WGU C483 Practice of Management Final Certification In-depth Exam Review Questions with complete Answers 2023/2024

WGU C483 Practice of Management Final Certification In-depth Exam Review Questions with complete Answers 2023/2024 Accommodation - correct answers A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accountability - correct answers The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance Accounting audits - correct answers Procedures used to verify accounting reports and statements Acquisition - correct answers One firm buying another Activity-based costing (ABC) - correct answers A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the amount of time employees devote to particular activities Adapters - correct answers Companies that take the current industry structure and its evolution as givens, and choose where to compete Adverse impact - correct answers When a seemingly neutral employment practice has a disproportionately negative effect on a protected group Advertising support model - correct answers Charging fees to advertise on a site Affective conflict - correct answers Emotional disagreement directed toward other people Affiliate model - correct answers Charging fees to direct site visitors to other companies' sites Affirmative action - correct answers Special efforts to recruit and hire qualified members of groups that have been discriminated against in the past After-action review - correct answers A frank and open-minded discussion of four basic questions aimed at continuous improvement Alderfer's ERG theory - correct answers A human needs theory postulating that people have three basic sets of needs that can operate simultaneously Arbitration - correct answers The use of a neutral third party to resolve a labor dispute Assessment center - correct answers A managerial performance test in which candidates participate in a variety of exercises and situations Assets - correct answers The values of the various items the corporation owns Authentic leadership - correct answers A style in which the leader is true to himself or herself while leading Authority - correct answers The legitimate right to make decisions and to tell other people what to do Autocratic leadership - correct answers A form of leadership in which the leader makes decisions on his or her own and then announces those decisions to the group Autonomous work groups - correct answers Groups that control decisions about and execution of a complete range of tasks Avoidance - correct answers A reaction to conflict that involves ignoring the problem by doing nothing at all or deemphasizing the disagreement Balanced scorecard - correct answers Control system combining four sets of performance measures: financial, customer, business process, and learning and growth Balance sheet - correct answers A report that shows the financial picture of a company at a given time and itemizes assets, liabilities, and stockholders' equity Barriers to entry - correct answers Conditions that prevent new companies from entering an industry Behavioral approach - correct answers A leadership perspective that attempts to identify what good leaders do—that is, what behaviors they exhibit Benchmarking - correct answers The process of comparing an organization's practices and technologies with those of other companies Bootlegging - correct answers Informal work on projects, other than those officially assigned, of employees' own choosing and initiative Boundaryless organization - correct answers Organization in which there are no barriers to information flow Boundary-spanning - correct answers Interacting with people in other groups, thus creating linkages between groups