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C483 - OA Prep – WGU Exam Questions and Answers Graded A+

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C483 - OA Prep – WGU Exam Questions and Answers Graded A+

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C483 Principles Of Management
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C483 - OA Prep – WGU Exam Questions
and Answers Graded A+

Which of the following refers to the immediate environment surrounding a firm,

including suppliers, customers, rivals, and new entrants?




A. relational environment

B. business situation

C. macroenvironment

D. competitive environment

E. business atmosphere - Correct answer-D. competitive environment




(The competitive environment is the immediate environment surrounding a firm. It

includes suppliers, customers, rivals, new entrants, and substitute products.)

In competition, a complement of a health club membership might be?



©COPYRIGHT 2025, ALL RIGHTS RESERVED 1

,A. workout clothes.

B. free tickets to the movie.

C. an online workout program.

D. a karate club.

E. an adjacent furniture store - Correct answer-A. workout clothes.




(A complement is a potential opportunity because customers buy more of a given

product if they also demand more of the complementary product. The two products

are often used together.)

The internal environment includes?




A. competitors and the economy.

B. customers and suppliers.

C. government and social issues.

D. legal and political factors.

E. culture and climate. - Correct answer-E. culture and climate.



©COPYRIGHT 2025, ALL RIGHTS RESERVED 2

,(The internal environment includes a firm's culture, climate, and values. The

external environment includes all relevant forces outside the organization's

boundaries.)

In Michael Porter's competitive environment model, the five parts of the model

are?




A. supply chain management, competitors, rival firms, the economy, and the

macroenvironment.

B. customer satisfaction, rival firms, the macroenvironment, the economy, and

suppliers.

C. new entrants, the macroenvironment, substitutes and complements, employees,

and the economy.

D. new entrants, the macroenvironment, the economy, rival firms, and competitors.

E. suppliers, new entrants, customers, substitutes and complements, and rival

firms. - Correct answer-E. suppliers, new entrants, customers, substitutes and

complements, and rival firms.



©COPYRIGHT 2025, ALL RIGHTS RESERVED 3

, (According to Porter, successful managers do more than simply react to the

environment; they act in ways that actually change the organization's environment.

His model focuses on new entrants, customers, substitutes and complements,

suppliers, and rival firms.)

Which of the following aspects of organization culture will tell you what the firm's

desired public image is?




A. the employee handbook

B. the stories people tell

C. the corporate mission statement

D. the organization's important business practices

E. the organization's symbols, rights, and ceremonies - Correct answer-C. the

corporate mission statement




(Corporate mission statements and official goals tell you what the firm's desired

public image is.)

Complexity and dynamism in the environment result in?


©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
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