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Principles of Management - C483 WGU
(Pre-Assessment) Exam Questions and
Answers 100% Solved
Industry and market analysis, competitor analysis, and social analysis are
examples of which step in the strategic planning process? - ✔✔Analysis of
external opportunities and threats
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis? - ✔✔Strengths
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization? - ✔✔Core competencies
According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning? - ✔✔Suppliers can reduce
manufacturing time and increase product quality.
A company offers unique products in its industry to create a competitive
advantage.
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Which type of strategy is the company using? - ✔✔Differentiation
Happy Inc. is a leading provider of family entertainment 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? - ✔✔Vertical integration
A local business has provided services to its customers for 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? - ✔✔Strategic vision
What is the first step of organizational strategic planning? - ✔✔Developing
a strategic mission
A value chain is the sequence of activities that begins with raw materials.
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
What result does a value chain end with? - ✔✔Delivery of products or
services
What happens when an effective value chain is created? - ✔✔Profit
margins are increased.
The introduction of statistical tools to analyze the causes of product defects
is associated with which quality improvement approach? - ✔✔Six Sigma
What is the principal idea of reengineering? - ✔✔To revolutionize key
organizational systems and processes
How many defects per million are there at Six Sigma, assuming a product
or process is defect-free 99.99966% of the time? - ✔✔Less than 3.4
What is the last step to Deming's 14 points of quality management? -
✔✔To take action to accomplish the transformation
Process checklists and project audits are components of which
management process? - ✔✔Quality Assurance
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 by eliminating
nonconformity of their products to product specifications. The company
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
believes their continuous effort to reduce variation in their process outputs
is key to their business success.
Which quality process is the company utilizing? - ✔✔Six Sigma
Which concept entails all aspects of interaction a company has with its
customers in both sales and service-related environments? - ✔✔Customer
relationship management
Dr. Ohmae indicates that customer, corporation, and competitors should be
integrated in a strategic triangle.
What does Dr. Ohmae indicate that an organization can obtain by doing
this? - ✔✔Sustained competitive advantage
What designates those who take hands-on responsibility for creating
innovation such as new ideas, products, or methods within an
organization? - ✔✔Intrapreneur
Why is innovation an important element of entrepreneurship? - ✔✔Creates
unique and different products or services
Principles of Management - C483 WGU
(Pre-Assessment) Exam Questions and
Answers 100% Solved
Industry and market analysis, competitor analysis, and social analysis are
examples of which step in the strategic planning process? - ✔✔Analysis of
external opportunities and threats
Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis? - ✔✔Strengths
What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization? - ✔✔Core competencies
According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning? - ✔✔Suppliers can reduce
manufacturing time and increase product quality.
A company offers unique products in its industry to create a competitive
advantage.
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Which type of strategy is the company using? - ✔✔Differentiation
Happy Inc. is a leading provider of family entertainment 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? - ✔✔Vertical integration
A local business has provided services to its customers for 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? - ✔✔Strategic vision
What is the first step of organizational strategic planning? - ✔✔Developing
a strategic mission
A value chain is the sequence of activities that begins with raw materials.
,©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
What result does a value chain end with? - ✔✔Delivery of products or
services
What happens when an effective value chain is created? - ✔✔Profit
margins are increased.
The introduction of statistical tools to analyze the causes of product defects
is associated with which quality improvement approach? - ✔✔Six Sigma
What is the principal idea of reengineering? - ✔✔To revolutionize key
organizational systems and processes
How many defects per million are there at Six Sigma, assuming a product
or process is defect-free 99.99966% of the time? - ✔✔Less than 3.4
What is the last step to Deming's 14 points of quality management? -
✔✔To take action to accomplish the transformation
Process checklists and project audits are components of which
management process? - ✔✔Quality Assurance
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 by eliminating
nonconformity of their products to product specifications. The company
, ©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
believes their continuous effort to reduce variation in their process outputs
is key to their business success.
Which quality process is the company utilizing? - ✔✔Six Sigma
Which concept entails all aspects of interaction a company has with its
customers in both sales and service-related environments? - ✔✔Customer
relationship management
Dr. Ohmae indicates that customer, corporation, and competitors should be
integrated in a strategic triangle.
What does Dr. Ohmae indicate that an organization can obtain by doing
this? - ✔✔Sustained competitive advantage
What designates those who take hands-on responsibility for creating
innovation such as new ideas, products, or methods within an
organization? - ✔✔Intrapreneur
Why is innovation an important element of entrepreneurship? - ✔✔Creates
unique and different products or services
