WGU C483
Study Guide Final
Principles of
Management well
arranged study ahead solution
2025
,WGU C483 - Principles of Management Study Guide (2025)
Accommodation - A conflict management style involving cooperation on behalf of the other party
while not asserting one's own interests.
Accountability - The expectation for employees to perform tasks, take corrective action when
needed, and report on performance status and quality.
Accounting audits - Processes to verify the accuracy of accounting reports and statements.
Acquisition - The process where one firm purchases another.
Activity-based costing (ABC) - A cost accounting method that identifies activity streams and
allocates costs based on employee time spent on specific activities.
Adapters - Companies that accept existing industry structures and evolution as given and decide
where to compete within them.
Adverse impact - When a neutral employment practice negatively affects a protected group
disproportionately.
Advertising support model - Earning revenue by charging fees for advertising on a website.
Affective conflict - Emotional disagreement directed toward others.
Affiliate model - Generating income by charging fees to direct site visitors to other companies' sites.
Affirmative action - Special recruitment efforts to hire qualified individuals from previously
discriminated groups.
After-action review - Open discussions addressing four key questions for continuous improvement.
Alderfer's ERG theory - A needs theory identifying three simultaneous human needs: Existence,
Relatedness, and Growth.
Arbitration - Resolving labor disputes through a neutral third party.
Assessment center - A managerial test involving various exercises and situations to evaluate
performance.
Assets - The values of the items a corporation owns.
Authentic leadership - A leadership style where the leader remains true to themselves while guiding
others.
Authority - The legitimate right to make decisions and direct others.
Autocratic leadership - A leadership style where decisions are made solely by the leader and then
communicated to the group.
Autonomous work groups - Groups that independently manage decisions and tasks within their
scope.
Avoidance - A conflict management style involving ignoring the problem or minimizing
disagreement.
, Balanced scorecard - A control system combining financial, customer, business process, and
learning/growth performance metrics.
Balance sheet - A financial report detailing a company’s assets, liabilities, and equity at a specific
time.
Barriers to entry - Conditions preventing new companies from entering an industry.
Behavioral approach - A leadership perspective focusing on identifying effective leadership
behaviors.
Benchmarking - Comparing an organization’s practices and technologies to those of other
companies.
Bootlegging - Informal, self-initiated employee projects outside assigned duties.
Boundaryless organization - An organization with unrestricted information flow.
Boundary-spanning - Connecting with individuals in other groups to establish inter-group linkages.
Bounded rationality - Decision-making limited by complexity and incomplete information.
Brainstorming - A group process for generating numerous ideas about a problem without immediate
critique.
Broker - An individual who coordinates and connects participants within a network.
Budgeting - Verifying achievements or addressing discrepancies by comparing results to budget
data, also known as budgetary control.
Buffering - Creating resource reserves for unpredictable needs.
Bureaucratic control - Performance management through rules, regulations, and authority.
Business accelerators - Organizations offering support to help young businesses grow.
Business ethics - Principles guiding moral behavior in business.
Business incubators - Protected environments nurturing new small businesses.
Business plan - A formal document describing all elements of starting and operating a business.
Business strategy - Key actions taken by a business to compete in an industry or market.
Cafeteria benefit program - An employee benefit system allowing customization of a benefit
package.
Carbon footprint - The total greenhouse gas emissions produced.
Caux Principles - International ethical standards created by business leaders in Caux, Switzerland, in
collaboration with leaders from Japan, Europe, and the United States.
Centralized organization - An organizational structure where top executives make most decisions
and pass them down for implementation.
Certainty - A state where decision-makers have complete and accurate information.
Charismatic leader - A leader who inspires excitement and confidence through dominance, self-
assurance, and moral conviction.
Study Guide Final
Principles of
Management well
arranged study ahead solution
2025
,WGU C483 - Principles of Management Study Guide (2025)
Accommodation - A conflict management style involving cooperation on behalf of the other party
while not asserting one's own interests.
Accountability - The expectation for employees to perform tasks, take corrective action when
needed, and report on performance status and quality.
Accounting audits - Processes to verify the accuracy of accounting reports and statements.
Acquisition - The process where one firm purchases another.
Activity-based costing (ABC) - A cost accounting method that identifies activity streams and
allocates costs based on employee time spent on specific activities.
Adapters - Companies that accept existing industry structures and evolution as given and decide
where to compete within them.
Adverse impact - When a neutral employment practice negatively affects a protected group
disproportionately.
Advertising support model - Earning revenue by charging fees for advertising on a website.
Affective conflict - Emotional disagreement directed toward others.
Affiliate model - Generating income by charging fees to direct site visitors to other companies' sites.
Affirmative action - Special recruitment efforts to hire qualified individuals from previously
discriminated groups.
After-action review - Open discussions addressing four key questions for continuous improvement.
Alderfer's ERG theory - A needs theory identifying three simultaneous human needs: Existence,
Relatedness, and Growth.
Arbitration - Resolving labor disputes through a neutral third party.
Assessment center - A managerial test involving various exercises and situations to evaluate
performance.
Assets - The values of the items a corporation owns.
Authentic leadership - A leadership style where the leader remains true to themselves while guiding
others.
Authority - The legitimate right to make decisions and direct others.
Autocratic leadership - A leadership style where decisions are made solely by the leader and then
communicated to the group.
Autonomous work groups - Groups that independently manage decisions and tasks within their
scope.
Avoidance - A conflict management style involving ignoring the problem or minimizing
disagreement.
, Balanced scorecard - A control system combining financial, customer, business process, and
learning/growth performance metrics.
Balance sheet - A financial report detailing a company’s assets, liabilities, and equity at a specific
time.
Barriers to entry - Conditions preventing new companies from entering an industry.
Behavioral approach - A leadership perspective focusing on identifying effective leadership
behaviors.
Benchmarking - Comparing an organization’s practices and technologies to those of other
companies.
Bootlegging - Informal, self-initiated employee projects outside assigned duties.
Boundaryless organization - An organization with unrestricted information flow.
Boundary-spanning - Connecting with individuals in other groups to establish inter-group linkages.
Bounded rationality - Decision-making limited by complexity and incomplete information.
Brainstorming - A group process for generating numerous ideas about a problem without immediate
critique.
Broker - An individual who coordinates and connects participants within a network.
Budgeting - Verifying achievements or addressing discrepancies by comparing results to budget
data, also known as budgetary control.
Buffering - Creating resource reserves for unpredictable needs.
Bureaucratic control - Performance management through rules, regulations, and authority.
Business accelerators - Organizations offering support to help young businesses grow.
Business ethics - Principles guiding moral behavior in business.
Business incubators - Protected environments nurturing new small businesses.
Business plan - A formal document describing all elements of starting and operating a business.
Business strategy - Key actions taken by a business to compete in an industry or market.
Cafeteria benefit program - An employee benefit system allowing customization of a benefit
package.
Carbon footprint - The total greenhouse gas emissions produced.
Caux Principles - International ethical standards created by business leaders in Caux, Switzerland, in
collaboration with leaders from Japan, Europe, and the United States.
Centralized organization - An organizational structure where top executives make most decisions
and pass them down for implementation.
Certainty - A state where decision-makers have complete and accurate information.
Charismatic leader - A leader who inspires excitement and confidence through dominance, self-
assurance, and moral conviction.
