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WGU C483 - PRINCIPLES OF MANAGEMENT - C483 EXAM
QUESTIONS AND ANSWERS THE MOST CURRENT SET
QUESTIONS UPDATED 2025
Delivery of products or services- CORRECT ANSWER ✔✔ 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.- CORRECT ANSWER ✔✔ 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 management is not required.
Analysis of external opportunities and threats- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
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Threats
Strengths
Weaknesses
Opportunities
Core competencies- CORRECT ANSWER ✔✔ What denotes skills or expertise in an activity that constitutes
the roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product quality.- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
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Vertical integration- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
Developing a strategic mission- CORRECT ANSWER ✔✔ What is the first step of organizational strategic
planning?
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
Six Sigma- CORRECT ANSWER ✔✔ The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
WGU C483 - PRINCIPLES OF MANAGEMENT - C483 EXAM
QUESTIONS AND ANSWERS THE MOST CURRENT SET
QUESTIONS UPDATED 2025
Delivery of products or services- CORRECT ANSWER ✔✔ 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.- CORRECT ANSWER ✔✔ 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 management is not required.
Analysis of external opportunities and threats- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ Skilled management, positive cash flow, and well-known brands are
examples of which component of the SWOT analysis?
,2|Page
Threats
Strengths
Weaknesses
Opportunities
Core competencies- CORRECT ANSWER ✔✔ What denotes skills or expertise in an activity that constitutes
the roots of competitiveness in an organization?
Choose 1 answer
Strategic values
Core competencies
Products and services
Opportunities and threats
Suppliers can reduce manufacturing time and increase product quality.- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ A company offers unique products in its industry to create a
competitive advantage.
Which type of strategy is the company using?
Valorization
Differentiation
Customization
Standardization
, 3|Page
Vertical integration- CORRECT ANSWER ✔✔ 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- CORRECT ANSWER ✔✔ 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?
Choose 1 answer
Strategic vision
Strategic mission
Strategic planning
Strategic management
Developing a strategic mission- CORRECT ANSWER ✔✔ What is the first step of organizational strategic
planning?
Choose 1 answer
Developing operational goals
Developing internal strengths
Developing a strategic mission
Developing external opportunities
Six Sigma- CORRECT ANSWER ✔✔ The introduction of statistical tools to analyze the causes of product
defects is associated with which quality improvement approach?
