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WGU Principles-of-Management Free Learning Cram - Principles-of-Management Cert Guide

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WGU Principles of Management at Western Governors University(IAC1) Sample Questions (Q25-Q30):

NEW QUESTION # 25
What isa clear and concise statement ofthe basic purpose of an organization? Choose 1 answer

A. Its mission
B. Its objective
C. Its vision
D. Its goal

Answer: A

Explanation:
A clear and concise statement of the basic purpose of an organization is its mission. A mission statement provides a broad description of how the organization intends to achieve its vision. It specifies the organization's reason for being and answers the question, "What business(es) should we undertake?".
In the textbook "Principles of Management," a mission statement is defined as a broad description of how a firm will try to make its vision a reality, often describing the products and services the company plans to offer and the customers it plans to serve. This differentiates it from a vision statement, which is more general and focuses on what the business aspires to become in the future.

NEW QUESTION # 26
In which situation does religious preference inappropriately affect decision making? Choose 1 answer

A. An individual follows religious dietary restrictions while at work regardless of the religious beliefs of others.
B. A company allows two days off per year for religious celebrations to all employees regardless of religious affiliation.
C. A manager refuses to participate in an event that conflicts with the manager's personal religious beliefs.
D. A real estate agent uses her religious background as a basis for accepting bids on property that is for sale.

Answer: D

Explanation:
Religious preference inappropriately affects decision making when a real estate agent uses her religious background as a basis for accepting bids on property that is for sale. This situation reflects discrimination and bias, as decisions are being influenced by personal religious beliefs rather than objective criteria. Such actions can lead to unethical practices and violate principles of fair treatment and equality.

NEW QUESTION # 27
What is a Benefit of a boundaryless organization? Choose 1 answer

A. Employees may express their opinions freely.
B. Employees are allowed to form a union.
C. Employees have access to all buildings.
D. Employees are free to apply for other positions.

Answer: A

Explanation:
A benefit of a boundaryless organization is that employees may express their opinions freely. Boundaryless organizations eliminate traditional barriers between departments and hierarchical levels, fostering open communication, collaboration, and a free flow of information across the organization. This openness encourages employees to share their ideas and opinions without fear of repercussions, enhancing innovation and problem-solving.

NEW QUESTION # 28
What describes a value chain? Choose 1 answer

A. It is the internal strengths and weaknesses of an organization.
B. It allows an organization to manage diversity in multiple markets.
C. It creates a focus for organizational downsizing.
D. It flows from raw materials to the delivery of products or services.

Answer: D

Explanation:
The value chain describes the full range of activities that businesses go through to bring a product or service from conception to delivery and beyond. The concept was popularized by Michael Porter in his 1985 book
"Competitive Advantage: Creating and Sustaining Superior Performance."
* Definition and Scope: A value chain encompasses all the processes involved in the creation of a product or service. This includes:
* Sourcing raw materials.
* Production processes.
* Marketing and sales.
* Distribution and delivery.
* Customer service post-delivery.
* Primary Activities:
* Inbound Logistics: Receiving, storing, and disseminating inputs of the product.
* Operations: Transforming inputs into the final product.
* Outbound Logistics: Collecting, storing, and distributing the product to customers.
* Marketing and Sales: Persuading customers to purchase the product.
* Services: Activities that maintain and enhance the product's value, such as customer service.
* Support Activities:
* Procurement: Acquiring the resources a company needs to operate.
* Technology Development: Research and development, IT, automation, etc.
* Human Resource Management: Recruiting, hiring, training, and retaining workers.
* Firm Infrastructure: Organizational structure, control systems, company culture, etc.
* Example of Value Chain: The textbook provides an example of Walmart's value chain to illustrate how a company adds value at each step of the process, from procurement to delivery.
* Importance: Understanding and optimizing the value chain allows companies to identify where they can add value, reduce costs, and gain competitive advantage. Companies can use this analysis to find opportunities for improvement, innovation, and efficiency in their processes.

NEW QUESTION # 29
Wardrobe Web. Inc., wants to analyze defects such as late delivery, wrong shipment, and poor customerservice. Which process should the company use? Choose 1 answer

A. Statistical analysis
B. Job analysis
C. Objective analysis
D. Social constructivist analysis

Answer: A

Explanation:
Wardrobe Web, Inc. should use statistical analysis to analyze defects such as late delivery, wrong shipment, and poor customer service. Statistical analysis involves collecting and analyzing data to identify trends, patterns, and root causes of issues. It helps in making informed decisions to improve quality and efficiency by addressing the identified defects.

NEW QUESTION # 30
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