WGU C201 BUSINESS ACUMEN QUESTIONS
WITH ACCURATE ANSWERS.
What,is,Management?,,,ANS,-
Management,is,the,process,of,achieving,Organizational,objectives,through,people,and,other,resources.,T
he,Manager's,job,is,to,combine,Human,and,Technical,resources,in,the,best,way,possible,to,achieve,the,co
mpany's,goals.
How,do,the,jobs,of,top,managers,,middle,managers,,and,supervisory,managers,differ?,,,ANS,-
Top,managers,design,long,term,plans,,set,a,direction,for,their,organization,and,inspire,all,employees,to,ac
hieve,the,company's,vision.,Middle,managers,focus,on,the,specific,mission,and,operations,,products,,or,c
ustomers.,They,develop,procedures,to,implement,the,company's,strategic,plans.,Supervisory,interact,dire
ctly,with,non-
management,employees,,who,produce,and,sell,the,companies,goods,and,services.,They,are,responsible,f
or,implementing,the,plans,developed,by,middle,managers,and,motivating,workers,to,accomplish,daily,,w
eekly,,and,monthly,goals.
What,is,the,relationship,between,the,managers,planning,and,controlling,functions?,,,ANS,-
Controlling,assess,the,success,of,the,planning,function.,Controlling,also,produces,feedback,for,the,next,ro
und,of,planning.
What,is,meant,by,a,vision,for,the,company?,,,ANS,-
A,vision,serves,as,a,target,for,the,company's,actions,,helping,direct,the,company,towards,opportunities,a
nd,differentiating,it,from,its,competitors.
Why,is,it,important,for,a,top,executive,to,set,high,ethical,standards?,,,ANS,-
High,ethical,standards,often,result,in,a,stable,workforce,,job,satisfaction,,and,customer,loyalty.
Outline,the,planning,process.,,,ANS,-
Some,plans,are,very,broad,and,long,range,,focusing,on,key,organizational,objectives;,others,are,more,det
ailed,and,specify,how,particular,objectives,will,be,achieved.,From,the,mission,statement,to,objectives,to,s
pecific,plans,,each,phase,must,fit,into,comprehensive,planning,framework.
Describe,the,purpose,of,tactical,planning.,,,ANS,-
The,purpose,of,tactical,planning,is,to,determine,which,short-
term,activities,should,be,implemented,to,accomplish,the,companies,overall,strategy.
, Compare,the,kinds,of,plans,made,by,top,managers,and,middle,managers.,,,ANS,-
Top,managers,focus,on,long-range,,strategic,plans.,In,contrast,,middle-
level,managers,focus,on,short,term,tactical,planning.
What,is,the,purpose,of,a,mission,statement?,,,ANS,-
A,mission,statement,is,a,companies,written,explanation,of,its,purpose,,the,reason,it,exists,,the,customers,
it,will,serve,,and,how,it,is,different,from,its,competitors.,A,mission,statement,guides,the,actions,of,its,com
pany,,managers,,and,employees.
Which,of,a,company's,characteristics,does,a,SWOT,analysis,compare?,,,ANS,-
Strength,,Weaknesses,,Opportunities,and,Threats,Compared,to,its,competitors.
How,do,managers,use,objectives?,,,ANS,-
Objectives,set,guideposts,by,which,managers,define,the,organizations,desired,performance,in,such,areas,
as,new,product,development,,sales,,customer,service,,and,employee,satisfaction.
Distinguish,between,programmed,and,nonprogrammed,decisions.,,,ANS,-
Programmed,decisions,are,like,ordering,office,supplies,,simple,and,happen,frequently-
,they,are,streamlined.,Non-programmed,are,like,entering,a,new,market,or,launching,a,new,product-
,they,require,more,individual,evaluation.
What,are,they,steps,in,the,decision-making,process?,,,ANS,-
Recognition,of,problem,or,opportunity,,development,of,alternatives,,evaluation,of,alternatives,,selection,
and,implementation,of,chosen,alternative,,and,follow,up,to,determine,the,effectiveness,of,the,decision.
How,is,leadership,defined?,,,ANS,-
Leadership,means,directing,or,inspiring,people,to,attain,certain,organizational,goals.,Effective,leaders,sha
re,several,traits,,such,as,empathy,,self-
awareness,,and,objectivity.,Leaders,also,use,the,power,of,their,job,,expertise,,and,experience,to,influence
,people.
Identify,the,styles,of,leadership,as,they,appear,along,a,continuum,of,greater,or,lesser,employee,participat
ion.,,,ANS,-
One,end,of,the,continuum,Autocratic,leaders,makes,decisions,without,consulting,the,employees.,In,the,m
WITH ACCURATE ANSWERS.
