Quality Management and Answer A.
MGC1 Principals of Management Assessment
Correct Answers are in RED
I Scored 64% ( 33/51 )
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 A.
Outsourcing or insourcing
B.
Supply and demand
C.
Delivery of products or services
D.
Operations and logistics
C
2. What happens when an effective value chain is created?
Choose 1 answer A.
Total quality management is not required.
B.
Profit margins are increased.
C.
Customized products are standardized.
D.
A mission statement is developed.
B
3. Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process?
Choose 1 answer A.
Analysis of internal strengths and weaknesses
B.
Analysis of external opportunities and threats
C.
Analysis of mission, vision, and goals
D.
Analysis of management implementation
B
4. Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis?
Choose 1 answer A.
Opportunities
B.
Strenghts
C.
Threats
D.
Weaknesses
B
5. What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization?
Choose 1 answer A.
Strategic values
B.
Opportunities and threats
C.
Products and services
D.
Core competencies
D
X
6. According to Michael Porter's competitive environment model, how can suppliers influence strategic planning?
Choose 1 answer A.
Suppliers can reduce the numbers of new entrants in the market.
B.
Suppliers can reduce the threat from substitute products.
C.
Suppliers can reduce manufacturing time and increase product quality.
D.
Supplier can reduce technological, demographic, and legal threats in the environment.
X B
7. A company offers unique
Correct Answers are in RED
I Scored 64% ( 33/51 )
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 A.
Outsourcing or insourcing
B.
Supply and demand
C.
Delivery of products or services
D.
Operations and logistics
C
2. What happens when an effective value chain is created?
Choose 1 answer A.
Total quality management is not required.
B.
Profit margins are increased.
C.
Customized products are standardized.
D.
A mission statement is developed.
B
3. Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process?
Choose 1 answer A.
Analysis of internal strengths and weaknesses
B.
Analysis of external opportunities and threats
C.
Analysis of mission, vision, and goals
D.
Analysis of management implementation
B
4. Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis?
Choose 1 answer A.
Opportunities
B.
Strenghts
C.
Threats
D.
Weaknesses
B
5. What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization?
Choose 1 answer A.
Strategic values
B.
Opportunities and threats
C.
Products and services
D.
Core competencies
D
X
6. According to Michael Porter's competitive environment model, how can suppliers influence strategic planning?
Choose 1 answer A.
Suppliers can reduce the numbers of new entrants in the market.
B.
Suppliers can reduce the threat from substitute products.
C.
Suppliers can reduce manufacturing time and increase product quality.
D.
Supplier can reduce technological, demographic, and legal threats in the environment.
X B
7. A company offers unique