WGU C483 Principle of Management EXAMS GRADED A+
WESTERN GOVERNORS UNIVERSITY 100% REAL
A common middle-management title is: - ANSWER: division head.
A _____ is a conceptual framework for organizing knowledge and providing a
blueprint for action. - ANSWER: theory
_____ are concerned with creating and managing the systems that create an
organization's products and services. - ANSWER: Operations managers
_____ are typically involved in recruiting and selecting employees, training and
development, designing compensation and benefit systems, formulating
performance appraisal systems, and discharging low-performing and problem
employees. - ANSWER: Human resource managers
Early advocates of the classical management perspective viewed organizations and
jobs from an essentially _____ point of view. - ANSWER: mechanistic
_____ focuses on the development of mathematical models to study management
behavior. - ANSWER: Management Science
_____ is considered to be a form of applied management science. - ANSWER:
Operations management
_____ make decisions about activities such as investing in research and development
(R&D) and entering or abandoning various markets. - ANSWER: Top managers
A business manufactures top-of-the-line cabinets. The _____ dimension of its
general environment includes computer-assisted design software that helps to
convert wood and people's idea into lovely, functional cabinets. - ANSWER:
technological
A corporate _____ is a governing body that is elected by the stockholders and
charged with overseeing a firm's general management to ensure that it is run to best
serve the stockholders' interests. - ANSWER: board of directors
A(n) _____ is a limit on the number or value of goods that can be traded. - ANSWER:
quota
An employee who discloses illegal or unethical conduct by others within the
organization is called a(n) _____. - ANSWER: whistle-blower
An organization's _____ are other organizations that compete with it for resources. -
ANSWER: competitors
, _____ are elements of the task environment that have the potential to control,
legislate, or otherwise influence an organization's policies and practices. - ANSWER:
Regulators
A written statement of what values and ethical standards guide a firm's actions is
known as its _____. - ANSWER: code of ethics
Ethical issues in corporate governance are primarily the responsibility of: - ANSWER:
the board of directors.
_____ gives preference to domestic producers through content or price restrictions.
- ANSWER: "Buy national" legislation
In a(n) _____, two or more firms share equal ownership of a new enterprise. -
ANSWER: joint venture
A difference between tactical and strategic plans is that: - ANSWER: tactical plans
have a more concrete focus.
A _____ is the most general form of standing plan that specifies the organization's
general response to a designated problem or situation. - ANSWER: policy
A(n) _____ is a comprehensive plan for accomplishing an organization's goals. -
ANSWER: strategy
A(n) _____ is an area in an organization's environment that, if exploited, may
generate higher performance. - ANSWER: organizational opportunity
An organization's fundamental purpose is stated in the organization's _____. -
ANSWER: mission statement
A(n) _____ plan is a general plan outlining decisions about resource allocation,
priorities, and action steps necessary to reach the goals set by the top managers. -
ANSWER: strategic
A(n) _____ strategy helps the organization focus on its operations simultaneously
across several industries and several markets. - ANSWER: corporate-level
A standing plan that outlines the steps to be followed in a particular circumstance is
called a(n): - ANSWER: standard operating procedure.
During the growth stage of the product life cycle,: - ANSWER: more firms begin
producing the product.
According to the classical decision model, managers: - ANSWER: evaluate all aspects
of a decision situation logically and rationally.
WESTERN GOVERNORS UNIVERSITY 100% REAL
A common middle-management title is: - ANSWER: division head.
A _____ is a conceptual framework for organizing knowledge and providing a
blueprint for action. - ANSWER: theory
_____ are concerned with creating and managing the systems that create an
organization's products and services. - ANSWER: Operations managers
_____ are typically involved in recruiting and selecting employees, training and
development, designing compensation and benefit systems, formulating
performance appraisal systems, and discharging low-performing and problem
employees. - ANSWER: Human resource managers
Early advocates of the classical management perspective viewed organizations and
jobs from an essentially _____ point of view. - ANSWER: mechanistic
_____ focuses on the development of mathematical models to study management
behavior. - ANSWER: Management Science
_____ is considered to be a form of applied management science. - ANSWER:
Operations management
_____ make decisions about activities such as investing in research and development
(R&D) and entering or abandoning various markets. - ANSWER: Top managers
A business manufactures top-of-the-line cabinets. The _____ dimension of its
general environment includes computer-assisted design software that helps to
convert wood and people's idea into lovely, functional cabinets. - ANSWER:
technological
A corporate _____ is a governing body that is elected by the stockholders and
charged with overseeing a firm's general management to ensure that it is run to best
serve the stockholders' interests. - ANSWER: board of directors
A(n) _____ is a limit on the number or value of goods that can be traded. - ANSWER:
quota
An employee who discloses illegal or unethical conduct by others within the
organization is called a(n) _____. - ANSWER: whistle-blower
An organization's _____ are other organizations that compete with it for resources. -
ANSWER: competitors
, _____ are elements of the task environment that have the potential to control,
legislate, or otherwise influence an organization's policies and practices. - ANSWER:
Regulators
A written statement of what values and ethical standards guide a firm's actions is
known as its _____. - ANSWER: code of ethics
Ethical issues in corporate governance are primarily the responsibility of: - ANSWER:
the board of directors.
_____ gives preference to domestic producers through content or price restrictions.
- ANSWER: "Buy national" legislation
In a(n) _____, two or more firms share equal ownership of a new enterprise. -
ANSWER: joint venture
A difference between tactical and strategic plans is that: - ANSWER: tactical plans
have a more concrete focus.
A _____ is the most general form of standing plan that specifies the organization's
general response to a designated problem or situation. - ANSWER: policy
A(n) _____ is a comprehensive plan for accomplishing an organization's goals. -
ANSWER: strategy
A(n) _____ is an area in an organization's environment that, if exploited, may
generate higher performance. - ANSWER: organizational opportunity
An organization's fundamental purpose is stated in the organization's _____. -
ANSWER: mission statement
A(n) _____ plan is a general plan outlining decisions about resource allocation,
priorities, and action steps necessary to reach the goals set by the top managers. -
ANSWER: strategic
A(n) _____ strategy helps the organization focus on its operations simultaneously
across several industries and several markets. - ANSWER: corporate-level
A standing plan that outlines the steps to be followed in a particular circumstance is
called a(n): - ANSWER: standard operating procedure.
During the growth stage of the product life cycle,: - ANSWER: more firms begin
producing the product.
According to the classical decision model, managers: - ANSWER: evaluate all aspects
of a decision situation logically and rationally.
