QDM Questions with verified answers
A large percentage of the revenue of most firms is spent on which function?
A.operations
B.finance
C.marketing
D.research and development Ans✓✓✓ A.operations
A set of skills, talents, and capabilities in which a firm is particularly strong is
referred to as
A.key success factors (KSFs).
B.core competencies.
C.differentiation.
D.experience differentiation. Ans✓✓✓ core competencies
A strategy is
A.a functional area of the firm.
B.established prior to establishing a mission.
C.an action plan to achieve a mission.
D.the purpose for which an organization is established. Ans✓✓✓ an action plan
to achieve a mission.
A team of sports analysts uses the number of practice games played to predict the
team ranking in the next season. Based on previous records, a regression model is
proposed. What can we learn from the following:
y=40.972-3.23x
, R^2=0.951 Ans✓✓✓ About 95.1% of the data variation is explained by this
regression model .
Among the following, critical path and slack time analysis MOST help
A.highlight relationships among project activities.
B.managers define the project activities.
C.point out who is responsible for various activities.
D.pinpoint activities that need to be closely watched. Ans✓✓✓ pinpoint activities
that need to be closely watched.
Choose the correct example of cost leadership and its explanation below.
A.Hard Rock Cafe, as it engages the customer with classic rock music.
B.Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread.
C.Southwest Airlines, as it fulfills a need for low-cost and short-hop flights.
Ans✓✓✓ Southwest Airlines, as it fulfills a need for low-cost and short-hop
flights.
Choose the correct example of differentiation and its explanation below.
A.Starbucks, as it provides the best cheap coffees, including canned, ground, fair
trade and organic coffees.
B.Johnson Electric, as it competes on speed-speed in design, production, and
delivery.
C.Starbucks, as it provides the special atmosphere and aroma of fresh coffee.
Ans✓✓✓ Starbucks, as it provides the special atmosphere and aroma of fresh
coffee.
Choose the correct example of response and its explanation below.
A large percentage of the revenue of most firms is spent on which function?
A.operations
B.finance
C.marketing
D.research and development Ans✓✓✓ A.operations
A set of skills, talents, and capabilities in which a firm is particularly strong is
referred to as
A.key success factors (KSFs).
B.core competencies.
C.differentiation.
D.experience differentiation. Ans✓✓✓ core competencies
A strategy is
A.a functional area of the firm.
B.established prior to establishing a mission.
C.an action plan to achieve a mission.
D.the purpose for which an organization is established. Ans✓✓✓ an action plan
to achieve a mission.
A team of sports analysts uses the number of practice games played to predict the
team ranking in the next season. Based on previous records, a regression model is
proposed. What can we learn from the following:
y=40.972-3.23x
, R^2=0.951 Ans✓✓✓ About 95.1% of the data variation is explained by this
regression model .
Among the following, critical path and slack time analysis MOST help
A.highlight relationships among project activities.
B.managers define the project activities.
C.point out who is responsible for various activities.
D.pinpoint activities that need to be closely watched. Ans✓✓✓ pinpoint activities
that need to be closely watched.
Choose the correct example of cost leadership and its explanation below.
A.Hard Rock Cafe, as it engages the customer with classic rock music.
B.Hard Rock Cafe, as it provides the aroma of fresh coffee or freshly baked bread.
C.Southwest Airlines, as it fulfills a need for low-cost and short-hop flights.
Ans✓✓✓ Southwest Airlines, as it fulfills a need for low-cost and short-hop
flights.
Choose the correct example of differentiation and its explanation below.
A.Starbucks, as it provides the best cheap coffees, including canned, ground, fair
trade and organic coffees.
B.Johnson Electric, as it competes on speed-speed in design, production, and
delivery.
C.Starbucks, as it provides the special atmosphere and aroma of fresh coffee.
Ans✓✓✓ Starbucks, as it provides the special atmosphere and aroma of fresh
coffee.
Choose the correct example of response and its explanation below.
