C483 BUS 2301 Principles of Management OA (Qns & Ans) 2025 - WGU
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Course
Managerial Accounting
Institution
Managerial Accounting
C483 BUS 2301 Principles of Management OA (Qns & Ans) 2025 - WGUC483 BUS 2301 Principles of Management OA (Qns & Ans) 2025 - WGUC483 BUS 2301 Principles of Management OA (Qns & Ans) 2025 - WGUC483 BUS 2301 Principles of Management OA (Qns & Ans) 2025 - WGU
1. Read All Questions Carefully: Make sure you understand each question.
2. Time Management: You have a specific amount of time to complete the exam.
Keep an eye on the clock and pace yourself.
3. Allowed Materials: Only use materials that are explicitly allowed. Unauthorized
materials can lead to disqualification.
4. ANS Format: Follow the required format for your ANS. For example, multiple-
choice questions might need you to select the best ANS, while essay questions
require detailed responses.
5. Academic Integrity: Adhere to the university's honor code. Any form of cheating or
plagiarism is strictly prohibited.
6. Technical Requirements: Ensure your computer and internet connection are
stable. For online exams, you might need a webcam and microphone for proctoring
purposes.
7. Submission: Submit your ANS before the time expires. Late submissions might
not be accepted.
,1. Which of the following best describes the primary function of
management?
- A. Conducting market research
- B. Planning, organizing, leading, and controlling
organizational resources
- C. Developing new software applications
- D. Managing daily business operations
- ANS: B
- Rationale: The primary function of management involves
planning, organizing, leading, and controlling organizational
resources to achieve organizational goals.
2. What is the primary purpose of strategic planning in
management?
- A. To manage daily business operations
- B. To set long-term goals and determine the best strategies to
achieve them
- C. To conduct market research
- D. To develop new software applications
- ANS: B
, - Rationale: Strategic planning involves setting long-term
goals and determining the best strategies to achieve them, guiding
the organization towards its mission and vision.
Fill-in-the-Blank Questions
3. The __________ model is used to analyze the competitive
forces within an industry and develop strategies to achieve a
competitive advantage.
- ANS: Porter's Five Forces
- Rationale: Porter's Five Forces model is used to analyze the
competitive forces within an industry and develop strategies to
achieve a competitive advantage.
4. In management, __________ refers to the process of
assigning tasks, allocating resources, and coordinating activities
to achieve organizational goals.
- ANS: organizing
- Rationale: Organizing refers to the process of assigning
tasks, allocating resources, and coordinating activities to achieve
organizational goals, ensuring that the organization operates
efficiently and effectively.
, - ANS: True
- Rationale: Effective leadership involves influencing and
motivating employees to achieve organizational goals, ensuring
that the organization operates efficiently and effectively.
6. The primary focus of controlling in management is to develop
new healthcare technologies.
- ANS: False
- Rationale: The primary focus of controlling in management
is to monitor and evaluate organizational performance, ensuring
that goals are achieved and corrective actions are taken when
necessary.
Multiple Response Questions
7. Which of the following are common components of a
management plan? (Select all that apply)
- A. Vision and mission statements
- B. Strategic objectives
- C. Performance metrics
- D. Inventory turnover
- ANS: A, B, C
- Rationale: Common components of a management plan
include vision and mission statements, strategic objectives, and
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