WGU C201 BUSINESS ACUMEN/ACTUAL EXAM 58
QUESTIONS AND 100% COMPLETE
SOLUTION/A+GRADE GUARANTEED
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Terms in this set (100)
Management is the process of achieving
Organizational objectives through people and other
What is Management? resources. The Manager's job is to combine Human
and Technical resources in the best way possible to
achieve the company's goals.
Top managers design long term plans, set a direction
for their organization and inspire all employees to
achieve the company's vision. Middle managers focus
on the specific mission and operations, products, or
How do the jobs of top
customers. They develop procedures to implement
managers, middle
the company's strategic plans. Supervisory interact
managers, and
directly with non-management employees, who
supervisory managers
produce and sell the companies goods and services.
differ?
They are responsible for implementing the plans
developed by middle managers and motivating
workers to accomplish daily, weekly, and monthly
goals.
What is the relationship Controlling assess the success of the planning
between the managers function. Controlling also produces feedback for the
planning and controlling next round of planning.
functions?
, A vision serves as a target for the company's actions,
What is meant by a vision
helping direct the company towards opportunities
for the company?
and differentiating it from its competitors.
Why is it important for a High ethical standards often result in a stable
top executive to set high workforce, job satisfaction, and customer loyalty.
ethical standards?
Some plans are very broad and long range, focusing
on key organizational objectives; others are more
Outline the planning detailed and specify how particular objectives will be
process. achieved. From the mission statement to objectives to
specific plans, each phase must fit into
comprehensive planning framework.
The purpose of tactical planning is to determine
Describe the purpose of
which short-term activities should be implemented to
tactical planning.
accomplish the companies overall strategy.
Compare the kinds of Top managers focus on long-range, strategic plans. In
plans made by top contrast, middle-level managers focus on short term
managers and middle tactical planning.
managers.
A mission statement is a companies written
explanation of its purpose, the reason it exists, the
What is the purpose of a
customers it will serve, and how it is different from its
mission statement?
competitors. A mission statement guides the actions
of its company, managers, and employees.
Which of a company's Strength, Weaknesses, Opportunities and Threats
characteristics does a Compared to its competitors.
SWOT analysis compare?
Objectives set guideposts by which managers define
How do managers use the organizations desired performance in such areas
objectives? as new product development, sales, customer service,
and employee satisfaction.
QUESTIONS AND 100% COMPLETE
SOLUTION/A+GRADE GUARANTEED
Save
Terms in this set (100)
Management is the process of achieving
Organizational objectives through people and other
What is Management? resources. The Manager's job is to combine Human
and Technical resources in the best way possible to
achieve the company's goals.
Top managers design long term plans, set a direction
for their organization and inspire all employees to
achieve the company's vision. Middle managers focus
on the specific mission and operations, products, or
How do the jobs of top
customers. They develop procedures to implement
managers, middle
the company's strategic plans. Supervisory interact
managers, and
directly with non-management employees, who
supervisory managers
produce and sell the companies goods and services.
differ?
They are responsible for implementing the plans
developed by middle managers and motivating
workers to accomplish daily, weekly, and monthly
goals.
What is the relationship Controlling assess the success of the planning
between the managers function. Controlling also produces feedback for the
planning and controlling next round of planning.
functions?
, A vision serves as a target for the company's actions,
What is meant by a vision
helping direct the company towards opportunities
for the company?
and differentiating it from its competitors.
Why is it important for a High ethical standards often result in a stable
top executive to set high workforce, job satisfaction, and customer loyalty.
ethical standards?
Some plans are very broad and long range, focusing
on key organizational objectives; others are more
Outline the planning detailed and specify how particular objectives will be
process. achieved. From the mission statement to objectives to
specific plans, each phase must fit into
comprehensive planning framework.
The purpose of tactical planning is to determine
Describe the purpose of
which short-term activities should be implemented to
tactical planning.
accomplish the companies overall strategy.
Compare the kinds of Top managers focus on long-range, strategic plans. In
plans made by top contrast, middle-level managers focus on short term
managers and middle tactical planning.
managers.
A mission statement is a companies written
explanation of its purpose, the reason it exists, the
What is the purpose of a
customers it will serve, and how it is different from its
mission statement?
competitors. A mission statement guides the actions
of its company, managers, and employees.
Which of a company's Strength, Weaknesses, Opportunities and Threats
characteristics does a Compared to its competitors.
SWOT analysis compare?
Objectives set guideposts by which managers define
How do managers use the organizations desired performance in such areas
objectives? as new product development, sales, customer service,
and employee satisfaction.
