WPC 470 FINAL EXAM 2024 EXAM /ACTUAL EXAM
WITH COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS /ALREADY GRADED A+/BRAND
NEW 2024-2025
Wallingford Company is trying to determine optimal ways to collect and distribute
knowledge throughout the firm. This is an activity for which support function in
the value chain?
a. Human
resources
b.Finance
c. Management information systems
d. Distribution - SOLUTION:->>>>Management Information Systems
Vendors across the country offer sunglasses that look virtually identical to those
made by Chanel, Prada, Gucci, and other luxury brands—including the trademark
logos—but cost far less. These products are the result of:
a.competition.
b.imitation.
c.counterfeiting.
d.evolving consumer preferences. - SOLUTION:->>>>counterfeiting
JoAnn Tucker recently took over as Chief Executive Officer (CEO) of Burger-
,Rama, Inc. Burger-Rama has seen declining profits over the past five years and
has struggled to remain competitive in the fast-food industry. In order to achieve
strategic competitiveness, JoAnn must:
a. .conduct training programs and hire educated and experienced employees.
b. invest in sophisticated technology in relevant knowledge
areas. c.fire the current board of directors and start afresh.
d.shift the company's focus to marketing and develop an extensive advertising
campaign. - SOLUTION:->>>>conduct training programs and hire educated and
experienced employees
Firms failing to perform the value-chain activities and support functions in an
optimum manner when implementing the strategy become "stuck in the
middle."
a.cost
leadership
b.focus
c.differentiation
d.integrated cost leadership/differentiation - SOLUTION:->>>>integrated cost
leadership/differentiation
The chief executive officer (CEO) and other top-level managers often involve
other people to develop the mission statement because:
,a.the mission deals more directly with product markets and
customers. b.it is viewed as a task that can easily be delegated.
c.the mission deals more directly with capital markets and shareholders.
d.forming the mission is typically not the final responsibility of the CEO or other
top-level managers. - SOLUTION:->>>>The mission deals more directly with
product markets and customers
A firm should outsource only activities where it:
a.has the probability of developing core competencies.
b.has developed the ability to innovate.
c.cannot match up a value chain activity with a support function.
d.cannot create value or where it is at a substantial disadvantage compared to
competitors. - SOLUTION:->>>>cannot create value or where it is at a
substantial disadvantage compared to competitiors
Which of the following strategies helps a firm concentrate on understanding its
customers and their needs with greater clarity as a foundation for innovation?
a. Market segmentation strategy
b. Business model strategy
c. Digital strategy
d. Cost leadership strategy - SOLUTION:->>>>Digital strategy
When a firm earns below-average returns, it:
, a. is able to maximize the interests of all stakeholders.
b.should reward those stakeholders who have the least
power.
c.should try to minimize the amount of support lost from stakeholders.
d.should treat all stakeholders the same. - SOLUTION:->>>>should minimize
the amount of support lost from stakeholders
Which of the following statements about a flexible manufacturing system (FMS) is
NOT true?
a. .Used properly, an FMS allows the firm to increase its effectiveness in
responding to changes in its customers' needs, while retaining low-cost
advantages and consistent product quality.
b. An FMS is a computer-controlled process that allows firms to produce a
variety of products in moderate, flexible quantities with a minimum of manual
intervention.
c. The goal of an FMS is to eliminate the "low cost versus product variety" trade-
off that is inherent in traditional manufacturing technologies.
d. An FMS allows a manufacturer to connect with its suppliers, distributors, and
customers, which enables it to satisfy customer expectations in terms of product
quality and delivery speed. - SOLUTION:->>>>An FMS allows a manufacturer
to connect with its suppliers, distributors, and customers, which enables it to
satisfy customer expectations in terms of product quality and delivery speed.
WITH COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS /ALREADY GRADED A+/BRAND
NEW 2024-2025
Wallingford Company is trying to determine optimal ways to collect and distribute
knowledge throughout the firm. This is an activity for which support function in
the value chain?
a. Human
resources
b.Finance
c. Management information systems
d. Distribution - SOLUTION:->>>>Management Information Systems
Vendors across the country offer sunglasses that look virtually identical to those
made by Chanel, Prada, Gucci, and other luxury brands—including the trademark
logos—but cost far less. These products are the result of:
a.competition.
b.imitation.
c.counterfeiting.
d.evolving consumer preferences. - SOLUTION:->>>>counterfeiting
JoAnn Tucker recently took over as Chief Executive Officer (CEO) of Burger-
,Rama, Inc. Burger-Rama has seen declining profits over the past five years and
has struggled to remain competitive in the fast-food industry. In order to achieve
strategic competitiveness, JoAnn must:
a. .conduct training programs and hire educated and experienced employees.
b. invest in sophisticated technology in relevant knowledge
areas. c.fire the current board of directors and start afresh.
d.shift the company's focus to marketing and develop an extensive advertising
campaign. - SOLUTION:->>>>conduct training programs and hire educated and
experienced employees
Firms failing to perform the value-chain activities and support functions in an
optimum manner when implementing the strategy become "stuck in the
middle."
a.cost
leadership
b.focus
c.differentiation
d.integrated cost leadership/differentiation - SOLUTION:->>>>integrated cost
leadership/differentiation
The chief executive officer (CEO) and other top-level managers often involve
other people to develop the mission statement because:
,a.the mission deals more directly with product markets and
customers. b.it is viewed as a task that can easily be delegated.
c.the mission deals more directly with capital markets and shareholders.
d.forming the mission is typically not the final responsibility of the CEO or other
top-level managers. - SOLUTION:->>>>The mission deals more directly with
product markets and customers
A firm should outsource only activities where it:
a.has the probability of developing core competencies.
b.has developed the ability to innovate.
c.cannot match up a value chain activity with a support function.
d.cannot create value or where it is at a substantial disadvantage compared to
competitors. - SOLUTION:->>>>cannot create value or where it is at a
substantial disadvantage compared to competitiors
Which of the following strategies helps a firm concentrate on understanding its
customers and their needs with greater clarity as a foundation for innovation?
a. Market segmentation strategy
b. Business model strategy
c. Digital strategy
d. Cost leadership strategy - SOLUTION:->>>>Digital strategy
When a firm earns below-average returns, it:
, a. is able to maximize the interests of all stakeholders.
b.should reward those stakeholders who have the least
power.
c.should try to minimize the amount of support lost from stakeholders.
d.should treat all stakeholders the same. - SOLUTION:->>>>should minimize
the amount of support lost from stakeholders
Which of the following statements about a flexible manufacturing system (FMS) is
NOT true?
a. .Used properly, an FMS allows the firm to increase its effectiveness in
responding to changes in its customers' needs, while retaining low-cost
advantages and consistent product quality.
b. An FMS is a computer-controlled process that allows firms to produce a
variety of products in moderate, flexible quantities with a minimum of manual
intervention.
c. The goal of an FMS is to eliminate the "low cost versus product variety" trade-
off that is inherent in traditional manufacturing technologies.
d. An FMS allows a manufacturer to connect with its suppliers, distributors, and
customers, which enables it to satisfy customer expectations in terms of product
quality and delivery speed. - SOLUTION:->>>>An FMS allows a manufacturer
to connect with its suppliers, distributors, and customers, which enables it to
satisfy customer expectations in terms of product quality and delivery speed.