What,is,Management?,,,ANS,-
Management,is,the,process,of,achieving,Organizational,objectives,through,people,and,other,resources.,T
he,Manager's,job,is,to,combine,Human,and,Technical,resources,in,the,best,way,possible,to,achieve,the,co
mpany's,goals.
How,do,the,jobs,of,top,managers,,middle,managers,,and,supervisory,managers,differ?,,,ANS,-
Top,managers,design,long,term,plans,,set,a,direction,for,their,organization,and,inspire,all,employees,to,ac
hieve,the,company's,vision.,Middle,managers,focus,on,the,specific,mission,and,operations,,products,,or,c
ustomers.,They,develop,procedures,to,implement,the,company's,strategic,plans.,Supervisory,interact,dire
ctly,with,non-
management,employees,,who,produce,and,sell,the,companies,goods,and,services.,They,are,responsible,f
or,implementing,the,plans,developed,by,middle,managers,and,motivating,workers,to,accomplish,daily,,w
eekly,,and,monthly,goals.
What,is,the,relationship,between,the,managers,planning,and,controlling,functions?,,,ANS,-
Controlling,assess,the,success,of,the,planning,function.,Controlling,also,produces,feedback,for,the,next,ro
und,of,planning.
What,is,meant,by,a,vision,for,the,company?,,,ANS,-
A,vision,serves,as,a,target,for,the,company's,actions,,helping,direct,the,company,towards,opportunities,a
nd,differentiating,it,from,its,competitors.
Why,is,it,important,for,a,top,executive,to,set,high,ethical,standards?,,,ANS,-
High,ethical,standards,often,result,in,a,stable,workforce,,job,satisfaction,,and,customer,loyalty.
Outline,the,planning,process.,,,ANS,-
Some,plans,are,very,broad,and,long,range,,focusing,on,key,organizational,objectives;,others,are,more,det
ailed,and,specify,how,particular,objectives,will,be,achieved.,From,the,mission,statement,to,objectives,to,s
pecific,plans,,each,phase,must,fit,into,comprehensive,planning,framework.
Describe,the,purpose,of,tactical,planning.,,,ANS,-
The,purpose,of,tactical,planning,is,to,determine,which,short-
term,activities,should,be,implemented,to,accomplish,the,companies,overall,strategy.
, Compare,the,kinds,of,plans,made,by,top,managers,and,middle,managers.,,,ANS,-
Top,managers,focus,on,long-range,,strategic,plans.,In,contrast,,middle-
level,managers,focus,on,short,term,tactical,planning.
What,is,the,purpose,of,a,mission,statement?,,,ANS,-
A,mission,statement,is,a,companies,written,explanation,of,its,purpose,,the,reason,it,exists,,the,customers,
it,will,serve,,and,how,it,is,different,from,its,competitors.,A,mission,statement,guides,the,actions,of,its,com
pany,,managers,,and,employees.
Which,of,a,company's,characteristics,does,a,SWOT,analysis,compare?,,,ANS,-
Strength,,Weaknesses,,Opportunities,and,Threats,Compared,to,its,competitors.
How,do,managers,use,objectives?,,,ANS,-
Objectives,set,guideposts,by,which,managers,define,the,organizations,desired,performance,in,such,areas,
as,new,product,development,,sales,,customer,service,,and,employee,satisfaction.
Distinguish,between,programmed,and,nonprogrammed,decisions.,,,ANS,-
Programmed,decisions,are,like,ordering,office,supplies,,simple,and,happen,frequently-
,they,are,streamlined.,Non-programmed,are,like,entering,a,new,market,or,launching,a,new,product-
,they,require,more,individual,evaluation.
What,are,they,steps,in,the,decision-making,process?,,,ANS,-
Recognition,of,problem,or,opportunity,,development,of,alternatives,,evaluation,of,alternatives,,selection,
and,implementation,of,chosen,alternative,,and,follow,up,to,determine,the,effectiveness,of,the,decision.
How,is,leadership,defined?,,,ANS,-
Leadership,means,directing,or,inspiring,people,to,attain,certain,organizational,goals.,Effective,leaders,sha
re,several,traits,,such,as,empathy,,self-
awareness,,and,objectivity.,Leaders,also,use,the,power,of,their,job,,expertise,,and,experience,to,influence
,people.
Identify,the,styles,of,leadership,as,they,appear,along,a,continuum,of,greater,or,lesser,employee,participat
ion.,,,ANS,-
One,end,of,the,continuum,Autocratic,leaders,makes,decisions,without,consulting,the,employees.,In,the,m
