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Exam (elaborations)
WGU C483 Principles of Management Study Guide
Accommodation - A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests 
 
Accountability - 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 - Procedures used to verify accounting reports and statements 
 
Acquisition - One firm buying another 
 
Activity-based costing (ABC) - A...
Exam (elaborations)
C483 WGU Principles of Management Test Prep.
Delivery of products or services - 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 
 
Profit margins are increased. - What happens when an effective value chain is created? 
 
Choose 1 answer 
Profit margins are increased. 
A mission statement is developed. 
Customized products are standar...
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WGU C483 Principles of Management Bundle Set
WGU C483 Principles of Management Bundle Set
Exam (elaborations)
WGU C483 Practice Test questions with correct answers
1.)The planning level with the shortest time horizon is known as _____ planning. 
A)operational 
B)tactical 
C)managerial 
D)developmental 
E)vertical - Answer A 
 
2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. 
A)strategy-mapping 
B)tactical alignment 
C)goal-setting 
D)decision-making 
E)environmental analysis - Answer D 
 
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(...
Exam (elaborations)
Principles of Management Practice Questions C483 WGU(scored A)
A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - ANSWER delivery of products and services 
 
what happens when an effective value chain is created - ANSWER profit margins are increased 
 
industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process - ANSWER analysis of exteral opportunities and threats 
 
skilled management, positive cash flow, and well known brands are...
Exam (elaborations)
Test Prep - WGU - Principles of Management - C483 Q&A
Delivery of products or services - ANSWER 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 
 
Profit margins are increased. - ANSWER What happens when an effective value chain is created? 
 
Choose 1 answer 
Profit margins are increased. 
A mission statement is developed. 
Customized products are stand...
Exam (elaborations)
Test Prep - WGU - Principles of Management - C483 with complete solution
Test Prep - WGU - Principles of Management - C483