WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 LATEST VERSIONS (VERSION A AND
B) NEWEST 2024 ACTUAL EXAM TEST BANK
COMPLETE 400 WITH QUESTIONS AND ANSWERS
What is Management? - Correct Answer>Management is the
process of achieving Organizational objectives through people
and other resources. The Manager's job is to combine Human and
Technical resources in the best way possible to achieve the
company's goals.
How do the jobs of top managers, middle managers, and
supervisory managers differ? - Correct Answer>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 customers. They develop procedures to implement the
company's strategic plans. Supervisory interact directly with non-
management employees, who produce and sell the companies
goods and services. 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 between the managers planning and
controlling functions? - Correct Answer>Controlling assess the
success of the planning function. Controlling also produces
feedback for the next round of planning.
What is meant by a vision for the company? - Correct Answer>A
vision serves as a target for the company's actions, helping direct
the company towards opportunities and differentiating it from its
competitors.
,Why is it important for a top executive to set high ethical
standards? - Correct Answer>High ethical standards often result
in a stable workforce, job satisfaction, and customer loyalty.
Outline the planning process. - Correct Answer>Some plans are
very broad and long range, focusing on key organizational
objectives; others are more detailed and specify how particular
objectives will be achieved. From the mission statement to
objectives to specific plans, each phase must fit into
comprehensive planning framework.
Describe the purpose of tactical planning. - Correct Answer>The
purpose of tactical planning is to determine which short-term
activities should be implemented to accomplish the companies
overall strategy.
Compare the kinds of plans made by top managers and middle
managers. - Correct Answer>Top managers focus on long-range,
strategic plans. In contrast, middle-level managers focus on short
term tactical planning.
What is the purpose of a mission statement? - Correct Answer>A
mission statement is a companies written explanation of its
purpose, the reason it exists, the customers it will serve, and how
it is different from its competitors. A mission statement guides the
actions of its company, managers, and employees.
Which of a company's characteristics does a SWOT analysis
compare? - Correct Answer>Strength, Weaknesses, Opportunities
and Threats Compared to its competitors.
, How do managers use objectives? - Correct Answer>Objectives
set guideposts by which managers define the organizations
desired performance in such areas as new product development,
sales, customer service, and employee satisfaction.
Distinguish between programmed and nonprogrammed decisions.
- Correct Answer>Programmed decisions are like ordering office
supplies, simple and happen frequently- they are streamlined.
Non-programmed are like entering a new market or launching a
new product- they require more individual evaluation.
What are they steps in the decision-making process? - Correct
Answer>Recognition of problem or opportunity, development of
alternatives, evaluation of alternatives, selection and
implementation of chosen alternative, and follow up to determine
the effectiveness of the decision.
How is leadership defined? - Correct Answer>Leadership means
directing or inspiring people to attain certain organizational goals.
Effective leaders share several traits, such as empathy, self-
awareness, and objectivity. Leaders also use the power of their
job, expertise, and experience to influence people.
Identify the styles of leadership as they appear along a continuum
of greater or lesser employee participation. - Correct Answer>One
end of the continuum Autocratic leaders makes decisions without
consulting the employees. In the middle democratic leaders ask
for suggestions and want participation. At the end is free-rein
which leaders leave most of the decisions to the employees.
What is the relationship between leadership style and corporate
culture? - Correct Answer>The best leadership style to adopt
ASSESSMENT 2 LATEST VERSIONS (VERSION A AND
B) NEWEST 2024 ACTUAL EXAM TEST BANK
COMPLETE 400 WITH QUESTIONS AND ANSWERS
What is Management? - Correct Answer>Management is the
process of achieving Organizational objectives through people
and other resources. The Manager's job is to combine Human and
Technical resources in the best way possible to achieve the
company's goals.
How do the jobs of top managers, middle managers, and
supervisory managers differ? - Correct Answer>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 customers. They develop procedures to implement the
company's strategic plans. Supervisory interact directly with non-
management employees, who produce and sell the companies
goods and services. 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 between the managers planning and
controlling functions? - Correct Answer>Controlling assess the
success of the planning function. Controlling also produces
feedback for the next round of planning.
What is meant by a vision for the company? - Correct Answer>A
vision serves as a target for the company's actions, helping direct
the company towards opportunities and differentiating it from its
competitors.
,Why is it important for a top executive to set high ethical
standards? - Correct Answer>High ethical standards often result
in a stable workforce, job satisfaction, and customer loyalty.
Outline the planning process. - Correct Answer>Some plans are
very broad and long range, focusing on key organizational
objectives; others are more detailed and specify how particular
objectives will be achieved. From the mission statement to
objectives to specific plans, each phase must fit into
comprehensive planning framework.
Describe the purpose of tactical planning. - Correct Answer>The
purpose of tactical planning is to determine which short-term
activities should be implemented to accomplish the companies
overall strategy.
Compare the kinds of plans made by top managers and middle
managers. - Correct Answer>Top managers focus on long-range,
strategic plans. In contrast, middle-level managers focus on short
term tactical planning.
What is the purpose of a mission statement? - Correct Answer>A
mission statement is a companies written explanation of its
purpose, the reason it exists, the customers it will serve, and how
it is different from its competitors. A mission statement guides the
actions of its company, managers, and employees.
Which of a company's characteristics does a SWOT analysis
compare? - Correct Answer>Strength, Weaknesses, Opportunities
and Threats Compared to its competitors.
, How do managers use objectives? - Correct Answer>Objectives
set guideposts by which managers define the organizations
desired performance in such areas as new product development,
sales, customer service, and employee satisfaction.
Distinguish between programmed and nonprogrammed decisions.
- Correct Answer>Programmed decisions are like ordering office
supplies, simple and happen frequently- they are streamlined.
Non-programmed are like entering a new market or launching a
new product- they require more individual evaluation.
What are they steps in the decision-making process? - Correct
Answer>Recognition of problem or opportunity, development of
alternatives, evaluation of alternatives, selection and
implementation of chosen alternative, and follow up to determine
the effectiveness of the decision.
How is leadership defined? - Correct Answer>Leadership means
directing or inspiring people to attain certain organizational goals.
Effective leaders share several traits, such as empathy, self-
awareness, and objectivity. Leaders also use the power of their
job, expertise, and experience to influence people.
Identify the styles of leadership as they appear along a continuum
of greater or lesser employee participation. - Correct Answer>One
end of the continuum Autocratic leaders makes decisions without
consulting the employees. In the middle democratic leaders ask
for suggestions and want participation. At the end is free-rein
which leaders leave most of the decisions to the employees.
What is the relationship between leadership style and corporate
culture? - Correct Answer>The best leadership style to adopt
