WGU Principles of Management - C483 questions with correct answers

Bureaucratic control deals with: - Answer rules and regulations. Which type of control system depends on pricing mechanisms and economic information to regulate activities within an organization? - Answer Market control _____ control systems are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance achieves managers' objectives. - Answer Bureaucratic The principle of _____ states that only cases with significant deviation from the standard require corrective action, and that managers need not be concerned with performance that equals or closely approximates the expected results. - Answer exception When legal experts advise companies to establish policies forbidding disclosure of proprietary information, they are exercising _____ control. - Answer feedforward A common disadvantage of _____ control is the long time lags that often occur between performance and review, slowing down managerial response. - Answer feedback _____ refers to focusing on short-term earnings and profits at the expense of longer-term strategic obligations. - Answer Management myopia