Exam (elaborations)

Fundamentals for success in business- WGU- D072 || with Right Answers.

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Fundamentals for success in business- WGU- D072 ||

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Fundamentals For Success In Business- WGU- D072 ||

Organizational ethics correct answers The application of ethical behavior in a business context Market (CVF Model Cultural Archetypes) correct answers Tends to be externally focused on competition, profits, and less flexible (ex. Security Companies) Adhocracy (CVF Model Cultural Archetypes) c...

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Uploaded on March 12, 2025
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organizational ethics

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Course Fundamentals for success in business- WGU- D072 ||

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Fundamentals for success in business- WGU- D072 || with
Right Answers.
Organizational ethics correct answers The application of ethical behavior in a business context

Market (CVF Model Cultural Archetypes) correct answers Tends to be externally focused on
competition, profits, and less flexible (ex. Security Companies)

Adhocracy (CVF Model Cultural Archetypes) correct answers Tends to be more flexible and
responsive to external forces; is characterized as dynamic, entrepreneurial, and creative work
places (ex. Technology Businesses)

Hierarchy (CVF Model Cultural Archetypes) correct answers Tend to be more internally,
focused on the internal processes and procedures and less flexible (ex. Governmental Agencies)

Clan (CVF Model Cultural Archetypes) correct answers Tends to be more family oriented,
flexible, less structured, and a more extensive hierarchy (ex. A small start-up business)

Competing Values Framework Model (CVF) correct answers The framework for assessing
organizational culture and organizational dynamics

Cultural Diversity correct answers the existence of a variety of cultural or ethnic groups within a
workplace

Informal Leaders correct answers Those without a formal position of authority within the
organization but demonstrate leadership by influencing those around them through personal
forms of power. (Ex. Oprah Winfrey)

Formal Leaders correct answers Those who hold a position of authority and may utilize the
power that comes from their position, as well as their personal power to influence others. (Ex.
Indira Nooyi, former CEO of Pepsi

Analysis (Management Skills) correct answers ability to comprehend, visualize, and analyze
abstract knowledge, concepts, and improve organizational performance

Communication (Management Skills) correct answers entail listening and understanding
employees issues, motivational factors, and team group dynamics

Technical (Management Skills) correct answers Understanding every day challenges propose a
solution represent the team and redesign procedures. They must have a firm grasp of tools,
procedures, and techniques to imperative to the department.

Levels of Management correct answers top managers, middle managers, first-line managers. Non
managers

, Manager correct answers A person who is responsible or a group of people, department, or
specific tasks

Individual contributor correct answers Someone who uses their personal skills to contribute to a
team

Leadership correct answers The act of influencing others to work towards a goal

Relationship Management correct answers collection of activities that build and maintain
ongoing, mutually beneficial ties with customers and other parties

Business Process Management (BPM) correct answers (Management designs work processes so
they align with the organizations goals)

a management technique that includes methods and tools to support the design, analysis,
implementation, management, and optimization of business processes

Information Technology (IT) correct answers The IT department deals with all issues related to
technology in an organization.
3 main functions: oversight, infrastructure, functionality

Functionality (IT) correct answers IT is responsible for day to day functioning of systems. Also
controls data processing, storage and security, and software installation and maintenance

Infrastructure (IT) correct answers IT provides hardware and infrastructure required for
operating systems and networking, automation, for building backup and contingency systems.

Oversight (IT) correct answers IT oversees installation of computer systems and network. Also
responsible for purchase and maintenance of software licenses/compliance

Accounting and Finance correct answers The department responsible for:
Accounts payable,
Payroll and taxes,
Financial Reporting,
Financial Controls

Accounts Payable correct answers A.F is responsible for finding & negotiating deals, making
timely payments to vendors, availing discounts & incentives, prioritizing payments, avoiding
penalties & finance charges, and keeping bills paid.

Accounts Receivable & Revenue Tracking correct answers A.F. Processes incoming payments &
account receivables, creates invoices, tracks outstanding invoices, and pursues collection
procedures for delinquent accounts.

Payroll & Taxes correct answers A.F. Ensures all employees are paid on time & ensures that
taxes are accurately calculated & filed on time

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