MBA 540 2-1 Quiz Answered Fall 2024/25.

MBA 540 2-1 Quiz Question 1 1.5/ 1.5 points Which of the following can best be defined as the ability of an organization to generate higher profits compared to its rivals? Select one. Client advantage o Competitive advantage Employer advantage Unique value w Hide question 1 feedback When a company or organization can consistently generate higher profits compared to others, it is considered to have a competitive advantage because it possesses something that is giving it an advantage over the competition. Question 2 1.5/ 1.5 points Which of the following statements best describes the term internal analysis? Select one. It examines the emotions of a firm's employees in order to identify their weaknesses. It examines the efficiency of employees with the help of standardized tests and group discussions. It studies the infrastructure of a company to gauge the number of employees it can recruit. e It examines a company’s resources and capabilities to determine a firm's ability to deliver unique value. w Hide question 2 feedback A company’s resources and capabilities are part of the internal environment and determine their ability to deliver unique value. These qualities are examined during an internal analysis.MBA 540 2-1 Quiz Question 3 1.5/ 1.5 points The point at which half of the numbers are larger and half are smaller is the definition of which measure of central tendency? Select one. Mean Mode Variance o Median w Hide question 3 feedback The median is the point at which half of the numbers are larger and half are smaller. If there is no midpoint, the median is the point between the numbers on either side of the middle. Question 4 1.5/ 1.5 points Sorting the data from smallest to largest is a useful first step that makes calculating which measure(s) of central tendency easier? Select one. Median Mean e Both Median and Mode Mode w Hide question 4 feedback Sorting the data makes finding both the median and the mode easier. The median is the point where half the numbers are higher and half are lower, so sorting is a required first step. If the data set is small enough, sorting prior to calculating the mode is not required, but it does make finding it significantly easier, and is thaoarafara - vieanfild flecd ctnnmMBA 540 2-1 Quiz Question 5 1.5/ 1.5 point: Organizational behavior is an interdisciplinary body of knowledge with strong ties to psychology, sociology and anthropology. e True False w Hide question 5 feedback Organizational behavior is the study of human behavior in organizations, focusing on individuals, teams, interpersonal processes, and organizational structures. It is an interdisciplinary body of knowledge with strong ties to the behavioral sciences—psychology, sociology, and anthropology—as well as to social sciences such as economics and political science Question 6 1.5/ 1.5 point: The goal of a strategic business plan is which of the following? Select one. Create a monopolistic market o Create competitive advantage Improve employee morale Drive competitors out of business w Hide question 6 feedback A strategic business plan is focused on achieving competitive advantage for the organization. A high-level, strategic approach is required to achieve this goal.MBA 540 2-1 Quiz Question 9 1.5/ 1.5 points When calculating the mean, the Greek letter u (mu) represents what? Variance Sample mean e Population mean Number of measurements w Hide question 9 feedback u (mu)is the symbol representing the mean of the entire population. Question 10 1.5/ 1.5 points Using graphical data representation provides a great opportunity to visualize data so that it conveys a particular point of view. ® True False w Hide question 10 feedback Using visual representation through graphical data allows you to make data appear to support one particular point of view without changing the data.