Principals of Management C483 WGU Full Solution Pack Bundled Exams Everything you need to pass

Accommodation - A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accountability - The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and qua...

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

Conceptual and decision skills - Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members. Controlling - The management function of monitoring performance and making needed changes. Cost competitiveness - Keeping costs low to achieve pr...

Describe strategic planning - Making decisions about the organization's long-term goals and strategies Describe strategic goals - major target long-term goals that are effective and efficient describe strategy - pattern of actions and resource allocations designed to achieve the goals of the or...

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

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 - Monitoring competitors A manager, who is ac...

vision statement - where the organization wants to be in the future Mission Statement - what the organization needs to do now to achieve the vision "Great Man" theory - certain traits determine good leadership behavioral theory - behaviors are conditioned as a result of the environment conting...

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 Acquisition - One firm buying another Activity-Based costing (ABC...

Top-level Managers - Strategic Managers Middle-level Managers - Tactical Managers Frontline Managers - Operational Managers Goals should be: - S.M.A.R.T. Specific, Measurable, Attainable, Relevant, Time-bound Strategic Planning - Set of procedures for making decisions about an organization's lo...

Describe why people become entrepreneurs and what it takes, personally. - 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 more tradit...