3rd Module Assessment 1 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Dashboard / My courses / Management in Action - Social Economic and Ethical Issues (MGMT705)-Semester IV / Module III In-house Management vs. Management Outsourced / 3rd Module Assessment Question 1 Not yet answered Marked out of 1.00 The term _____________ refers to principles, values and beliefs that define right and wrong behaviour. a. Customer satisfaction b. Ethics c. Innovation d. Empowerment Clear my choice Question 2 Not yet answered Marked out of 1.00 __________ is the consideration offered as a return for a good profit or service. a. Price b. Cost c. Value d. None of these Clear my choice Question 3 Not yet answered Marked out of 1.00 The term "cost" refers to: a. An asset that has a given benefit and is now expired b. The price of a product sold or services rendered c. The value of the sacrifice made to acquire goods or services d. The present value of future benefits Clear my choice 5/2/2023, 16:14 3rd Module Assessment 2 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Question 4 Not yet answered Marked out of 1.00 _________________ consultants provide clients with guidance regarding business process optimisation. a. Information technology b. Operations c. Human Capital d. Strategy Clear my choice Question 5 Not yet answered Marked out of 1.00 A written statement of policies and principles that guides the behaviour of all employees is called _________. a. code of ethics b. word of ethics c. ethical dilemma d. None of these Clear my choice Question 6 Not yet answered Marked out of 1.00 The production of goods or services that can be bought from outside suppliers is classified as ____________. a. Idle sourcing b. Sunk sourcing c. Outsourcing d. In-sourcing Clear my choice 5/2/2023, 16:14 3rd Module Assessment 3 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Question 7 Not yet answered Marked out of 1.00 In order to maximise profits, a firm endeavours to _________. a. increase its revenue b. lower its cost c. both (A) and (B) d. increase its capital Clear my choice Question 8 Not yet answered Marked out of 1.00 The decisions made by the team of individuals or single person, whether to outsource or in-source the products are classified as: a. Demand or supply decisions b. Make or buy decisions c. Relevant or irrelevant decisions d. None of these Clear my choice Question 9 Not yet answered Marked out of 1.00 The pricing technique in which low price is charged for a quality offering is classified as __________. a. break-even pricing b. perceived value pricing c. target return pricing d. value pricing Clear my choice 5/2/2023, 16:14 3rd Module Assessment 4 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Question 10 Not yet answered Marked out of 1.00 Which among the following is not a challenge faced by the Global Consulting Industry? a. Changing client behaviour b. New competition c. Complexity of the project d. None of these Clear my choice Question 11 Not yet answered Marked out of 2.00 ____________ consultants provide clients with guidance in various spheres of business including corporate strategy, business transformation and digital and innovation capabilities. a. Information technology b. Operations c. Human Capital d. Strategy Clear my choice Question 12 Not yet answered Marked out of 2.00 Which of these is a factor that affects ethical and unethical behaviour? a. Ethical dilemma b. Diversity c. Teamwork d. Open communication Clear my choice 5/2/2023, 16:14 3rd Module Assessment 5 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Question 13 Not yet answered Marked out of 2.00 An important feature of a cost centre is that: a. It uses only monetary information. b. It has clearly defined boundaries. c. It must be one specific location only. d. It must be an area of a business through which products pass. Clear my choice Question 14 Not yet answered Marked out of 2.00 One of the major limitations of the internal consultant is: a. their lack of understanding of the organisation. b. their access to information. c. their potential loss of objectivity. d. their lack of training. Clear my choice Question 15 Not yet answered Marked out of 4.00 A person goes to the store to buy medicine and pays Rs. 1000, hence the price. In addition, the amount the seller or manufacturer has spent on the production of the drug, its costs, which may include labour cost, materials, transportation, research and development, office costs etc. Costs are usually lower compared to the price tag on which it is sold. This is an example of _________. a. Cost-vs-price-and-value b. Price Compared to Cost c. Cost Compared to Cost-cost-value d. Value vs Price Price-cost-vs-value Clear my choice 5/2/2023, 16:14 3rd Module Assessment 6 of 6 https://amigo.amityonline.com/mod/quiz/attempt.php?attempt=72998... Question 16 Not yet answered Marked out of 4.00 A firm outsources many of its value chain activities. Compare it with a firm that does everything in-house, this is likely to incur: a. Higher transaction costs, lower control b. Higher transaction costs, higher control c. Lower transaction costs, higher control d. Lower transaction costs, lower control Clear my choice Question 17 ◄ 3.4 Case Study Not yet answered Jump to... Marked out of 4.00 Module 3 Feedback Form ► The consultant-centred practitioner may have to: a. take on a modified role of “expert” b. always adopt the role of the “expert” c. never adopt the role of the “expert” d. none of the above Clear my choice 5/2/2023, 16:14
