WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
assessment center --ANS--A managerial performance test in which
candidates participate in a variety of exercises and situations
Planning - ANSWER--the conscious, systematic process of deciding what
goals and activities a person, group, work unit, or organization will pursue
in the future
,WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
Situational Analysis
(step 1 of planning) - ANSWER--A process planners use to gather, interpret,
and summarize all information relevant to the planning issue under
consideration
Goal
(step 2a) - ANSWER--A target or end that management desires to reach.
Plans
(step 2b) - ANSWER--The actions or means managers intend to use to
achieve organizational goals.
Contingency plan - ANSWER--"What if" plans. Include actions to be taken
if initial plans don't work well or if events demand a sudden change.
Goal and Plan Eval
(step 3) - ANSWER--evaluate advantage, disadvantages, and potential
effects of each goal/plan. Prioritize goals, and eliminate some. Pay attention
to cost and ROI.
Scenario - ANSWER--A narrative that describes a particular set of future
conditions
Planning Steps - ANSWER--1. Situational Analysis
2. Alternative Goals and Plans
3. Goal & Plan Evaluation
,WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
4. Goal & Plan Selection
5. Implementation
6. Monitor & Control
Strategic Planning - ANSWER--A set of procedures for making decisions
about the organization's long-term goals and strategies
Have strong external orientation & cover major portions of the
organization.
Strategic Goals - ANSWER--Major targets or end results relating to the
organization's long-term survival, value, and growth.
-reflect effectiveness and efficiency.
Strategy - ANSWER--A pattern of actions and resource allocations designed
to achieve the organization's goals.
5 questions to ANSWER for EFFECTIVE STRATEGIES - ANSWER--1.
Where will we be active?
2. How will we get there?
3. How will we win in the market?
4. How fast will we move and in what sequence will we make changes?
5. How will we obtain financial returns?
, WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
Tactical Planning - ANSWER--A set of procedures for translating broad
strategic goals and plans into specific goals and plans that are relevant to a
distinct portion of the organization, such as a functional area like
marketing.
Operational Planning - ANSWER--The process of identifying the specific
procedures and processes required at lower levels of the organization.
Strategy Map - ANSWER--a tool for communicating strategic goals and
helping employees to understand the parts they will play in helping to
achieve them. Illustrates 4 key drivers:
1. skills of its people and ability to grow & learn.
2. effectiveness of its internal processes.
3. ability to deliver value to customers.
4. ability to grow its financial assets.
Strategic Management - ANSWER--a process that involves managers from
all parts of the organization in the formulation and the implementation of
strategies and strategic goals
mission - ANSWER--An organization's basic purpose and scope of
operations.
A clear and concise expression of the basic and purpose of the organization.
What the organization does, for whom it does, its basic good or servie, and
its values.
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
assessment center --ANS--A managerial performance test in which
candidates participate in a variety of exercises and situations
Planning - ANSWER--the conscious, systematic process of deciding what
goals and activities a person, group, work unit, or organization will pursue
in the future
,WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
Situational Analysis
(step 1 of planning) - ANSWER--A process planners use to gather, interpret,
and summarize all information relevant to the planning issue under
consideration
Goal
(step 2a) - ANSWER--A target or end that management desires to reach.
Plans
(step 2b) - ANSWER--The actions or means managers intend to use to
achieve organizational goals.
Contingency plan - ANSWER--"What if" plans. Include actions to be taken
if initial plans don't work well or if events demand a sudden change.
Goal and Plan Eval
(step 3) - ANSWER--evaluate advantage, disadvantages, and potential
effects of each goal/plan. Prioritize goals, and eliminate some. Pay attention
to cost and ROI.
Scenario - ANSWER--A narrative that describes a particular set of future
conditions
Planning Steps - ANSWER--1. Situational Analysis
2. Alternative Goals and Plans
3. Goal & Plan Evaluation
,WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
4. Goal & Plan Selection
5. Implementation
6. Monitor & Control
Strategic Planning - ANSWER--A set of procedures for making decisions
about the organization's long-term goals and strategies
Have strong external orientation & cover major portions of the
organization.
Strategic Goals - ANSWER--Major targets or end results relating to the
organization's long-term survival, value, and growth.
-reflect effectiveness and efficiency.
Strategy - ANSWER--A pattern of actions and resource allocations designed
to achieve the organization's goals.
5 questions to ANSWER for EFFECTIVE STRATEGIES - ANSWER--1.
Where will we be active?
2. How will we get there?
3. How will we win in the market?
4. How fast will we move and in what sequence will we make changes?
5. How will we obtain financial returns?
, WGU C483|WGU C483 (PRINCIPLES OF MANAGEMENT)FINAL EXAM 300+
QUESTIONS AND CORRECT DETAILED ANSWERS 2026 VERSION ALREADY A
GRADED
Tactical Planning - ANSWER--A set of procedures for translating broad
strategic goals and plans into specific goals and plans that are relevant to a
distinct portion of the organization, such as a functional area like
marketing.
Operational Planning - ANSWER--The process of identifying the specific
procedures and processes required at lower levels of the organization.
Strategy Map - ANSWER--a tool for communicating strategic goals and
helping employees to understand the parts they will play in helping to
achieve them. Illustrates 4 key drivers:
1. skills of its people and ability to grow & learn.
2. effectiveness of its internal processes.
3. ability to deliver value to customers.
4. ability to grow its financial assets.
Strategic Management - ANSWER--a process that involves managers from
all parts of the organization in the formulation and the implementation of
strategies and strategic goals
mission - ANSWER--An organization's basic purpose and scope of
operations.
A clear and concise expression of the basic and purpose of the organization.
What the organization does, for whom it does, its basic good or servie, and
its values.
