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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+$17.99
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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+
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Course
WGU C
Institution
WGU C
WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 LATEST VERSIONS (VERSION A AND
B) NEWEST 2024 ACTUAL EXAM TEST BANK
COMPLETE 400 QUESTIONS AND CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2
LATEST VERSIONS (VERSION A AND B) NEWEST 2024
ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
|ALREADY GRADED A+
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.
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