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WGU C483 PRINCIPLES OF MANAGEMENT FINAL
EXAM ACCURATE AND FREQUENTLY TESTED
QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE UPDATE WITH EXPERT
VERIFIED SOLUTIONS|| SURE PASS
assessment center - ANSWER: 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
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.
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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
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.
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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?
ANSWERS 2024-2025 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.
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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.
Strategic Vision - ANSWER: The long-term direction and strategic intent of a
company.
WGU C483 PRINCIPLES OF MANAGEMENT FINAL
EXAM ACCURATE AND FREQUENTLY TESTED
QUESTIONS AND 100% CORRECT ANSWERS||
LATEST AND COMPLETE UPDATE WITH EXPERT
VERIFIED SOLUTIONS|| SURE PASS
assessment center - ANSWER: 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
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.
,2|Page
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
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.
,3|Page
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?
ANSWERS 2024-2025 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.
, 4|Page
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.
Strategic Vision - ANSWER: The long-term direction and strategic intent of a
company.
