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WGU C483 EXAM (PRINCIPLES OF MANAGEMENT) A, B, PA
AND STUDY GUIDE ALL 450 + QUESTIONS WITH CORRECT MC
ANSWERS LATEST UPDATE THIS YEAR
WGU C483 PRINCIPLES OF MANAGEMENT ACTUAL EXAM A
QUESTION: 1.)Which of the following is one among the six components of the strategic management process?A)Skill improvement plan B)Technology assessment C)Stakeholder analysis D)SWOT analysis E)Stockholder reporting - ANSWER-D.) SWOT Analysis
QUESTION: 2.)Which of the following takes place after a firm formulates its strategy?A)Establishment of mission, vision, and goals B)Analysis of external opportunities and threats C)Strategy implementation D)Analysis of internal strengths and weaknesses E)SWOT analysis - ANSWER-C.) Strategy Implementation
QUESTION: 3.)A vertical integration strategy is a strategy: 1 / 4
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A)used to add new businesses that produce related products or are involved in related markets and activities.B)that involves expanding the domain of the organization into supply channels or to distributors.C)employed for an organization that operates a single business and competes in a single industry.D)used to add new businesses that produce unrelated products or are involved in unrelated markets and activities.E)an organization uses to build competitive advantage by being unique in its industry or market segment along one or more dimensions. - ANSWER-B.) That involves expanding the domain of the organization into supply channels or to distributors.
QUESTION: 4.)_____ is considered as an activity of the external environment of an organization.
Refer To: Table 4.1
A)Human resources assessment B)Financial analysis C)Marketing Audit D)Macroeconomic Analysis E)Operations Analysis - ANSWER-D.) Macroeconomics Analysis
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QUESTION: 5.)Benchmarking is the process of assessing how well one company's basic
functions and skills compare with:
A)government standards.B)supplier and distributor requirements.C)those of another company.D)customer expectations.E)stockholder demands. - ANSWER-C.) Those of another company QUESTION: 6.)_____ include sets of actions to be taken when a company's initial plans have not worked well or if events in the external environment require a sudden change.A)Functional plans B)Contingency plans C)Strategic maps D)Differentiation strategies E)Business incubators - ANSWER-B.) Contingency plans
QUESTION: 7.)Which of the following is true of operational planning?
A)It is a long-term plan spanning over three years.B)It is performed by top level managers.C)It identifies specific plans and procedures. 3 / 4
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D)It focuses only on processes required in the higher organizational levels.E)It translates broad strategic goals into specific goals. - ANSWER-C.) It identifies specific plans and procedures
QUESTION: 8.)The most effective _____ statements inspire organization members, offering a worthwhile target for the entire organization to work together to achieve.A)vision B)operation C)business definition D)financial E)quality - ANSWER-A.) Vision
QUESTION: 9.)A _____ system is a component of the strategic management process designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective action.A)span of control B)strategic control C)strategic support D)dynamic network
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