Principles of Management C483 WGU
Exam Questions and Answers Graded A+
Accommodation - 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
Accounting audits - Correct answer-Procedures used to verify accounting reports
and statements
Activity-Based costing (ABC) - Correct answer-A method of cost accounting
designed to identify streams of activity and then to allocate costs across particular
business processes according to the mount of time employees devote to particular
activities
Adapters - Correct answer-Companies that take the current industry structure and
its evolution as givens, and choose where to compete.
Adverse impact - Correct answer-When a seemingly neutral employment practice
has a disproportionately negative effect on a protected group.
Advertising support model - Correct answer-Charging fees to advertise on a site.
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,affective conflict - Correct answer-Emotional disagreement directed toward other
people
affiliate model - Correct answer-Charging fees to direct site visitors to other
companies' sites
affirmative action - Correct answer-Special efforts to recruit and hire qualified
members of groups that have been discriminated against in the past.
Alderfer's ERG theory - Correct answer-A human needs theory postulating that
people have three basic sets of needs that can operate simultaneously
assessment center - Correct answer-A managerial performance test in which
candidates participate in a variety of exercises and situations.
assets - Correct answer-The values of the various items the corporation owns.
Authentic leadership - Correct answer-A style in which the leader is true to himself
or herself while leading
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
autonomous work groups - Correct answer-Groups that control decisions about and
excution of a complete range of tasks
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,balance sheet - Correct answer-A report that shows the financial picture of a
company at a given time and itemizes assets, liabilities, and stockholders' equity
balanced scorecard - Correct answer-Control system combining four sets of
performance measures: financial, customer, business process, and learning and
growth
barriers to entry - Correct answer-Conditions that prevent new companies from
entering an industry
behavioral approach - Correct answer-a leadership perspective that attempts to
identify what good leaders do-that is, what behaviors they exhibit
benchmarking - Correct answer-The process of comparing an organization's
practices and technologies with those of other companies.
Bootlegging - Correct answer-Informal work on projects, other than those officially
assigned, of employees' own choosing and initiative
boundaryless organization - Correct answer-organization in which there are no
barriers to information flow.
bounded rationality - Correct answer-`A less-than-perfect form of rationality in
which decisions makers cannot be perfectly rational because decisions are complex
and complete information is unavailable or cannot be fully processed.
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, Brainstorming - Correct answer-A process in which group members generate as
many ideas about a problem as they can; criticism is withheld until all ideas have
been proposed.
bridge leaders - Correct answer-A leader who bridges conflicting value systems or
different cultures.
broker - Correct answer-A person who assembles and coordinates participants in a
network
buffering - Correct answer-Creating supplies of excess resources in case of
unpredictable needs
bureaucratic control - Correct answer-The use of rules, regulations, and authority
to guide performance
business incubators - Correct answer-Protected environments for new, small
businesses
business plan - Correct answer-A formal planning step that focuses on the entire
venture and describes all the elements involved in starting it.
Business strategy - Correct answer-The major actions by which a business
competes in a particular industry or market
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
Exam Questions and Answers Graded A+
Accommodation - 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
Accounting audits - Correct answer-Procedures used to verify accounting reports
and statements
Activity-Based costing (ABC) - Correct answer-A method of cost accounting
designed to identify streams of activity and then to allocate costs across particular
business processes according to the mount of time employees devote to particular
activities
Adapters - Correct answer-Companies that take the current industry structure and
its evolution as givens, and choose where to compete.
Adverse impact - Correct answer-When a seemingly neutral employment practice
has a disproportionately negative effect on a protected group.
Advertising support model - Correct answer-Charging fees to advertise on a site.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,affective conflict - Correct answer-Emotional disagreement directed toward other
people
affiliate model - Correct answer-Charging fees to direct site visitors to other
companies' sites
affirmative action - Correct answer-Special efforts to recruit and hire qualified
members of groups that have been discriminated against in the past.
Alderfer's ERG theory - Correct answer-A human needs theory postulating that
people have three basic sets of needs that can operate simultaneously
assessment center - Correct answer-A managerial performance test in which
candidates participate in a variety of exercises and situations.
assets - Correct answer-The values of the various items the corporation owns.
Authentic leadership - Correct answer-A style in which the leader is true to himself
or herself while leading
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
autonomous work groups - Correct answer-Groups that control decisions about and
excution of a complete range of tasks
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
,balance sheet - Correct answer-A report that shows the financial picture of a
company at a given time and itemizes assets, liabilities, and stockholders' equity
balanced scorecard - Correct answer-Control system combining four sets of
performance measures: financial, customer, business process, and learning and
growth
barriers to entry - Correct answer-Conditions that prevent new companies from
entering an industry
behavioral approach - Correct answer-a leadership perspective that attempts to
identify what good leaders do-that is, what behaviors they exhibit
benchmarking - Correct answer-The process of comparing an organization's
practices and technologies with those of other companies.
Bootlegging - Correct answer-Informal work on projects, other than those officially
assigned, of employees' own choosing and initiative
boundaryless organization - Correct answer-organization in which there are no
barriers to information flow.
bounded rationality - Correct answer-`A less-than-perfect form of rationality in
which decisions makers cannot be perfectly rational because decisions are complex
and complete information is unavailable or cannot be fully processed.
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
, Brainstorming - Correct answer-A process in which group members generate as
many ideas about a problem as they can; criticism is withheld until all ideas have
been proposed.
bridge leaders - Correct answer-A leader who bridges conflicting value systems or
different cultures.
broker - Correct answer-A person who assembles and coordinates participants in a
network
buffering - Correct answer-Creating supplies of excess resources in case of
unpredictable needs
bureaucratic control - Correct answer-The use of rules, regulations, and authority
to guide performance
business incubators - Correct answer-Protected environments for new, small
businesses
business plan - Correct answer-A formal planning step that focuses on the entire
venture and describes all the elements involved in starting it.
Business strategy - Correct answer-The major actions by which a business
competes in a particular industry or market
©COPYRIGHT 2025, ALL RIGHTS RESERVED 4
