Study guides, Class notes & Summaries

WGU C483 - Principles of Management Exam Questions and Answers 100% Pass Accommodation - Answer- A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accountability - Answer- The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance Accounting audits - Answer- Procedures used to verify accounting reports and sta...

WGU C483 Principles of Management Questions and Answers 100% Verified Organizations that are affected by, and that affect, their environment. - Answer- Open Systems Goods and services organizations take in and use to create products or services. - Answer- Inputs The products and services organizations create. - Answer- Outputs All relevant forces outside a firm's boundaries, such as competitors, customers, the government, and the economy. - Answer- External Environment The immediate en...

WGU Principles of Management C483 Practice Questions and Answers 100% Pass Strategic Triangle "customer, corporation and competitors"-what does Dr Ohmae indicate that an organization can obtain by doing this? - Answer- Sustained Competitive Advantage What does a value chain end with? - Answer- Begins with Raw Materials and ends with Delivery of products or services What happens when an effective value chain is created? - Answer- Profit Margins Increase Market & social analysis are exa...

C483 Principles of Management strategic planning comp Questions and Answers 100% Verified Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Choose 1 answer A. Analysis of mission, vision, and goals B. Analysis of management implementation C. Analysis of external opportunities and threats D. Analysis of internal strengths and weaknesses - Answer- Analysis of external opportunities and threats Skilled manag...

C483 - Principles of Management Practice Questions and Answers 100% Correct Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Choose 1 answer Analysis of mission, vision, and goals Analysis of management implementation Analysis of external opportunities and threats Analysis of internal strengths and weaknesses - Answer- Analysis of external opportunities and threats Skilled management, positive cash flow...

Test Prep - WGU - Principles of Management - C483 Questions with 100% Correct Answers Delivery of products or services - Answer- 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 Profit margins are increased. - Answer- What happens when an effective value chain is created? Choose 1 answer Profit margi...

Principles of Management C483 WGU Exam Questions and Answers 100% Pass Describe strategic planning - Answer- Making decisions about the organization's long- term goals and strategies Describe strategic goals - Answer- major target long-term goals that are effective and efficient describe strategy - Answer- pattern of actions and resource allocations designed to achieve the goals of the organization. 1. Where will we be active? 2. How will we get there (increase sales or acquire another ...

WGU C483 Practice Test 2 100% Correctly Solved 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D.) Decision-making 3.)In a...

Pre-Assessment C483 Principles of Management Questions and Answers 100% Pass An employee was recently promoted to an executive level management position in an organization. Which type of planning will this employee manage in this new role? - Answer- Strategic A manager is asked to initiate activities that will support environmental scanning. Which activity should be used by this manager for this purpose? - Answer- Monitoring competitors A manager, who is acting as an internal consultant,...

WGU C483 Practice Test 100% Correctly Answered 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D 3.)In a SWOT analysis, the absence of r...