USING PRINCIPLES-OF-MANAGEMENT NEW REAL EXAM MAKES IT AS EASY AS SLEEPING TO PASS PRINCIPLES OF MANAGEMENT AT WESTERN GOVERNORS UNIVERSITY(IAC1)

Using Principles-of-Management New Real Exam Makes It As Easy As Sleeping to Pass Principles of Management at Western Governors University(IAC1)

Using Principles-of-Management New Real Exam Makes It As Easy As Sleeping to Pass Principles of Management at Western Governors University(IAC1)

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WGU Principles of Management at Western Governors University(IAC1) Sample Questions (Q12-Q17):

NEW QUESTION # 12
What isa clear and concise statement ofthe basic purpose of an organization? Choose 1 answer

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

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 # 13
A team leader is having a difficult time implementing the company's new scheduling policy, which does not take into account seniority. The team is aware of the problem and has discussed options to deal with it, but no definitive solutions have been determined.
Which stage in the change process is the team experiencing?
Choose 1 answer

  • A. Preparation
  • B. Contemplation
  • C. Precontemplation
  • D. Action

Answer: B

Explanation:
The stage in the change process that the team is experiencing is contemplation. In this stage, the team is aware of the problem and is considering potential solutions but has not yet committed to a specific action. This stage involves discussions and evaluations of different options without definitive decisions being made.


NEW QUESTION # 14
What is the last step in strategic planning? Choose 1 answer

  • A. Strategy formulation
  • B. Strategic control
  • C. Goal setting
  • D. SWOT analysis

Answer: B

Explanation:
The last step in the strategic planning process is strategic control. This involves monitoring and evaluating the execution of the strategic plan to ensure that the organization is achieving its objectives and making necessary adjustments.
* Strategic Management Process:
* The strategic management process includes developing the firm's vision and mission, strategic analysis, setting objectives, creating and implementing strategies, and finally, measuring and evaluating performance.
* Strategic control is the step where managers assess whether the strategies and plans are being effectively implemented and whether they are leading the organization towards its goals.
* Purpose of Strategic Control:
* It ensures that the organization is moving in the right direction and that the strategic plans are yielding the desired outcomes.
* It involves setting performance standards, measuring actual performance, comparing it with the standards, and taking corrective actions if necessary.
* Components of Strategic Control:
* Performance Measurement: This involves tracking the progress of strategy implementation through key performance indicators (KPIs).
* Feedback and Adjustment: Based on performance data, managers provide feedback and make adjustments to strategies to address any deviations from the planned objectives.


NEW QUESTION # 15
Which customer relationship concept emphasizes the relationship between the company, the competition, and the customer? Choose 1 answer

  • A. Liaison concept
  • B. Strategic relationship
  • C. Tactical strategy
  • D. Strategic triangle

Answer: D

Explanation:
The customer relationship concept that emphasizes the relationship between the company, the competition, and the customer is the Strategic Triangle. This model highlights the importance of balancing these three elements to achieve competitive advantage. It involves understanding customer needs, monitoring competitor actions, and leveraging company strengths to deliver superior value to customers.


NEW QUESTION # 16
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. Job analysis
  • B. Statistical analysis
  • C. Social constructivist analysis
  • D. Objective analysis

Answer: B

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 # 17
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