WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
1.)The planning level with the shortest time horizon is known as _____ planning. 4.)A _____ system is a component of the strategic management process designed
to support managers in evaluating the organization's progress
A)operational
with its strategy and, when discrepancies exist, taking corrective action.
B)tactical
A)span of control
C)managerial
B)strategic control
D)developmental
C)strategic support
E)vertical - ANSWER--A
D)dynamic network
E)strategic integration - ANSWER--B
2.)The planning process is similar to the _____ process in that both have a series of
steps that are typically repeated in a cycle.
A)strategy-mapping 5.)The strategy an organization uses to build competitive advantage by being
unique in its industry or market segment along one or more
B)tactical alignment
dimensions is known as a(n) _____ strategy.
C)goal-setting
A)integrated
D)decision-making
B)differentiation
E)environmental analysis - ANSWER--D
C)functional
D)low-cost
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as
a(n): E)concentration - ANSWER--B
A)weakness and a threat.
B)weakness. 6.)Which of the following is one among the six components of the strategic
management process?
C)strength.
A)Skill improvement plan
D)opportunity.
B)Technology assessment
E)threat. - ANSWER--B
, WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
C)Stakeholder analysis 9.)_____ is considered as an activity of the external environment of an
organization.
D)SWOT analysis
Refer To: Table 4.1
E)Stockholder reporting - ANSWER--D
A)Human resources assessment
B)Financial analysis
7.)Which of the following takes place after a firm formulates its strategy?
C)Marketing Audit
A)Establishment of mission, vision, and goals
D)Macroeconomic Analysis
B)Analysis of external opportunities and threats
E)Operations Analysis - ANSWER--D
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
10.)Benchmarking is the process of assessing how well one company's basic
E)SWOT analysis - ANSWER--C
functions and skills compare with:
A)government standards.
8.)A vertical integration strategy is a strategy:
B)supplier and distributor requirements.
A)used to add new businesses that produce related products or are involved in
C)those of another company.
related markets and activities.
D)customer expectations.
B)that involves expanding the domain of the organization into supply channels or
to distributors. E)stockholder demands. - ANSWER--C
C)employed for an organization that operates a single business and competes in a
single industry.
11.)_____ include sets of actions to be taken when a company's initial plans have
D)used to add new businesses that produce unrelated products or are involved in not worked well or if events in the external environment require
unrelated markets and activities.
a sudden change.
E)an organization uses to build competitive advantage by being unique in its
A)Functional plans
industry or market segment along one or more dimensions. - ANSWER--B
B)Contingency plans
C)Strategic maps
, WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
D)Differentiation strategies C)PERT chart
E)Business incubators - ANSWER--B D)decision tree
E)strategy map - ANSWER--E
12.)Which of the following is true of operational planning?
A)It is a long-term plan spanning over three years. 15.)_____ provides individuals and work units with a clear map to follow in future
activities.
B)It is performed by top level managers.
A)Planning
C)It identifies specific plans and procedures.
B)Charting
D)It focuses only on processes required in the higher organizational levels.
C)A mission statement
E)It translates broad strategic goals into specific goals. - ANSWER--C
D)A BCG matrix
E)Staffing - ANSWER--A
13.)The most effective _____ statements inspire organization members, offering a
worthwhile target for the entire organization to work together
to achieve. 16.)A _____ is the knowledge, expertise, or skill that underlies a company's ability
to be a leader in providing a range of specific goods or services.
A)vision
A)knowledge flow
B)operation
B)continuous process
C)business definition
C)cognitive ability
D)financial
D)core capability
E)quality - ANSWER--A
E)dynamic network - ANSWER--D
14.)A(n) _____ illustrates the four key drivers of a firm's long-term success, and
shows how goals in each area are linked to others. A multifaceted process focusing on creating two-way exchanges with customers to
foster intimate knowledge of their needs, wants, and buying patterns is called
A)objective script
_____ management.
B)GANTT chart
A)customer relationship
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
1.)The planning level with the shortest time horizon is known as _____ planning. 4.)A _____ system is a component of the strategic management process designed
to support managers in evaluating the organization's progress
A)operational
with its strategy and, when discrepancies exist, taking corrective action.
