WGU C483 Principles of Management TESTS COMPILATION BUNDLE

Test Prep - WGU - Principles of Management - C483 Delivery of products or services Ans: 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...

WGU C483 Practice Test 2 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical Ans: A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that a...

Bureaucratic control deals with: correct answer: rules and regulations. Which type of control system depends on pricing mechanisms and economic information to regulate activities within an organization? correct answer: Market control _____ control systems are designed to measure progress to...

Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? correct answer: Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are examples of which component of the...

Mechanistic organization correct answer: A form of organization that seeks to maximize internal efficiency. Organic structure correct answer: An organizational form that emphasizes flexibility. Organic structure (characteristics) correct answer: 1. Jobholders have broader responsibilities t...

A manager is asked to initiate activities that will support environmental scanning.Which activity should be used by this manager for this purpose? Reviewing production Monitoring competitors Setting the advertising budget Implementing a new program correct answer: Monitoring competitors...

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? correct answer: delivery of products and services what happens when an effective value chain is created correct answer: profit margins are increased industry and market, compe...

Accommodation 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 Procedures used to verify accounting reports and statements Activity-Based costing (ABC) A method of cost accounting d...

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? correct answer: Strategic A manager is asked to initiate activities that will support environmental scanning. Which activity s...

The internal environment includes: correct answer: culture and climate Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? correct answer: Competitive environment Pluto Inc. is computer technology corporatio...

Describe why people become entrepreneurs and what it takes, personally. correct answer: People become entrepreneurs because of the profit potential, the challenge, and the satisfaction they anticipate (and often receive) from participating in the process, and sometimes because they are blocked from...

Conceptual and decision skills correct answer: Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members. Controlling correct answer: The management function of monitoring performance and making needed changes. Cost competitiveness ...

Top-level Managers correct answer: Strategic Managers Middle-level Managers correct answer: Tactical Managers Frontline Managers correct answer: Operational Managers Goals should be: correct answer: S.M.A.R.T. Specific, Measurable, Attainable, Relevant, Time-bound Strategic Planning ...

Describe strategic planning correct answer: Making decisions about the organization's long-term goals and strategies Describe strategic goals correct answer: major target long-term goals that are effective and efficient describe strategy correct answer: pattern of actions and resource allo...