WGU C483 Principles of Management (WGUC483)

WGU Principles of Management - C483, Exam Questions and answers, 100% Accurate. VERIFIED. Bureaucratic control deals with: - -rules and regulations. Which type of control system depends on pricing mechanisms and economic information to regulate activities within an organization? - -Market control _____ control systems are designed to measure progress toward set performance goals, and if necessary, to apply corrective measures to ensure that performance achieves managers' objectives...

WGU Principles of Management C483, Exam Questions and answers, 100% Accurate, VERIFIED. Strategic Triangle "customer, corporation and competitors"-what does Dr Ohmae indicate that an organization can obtain by doing this? - -Sustained Competitive Advantage What does a value chain end with? - -Begins with Raw Materials and ends with Delivery of products or services What happens when an effective value chain is created? - -Profit Margins Increase Market & social analysis are examples...

WGU-C483-Principles of ManagementCH07-Concepts. Questions and answers, Rated A+. VERIFIED. Describe why people become entrepreneurs and what it takes, personally. - -People become entrepreneurs because of the profit potential, the challenge, and the satisfaction they anticipate (and often receive) from participating in the process, and sometimes because they are blocked from more traditional avenues of career advancement. Successful entrepreneurs are innovators, and they have good kn...

WGU C483 - Principles of Management Ch 4. Questions and answers, VERIFIED. The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. - -decision-making In a SWOT analysis, the absence of reliable suppliers would be considered as a(n): - -weakness. SWOT analysis helps managers summarize the relevant, important facts from their external and internal analyses. Weaknesses might be lack of spare production capacity and th...

WGU c483 Principles of Management. 2 Total Quality Management, Questions and answers, 100% Accurate. What is Total Quality Management? overview- The graduate can describe how to establish a total quality management program in a product operation and in a service operation. TQM is is the integrative approach to management that supports the attainment of customer satisfaction through a wide variety of tools and techniques that result in high quality goods and services. The Quality gurus...

WGU C483 - Principles of Management: Ch 2 Questions and answers, 100% Accurate. VERIFIED. Why is it important for managers to understand the environmental forces that act upon their organizations? - -Without this understanding, organizations tend to miss opportunities or make poor decisions. Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? - -competitve environment Michael Porter, a noted authori...

WGU C483 Chapter 4, Top Exam Questions and answers, VERIFIED. weakness and a threat - -In a SWOT analysis, the absence of reliable suppliers would be considered as a(n) decision-making - -The planning process is similar to the ______ process in that both have a series of steps that are typically repeated in a cycle Macroeconomic analysis - -________ is considered as an activity of the external environment of an organization Strategy implementation - -Which of the following takes plac...

Pre-Assessment C483 Principles of Management, Questions and answers, 100% Accurate. VERIFIED. An employee was recently promoted to an executive level management position in an organization. Which type of planning will this employee manage in this new role? - -Strategic A manager is asked to initiate activities that will support environmental scanning. Which activity should be used by this manager for this purpose? - -Monitoring competitors A manager, who is acting as an internal consul...

WGU Principles of Management - C483 Chapter 4, Questions and answers. Rated A+. VERIFIED. What does Situational analysis do? - -study past events, examines current condition, and attempts to forecast future trends which step of planning will provide information on what planning decisions needed to be mad - -step 1 situational analysis which planning step should stress creativity and think board terms - -alternative goals & Plans alternative goals should be SMART. Define SMART - -Spec...

Pre-Assessment C483 Principles of Management, Questions and answers. 100% Accurate. VERIFIED. An employee was recently promoted to an executive level management position in an organization. Which type of planning will this employee manage in this new role? - -Strategic A manager is asked to initiate activities that will support environmental scanning. Which activity should be used by this manager for this purpose? - -Monitoring competitors A manager, who is acting as an internal consul...