WGU C846 Chap 2 questions well answered rated A+ 2023/2024

WGU C846 Chap 2Cost - correct answer The amount of money spent on a specific activity or resource Organization - correct answer A person or group with its internal functions, and own set of responsibilities, authorities, and relationships necessary to achieve its objectives. Outcome - correct answer A result as perceived by a stakeholder - that is enabled by one or more outputs Output - correct answer A tangible or intangible deliverable of an activity Risk - correct answer A possible event that could cause harm or loss, or make the achievement of objectives more difficult. Service - correct answer A means of enabling value co-creation by facilitating outcomes desirable to customers - without their having to manage cost and risk Service Consumer - correct answer A generic role and organization takes on whenever it receives services Service management - correct answer A set of specialized organizational capabilities for providing value to customers in the form of services Service offering - correct answer A formal description of one or more services designed to address the needs of its target consumer, and include goods, access to resources, and service actions Sponsor - correct answer The person authorizing the budget for the consumed service. Utility - correct answer A functionality offered by a product or service to meet a particular need. Value - correct answer The perceived benefits, usefulness, and importance of something Warranty - correct answer The assurance that a product or service meets agreed-upon requirements Products - correct answer are configurations of an organization's resources that are created and supplied by the organization to offer value to the organization's consumers.