WGU C483 – Principles of Management | 2025 Comprehensive Test Preparation Guide with Verified Questions and Detailed Explanations

WGU C483 – Principles of Management |
2025 Comprehensive Test Preparation Guide
with Verified Questions and Detailed
Explanations
o Deliveryfoffproductsforfservicesf-fCORRECTfANSWER-
Afvaluefchainfisfthefsequencefoffactivitiesfthatfbeginsfwit
hfrawfmaterials.

o Whatfresultfdoesfafvaluefchainfendfwith?

o Choosef1fanswer
o Supplyfandfdemand
o Operationsfandflogistics
o Outsourcingforfinsourcing
o Deliveryfoffproductsforfservices

o Profitfmarginsfarefincreased.f-fCORRECTfANSWER-
Whatfhappensfwhenfanfeffectivefvaluefchainfisfcreated?

o Choosef1fanswer
o Profitfmarginsfarefincreased.
o Afmissionfstatementfisfdeveloped.
o Customizedfproductsfarefstandardized.
o Totalfqualityfmanagementfisfnotfrequired.

o Analysisfoffexternalfopportunitiesfandfthreatsf-
fCORRECTfANSWER-

Industryfandfmarketfanalysis,fcompetitorfanalysis,fandfs

, ocialfanalysisfarefexamplesfoffwhichfstepfinfthefstrategicf
planningfprocess?
o Analysisfoffmission,fvision,fandfgoals
o Analysisfoffmanagementfimplementation
o Analysisfoffexternalfopportunitiesfandfthreats
o Analysisfoffinternalfstrengthsfandfweaknesses

o Strengthsf-fCORRECTfANSWER-
Skilledfmanagement,fpositivefcashfflow,fandfwell-
knownfbrandsfarefexamplesfoffwhichfcomponentfoffthef
SWOTfanalysis?
o Threats
o Strengths
o Weaknesses
o Opportunities

o Corefcompetenciesf-fCORRECTfANSWER-
Whatfdenotesfskillsforfexpertisefinfanfactivityfthatfconstit
utesfthefrootsfoffcompetitivenessfinfanforganization?

o Choosef1fanswer

o Strategicfvalues
o Corefcompetencies
o Productsfandfservices
o Opportunitiesfandfthreats

o Suppliersfcanfreducefmanufacturingftimefandfincreasefp
roductfquality.f-fCORRECTfANSWER-
AccordingftofMichaelfPorter'sfcompetitivefenvironmentf
model,fhowfcanfsuppliersfinfluencefstrategicfplanning?

,o Suppliersfcanfreducefthefthreatffromfsubstitutefproducts
.
o Suppliersfcanfreducefthefnumbersfoffnewfentrantsfinfthef
market.
o Suppliersfcanfreducefmanufacturingftimefandfincreasefp
roductfquality.
o Suppliersfcanfreduceftechnological,fdemographic,fandfl
egalfthreatsfinfthefenvironment.

o Differentiationf-fCORRECTfANSWER-
Afcompanyfoffersfuniquefproductsfinfitsfindustryftofcreat
efafcompetitivefadvantage.

o Whichftypefoffstrategyfisfthefcompanyfusing?
o Valorization
o Differentiation
o Customization
o Standardization

o Verticalfintegrationf-fCORRECTfANSWER-
HappyfInc.fisfafleadingfproviderfofffamilyfentertainmentfa
ndfBCDfisfafbroadcastingfcompanyfwithfnews,fcable,fan
dfentertainmentfnetworks.fHappyfInc.frecentlyfacquiredf
BCDfinfhopesfoffboostingfitsfprimaryfbusinessfofffamilyfe
ntertainment.

o WhichftypefoffcorporatefstrategyfisfrepresentedfbyfHapp
yfInc.'sfpurchasefofftheirfdistributionfnetwork?

o Choosef1fanswer
o Verticalfintegration

, o Strategicfalliances
o Networking
o Horizontalfbenchmarking

o Strategicfvisionf-fCORRECTfANSWER-
Aflocalfbusinessfhasfprovidedfservicesftofitsfcustomersff
orf40fyears.fThefbusiness'sfmissionfisf"Tofgivefourfcusto
mersfthefbestfservicefinftown."fThefownerfoffthefbusines
sfhasfhadfaflong-
standingfdreamftoffranchisefthefbusinessfandfbecomefth
efbestfproviderfoffitsfservicefinfthefUnitedfStates.

o Whatfdescribesfthefowner'sfdream?

o Choosef1fanswer
o Strategicfvision
o Strategicfmission
o Strategicfplanning
o Strategicfmanagement

o Developingfafstrategicfmissionf-fCORRECTfANSWER-
Whatfisftheffirstfstepfofforganizationalfstrategicfplanning
?

o Choosef1fanswer
o Developingfoperationalfgoals
o Developingfinternalfstrengths
o Developingfafstrategicfmission
o Developingfexternalfopportunities