WGU C483 PRINCIPLES OF
MANAGEMENT PRACTICE EXAM
QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE
2026/2027 GRADED A+ .
, 1. A value chain is the sequence of activities that begins with raw materials. What result does a value chain end
with? ✔✔ CORRECT ANSWER delivery of products and services
2. what happens when an effective value chain is created ✔✔ CORRECT ANSWER profit margins are increased
3. industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process
✔✔ CORRECT ANSWER analysis of exteral opportunities and threats
4. skilled management, positive cash flow, and well known brands are exam-ples of which component of the
SWOT analysis ✔✔ CORRECT ANSWER strengths
5. what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization
✔✔ CORRECT ANSWER core competencies
6. according to michael porters competitive environment model, how can sup-pliers influence strategic planning ✔✔
CORRECT ANSWER uppliers can reduce manufacturing time and increase product quality
7. a company offers unique products in its industry to create a competitive advantage. which type of strategy is
the company using ✔✔ CORRECT ANSWER customization
8. happy inc., is a leading provider of family entertainment and BCD is a broadcasting company with news, cable
and entertainment networks. happy inc., recently acquired BCD in hopes of boosting its primary business of
family entertainment. which type of corporate strategy is represented by happy inc.'s purchase of their distribution
network ✔✔ CORRECT ANSWER vertical integration
9. what is the first step of organizational strategic planning? ✔✔ CORRECT ANSWER developing internal
strengths
10. a local business has provided services to its customers for 40 years. the business's mission is "to give our
customers the best service in town" the owner of the business has had a long-standing dream to franchise the
busi-ness and become the best provider of its services in the united states. what describes the owners dream? ✔✔
CORRECT ANSWER strategic planning
11. the introduction of statistical tools to analyze the causes of product defects
is associated with which quality improvement approach? ✔✔ CORRECT ANSWER six sigma
12. what is the principal idea of reengineering ✔✔ CORRECT ANSWER to revolutionize key organizational systems and processes
MANAGEMENT PRACTICE EXAM
QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE
2026/2027 GRADED A+ .
, 1. A value chain is the sequence of activities that begins with raw materials. What result does a value chain end
with? ✔✔ CORRECT ANSWER delivery of products and services
2. what happens when an effective value chain is created ✔✔ CORRECT ANSWER profit margins are increased
3. industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process
✔✔ CORRECT ANSWER analysis of exteral opportunities and threats
4. skilled management, positive cash flow, and well known brands are exam-ples of which component of the
SWOT analysis ✔✔ CORRECT ANSWER strengths
5. what denotes skill or expertise in an activity that constitutes the roots of competitiveness in an organization
✔✔ CORRECT ANSWER core competencies
6. according to michael porters competitive environment model, how can sup-pliers influence strategic planning ✔✔
CORRECT ANSWER uppliers can reduce manufacturing time and increase product quality
7. a company offers unique products in its industry to create a competitive advantage. which type of strategy is
the company using ✔✔ CORRECT ANSWER customization
8. happy inc., is a leading provider of family entertainment and BCD is a broadcasting company with news, cable
and entertainment networks. happy inc., recently acquired BCD in hopes of boosting its primary business of
family entertainment. which type of corporate strategy is represented by happy inc.'s purchase of their distribution
network ✔✔ CORRECT ANSWER vertical integration
9. what is the first step of organizational strategic planning? ✔✔ CORRECT ANSWER developing internal
strengths
10. a local business has provided services to its customers for 40 years. the business's mission is "to give our
customers the best service in town" the owner of the business has had a long-standing dream to franchise the
busi-ness and become the best provider of its services in the united states. what describes the owners dream? ✔✔
CORRECT ANSWER strategic planning
11. the introduction of statistical tools to analyze the causes of product defects
is associated with which quality improvement approach? ✔✔ CORRECT ANSWER six sigma
12. what is the principal idea of reengineering ✔✔ CORRECT ANSWER to revolutionize key organizational systems and processes
