Principles of Management C483 (C483)
Western Governors University
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Test Prep - WGU - Principles of Management - C483 questions with complete solutions
- Exam (elaborations) • 31 pages • 2023
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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? 
 
Choose 1 answer 
 Supply and demand 
Operations and logistics 
Outsourcing or insourcing 
Delivery of products or services correct answer: Delivery of products or services 
 
What happens when an effective value chain is created? 
 
Choose 1 answer 
Profit margins are increased. 
A mission statement is developed. 
Customized products are standardized. 
Total quality managem...
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Principles of Management Practice Questions C483 WGU questions with complete solutions
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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? correct answer: delivery of products and services 
 
what happens when an effective value chain is created correct answer: profit margins are increased 
 
industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process correct answer: analysis of exteral opportunities and threats 
 
skilled management, positive cash flow, a...
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Principles of Management C483 WGU questions with complete solutions
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Describe strategic planning correct answer: Making decisions about the organization's long-term goals and strategies 
 
Describe strategic goals correct answer: major target long-term goals that are effective and efficient 
 
describe strategy correct answer: pattern of actions and resource allocations designed to achieve the goals of the organization. 1. Where will we be active? 2. How will we get there (increase sales or acquire another company)? 3. How will we win the in the marketplace (...
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WGU :: C483 :: Principles of Management questions with complete solutions
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Top-level Managers correct answer: Strategic Managers 
 
Middle-level Managers correct answer: Tactical Managers 
 
Frontline Managers correct answer: Operational Managers 
 
Goals should be: correct answer: S.M.A.R.T. Specific, Measurable, Attainable, Relevant, Time-bound 
 
Strategic Planning correct answer: Set of procedures for making decisions about an organization's long-term goals and strategies 
 
Have a strong external orientation and cover major portions of the organization 
 
Se...
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WGU - C483 Principles of Management 2023 (Full) questions with complete solutions
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Conceptual and decision skills correct answer: Skills pertaining to the ability to identify and resolve problems for the benefit of the organization and its members. 
 
Controlling correct answer: The management function of monitoring performance and making needed changes. 
 
Cost competitiveness correct answer: Keeping costs low to achieve profits and be able to offer prices that are attractive to consumers. 
 
Emotional intelligence correct answer: The skills of understanding yourself, man...
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WGU-C483-Principles of Management-CH07-Concepts questions with complete solutions
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Describe why people become entrepreneurs and what it takes, personally. correct answer: 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 knowledge and skills in management, business, and networking. Although there is no single e...
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C483 Multiple Attempt Readiness Exam (Objective Assessment) questions with complete solutions
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The internal environment includes: correct answer: culture and climate 
 
Which of the following refers to the immediate environment surrounding a firm, including suppliers, customers, rivals, and new entrants? correct answer: Competitive environment 
 
Pluto Inc. is computer technology corporation that has been manufacturing laptops for the last five years. Recently, in the face of sinking market share, Pluto reduced its dependency on laptops by venturing into tablets and smartphones. This is...
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Pre-Assessment C483 Principles of Management questions with complete solutions
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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? correct answer: Strategic 
 
A manager is asked to initiate activities that will support environmental scanning. 
 
Which activity should be used by this manager for this purpose? correct answer: Monitoring competitors 
 
A manager, who is acting as an internal consultant, is asked for a product recommendation. Which activity is ...
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Principles of Management C483 WGU| 1080 + questions| with complete solutions
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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 
 
Accounting audits Procedures used to verify accounting reports and statements 
 
Activity-Based costing (ABC) A method of cost accounting designed to identify streams of activity and then to allocate costs across particular business processes according to the mount of time employees devote to particular activities 
 
Adapters Companie...
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C483 WGU pretest with right answers (with complete solutions)
- Exam (elaborations) • 7 pages • 2023
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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? correct answer: delivery of products and services 
 
what happens when an effective value chain is created correct answer: profit margins are increased 
 
industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process correct answer: analysis of exteral opportunities and threats 
 
skilled management, positive cash flow, a...
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