WGU C483 Principle of Management
FINAL EXAM 2026-2027
KEY CONCEPTS WITH ANSWERS
ULTIMATE GUIDE 100%
GUARANTEED
PASS (Everything you need To Pass)
1. Which conflict-management style involves cooperation
on behalf of the other party but little assertiveness
regarding one's own interests?
A. Competing
B. Accommodation
C. Collaboration
D. Avoidance
CORRECT ANSWER: B. Accommodation
Explanation:
Accommodation emphasizes cooperation and meeting the
other party's concerns while placing relatively little emphasis
,on one's own interests. It may be appropriate when preserving
the relationship is more important than pursuing one's
preferred outcome.
2. What does accountability mean in an organization?
A. The right to make decisions without consequences
B. The expectation that employees perform their jobs, take
corrective action when needed, and report performance
upward
C. The process of hiring new employees
D. The elimination of employee responsibilities
CORRECT ANSWER: B. The expectation that employees
perform their jobs, take corrective action when needed,
and report performance upward
Explanation:
Accountability means employees are responsible for carrying
out assigned responsibilities and reporting the status and
quality of their performance. It also includes taking corrective
action when performance does not meet expectations.
,3. What is the purpose of accounting audits?
A. To create advertisements
B. To verify accounting reports and statements
C. To recruit employees
D. To determine employee satisfaction
CORRECT ANSWER: B. To verify accounting reports
and statements
Explanation:
Accounting audits involve systematic procedures used to
examine and verify financial reports and statements. Auditing
helps determine whether financial information is accurate and
reliable.
4. What is an acquisition?
A. One firm buying another
B. An employee changing departments
C. A company selling its products
D. Two employees resolving a conflict
CORRECT ANSWER: A. One firm buying another
, Explanation:
An acquisition occurs when one organization purchases
another organization. The acquiring firm obtains control of
the acquired company or its assets as part of the transaction.
5. What is activity-based costing (ABC)?
A. A method for recruiting employees
B. A cost-accounting method that allocates costs according to
activities and resource use
C. A leadership development technique
D. A method of calculating employee turnover
CORRECT ANSWER: B. A cost-accounting method that
allocates costs according to activities and resource use
Explanation:
Activity-based costing identifies major activities or processes
and assigns costs according to the resources consumed by
those activities. This can provide a more detailed
understanding of how organizational processes generate costs.
FINAL EXAM 2026-2027
KEY CONCEPTS WITH ANSWERS
ULTIMATE GUIDE 100%
GUARANTEED
PASS (Everything you need To Pass)
1. Which conflict-management style involves cooperation
on behalf of the other party but little assertiveness
regarding one's own interests?
A. Competing
B. Accommodation
C. Collaboration
D. Avoidance
CORRECT ANSWER: B. Accommodation
Explanation:
Accommodation emphasizes cooperation and meeting the
other party's concerns while placing relatively little emphasis
,on one's own interests. It may be appropriate when preserving
the relationship is more important than pursuing one's
preferred outcome.
2. What does accountability mean in an organization?
A. The right to make decisions without consequences
B. The expectation that employees perform their jobs, take
corrective action when needed, and report performance
upward
C. The process of hiring new employees
D. The elimination of employee responsibilities
CORRECT ANSWER: B. The expectation that employees
perform their jobs, take corrective action when needed,
and report performance upward
Explanation:
Accountability means employees are responsible for carrying
out assigned responsibilities and reporting the status and
quality of their performance. It also includes taking corrective
action when performance does not meet expectations.
,3. What is the purpose of accounting audits?
A. To create advertisements
B. To verify accounting reports and statements
C. To recruit employees
D. To determine employee satisfaction
CORRECT ANSWER: B. To verify accounting reports
and statements
Explanation:
Accounting audits involve systematic procedures used to
examine and verify financial reports and statements. Auditing
helps determine whether financial information is accurate and
reliable.
4. What is an acquisition?
A. One firm buying another
B. An employee changing departments
C. A company selling its products
D. Two employees resolving a conflict
CORRECT ANSWER: A. One firm buying another
, Explanation:
An acquisition occurs when one organization purchases
another organization. The acquiring firm obtains control of
the acquired company or its assets as part of the transaction.
5. What is activity-based costing (ABC)?
A. A method for recruiting employees
B. A cost-accounting method that allocates costs according to
activities and resource use
C. A leadership development technique
D. A method of calculating employee turnover
CORRECT ANSWER: B. A cost-accounting method that
allocates costs according to activities and resource use
Explanation:
Activity-based costing identifies major activities or processes
and assigns costs according to the resources consumed by
those activities. This can provide a more detailed
understanding of how organizational processes generate costs.
