1|Page
WGU C483 - Principles Of
Management Exam Questions And
Answers 2026
Control - correct-answer - Any process that directs the activities of individuals
toward the achievement of organizational goals
Controlling - correct-answer - The management function of monitoring
performance and making needed changes; takes five steps: 1) set standards, 2)
measure performance, 3 compare performance to standards, 4) taking correction.
Cooperative strategies - correct-answer - Strategies used by two or more
organizations working together to manage the external environment
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Coordination - correct-answer - The procedures that link the various parts of an
organization for the purpose of achieving the organization's overall mission
Coordination by mutual adjustment - correct-answer - Units interact with one
another to make accommodations to achieve flexible coordination
Coordination by plan - correct-answer - Interdependent units are required to
meet deadlines and objectives that contribute to a common goal
Core capability - correct-answer - A unique skill and/or knowledge an
organization possesses that gives it an edge over competitors
Corporate governance - correct-answer - The role of a corporation's executive
staff and board of directors in ensuring that the firm's activities meet the goals of
the firm's stakeholders
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Corporate social responsibility (CSR) - correct-answer - Obligation toward society
assumed by business
Corporate strategy - correct-answer - The set of businesses, markets, or industries
in which an organization competes and the distribution of resources among those
entities
Cost competitiveness - correct-answer - Keeping costs low to achieve profits and
be able to offer prices that are attractive to consumers
Culture shock - correct-answer - The disorientation and stress associated with
being in a foreign environment
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Current ratio - correct-answer - A liquidity ratio that indicates the extent to which
short-term assets can decline and still be adequate to pay short-term liabilities
Customer relationship management (CRM) - correct-answer - A multifaceted
process focusing on creating two-way exchanges with customers to foster
intimate knowledge of their needs, wants, and buying patterns
Custom-made solutions - correct-answer - New, creative solutions designed
specifically for the problem
Debt-equity ratio - correct-answer - A leverage ratio that indicates the company's
ability to meet its long-term financial obligations
Decentralized organization - correct-answer - An organization in which lower-
level managers make important decisions
WGU C483 - Principles Of
Management Exam Questions And
Answers 2026
Control - correct-answer - Any process that directs the activities of individuals
toward the achievement of organizational goals
Controlling - correct-answer - The management function of monitoring
performance and making needed changes; takes five steps: 1) set standards, 2)
measure performance, 3 compare performance to standards, 4) taking correction.
Cooperative strategies - correct-answer - Strategies used by two or more
organizations working together to manage the external environment
,2|Page
Coordination - correct-answer - The procedures that link the various parts of an
organization for the purpose of achieving the organization's overall mission
Coordination by mutual adjustment - correct-answer - Units interact with one
another to make accommodations to achieve flexible coordination
Coordination by plan - correct-answer - Interdependent units are required to
meet deadlines and objectives that contribute to a common goal
Core capability - correct-answer - A unique skill and/or knowledge an
organization possesses that gives it an edge over competitors
Corporate governance - correct-answer - The role of a corporation's executive
staff and board of directors in ensuring that the firm's activities meet the goals of
the firm's stakeholders
,3|Page
Corporate social responsibility (CSR) - correct-answer - Obligation toward society
assumed by business
Corporate strategy - correct-answer - The set of businesses, markets, or industries
in which an organization competes and the distribution of resources among those
entities
Cost competitiveness - correct-answer - Keeping costs low to achieve profits and
be able to offer prices that are attractive to consumers
Culture shock - correct-answer - The disorientation and stress associated with
being in a foreign environment
, 4|Page
Current ratio - correct-answer - A liquidity ratio that indicates the extent to which
short-term assets can decline and still be adequate to pay short-term liabilities
Customer relationship management (CRM) - correct-answer - A multifaceted
process focusing on creating two-way exchanges with customers to foster
intimate knowledge of their needs, wants, and buying patterns
Custom-made solutions - correct-answer - New, creative solutions designed
specifically for the problem
Debt-equity ratio - correct-answer - A leverage ratio that indicates the company's
ability to meet its long-term financial obligations
Decentralized organization - correct-answer - An organization in which lower-
level managers make important decisions
