WGU D073 Study Guide Questions 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
Legitimate 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 functions of a manager? - CORRECT ANSWERS Planning: develop a
roadmap or series of objectives that must be met to achieve the goals of the organization
Organizing: using resources in the most effective way, assigning tasks, delegating
responsibilities, and determining who is reportable to whom in the organization
Negotiating: managers must be influential leaders who can negotiate between parties,
complete tasks, and lead employees
, Controlling: process of monitoring progress and correcting for any veering off the path
Name all the parts to the Strategic Management Process. Describe each in detail. - CORRECT
ANSWERS Strategic objectives: SWOT analysis is used to perform both a thorough internal
investigation to assess its strengths(S), weaknesses(W) and an appraisal of the external
competitive environment looking for any opportunities(O), or threats (T). PESTLE can be used to
evaluate political, economic, social, technological, environmental, and legal facts that may affect
an organizations strategy
Strategic formulation: goals and objectives are written based on the information obtained from
the PESTLE and SWOT analyses. Goals are broad, primary outcomes the organization is hoping
to achieve
Strategic implementation: when the planning stops, and the action begins. Employees in the
organization should be aware of their assignments, responsibility, and authority
Strategic evaluation and control: performance measurements will help determine if crucial
milestones are being met. Corrective actions 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 definitions for the series
of budgets that operationalize the organization'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 operating budget) and a
projected balance sheet (financial budget) showing the organizations objectives and proposed
ways of attaining 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
Legitimate 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 functions of a manager? - CORRECT ANSWERS Planning: develop a
roadmap or series of objectives that must be met to achieve the goals of the organization
Organizing: using resources in the most effective way, assigning tasks, delegating
responsibilities, and determining who is reportable to whom in the organization
Negotiating: managers must be influential leaders who can negotiate between parties,
complete tasks, and lead employees
, Controlling: process of monitoring progress and correcting for any veering off the path
Name all the parts to the Strategic Management Process. Describe each in detail. - CORRECT
ANSWERS Strategic objectives: SWOT analysis is used to perform both a thorough internal
investigation to assess its strengths(S), weaknesses(W) and an appraisal of the external
competitive environment looking for any opportunities(O), or threats (T). PESTLE can be used to
evaluate political, economic, social, technological, environmental, and legal facts that may affect
an organizations strategy
Strategic formulation: goals and objectives are written based on the information obtained from
the PESTLE and SWOT analyses. Goals are broad, primary outcomes the organization is hoping
to achieve
Strategic implementation: when the planning stops, and the action begins. Employees in the
organization should be aware of their assignments, responsibility, and authority
Strategic evaluation and control: performance measurements will help determine if crucial
milestones are being met. Corrective actions 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 definitions for the series
of budgets that operationalize the organization'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 operating budget) and a
projected balance sheet (financial budget) showing the organizations objectives and proposed
ways of attaining them
