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WGU C483 - Principles of Management Strategic Management Application Questions and Approved Answers 2023/2024 Planning is: - correct answers the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future. Formal Planning Steps: - correct answers Situational analysis Alternative goals and plans Goal and plan evaluation Goal and plan selection Implementation Monitor and Control Planning ...

WGU C483 - Principles of Management Chapter 9 Learning organization Exam Questions and verified answers 2023/2024 strategic alliance definition: - correct answers a formal relationship created with the purpose of joint pursuit of mutual goals In a strategic alliance, individual organizations share administrative authority, form social links, and accept joint ownership. learning organization definition: - correct answers an organization skilled at creating, acquiring, and transferring know...

WGU C483 Principles of Management: Chapter 2 thorough review Exam Quiz and Ascertained Answers 2023/2024 social capital - correct answers A competitive advantage in the form of relationships an entrepreneur has with other people and the image other people have of the entrepreneur is known as business plan - correct answers A(n) _____ is a formal planning step that focuses on an entire venture and describes all the elements involved in starting it. acquire growth and high profitability. -...

WGU C483 Practice of Management Final Certification In-depth Exam Review Questions with complete Answers 2023/2024 Accommodation - correct answers A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests Accountability - correct answers The expectation that employees will perform a job, take corrective action when necessary, and report upward on the status and quality of their performance Accounting audits - cor...

WGU C483 Chapter 4 SWOT Analysis Practice test Questions with correct Answers 2023/2024 Strategy map - correct answers A(n) _______ illustrates the four key drivers of a firm's long-term success, and shows how goals in each area are linked to others Strategic control - correct answers A ___________ system is a component of the strategic management process designed to support managers in evaluatting the organization's progress with its strategy and, when discrepancies exist, taking correcti...

WGU C483 Objective Assessment Test Questions with Appropriate Answers 2023/2024 1.) The planning level with the shortest time horizon is known as _____ planning. A) operational B) tactical C) managerial D) developmental E) vertical - correct answers A.) Operational 2.) The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A) strategy-mapping B) tactical alignment C) goal-setting D) decision-making E) envir...

WGU - C483 Principles of Management Thorough Application Test Questions with precise Answers 2023/2024 Conceptual and decision skills - correct answers Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members. Controlling - correct answers The management function of monitoring performance and making needed changes. Cost competitiveness - correct answers Keeping costs low to achieve profits and be able to offer prices that are at...

WGU C483 Principles of Management - (Pre-Assessment) 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? Strengths What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? Core competencies Ac...

A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? ANSWER: Delivery of products or services what happens when an effective value chain is created ANSWER: profit margins are increased industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process ANSWER: Analysis of external opportunities and threats Skilled management, positive cash flow, and well-known brands are...

WGU C483 Principles of Management Test Prep Test with Solutions 20224 Graded A+ Delivery of products or services - ️️ -A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? Choose 1 answer Supply and demand Operations and logistics Outsourcing or insourcing Delivery of products or services Profit margins are increased. - ️️ -What happens when an effective value chain is created? Choose 1 answer Profit margins are...