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WGU C201 BUSINESS
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ACUMEN EXAM QUESTIONS
WITH CORRECT SOLUTIONS
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ALL VERIFIED BY AN EXPERT
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A+ GRADED (LATEST)
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, What is Management? - ANS Management is the process of achieving Organizational
objectives through people and other resources. The Manager's job is to combine Human and
Technical resources in the best way possible to achieve the company's goals.
How do the jobs of top managers, middle managers, and supervisory managers differ? - ANS
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
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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. They are responsible for implementing the plans
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developed by middle managers and motivating workers to accomplish daily, weekly, and
monthly goals.
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What is the relationship between the managers planning and controlling functions? - ANS
Controlling assess the success of the planning function. Controlling also produces feedback for
the next round of planning.
What is meant by a vision for the company? - ANS A vision serves as a target for the
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company's actions, helping direct the company towards opportunities and differentiating it from
its competitors.
Why is it important for a top executive to set high ethical standards? - ANS High ethical
standards often result in a stable workforce, job satisfaction, and customer loyalty.
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Outline the planning process. - ANS Some plans are very broad and long range, focusing on
key organizational objectives; others are more detailed and specify how particular objectives will
be achieved. From the mission statement to objectives to specific plans, each phase must fit
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into comprehensive planning framework.
Describe the purpose of tactical planning. - ANS The purpose of tactical planning is to
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determine which short-term activities should be implemented to accomplish the companies
overall strategy.
Compare the kinds of plans made by top managers and middle managers. - ANS Top
managers focus on long-range, strategic plans. In contrast, middle-level managers focus on
short term tactical planning.
What is the purpose of a mission statement? - ANS A mission statement is a companies
written explanation of its purpose, the reason it exists, the customers it will serve, and how it is
different from its competitors. A mission statement guides the actions of its company, managers,
and employees.
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