WGU - C483 EXAM QUESTIONS WITH
100% CORRECT ANSWERS L LATEST
VERSION 2025/2026.
Planning - ANS the conscious, systematic process of deciding what goals and activities a
person, group, work unit, or organization will pursue in the future
Situational Analysis
(step 1 of planning) - ANS A process planners use to gather, interpret, and summarize all
information relevant to the planning issue under consideration
Goal
(step 2a) - ANS A target or end that management desires to reach.
Plans
(step 2b) - ANS The actions or means managers intend to use to achieve organizational goals.
Contingency plan - ANS "What if" plans. Include actions to be taken if initial plans don't work
well or if events demand a sudden change.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Goal and Plan Eval
(step 3) - ANS evaluate advantage, disadvantages, and potential effects of each goal/plan.
Prioritize goals, and eliminate some. Pay attention to cost and ROI.
Scenario - ANS A narrative that describes a particular set of future conditions
Planning Steps - ANS 1. Situational Analysis
2. Alternative Goals and Plans
3. Goal & Plan Evaluation
4. Goal & Plan Selection
5. Implementation
6. Monitor & Control
Strategic Planning - ANS A set of procedures for making decisions about the organization's
long-term goals and strategies
Have strong external orientation & cover major portions of the organization.
Strategic Goals - ANS Major targets or end results relating to the organization's long-term
survival, value, and growth.
-reflect effectiveness and efficiency.
Strategy - ANS A pattern of actions and resource allocations designed to achieve the
organization's goals.
5 questions to answer for EFFECTIVE STRATEGIES - ANS 1. Where will we be active?
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,2. How will we get there?
3. How will we win in the market?
4. How fast will we move and in what sequence will we make changes?
5. How will we obtain financial returns?
Tactical Planning - ANS A set of procedures for translating broad strategic goals and plans into
specific goals and plans that are relevant to a distinct portion of the organization, such as a
functional area like marketing.
Operational Planning - ANS The process of identifying the specific procedures and processes
required at lower levels of the organization.
Strategy Map - ANS a tool for communicating strategic goals and helping employees to
understand the parts they will play in helping to achieve them. Illustrates 4 key drivers:
1. skills of its people and ability to grow & learn.
2. effectiveness of its internal processes.
3. ability to deliver value to customers.
4. ability to grow its financial assets.
Strategic Management - ANS a process that involves managers from all parts of the
organization in the formulation and the implementation of strategies and strategic goals
mission - ANS An organization's basic purpose and scope of operations.
A clear and concise expression of the basic and purpose of the organization. What the
organization does, for whom it does, its basic good or servie, and its values.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Strategic Vision - ANS The long-term direction and strategic intent of a company.
Stakeholders - ANS Groups and individuals who affect and are affected by the achievement of
the organization's mission, goals, and strategies.
Core capability - ANS A unique skill and/or knowledge an organization possesses that gives it
an edge over competitors.
Benchmarking - ANS Process of assessing how well one company's basic functions and skills
compare with those of another company or set of companies
SWOT analysis - ANS A comparison of strengths, weaknesses, opportunities, and threats that
helps executives formulate strategy.
Corporate Strategy - ANS The set of businesses, markets, or industries in which an
organization competes and the distribution of resources among those entities.
Concentration - ANS A strategy employed for an organization that operates a single business
and competes in a single industry.
Vertical Integration - ANS The acquisition or development of new businesses that produce
parts or components of the organization's product.
Concentric diversification - ANS A strategy used to add new businesses that produce related
products or are involved in related markets and activities.
Conglomerate diversification - ANS a strategy used to add new businesses that produce
unrelated products or are involved in unrelated markets and activities
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
100% CORRECT ANSWERS L LATEST
VERSION 2025/2026.
Planning - ANS the conscious, systematic process of deciding what goals and activities a
person, group, work unit, or organization will pursue in the future
Situational Analysis
(step 1 of planning) - ANS A process planners use to gather, interpret, and summarize all
information relevant to the planning issue under consideration
Goal
(step 2a) - ANS A target or end that management desires to reach.
Plans
(step 2b) - ANS The actions or means managers intend to use to achieve organizational goals.
Contingency plan - ANS "What if" plans. Include actions to be taken if initial plans don't work
well or if events demand a sudden change.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,Goal and Plan Eval
(step 3) - ANS evaluate advantage, disadvantages, and potential effects of each goal/plan.
Prioritize goals, and eliminate some. Pay attention to cost and ROI.
Scenario - ANS A narrative that describes a particular set of future conditions
Planning Steps - ANS 1. Situational Analysis
2. Alternative Goals and Plans
3. Goal & Plan Evaluation
4. Goal & Plan Selection
5. Implementation
6. Monitor & Control
Strategic Planning - ANS A set of procedures for making decisions about the organization's
long-term goals and strategies
Have strong external orientation & cover major portions of the organization.
Strategic Goals - ANS Major targets or end results relating to the organization's long-term
survival, value, and growth.
-reflect effectiveness and efficiency.
Strategy - ANS A pattern of actions and resource allocations designed to achieve the
organization's goals.
5 questions to answer for EFFECTIVE STRATEGIES - ANS 1. Where will we be active?
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
,2. How will we get there?
3. How will we win in the market?
4. How fast will we move and in what sequence will we make changes?
5. How will we obtain financial returns?
Tactical Planning - ANS A set of procedures for translating broad strategic goals and plans into
specific goals and plans that are relevant to a distinct portion of the organization, such as a
functional area like marketing.
Operational Planning - ANS The process of identifying the specific procedures and processes
required at lower levels of the organization.
Strategy Map - ANS a tool for communicating strategic goals and helping employees to
understand the parts they will play in helping to achieve them. Illustrates 4 key drivers:
1. skills of its people and ability to grow & learn.
2. effectiveness of its internal processes.
3. ability to deliver value to customers.
4. ability to grow its financial assets.
Strategic Management - ANS a process that involves managers from all parts of the
organization in the formulation and the implementation of strategies and strategic goals
mission - ANS An organization's basic purpose and scope of operations.
A clear and concise expression of the basic and purpose of the organization. What the
organization does, for whom it does, its basic good or servie, and its values.
3 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, Strategic Vision - ANS The long-term direction and strategic intent of a company.
Stakeholders - ANS Groups and individuals who affect and are affected by the achievement of
the organization's mission, goals, and strategies.
Core capability - ANS A unique skill and/or knowledge an organization possesses that gives it
an edge over competitors.
Benchmarking - ANS Process of assessing how well one company's basic functions and skills
compare with those of another company or set of companies
SWOT analysis - ANS A comparison of strengths, weaknesses, opportunities, and threats that
helps executives formulate strategy.
Corporate Strategy - ANS The set of businesses, markets, or industries in which an
organization competes and the distribution of resources among those entities.
Concentration - ANS A strategy employed for an organization that operates a single business
and competes in a single industry.
Vertical Integration - ANS The acquisition or development of new businesses that produce
parts or components of the organization's product.
Concentric diversification - ANS A strategy used to add new businesses that produce related
products or are involved in related markets and activities.
Conglomerate diversification - ANS a strategy used to add new businesses that produce
unrelated products or are involved in unrelated markets and activities
4 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
