WGU C483 TEST PREP - PRINCIPLES OF
MANAGEMENT – 105 COMPREHENSIVE
QUESTIONS AND ANSWERS 2025/2026
This Test Contains
➢ 105 Comprehensive Questions
➢ Multi Choice quizzes 1-4
➢ 1 Answer Choice from A-D with Correct Answer Provided
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services - The correct answer is Delivery of products or
services What happens when an effective value chain is created?
,Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required. - The correct answer is Profit margins are
increased.
Industry and market analysis, competitor analysis, and social analysis are examples of which
step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses - The correct answer is Analysis of external
opportunities and threats
Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities - The correct answer is Strengths
What denotes skills or expertise in an activity that constitutes the roots of competitiveness in
an organization?
Choose 1 answer
,Strategic values
Core competencies
Products and services
Opportunities and threats - The correct answer is Core competencies
According to Michael Porter's competitive environment model, how can suppliers influence
strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the environment. - The
correct answer is Suppliers can reduce manufacturing time and increase product quality.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization - The correct answer is Differentiation
Happy Inc. is a leading provider of family entertainment and BCD is a broadcasting company
with news, cable, and entertainment networks. Happy Inc. recently acquired BCD in hopes of
boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s purchase of their distribution
network?
, Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking - The correct answer is Vertical integration
A local business has provided services to its customers for 40 years. The business's mission is
"To give our customers the best service in town." The owner of the business has had a long-
standing dream to franchise the business and become the best provider of its service in the
United States.
What describes the owner's dream?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management - The correct answer is Strategic
vision What is the first step of organizational strategic
planning?
Choose 1 answer
Developing operational goals
MANAGEMENT – 105 COMPREHENSIVE
QUESTIONS AND ANSWERS 2025/2026
This Test Contains
➢ 105 Comprehensive Questions
➢ Multi Choice quizzes 1-4
➢ 1 Answer Choice from A-D with Correct Answer Provided
A value chain is the sequence of activities that begins with raw materials.
What result does a value chain end with?
Choose 1 answer
Supply and demand
Operations and logistics
Outsourcing or insourcing
Delivery of products or services - The correct answer is Delivery of products or
services What happens when an effective value chain is created?
,Choose 1 answer
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required. - The correct answer is Profit margins are
increased.
Industry and market analysis, competitor analysis, and social analysis are examples of which
step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses - The correct answer is Analysis of external
opportunities and threats
Skilled management, positive cash flow, and well-known brands are examples of which
component of the SWOT analysis?
Threats
Strengths
Weaknesses
Opportunities - The correct answer is Strengths
What denotes skills or expertise in an activity that constitutes the roots of competitiveness in
an organization?
Choose 1 answer
,Strategic values
Core competencies
Products and services
Opportunities and threats - The correct answer is Core competencies
According to Michael Porter's competitive environment model, how can suppliers influence
strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in the environment. - The
correct answer is Suppliers can reduce manufacturing time and increase product quality.
A company offers unique products in its industry to create a competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization - The correct answer is Differentiation
Happy Inc. is a leading provider of family entertainment and BCD is a broadcasting company
with news, cable, and entertainment networks. Happy Inc. recently acquired BCD in hopes of
boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s purchase of their distribution
network?
, Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking - The correct answer is Vertical integration
A local business has provided services to its customers for 40 years. The business's mission is
"To give our customers the best service in town." The owner of the business has had a long-
standing dream to franchise the business and become the best provider of its service in the
United States.
What describes the owner's dream?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management - The correct answer is Strategic
vision What is the first step of organizational strategic
planning?
Choose 1 answer
Developing operational goals
