Exam (elaborations)
WGU C483 - Principles of Management Questions and answers | Latest 2024/25 RATED A+
- Course
- Institution
WGU C483 - Principles of Management Questions and answers | Latest 2024/25 RATED A+
[Show more]
Content preview
WGU C483 - Principles of ManagementQuestions and answers | Latest 2024/25
RATED A+
Accommodation - A style of dealing with conflict involving cooperation on behalf of the II II II II II II II II II II II II II II II
other party but not being assertive about one's own interests
II II II II II II II II II II
Accountability - The expectation that employees will perform a job, take corrective action
II II II II II II II II II II II II II II II
when necessary, and report upward on the status and quality of their performance
II II II II II II II II II II II II II
II Accounting audits - Procedures used to verify accounting reports and statements
II II II II II II II II II II II II
II Acquisition - One firm buying another II II II II II II II
Activity-based costing (ABC) - A method of cost accounting designed to identify streams
II II II II II II II II II II II II II II II
of activity and then to allocate costs across particular business processes according to
II II II II II II II II II II II II II
the amount of time employees devote to particular activities
II II II II II II II II II
Adapters - Companies that take the current industry structure and its evolution as
II II II II II II II II II II II II II II II
givens, and choose where to compete
II II II II II II
Adverse impact - When a seemingly neutral employment practice has a
II II II II II II II II II II II II II
disproportionately negative effect on a protected group
II II II II II II II
II Advertising support model - Charging fees to advertise on a site II II II II II II II II II II II II
II Affective conflict - Emotional disagreement directed toward other people
II II II II II II II II II II
II Affiliate model - Charging fees to direct site visitors to other companies' sites
II II II II II II II II II II II II II II
Affirmative action - Special efforts to recruit and hire qualified members of groups that
II II II II II II II II II II II II II II II II
have been discriminated against in the past
II II II II II II II
After-action review - A frank and open-minded discussion of four basic questions aimed
II II II II II II II II II II II II II II II
at continuous improvement
II II II
Alderfer's ERG theory - A human needs theory postulating that people have three basic
II II II II II II II II II II II II II II II II
sets of needs that can operate simultaneously (Existence, Relatedness and Growth)
II II II II II II II II II II II
II Arbitration - The use of a neutral third party to resolve a labor dispute
II II II II II II II II II II II II II II II
Assessment center - A managerial performance test in which candidates participate in a
II II II II II II II II II II II II II II II
variety of exercises and situations
II II II II II
,II Assets - The values of the various items the corporation owns
II II II II II II II II II II II II
Authentic leadership - A style in which the leader is true to himself or herself while
II II II II II II II II II II II II II II II II II II
leading
II
II Authority - The legitimate right to make decisions and to tell other people what to do
II II II II II II II II II II II II II II II II II
Autocratic leadership - A form of leadership in which the leader makes decisions on his
II II II II II II II II II II II II II II II II II
or her own and then announces those decisions to the group
II II II II II II II II II II II
Autonomous work groups - Groups that control decisions about and execution of a
II II II II II II II II II II II II II II II
complete range of tasks
II II II II
Avoidance - A reaction to conflict that involves ignoring the problem by doing nothing at
II II II II II II II II II II II II II II II II II
all or deemphasizing the disagreement
II II II II II
Balanced scorecard - Control system combining four sets of performance measures:
II II II II II II II II II II II II II
financial, customer, business process, and learning and growth
II II II II II II II II
Balance sheet - A report that shows the financial picture of a company at a given time
II II II II II II II II II II II II II II II II II II II
and itemizes assets, liabilities, and stockholders' equity
II II II II II II II
II Barriers to entry - Conditions that prevent new companies from entering an industry
II II II II II II II II II II II II II II
Behavioral approach - A leadership perspective that attempts to identify what good
II II II II II II II II II II II II II II
leaders do—that is, what behaviors they exhibit
II II II II II II II
Benchmarking - The process of comparing an organization's practices and technologies
II II II II II II II II II II II II II
with those of other companies
II II II II II
Bootlegging - Informal work on projects, other than those officially assigned, of
II II II II II II II II II II II II II II
employees' own choosing and initiative
II II II II II
Boundaryless organization - Organization in which there are no barriers to information
II II II II II II II II II II II II II II
flow
II
Boundary-spanning - Interacting with people in other groups, thus creating linkages
II II II II II II II II II II II II II
between groups
II II
Bounded rationality - A less-than-perfect form of rationality in which decision makers
II II II II II II II II II II II II II II
cannot be perfectly rational because decisions are complex and complete information is
II II II II II II II II II II II II
unavailable or cannot be fully processed
II II II II II II
Brainstorming - A process in which group members generate as many ideas about a
II II II II II II II II II II II II II II II II
problem as they can; criticism is withheld until all ideas have been proposed
II II II II II II II II II II II II II
, II Broker - A person who assembles and coordinates participants in a network
II II II II II II II II II II II II II
Budgeting - The process of investigating what is being done and comparing the results
II II II II II II II II II II II II II II II II
with the corresponding budget data to verify accomplishments or remedy differences;
II II II II II II II II II II II
also called budgetary controlling
II II II II
II Buffering - Creating supplies of excess resources in case of unpredictable needs
II II II II II II II II II II II II II
II Bureaucratic control - The use of rules, regulations, and authority to guide performance II II II II II II II II II II II II II II
Business accelerators - Organization that provides support and advice to help young
II II II II II II II II II II II II II II
businesses grow
II II
Business ethics - The moral principles and standards that guide behavior in the world of
II II II II II II II II II II II II II II II II II
business
II
II Business incubators - Protected environments for new, small businesses
II II II II II II II II II II
Business plan - A formal planning step that focuses on the entire venture and describes
II II II II II II II II II II II II II II II II II
all the elements involved in starting it
II II II II II II II
Business strategy - The major actions by which a business competes in a particular
II II II II II II II II II II II II II II II II
industry or market
II II II
Cafeteria benefit program - An employee benefit program in which employees choose
II II II II II II II II II II II II II II
from a menu of options to create a benefit package tailored to their needs
II II II II II II II II II II II II II II
II Carbon footprint - The output of carbon dioxide and other greenhouses gases
II II II II II II II II II II II II II
Caux Principles - Ethical principles established by international executives based in
II II II II II II II II II II II II II
Caux, Switzerland, in collaboration with business leaders from Japan, Europe, and the
II II II II II II II II II II II II
United States
II II
Centralized organization - An organization in which high-level executives make most
II II II II II II II II II II II II II
decisions and pass them down to lower levels for implementation
II II II II II II II II II II
Certainty - The state that exists when decision makers have accurate and
II II II II II II II II II II II II II II
comprehensive information
II II
Charismatic leader - A person who is dominant, self-confident, convinced of the moral
II II II II II II II II II II II II II II II
righteousness of his or her beliefs, and able to arouse a sense of excitement and
II II II II II II II II II II II II II II II
adventure in followers
II II II
Chief information officer (CIO) - Executive in charge of information technology strategy
II II II II II II II II II II II II II II
and development
II II
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller STUVATE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
84197 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now