Wgu c201 business accumen Study guides, Class notes & Summaries

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? A. Promoting vision B. Evaluating results C. Turning strategy into action D. Determining the specific activities - -B. Evaluating results What is the result of a company increasing the delegation of authority and the span of control? A. Centralized decision making B. Increased number of managers at the upper management level C. Increase...

WGU C201 Business Acumen Study Gui What are the two types of divestitures? - ANSWER A sell-off is a divestiture in which assets are sold to another company. In a spin-off, a new company is created from the assets divested. Shareholders of the divesting company become shareholders of the new company as well. What is an LBO? - ANSWER a leveraged buyout is a transaction in which public shareholders are bought out, and the company reverts to private status. LBOs are usually finance with large a...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - -Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - - Increased number of direct reports per manager Which two key elements does an effective organization include? - -Human interaction, structure Why does a line organizational structure function most effectively in a crisis...

WGU C201 Business Acumen, Top Exam Questions and answers, 100% Accurate. VERIFIED. Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - -Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - - Increased number of direct reports per manager Which two key elements does an effective organization include? - -Human interaction, s...

WGU C201 Business Acumen Chapter 10: Operations and Quality Management accurate 100% Production - ANSWER Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - ANSWER Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In what ways d...

What are the two types of divestitures? - ANSWER A sell-off is a divestiture in which assets are sold to another company. In a spin-off, a new company is created from the assets divested. Shareholders of the divesting company become shareholders of the new company as well. What is an LBO? - ANSWER a leveraged buyout is a transaction in which public shareholders are bought out, and the company reverts to private status. LBOs are usually finance with large amounts of borrowed money. Define s...

How do the jobs of top managers, middle managers, and supervisory managers differ? - 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. T...

Production - ANSWER Begins with inputs + add value = produce a good or service. Operations Management - relates to this process. Why is production such an important business activity? - ANSWER Without products to sell, companies cannot generate money. Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. In what ways does production create value for the company and its customers? - ANSWER Can lower produc...

WGU C201 Business Acumen, Questions and answers, 100% Accurate. VERIFIED. balanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to cover the costs of the annual budget are budget deficit situation in which the government spends more than the amount of money it rais...

What are the two types of divestitures? - ANSWER A sell-off is a divestiture in which assets are sold to another company. In a spin-off, a new company is created from the assets divested. Shareholders of the divesting company become shareholders of the new company as well. What is an LBO? - ANSWER a leveraged buyout is a transaction in which public shareholders are bought out, and the company reverts to private status. LBOs are usually finance with large amounts of borrowed money. Define s...