C483 Attempt #1 PASSED PRE ASSESSMENT:
PRINCIPLES OF MANAGEMENT (IAC1) (PIAC) Western
Governors University
PRE ASSESSMENT: PRINCIPLES OF MANAGEMENT (IAC1)
(PIAC)
Attempt #1
Status:
Passed
1. A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end
with? Choose 1 answer
YOUR CORREC
ANSWE T
R ANSWE
R
Supply and demand
, Operations and
logistics Outsourcing
or insourcing
Delivery of products or services
2. What is the first step of organizational strategic planning?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
3. What happens when an effective value chain is created?
Choose 1 answer
, YOUR CORRECT
ANSWER ANSWER
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
4. Industry and market analysis, competitor analysis, and social analysis are examples of
which step in the strategic planning process?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
5. Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Threats
Strengths
Weaknesses
Opportunities
6. What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization?
, Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Strategic values
Core capabilities
Products and services
Opportunities and
threats
7. According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase
product quality.
Supplier can reduce technological, demographic, and
legal threats in the environment.
8. A company offers unique products in its industry to create a competitive
advantage.
Which type of strategy is the company using?
Choose 1 answer
CORREC
YOUR
T
ANSWE
ANSWE
R
R
Valorization
Differentiation
PRINCIPLES OF MANAGEMENT (IAC1) (PIAC) Western
Governors University
PRE ASSESSMENT: PRINCIPLES OF MANAGEMENT (IAC1)
(PIAC)
Attempt #1
Status:
Passed
1. A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end
with? Choose 1 answer
YOUR CORREC
ANSWE T
R ANSWE
R
Supply and demand
, Operations and
logistics Outsourcing
or insourcing
Delivery of products or services
2. What is the first step of organizational strategic planning?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
3. What happens when an effective value chain is created?
Choose 1 answer
, YOUR CORRECT
ANSWER ANSWER
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
4. Industry and market analysis, competitor analysis, and social analysis are examples of
which step in the strategic planning process?
Choose 1 answer
YOUR CORRECT
ANSWER ANSWER
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
5. Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Threats
Strengths
Weaknesses
Opportunities
6. What denotes skills or expertise in an activity that constitutes the roots of
competitiveness in an organization?
, Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Strategic values
Core capabilities
Products and services
Opportunities and
threats
7. According to Michael Porter's competitive environment model, how can
suppliers influence strategic planning?
Choose 1 answer
YOUR
CORREC
ANSWE
T
R
ANSWE
R
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase
product quality.
Supplier can reduce technological, demographic, and
legal threats in the environment.
8. A company offers unique products in its industry to create a competitive
advantage.
Which type of strategy is the company using?
Choose 1 answer
CORREC
YOUR
T
ANSWE
ANSWE
R
R
Valorization
Differentiation