B)tactical
A)span of control
C)managerial
B)strategic control
D)developmental
C)strategic support
E)vertical - ANSWER--A
D)dynamic network
E)strategic integration - ANSWER--B
2.)The planning process is similar to the _____ process in that both have a series of
steps that are typically repeated in a cycle.
A)strategy-mapping 5.)The strategy an organization uses to build competitive advantage by being
unique in its industry or market segment along one or more
B)tactical alignment
dimensions is known as a(n) _____ strategy.
C)goal-setting
A)integrated
D)decision-making
B)differentiation
E)environmental analysis - ANSWER--D
C)functional
D)low-cost
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as
a(n): E)concentration - ANSWER--B
A)weakness and a threat.
B)weakness. 6.)Which of the following is one among the six components of the strategic
management process?
C)strength.
A)Skill improvement plan
D)opportunity.
B)Technology assessment
E)threat. - ANSWER--B
, WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
C)Stakeholder analysis 9.)_____ is considered as an activity of the external environment of an
organization.
D)SWOT analysis
Refer To: Table 4.1
E)Stockholder reporting - ANSWER--D
A)Human resources assessment
B)Financial analysis
7.)Which of the following takes place after a firm formulates its strategy?
C)Marketing Audit
A)Establishment of mission, vision, and goals
D)Macroeconomic Analysis
B)Analysis of external opportunities and threats
E)Operations Analysis - ANSWER--D
C)Strategy implementation
D)Analysis of internal strengths and weaknesses
10.)Benchmarking is the process of assessing how well one company's basic
E)SWOT analysis - ANSWER--C
functions and skills compare with:
A)government standards.
8.)A vertical integration strategy is a strategy:
B)supplier and distributor requirements.
A)used to add new businesses that produce related products or are involved in
C)those of another company.
related markets and activities.
D)customer expectations.
B)that involves expanding the domain of the organization into supply channels or
to distributors. E)stockholder demands. - ANSWER--C
C)employed for an organization that operates a single business and competes in a
single industry.
11.)_____ include sets of actions to be taken when a company's initial plans have
D)used to add new businesses that produce unrelated products or are involved in not worked well or if events in the external environment require
unrelated markets and activities.
a sudden change.
E)an organization uses to build competitive advantage by being unique in its
A)Functional plans
industry or market segment along one or more dimensions. - ANSWER--B
B)Contingency plans
C)Strategic maps
, WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL WGU C483 PRINCIPLES OF MANAGEMENT OA FINAL
EXAM LATEST 2024 TEST BANK QUESTIONS AND EXAM LATEST 2024 TEST BANK QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+ |ALREADY GRADED A+
D)Differentiation strategies C)PERT chart
E)Business incubators - ANSWER--B D)decision tree
E)strategy map - ANSWER--E
12.)Which of the following is true of operational planning?
A)It is a long-term plan spanning over three years. 15.)_____ provides individuals and work units with a clear map to follow in future
activities.
B)It is performed by top level managers.
A)Planning
C)It identifies specific plans and procedures.
B)Charting
D)It focuses only on processes required in the higher organizational levels.
C)A mission statement
E)It translates broad strategic goals into specific goals. - ANSWER--C
D)A BCG matrix
E)Staffing - ANSWER--A
13.)The most effective _____ statements inspire organization members, offering a
worthwhile target for the entire organization to work together
to achieve. 16.)A _____ is the knowledge, expertise, or skill that underlies a company's ability
to be a leader in providing a range of specific goods or services.
A)vision
A)knowledge flow
B)operation
B)continuous process
C)business definition
C)cognitive ability
D)financial
D)core capability
E)quality - ANSWER--A
E)dynamic network - ANSWER--D
14.)A(n) _____ illustrates the four key drivers of a firm's long-term success, and
shows how goals in each area are linked to others. A multifaceted process focusing on creating two-way exchanges with customers to
foster intimate knowledge of their needs, wants, and buying patterns is called
A)objective script
_____ management.
B)GANTT chart
A)customer relationship
