WGU C483 Pre Assessment Exam Questions With Answers | Latest 2023/2024 (GRADED)
Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? Competitive environment Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is an example of _____. diversification The planning level with the shortest time horizon is known as _____ planning. operational Which of the following is one among the six components of the strategic management process? SWOT analysis The most effective _____ statements inspire organization members, offering a worthwhile target for the entire organization to work together to achieve. vision A vertical integration strategy is a strategy: that involves expanding the domain of the organization into supply channels or to distributors. When an enterprising individual pursues a lucrative opportunity, it is known as: entrepreneurship Which of the following is a key difference between an entrepreneur and an intrapreneur? An entrepreneur receives no corporate support, whereas an intrapreneur has the benefit of corporate support. Which of the following is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it? A business plan Which of the following refers to project teams designated to produce a new product? Skunkworks One of the major tasks performed by the board of directors in a corporation is: selecting and recruiting the CEO. Karla recently accepted a job with a software developer. She is surprised that her boss frequently refers to her judgment to resolve problems, despite the fact that she has not worked there long. Based on Karla's experience, it can be concluded that the firm has: decentralized authority. Research, legal, accounting, and human resources departments are examples of: staff departments. Organizations have several ways to subdivide their structures. The three basic approaches to departmentalization are functional, divisional, and _____. matrix
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