Provide a devils advocate
a meeting to lessen inhibition about disagreeing and make
the conflict less personal?
Grade A+ | Updated
Industry and market analysis, competitor analysis, and Analysis of external opportunities and threats
social analysis are examples of which step in the strategic
planning process?
Skilled management, positive cash flow, and well-known Strengths
brands are examples of which component of the SWOT
analysis?
What denotes skills or expertise in an activity that Core competencies
constitutes the roots of competitiveness in an
organization?
According to Michael Porter's competitive environment Suppliers can reduce manufacturing time and increase product quality.
model, how can suppliers influence strategic planning?
A company offers unique products in its industry to create Differentiation
a competitive advantage.
Which type of strategy is the company using?
Happy Inc. is a leading provider of family entertainment Vertical integration
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?
A local business has provided services to its customers for Strategic vision
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?
What is the first step of organizational strategic planning? Developing a strategic mission
A value chain is the sequence of activities that begins with Delivery of products or services
raw materials.
What result does a value chain end with?
What happens when an effective value chain is created? Profit margins are increased.
The introduction of statistical tools to analyze the causes of Six Sigma
product defects is associated with which quality
improvement approach?
What is the principal idea of reengineering? To revolutionize key organizational systems and processes
How many defects per million are there at Six Sigma, Less than 3.4
assuming a product or process is defect-free 99.99966%
of the time?
Grade A+ | Updated
, WGU C483 Principles of Management | Pre-Assessment Questions & Answers
What is the last step to Deming's 14 points of quality To take action to accomplish the transformation
management?
Process checklists and project audits are components of Quality Assurance
which management process?
What is the main objective of an internal quality audit? To measure effectiveness of an organization's quality management system
A company is trying to systematically improve processes Six Sigma
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?
Which concept entails all aspects of interaction a company Customer relationship management
has with its customers in both sales and service-related
environments?
Dr. Ohmae indicates that customer, corporation, and Sustained competitive advantage
competitors should be integrated in a strategic triangle.
What does Dr. Ohmae indicate that an organization can
obtain by doing this?
What designates those who take hands-on responsibility Intrapreneur
for creating innovation such as new ideas, products, or
methods within an organization?
Why is innovation an important element of Creates unique and different products or services
entrepreneurship?
Most successful entrepreneurs exhibit certain Creativity, self-reliance, and ability to adapt
characteristics. Some entrepreneurs are open-minded,
able to learn quickly, and skilled at conceptualizing.
Which entrepreneurial personality trait is this?
Which personality characteristics are believed to contribute Determination
to an entrepreneur's success?
Why would an entrepreneurial business choose to use its To Maintain Control
own resources versus seeking outside resources in
financing a business venture?
Which activity should management use to encourage Encourage employees to work on informal job assignments
intrapreneurship within an organization?
What can managers do to encourage useful conflict during Provide a devils advocate
a meeting to lessen inhibition about disagreeing and make
the conflict less personal?
Grade A+ | Updated
