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WGU C483 (Actual) Exam 2024 with Correct Solutions Planning - Answer -the conscious, systematic process of deciding what goals and activities a person, group, work unit, or organization will pursue in the future 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 -...

WGU C483- Test Prep- Principles of Management with Correct Solutions Latest Update 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 - Answer -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 dev...

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 or 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 external opportunities and threats Skilled management, positive cash flow, and well-known brands are...

WGU C483 Principles of Management - (Pre-Assessment) Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? Strengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? Core competencies Ac...

WGU - C483 Principles of Management (Full) Exam Solutions Conceptual and decision skills - Answer- Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members. Controlling - Answer- The management function of monitoring performance and making needed changes. Cost competitiveness - Answer- Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers. Emotional intelligence - Answer- The skills of...

WGU C483 Principles of Management Questions with 100% Correct Answers Top-level Managers - Answer- Strategic Managers Middle-level Managers - Answer- Tactical Managers Frontline Managers - Answer- Operational Managers Goals should be: - Answer- S.M.A.R.T. Specific, Measurable, Attainable, Relevant, Time-bound Strategic Planning - Answer- Set of procedures for making decisions about an organization's long-term goals and strategies Have a strong external orientation and cover major porti...

Principles of Management - C483 WGU (Pre-Assessment) Questions and Answers 100% pass Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? - Answer- Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? - Answer- Strengths What denotes skills or expertise in an activity that constitutes the roots of co...

WGU Principles of Management - C483 Questions and Answers 100% Pass Bureaucratic control deals with: - Answer- rules and regulations. Which type of control system depends on pricing mechanisms and economic information to regulate activities within an organization? - Answer- Market control _____ control systems are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance achieves managers' objectives. - Answer- B...

Principles of Management Practice Questions C483 WGU Exam Questions and Answers 100% Pass 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 ...