WGU C483: Principles of Management Practice Questions with Verified Answers |Latest 2025/2026- Graded A.

WGU C483: Principles of Management Practice
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Questions with Verified Answers | Graded A. i.- i.- i.- i.- i.- i.- i.-




What is the FLSA law?
i.- distinguishes between exempt and
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nonexempt employees sets minimum wage, maximum hour, and child
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labor provisions
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What is the EPA act?
i.- The Equal Pay Act prohibits unequal pay for
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men and women who perform equal work
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What is the Pregnancy Discrimination Act?
i.- i.- states that pregnancy is
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a disability and qualifies a woman to receive the same benefits she
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would with any other disability
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What is the ERISA?
i.- The employee retirement income security act
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protects private pension programs from mismanagement. ERISA
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requires that retirement benefits be paid to those who vest or earn a
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right to draw benefits and ensures retirement benefits for employees
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who companies go bankrupt or who cannot meet their personal
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obligations


What is OSHA? i.- Occupational Safety and Health Act requires
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employers to pursue workplace safety i.- i.- i.- i.-

,Describe strategic planning Making decisions about the
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organization's long-term goals and strategies i.- i.- i.- i.-




Describe strategic goals i.- i.- i.-i.- i.- major target long-term goals that are i.- i.- i.- i.- i.- i.-



effective and efficient i.- i.-




describe strategy pattern of actions and resource allocations
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designed to achieve the goals of the organization. 1. Where will we be
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active? 2. How will we get there (increase sales or acquire another
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company)? 3. How will we win the in the marketplace (keep prices low
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or offer the best service)? 4. how fast will we move in what sequence
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will we make the changes? 5.How will we obtain financial returns (low
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cost or premium prices)? *In setting a strategy, managers try to match
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the organization's skills and resources to the opportunities found in the
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external environment. i.-




Explain what a Core Competency/ Capability means for an organization.
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i.- Core Capability: (or competence) when resources are valuable,
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rare, inimitable, and organized. Something company does especially
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well relative to its competitors. (EX: Honda small engine) Core
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competencies typically refers to a set of skills or expertise in some i.- i.- i.- i.- i.- i.- i.- i.- i.- i.- i.- i.-



activity rather than physical or financial assets.
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Porter's 5 Model Porter's 5 Model is a method used to help
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managers analyze the competitive environment and adapt to or
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influence the nature of their competition. i.- i.- i.- i.- i.-

, Describe Porter's 5 Model and how it is used in the strategic planning
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process. 1. understand the competitive environment,
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organization's must identify competitors. i.- i.- i.- i.-




2. analyze how to compete.
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3. new entrants (Netflix took out blockbuster)
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4. substitutes and complements (coke for starbucks; starbucks
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complement is a cake pop) 5. suppliers: switching costs ( fixed costs i.- i.- i.- i.- i.- i.- i.- i.- i.- i.- i.- i.-



buyers face when they change suppliers), supply chain management (
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managing of the network of facilities and people that obtain materials
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from outside the organization, transform them into products, and
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distribute them to customers.) i.- i.- i.-




6. customers: without customers a company wont survive (final
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customer ex: mcdonalds) (Intermediate customer ex: customer who
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purchases raw materials or wholesale products before selling them)
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Explain a SWOT Analysis 1. SWOT analysis: assessment of the
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organization's strengths, weaknesses, opportunities, and threats i.- i.- i.- i.- i.-




2. SWOT analysis helps managers summarize the relevant important
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facts from their external and internal analysis
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SWOT analysis strengths and weaknesses
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weaknesses: interal recources i.- i.-




EX: organization's strengths might include skilled management, positive
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cash flow, and well-known highly regarded brands.
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