WGU C483 PRINCIPLES OF MANAGEMENT OA
FINAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS || ALREADY GRADED A+
LATEST VERSION
1. Differentiation - ANSWER ✅ An aspect of the organization's internal
environment created by job specialization and the division of labor
2. Differentiation strategy - ANSWER ✅ A strategy an organization uses to
build competitive advantage by being unique in its industry or market
segment along one or more dimensions
3. Discounting the future - ANSWER ✅ A bias weighting short-term costs and
benefits more heavily than longer-term costs and benefits
4. Diversification - ANSWER ✅ A firm's investment in a different product,
business, or geographic area
5. Diversity training - ANSWER ✅ Programs that focus on identifying and
reducing hidden biases against people with differences and developing the
skills needed to manage a diversified workforce
6. Divestiture - ANSWER ✅ A firm selling one or more businesses
7. Divisional organization - ANSWER ✅ Departmentalization that groups
units around products, customers, or geographic regions
,8. Division of labor - ANSWER ✅ The assignment of different tasks to
different people or groups
9. Domain selection - ANSWER ✅ Entering a new market or industry with an
existing expertise
10.Downsizing - ANSWER ✅ The planned elimination of positions or jobs
11.Downward communication - ANSWER ✅ Information that flows from
higher to lower levels in the organization's hierarchy
12.Dynamic network - ANSWER ✅ Temporary arrangements among partners
that can be assembled and reassembled to adapt to the environment
13.Ecocentric management - ANSWER ✅ Its goal is the creation of sustainable
economic development and improvement of quality of life worldwide for all
organizational stakeholders
14.Economic responsibilities - ANSWER ✅ To produce goods and services
that society wants at a price that perpetuates the business and satisfies its
obligations to investors
15.Economies of scope - ANSWER ✅ Economies in which materials and
processes employed in one product can be used to make other related
products
,16.Egoism - ANSWER ✅ An ethical system defining acceptable behavior as
that which maximizes consequences for the individual
17.Emotional intelligence - ANSWER ✅ The skills of understanding yourself,
managing yourself, and dealing effectively with others
18.Employment-at-will - ANSWER ✅ The legal concept that an employee may
be terminated for any reason
19.Empowerment - ANSWER ✅ The process of sharing power with
employees, thereby enhancing their confidence in their ability to perform
their jobs and their belief that they are influential contributors to the
organization
20.Entrepreneur - ANSWER ✅ Individual who establishes a new organization
without the benefit of corporate sponsorship
21.Entrepreneurial orientation - ANSWER ✅ The tendency of an organization
to identify and capitalize successfully on opportunities to launch new
ventures by entering new or established markets with new or existing goods
or services
22.Entrepreneurial venture - ANSWER ✅ A new business having growth and
high profitability as primary objectives
23.Entrepreneurship - ANSWER ✅ The pursuit of lucrative opportunities by
enterprising individuals
, 24.Environmental scanning - ANSWER ✅ Searching for and sorting through
information about the environment
25.Equity theory - ANSWER ✅ A theory that says that individuals compare
their job inputs and outcomes with those of others and then respond to
eliminate any inequities.
