WGU C483: Principles of Management Exam Full Set of Vocabulary with correct Answers | Latest 2025/2026- Updated.

WGU C483: Principles of Management Exam
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Full Set of Vocabulary with correct Answers |
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Updated. i.-




Mission i.-i.- i.- An organization's basic purpose and scope of operations
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Outsourcing Contracting with an outside provider to produce one
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or more of an organization's goods or services
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Operational planning The process of identifying the specific
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procedures and processes required at lower levels of the organization
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Plans The actions or means managers intend to use to achieve
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organizational goals i.-




Resources i.-i.- i.- Inputs to a system that can enhance performance
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Scenario i.-i.- i.- A narrative that describes a particular set of future
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conditions


Situational analysis A process planners use, within time and
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resource constraints, to gather, interpret, and summarize all
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information relevant to the planning issue under consideration
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,Stakeholders Groups and individuals who affect and are affectedi.-i.- i.- i.- i.- i.- i.- i.- i.- i.- i.-



by the achievement of the organization's mission, goals, and strategies
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Conceptual and decision skills Skills pertaining to the ability to
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identify and resolve problems for the benefit of the organization and its
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members.


Controlling The management function of monitoring performance
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and making needed changes.
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Cost competitiveness
i.- Keeping costs low to achieve profits and be i.-i.- i.- i.- i.- i.- i.- i.- i.- i.- i.-



able to offer prices that are attractive to consumers.
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Emotional intelligence The skills of understanding yourself,
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managing yourself, and dealing effectively with others.
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Frontline managers Lower-level managers who supervise the
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operational activities of the organization. i.- i.- i.- i.-




Innovation i.-i.- i.- The introduction of new goods and services.
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,Interpersonal and communication skills People skills; the ability to
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lead, motivate, and communicate effectively with others.
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Knowledge management Practices aimed at discovering and
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harnessing an organization's intellectual resources.
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Leading The management function that involves the manager's
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efforts to stimulate high performance by employees.
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Management The process of working with people and resources to
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accomplish organizational goals. i.- i.-




Middle-level managers Managers located in the middle layers of
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the organizational hierarchy, reporting to top-level executives.
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Organizing The management function of assembling and
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coordinating human, financial, physical, informational, and other
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resources needed to achieve goals. i.- i.- i.- i.-




Planning The management function of systematically making
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decisions about the goals and activities that an individual, a group, a
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work unit, or the overall organization will pursue.
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Quality i.-i.- i.- The excellence of your product (goods or services).
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, Service the speed and dependability with which an organization
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delivers what customers want.
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Social capital
i.- i.-i.- Goodwill stemming from your social relationships.
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Speed i.-i.- i.- Fast and timely execution, response, and delivery of results.
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Sustainability The effort to minimize the use of resources,
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especially those that are not polluting and nonrenewable.
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Technical skill The ability to perform a specialized task involving a
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particular method or process. i.- i.- i.-




Top-level managers Senior executives responsible for the overall
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management and effectiveness of the organization. i.- i.- i.- i.- i.-




Valuei.-i.-The monetary amount associated with how well a job, task,
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good, or service meets the user's needs.
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Barriers to entryi.- Conditions that prevent new companies from
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entering an industry i.- i.-