WGU D073 Study Guide Ques ons and answers Newest
RATED A+ 2025/2026 UPDATED RATED A+ 100%
VERIFIED CORRECT
What are the 5 types of power in leadership under "Theories of Leadership"? Explain each. -
CORRECT ANSWERS Reward power: the power people have because others believe they can
bestow rewards upon them
Coercive power: the power people have because others believe they can inflict pain or take
away something they value
Referent power: the power people have because others want to associate with or be occupied
by them
Expert or resource power: the power people have because others believe they bestow useful
knowledge
Legi*mate power: the power people have because others believe they possess the "right" to
influence them and they ought to obey
What are the 4 major func*ons of a manager? - CORRECT ANSWERS Planning: develop a
roadmap or series of objec*ves that must be met to achieve the goals of the organiza*on
Organizing: using resources in the most effec*ve way, assigning tasks, delega*ng
responsibili*es, and determining who is reportable to whom in the organiza*on
Nego*a*ng: managers must be influen*al leaders who can nego*ate between par*es,
complete tasks, and lead employees
, Controlling: process of monitoring progress and correc*ng for any veering off the path
Name all the parts to the Strategic Management Process. Describe each in detail. - CORRECT
ANSWERS Strategic objec*ves: SWOT analysis is used to perform both a thorough internal
inves*ga*on to assess its strengths(S), weaknesses(W) and an appraisal of the external
compe**ve environment looking for any opportuni*es(O), or threats (T). PESTLE can be used to
evaluate poli*cal, economic, social, technological, environmental, and legal facts that may affect
an organiza*ons strategy
Strategic formula*on: goals and objec*ves are wri5en based on the informa*on obtained from
the PESTLE and SWOT analyses. Goals are broad, primary outcomes the organiza*on is hoping
to achieve
Strategic implementa*on: when the planning stops, and the ac*on begins. Employees in the
organiza*on should be aware of their assignments, responsibility, and authority
Strategic evalua*on and control: performance measurements will help determine if crucial
milestones are being met. Correc*ve ac*ons are taken if the actual result varies from the
strategic plan. Reexamining the goals of the measurement criteria to determine success may be
needed
Please describe the Master Budget, its two components, and provide defini*ons for the series
of budgets that opera*onalize the organiza*on's strategy. - CORRECT ANSWERS Master
budget: overall budget a company uses to make sure its expenses in all ares fall within its
financial parameters
A master budget consists of a project income statement (planned opera*ng budget) and a
projected balance sheet (financial budget) showing the organiza*ons objec*ves and proposed
ways of a5aining them
RATED A+ 2025/2026 UPDATED RATED A+ 100%
VERIFIED CORRECT
What are the 5 types of power in leadership under "Theories of Leadership"? Explain each. -
CORRECT ANSWERS Reward power: the power people have because others believe they can
bestow rewards upon them
Coercive power: the power people have because others believe they can inflict pain or take
away something they value
Referent power: the power people have because others want to associate with or be occupied
by them
Expert or resource power: the power people have because others believe they bestow useful
knowledge
Legi*mate power: the power people have because others believe they possess the "right" to
influence them and they ought to obey
What are the 4 major func*ons of a manager? - CORRECT ANSWERS Planning: develop a
roadmap or series of objec*ves that must be met to achieve the goals of the organiza*on
Organizing: using resources in the most effec*ve way, assigning tasks, delega*ng
responsibili*es, and determining who is reportable to whom in the organiza*on
Nego*a*ng: managers must be influen*al leaders who can nego*ate between par*es,
complete tasks, and lead employees
, Controlling: process of monitoring progress and correc*ng for any veering off the path
Name all the parts to the Strategic Management Process. Describe each in detail. - CORRECT
ANSWERS Strategic objec*ves: SWOT analysis is used to perform both a thorough internal
inves*ga*on to assess its strengths(S), weaknesses(W) and an appraisal of the external
compe**ve environment looking for any opportuni*es(O), or threats (T). PESTLE can be used to
evaluate poli*cal, economic, social, technological, environmental, and legal facts that may affect
an organiza*ons strategy
Strategic formula*on: goals and objec*ves are wri5en based on the informa*on obtained from
the PESTLE and SWOT analyses. Goals are broad, primary outcomes the organiza*on is hoping
to achieve
Strategic implementa*on: when the planning stops, and the ac*on begins. Employees in the
organiza*on should be aware of their assignments, responsibility, and authority
Strategic evalua*on and control: performance measurements will help determine if crucial
milestones are being met. Correc*ve ac*ons are taken if the actual result varies from the
strategic plan. Reexamining the goals of the measurement criteria to determine success may be
needed
Please describe the Master Budget, its two components, and provide defini*ons for the series
of budgets that opera*onalize the organiza*on's strategy. - CORRECT ANSWERS Master
budget: overall budget a company uses to make sure its expenses in all ares fall within its
financial parameters
A master budget consists of a project income statement (planned opera*ng budget) and a
projected balance sheet (financial budget) showing the organiza*ons objec*ves and proposed
ways of a5aining them