26.Ethical climate - ANSWER ✅ In an organization, the processes by which
decisions are evaluated and made on the basis of right and wrong
27.Ethical issue - ANSWER ✅ Situation, problem, or opportunity in which an
individual must choose among several actions that must be evaluated as
morally right or wrong
28.Ethical leader - ANSWER ✅ One who is both a moral person and a moral
manager influencing others to behave ethically
29.Ethical responsibilities - ANSWER ✅ Meeting other social expectations,
not written as law
30.Ethics - ANSWER ✅ The system of rules that governs the ordering of
values
31.Ethnocentrism - ANSWER ✅ The tendency to judge others by the standards
of one's group or culture, which are seen as superior
32.Executive champion - ANSWER ✅ An executive who supports a new
technology and protects the product champion of the innovation
FINAL EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS || ALREADY GRADED A+
LATEST VERSION
1. Differentiation - ANSWER ✅ An aspect of the organization's internal
environment created by job specialization and the division of labor
2. Differentiation strategy - ANSWER ✅ A strategy an organization uses to
build competitive advantage by being unique in its industry or market
segment along one or more dimensions
3. Discounting the future - ANSWER ✅ A bias weighting short-term costs and
benefits more heavily than longer-term costs and benefits
4. Diversification - ANSWER ✅ A firm's investment in a different product,
business, or geographic area
5. Diversity training - ANSWER ✅ Programs that focus on identifying and
reducing hidden biases against people with differences and developing the
skills needed to manage a diversified workforce
6. Divestiture - ANSWER ✅ A firm selling one or more businesses
7. Divisional organization - ANSWER ✅ Departmentalization that groups
units around products, customers, or geographic regions
,8. Division of labor - ANSWER ✅ The assignment of different tasks to
different people or groups
9. Domain selection - ANSWER ✅ Entering a new market or industry with an
existing expertise
10.Downsizing - ANSWER ✅ The planned elimination of positions or jobs
11.Downward communication - ANSWER ✅ Information that flows from
higher to lower levels in the organization's hierarchy
12.Dynamic network - ANSWER ✅ Temporary arrangements among partners
that can be assembled and reassembled to adapt to the environment
13.Ecocentric management - ANSWER ✅ Its goal is the creation of sustainable
economic development and improvement of quality of life worldwide for all
organizational stakeholders
14.Economic responsibilities - ANSWER ✅ To produce goods and services
that society wants at a price that perpetuates the business and satisfies its
obligations to investors
15.Economies of scope - ANSWER ✅ Economies in which materials and
processes employed in one product can be used to make other related
products
,16.Egoism - ANSWER ✅ An ethical system defining acceptable behavior as
that which maximizes consequences for the individual
17.Emotional intelligence - ANSWER ✅ The skills of understanding yourself,
managing yourself, and dealing effectively with others
18.Employment-at-will - ANSWER ✅ The legal concept that an employee may
be terminated for any reason
19.Empowerment - ANSWER ✅ The process of sharing power with
employees, thereby enhancing their confidence in their ability to perform
their jobs and their belief that they are influential contributors to the
organization
20.Entrepreneur - ANSWER ✅ Individual who establishes a new organization
without the benefit of corporate sponsorship
21.Entrepreneurial orientation - ANSWER ✅ The tendency of an organization
to identify and capitalize successfully on opportunities to launch new
ventures by entering new or established markets with new or existing goods
or services
22.Entrepreneurial venture - ANSWER ✅ A new business having growth and
high profitability as primary objectives
23.Entrepreneurship - ANSWER ✅ The pursuit of lucrative opportunities by
enterprising individuals
, 24.Environmental scanning - ANSWER ✅ Searching for and sorting through
information about the environment
25.Equity theory - ANSWER ✅ A theory that says that individuals compare
their job inputs and outcomes with those of others and then respond to
eliminate any inequities.
26.Ethical climate - ANSWER ✅ In an organization, the processes by which
decisions are evaluated and made on the basis of right and wrong
27.Ethical issue - ANSWER ✅ Situation, problem, or opportunity in which an
individual must choose among several actions that must be evaluated as
morally right or wrong
28.Ethical leader - ANSWER ✅ One who is both a moral person and a moral
manager influencing others to behave ethically
29.Ethical responsibilities - ANSWER ✅ Meeting other social expectations,
not written as law
30.Ethics - ANSWER ✅ The system of rules that governs the ordering of
values
31.Ethnocentrism - ANSWER ✅ The tendency to judge others by the standards
of one's group or culture, which are seen as superior
32.Executive champion - ANSWER ✅ An executive who supports a new
technology and protects the product champion of the innovation
