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1.
cancel Wrong
Question :
While the other management systems referred to use upper management decision-
making and employee specialization to maximize shareholder profits over the short
term, TQM envisions the interests of employees, shareholders, and customers as
convergent. For example, lower prices not only benefit consumers but also enhance an
organization’s competitive edge and ensure its continuance, thus benefiting employees
and owners. TQM’s emphasis on shared interests is reflected in the decentralized
decision-making, integrated production activity, and lateral structure of organizations
that achieve the benefits of TQM.
Reference
Correct Answer :
2.
cancel Wrong
Question :
While the other management systems referred to use upper management decision-
making and employee specialization to maximize shareholder profits over the short
term, TQM envisions the interests of employees, shareholders, and customers as
convergent. For example, lower prices not only benefit consumers but also enhance an
organization’s competitive edge and ensure its continuance, thus benefiting employees
and owners. TQM’s emphasis on shared interests is reflected in the decentralized
decision-making, integrated production activity, and lateral structure of organizations
that achieve the benefits of TQM.
Reference
Your Answer :
Correct Answer :
3.
cancel Wrong
Question :
While the other management systems referred to use upper management decision-
making and employee specialization to maximize shareholder profits over the short
term, TQM envisions the interests of employees, shareholders, and customers as
convergent. For example, lower prices not only benefit consumers but also enhance an
organization’s competitive edge and ensure its continuance, thus benefiting employees
and owners. TQM’s emphasis on shared interests is reflected in the decentralized
decision-making, integrated production activity, and lateral structure of organizations
that achieve the benefits of TQM.
Reference
Your Answer :
Management system
Correct Answer :
Management philosophy
4.
cancel Wrong
Question :
While the other management systems referred to use upper management decision-
making and employee specialization to maximize shareholder profits over the short
term, TQM envisions the interests of employees, shareholders, and customers as
convergent. For example, lower prices not only benefit consumers but also enhance an
organization’s competitive edge and ensure its continuance, thus benefiting employees
and owners. TQM’s emphasis on shared interests is reflected in the decentralized
decision-making, integrated production activity, and lateral structure of organizations
that achieve the benefits of TQM.
Reference
Jaganathan, A. (2018). Reading comprehension: The management philosophy known as
TQM. Retrieved from https://www.qsleap.com/gmat/resources/reading-comprehension-big-
picture-questions-the-management-philosophy-known-as-tqm
Your Answer :
Correct Answer :
TQM is created to improve customer service by using sampling theory to reduce the
variability of a product’s quality
5.
cancel Wrong
Question :
Managers have to check whether objectives and targets are being ______________.
Your Answer :
presented
Correct Answer :
achieved
6.
check_circle Correct
Question :
Social Networks
Business applications
Social networks connect people at low cost; this can be beneficial for entrepreneurs and small
businesses looking to expand their contact base. These networks often act as a customer
relationship management tool for companies selling products and services. Companies can
also use social networks for advertising in the form of banners and text ads. Since businesses
operate globally, social networks can make it easier to keep in touch with contacts around the
world.
Medical applications
Social networks are beginning to be adopted by healthcare professionals as a means to
manage institutional knowledge, disseminate peer to peer knowledge and to highlight
individual physicians and institutions. The advantage of using a dedicated medical social
networking site is that all the members are screened against the state licensing board list of
practitioners. The role of social networks is especially of interest to pharmaceutical
companies who spend approximately "32 percent of their marketing dollars" attempting to
influence the opinion leaders of social networks.
Business model
Few social networks currently charge money for membership. In part, this may be because
social networking is a relatively new service, and the value of using them has not been firmly
established in customers' minds. Companies such as MySpace and Facebook sell online
advertising on their site. Hence, they are seeking large memberships, and charging for
membership would be counterproductive. Some believe that the deeper information that the
sites have on each user will allow much better targeted advertising than any other site can
currently provide. Sites are also seeking other ways to make money, such as by creating an
online marketplace or by selling professional information and social connections to
businesses.
Reference
Exam English. (2014). Free practice tests for learners of English. Retrieved
from https://www.examenglish.com/FCE/fce_reading.htm
Your Answer :
7.
cancel Wrong
Question :
Social Networks
Business applications
Social networks connect people at low cost; this can be beneficial for entrepreneurs and small
businesses looking to expand their contact base. These networks often act as a customer
relationship management tool for companies selling products and services. Companies can
also use social networks for advertising in the form of banners and text ads. Since businesses
operate globally, social networks can make it easier to keep in touch with contacts around the
world.
Medical applications
Social networks are beginning to be adopted by healthcare professionals as a means to
manage institutional knowledge, disseminate peer to peer knowledge and to highlight
individual physicians and institutions. The advantage of using a dedicated medical social
networking site is that all the members are screened against the state licensing board list of
practitioners. The role of social networks is especially of interest to pharmaceutical
companies who spend approximately "32 percent of their marketing dollars" attempting to
influence the opinion leaders of social networks.
Business model
Few social networks currently charge money for membership. In part, this may be because
social networking is a relatively new service, and the value of using them has not been firmly
established in customers' minds. Companies such as MySpace and Facebook sell online
advertising on their site. Hence, they are seeking large memberships, and charging for
membership would be counterproductive. Some believe that the deeper information that the
sites have on each user will allow much better targeted advertising than any other site can
currently provide. Sites are also seeking other ways to make money, such as by creating an
online marketplace or by selling professional information and social connections to
businesses.
Reference
Exam English. (2014). Free practice tests for learners of English. Retrieved
from https://www.examenglish.com/FCE/fce_reading.htm
Your Answer :
Correct Answer :
8.
cancel Wrong
Question :
Social Networks
Business applications
Social networks connect people at low cost; this can be beneficial for entrepreneurs and small
businesses looking to expand their contact base. These networks often act as a customer
relationship management tool for companies selling products and services. Companies can
also use social networks for advertising in the form of banners and text ads. Since businesses
operate globally, social networks can make it easier to keep in touch with contacts around the
world.
Medical applications
Social networks are beginning to be adopted by healthcare professionals as a means to
manage institutional knowledge, disseminate peer to peer knowledge and to highlight
individual physicians and institutions. The advantage of using a dedicated medical social
networking site is that all the members are screened against the state licensing board list of
practitioners. The role of social networks is especially of interest to pharmaceutical
companies who spend approximately "32 percent of their marketing dollars" attempting to
influence the opinion leaders of social networks.
Business model
Few social networks currently charge money for membership. In part, this may be because
social networking is a relatively new service, and the value of using them has not been firmly
established in customers' minds. Companies such as MySpace and Facebook sell online
advertising on their site. Hence, they are seeking large memberships, and charging for
membership would be counterproductive. Some believe that the deeper information that the
sites have on each user will allow much better targeted advertising than any other site can
currently provide. Sites are also seeking other ways to make money, such as by creating an
online marketplace or by selling professional information and social connections to
businesses.
Reference
Exam English. (2014). Free practice tests for learners of English. Retrieved
from https://www.examenglish.com/FCE/fce_reading.htm
Your Answer :
Correct Answer :
9.
cancel Wrong
Question :
Your Answer :
giving
Correct Answer :
setting
10.
check_circle Correct
Question :
Top managers are responsible for the _______________ that will allow the company to adapt
to a changing world.
Your Answer :
innovation
Correct Answer :
innovation