WGU Principles of Management C483 Study guides, Class notes & Summaries
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Principals of Management C483 WGU Full Solution Pack Bundled Exams Everything you need to pass
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Principals of Management C483 WGU Full Solution Pack Bundled Exams Everything you need to pass
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c483 organizational Structure exam questions and answers
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organization chart 
The reporting structure and division of labor in an organization 
 
 
 
vertical structure 
deals with issues of authority, reporting relationships and responsibility 
 
 
 
horizontal structure 
deals with actual structure of an organization and departmentalization. 
 
 
 
Differentiation 
the idea that an organization is composed of various units that work on varying tasks using different skill and methods. 
 
 
 
divison of labor 
dividing work into smaller tasks and assig...
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WGU C483 - Principles of Management exam questions and answers
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Accommodation 
A style of dealing with conflict involving cooperation on behalf of the other party but not being assertive about one's own interests 
 
 
 
Accountability 
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 
Procedures used to verify accounting reports and statements 
 
 
 
Acquisition 
One firm buying another 
 
 
 
Activity-based costing (ABC) 
A met...
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wgu Principles of Management - C483 (PA questions 90% correct)
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A value chain is the sequence of activities that begins with raw materials. 
What result does a value chain end with? 
Delivery of products or services 
 
 
 
what happens when an effective value chain is created 
profit margins are increased 
 
 
 
industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process 
Analysis of external opportunities and threats 
 
 
 
Skilled management, positive cash flow, and well-known brands are examples o...
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WGU c483 Principles of Management. 2 Total Quality Management exam questions and answers
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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 
we'll focus on Edward Deming. It's primarily the holistic approach to quality. 
 
-So just keep t...
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WGU C483 Practice Test exam questions and answers
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1.)The planning level with the shortest time horizon is known as _____ planning. 
A)operational 
B)tactical 
C)managerial 
D)developmental 
E)vertical 
A 
 
 
 
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)environmental analysis 
D 
 
 
 
3.)In a SWOT analysis, the absence of reliable suppliers would be considered as a(n): 
A)weakn...
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[WGU] C483 - Principles of Management exam questions and answers
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Conceptual and Decision Skills 
Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members 
 
 
 
Controlling 
The management function of monitoring performance and making needed changes 
 
 
 
Cost Competitiveness 
Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers 
 
 
 
Emotional Intelligence 
The skills of understanding yourself, managing yourself, and dealing effectively with others 
 
...
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WGU C483 Chapter 7 exam questions and answers
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Entrepreneurship 
occurs when an enterprising individual pursues a lucrative opportunity 
 
 
 
Creating value 
is a central objective of entrepreneurship, 
 
 
 
small business 
is often defined as having fewer than 100 employees, being independently owned and operated, not dominant in its field, and not characterized by many innovative practices 
 
 
 
Myths about Entrepreneurs 
Entrepreneurs are born, not made. 
 
Anyone can start a business. 
 
Entrepreneurs are gamblers. 
 
Entrepreneurs wa...
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C483 Practice questions and answers
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1.)The planning level with the shortest time horizon is known as _____ planning. 
A)operational 
B)tactical 
C)managerial 
D)developmental 
E)vertical 
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)environmental analysis 
D.) Decision-making 
 
 
 
3.)In a SWOT analysis, the absence of reliable suppliers would...
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WGU C483 - Principles of Management chapter 2.3 exam questions and answers.
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WGU C483 - Principles of Management chapter 2.3 exam questions and answers.
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WGU C483 - Principles of Management chapter 2.3 exam questions and answers
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WGU C483 - Principles of Management chapter 2.3 exam questions and answersWhat designates those who take hands-on responsibility for creating innovation such as new ideas, products, or methods within an organization? 
Intrapreneur 
 
 
 
Why is innovation an important element of entrepreneurship? 
Creates unique and different products or services 
 
 
 
Most successful entrepreneurs exhibit certain characteristics. Some entrepreneurs are open-minded, able to learn quickly, and skilled at concept...
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