(Top QUALITY 2024/2025 EXAM REVIEW)WGU C201 | Business Acumen | Chapter 7. Exam Questions and answers, 100% Accurate. VERIFIED.

WGU C201 | Business Acumen | Chapter 7. Exam Questions and answers, 100% Accurate. VERIFIED. The achievement of organizational objectives through the use of people and other resources. The skills and principles of management apply in both profit and not-for-profit organizations. - -Management ______ has three levels: top, middle, and supervisory management. Top management sets the long-term direction, vision, and values of the organization. Middle managers focus on specific operations, products, or customer groups and implement strategic plans. Supervisory managers are responsible for assigning non-managerial employees to specific jobs and evaluating performance. - -The management hierarchy Successful managers should possess _____ , _____ , and _____skills. _____ skills include the ability to understand and use the knowledge and tools of a specific discipline or activity. _____ skills are the interpersonal skills managers need to motivate and lead employees to accomplish identified objectives. _____ skills, needed especially by top managers, involve the ability to see the big picture by acquiring, analyzing, and interpreting information. - -technical, human, and conceptual Managers in any organization must perform the essential functions of _____ ,_____ , _____ , and _____. _____ is the process of anticipating future events and conditions and determining courses of action for achieving organizational objectives. _____ is the process of blending human and material resources through a formal structure of tasks and authority. Guiding and motivating employees to accomplish organizational objectives is called _____. _____ is the function of evaluating an organization's performance against its objective. - -planning, organizing, directing, and controlling A perception of marketplace needs and the methods by which an organization can satisfy them. It serves as the target for a firm's actions, helping direct the company toward opportunities and differentiating it from competitors. - -Vision These values are set by top managers, who must focus on the organization's long-term success, not merely short-term profits or personal gain. - -Ethical standards The four types of plans used by contemporary organizations are _____ , _____ , _____ , and _____ plans. _____ plans set primary objectives and strategies for how to allocate resources to achieve them. _____ plans involve implementing the activities specified by the strategic plan. _____ plans create detailed standards that guide implementation of tactical plans. _____ planning allows a firm to quickly resume operations and communications with the public after a crisis. - -strate