1|Page
WGU C483 PRINCIPLES OF MANAGEMENT OA AND PA
ACTUAL TEST FINAL EXAM AND PRACTICE EXAM 20262027
BANK 2 VERSIONS QUESTIONS WITH DETAILED VERIFIED
ANSWERS EXAM QUESTIONS WILL COME FROM HERE
(100% CORRECT ANSWERS A+ GRADED
Delivery of products or services - ANSWERS--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
Profit margins are increased. - ANSWERS--What happens when an
effective value chain is created?
Choose 1 answer
,2|Page
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats - ANSWERS--Industry and
market analysis, competitor analysis, and social analysis are examples
of which step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
Strengths - ANSWERS--Skilled management, positive cash flow, and
well-known brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies - ANSWERS--What denotes skills or expertise in an
activity that constitutes the roots of competitiveness in an
organization?
,3|Page
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product quality.
- ANSWERS--According to Michael Porter's competitive environment
model, how can suppliers influence strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in
the environment.
Differentiation - ANSWERS--A company offers unique products in its
industry to create a competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
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Customization
Standardization
Vertical integration - ANSWERS--Happy Inc. is a leading provider of
family entertainment and BCD is a broadcasting company with news,
cable, and entertainment networks. Happy Inc. recently acquired BCD
in hopes of boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s
purchase of their distribution network?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Strategic vision - ANSWERS--A local business has provided services to its
customers for 40 years. The business's mission is "To give our
customers the best service in town." The owner of the business has had
a long-standing dream to franchise the business and become the best
provider of its service in the United States.
What describes the owner's dream?
WGU C483 PRINCIPLES OF MANAGEMENT OA AND PA
ACTUAL TEST FINAL EXAM AND PRACTICE EXAM 20262027
BANK 2 VERSIONS QUESTIONS WITH DETAILED VERIFIED
ANSWERS EXAM QUESTIONS WILL COME FROM HERE
(100% CORRECT ANSWERS A+ GRADED
Delivery of products or services - ANSWERS--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
Profit margins are increased. - ANSWERS--What happens when an
effective value chain is created?
Choose 1 answer
,2|Page
Profit margins are increased.
A mission statement is developed.
Customized products are standardized.
Total quality management is not required.
Analysis of external opportunities and threats - ANSWERS--Industry and
market analysis, competitor analysis, and social analysis are examples
of which step in the strategic planning process?
Analysis of mission, vision, and goals
Analysis of management implementation
Analysis of external opportunities and threats
Analysis of internal strengths and weaknesses
Strengths - ANSWERS--Skilled management, positive cash flow, and
well-known brands are examples of which component of the SWOT
analysis?
Threats
Strengths
Weaknesses
Opportunities
Core competencies - ANSWERS--What denotes skills or expertise in an
activity that constitutes the roots of competitiveness in an
organization?
,3|Page
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product quality.
- ANSWERS--According to Michael Porter's competitive environment
model, how can suppliers influence strategic planning?
Suppliers can reduce the threat from substitute products.
Suppliers can reduce the numbers of new entrants in the market.
Suppliers can reduce manufacturing time and increase product quality.
Suppliers can reduce technological, demographic, and legal threats in
the environment.
Differentiation - ANSWERS--A company offers unique products in its
industry to create a competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
, 4|Page
Customization
Standardization
Vertical integration - ANSWERS--Happy Inc. is a leading provider of
family entertainment and BCD is a broadcasting company with news,
cable, and entertainment networks. Happy Inc. recently acquired BCD
in hopes of boosting its primary business of family entertainment.
Which type of corporate strategy is represented by Happy Inc.'s
purchase of their distribution network?
Choose 1 answer
Vertical integration
Strategic alliances
Networking
Horizontal benchmarking
Strategic vision - ANSWERS--A local business has provided services to its
customers for 40 years. The business's mission is "To give our
customers the best service in town." The owner of the business has had
a long-standing dream to franchise the business and become the best
provider of its service in the United States.
What describes the owner's dream?
