C 483 WGU Principles of Management
Exam Questions and Answers Graded A+
What is Accommodation in the context of conflict resolution? - Correct answer-A
style of dealing with conflict involving cooperation on behalf of the other party but
not being assertive about one's own interests
What do Accounting audits involve? - Correct answer-Verifying accounting reports
and statements
What does Acquisition refer to in a business context? - Correct answer-One firm
buying another
What is Activity-Based Costing (ABC) used for in cost accounting? - Correct
answer-Identifying streams of activity and allocating costs based on employee
salaries
What do Adapters do in the business context? - Correct answer-Follow industry
trends without making strategic choices
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,What is Adverse impact in employment practices? - Correct answer-When a
seemingly neutral employment practice has a disproportionately negative effect on
a protected group
What does the Advertising support model involve? - Correct answer-Charging fees
to advertise on a site
What is affective conflict characterized by? - Correct answer-Emotional
disagreement directed toward other people
What does the affiliate model in business involve? - Correct answer-Charging fees
to direct site visitors to other companies' sites
What is Affirmative action in the workplace? - Correct answer-Special efforts to
recruit and hire qualified members of groups that have been discriminated against
in the past
What does Alderfer's ERG theory propose? - Correct answer-A human needs
theory postulating that people have three basic sets of needs that can operate
simultaneously
What is arbitration in the context of labor disputes? - Correct answer-The use of a
neutral third party to resolve labor dispute
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,What is the purpose of an assessment center in the context of managerial
performance? - Correct answer-A managerial performance test in which candidates
participate in a variety of exercises and situations
In financial terms, what do assets represent? - Correct answer-The values of the
various items the corporation owns
How would you define Authentic leadership? - Correct answer-A style in which the
leader is true to himself or herself while leading
What characterizes autocratic leadership? - Correct answer-A form of leadership in
which the leader makes decisions on his or her own and then announces those
decisions to the group
What is the role of autonomous work groups in a business setting? - Correct
answer-Controlling decisions about and execution of a complete range of tasks
How would you describe avoidance as a reaction to conflict? - Correct answer-
Ignoring the problem by doing nothing at all, or deemphasizing the disagreement
What does a balance sheet show about a company? - Correct answer-The financial
picture at a given time, itemizing assets, liabilities, and stockholders' equity.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, What does the balanced scorecard combine in its control system? - Correct answer-
Four sets of performance measures: Financial, customer business process, and
learning and growth
What are barriers to entry in the context of business? - Correct answer-Conditions
that prevent new companies from leaving an industry
How is the behavioral approach defined in leadership? - Correct answer-
Identifying what good leaders do, specifically the behaviors they exhibit
What does benchmarking involve? - Correct answer-Comparing an organization's
practices and technologies with those of other companies
What is Bootlegging in the context of work? - Correct answer-Informal work on
projects, other than those officially assigned, of employees' own choosing and
initiative
How is a boundaryless organization defined? - Correct answer-An organization in
which there are no barriers to information flow
What is bounded rationality? - Correct answer-A less-than-perfect form of
rationality where decisions are complex and complete information is unavailable or
cannot be fully processed
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
Exam Questions and Answers Graded A+
What is Accommodation in the context of conflict resolution? - Correct answer-A
style of dealing with conflict involving cooperation on behalf of the other party but
not being assertive about one's own interests
What do Accounting audits involve? - Correct answer-Verifying accounting reports
and statements
What does Acquisition refer to in a business context? - Correct answer-One firm
buying another
What is Activity-Based Costing (ABC) used for in cost accounting? - Correct
answer-Identifying streams of activity and allocating costs based on employee
salaries
What do Adapters do in the business context? - Correct answer-Follow industry
trends without making strategic choices
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,What is Adverse impact in employment practices? - Correct answer-When a
seemingly neutral employment practice has a disproportionately negative effect on
a protected group
What does the Advertising support model involve? - Correct answer-Charging fees
to advertise on a site
What is affective conflict characterized by? - Correct answer-Emotional
disagreement directed toward other people
What does the affiliate model in business involve? - Correct answer-Charging fees
to direct site visitors to other companies' sites
What is Affirmative action in the workplace? - Correct answer-Special efforts to
recruit and hire qualified members of groups that have been discriminated against
in the past
What does Alderfer's ERG theory propose? - Correct answer-A human needs
theory postulating that people have three basic sets of needs that can operate
simultaneously
What is arbitration in the context of labor disputes? - Correct answer-The use of a
neutral third party to resolve labor dispute
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,What is the purpose of an assessment center in the context of managerial
performance? - Correct answer-A managerial performance test in which candidates
participate in a variety of exercises and situations
In financial terms, what do assets represent? - Correct answer-The values of the
various items the corporation owns
How would you define Authentic leadership? - Correct answer-A style in which the
leader is true to himself or herself while leading
What characterizes autocratic leadership? - Correct answer-A form of leadership in
which the leader makes decisions on his or her own and then announces those
decisions to the group
What is the role of autonomous work groups in a business setting? - Correct
answer-Controlling decisions about and execution of a complete range of tasks
How would you describe avoidance as a reaction to conflict? - Correct answer-
Ignoring the problem by doing nothing at all, or deemphasizing the disagreement
What does a balance sheet show about a company? - Correct answer-The financial
picture at a given time, itemizing assets, liabilities, and stockholders' equity.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, What does the balanced scorecard combine in its control system? - Correct answer-
Four sets of performance measures: Financial, customer business process, and
learning and growth
What are barriers to entry in the context of business? - Correct answer-Conditions
that prevent new companies from leaving an industry
How is the behavioral approach defined in leadership? - Correct answer-
Identifying what good leaders do, specifically the behaviors they exhibit
What does benchmarking involve? - Correct answer-Comparing an organization's
practices and technologies with those of other companies
What is Bootlegging in the context of work? - Correct answer-Informal work on
projects, other than those officially assigned, of employees' own choosing and
initiative
How is a boundaryless organization defined? - Correct answer-An organization in
which there are no barriers to information flow
What is bounded rationality? - Correct answer-A less-than-perfect form of
rationality where decisions are complex and complete information is unavailable or
cannot be fully processed
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
