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C483 - Principles of Management Practice Questions and Answers 100% Correct

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C483 - Principles of Management Practice Questions and Answers 100% Correct Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? Choose 1 answer Analysis of mission, vision, and goals Analysis of management implementation Analysis of external opportunities and threats Analysis of internal strengths and weaknesses - Answer- Analysis of external opportunities and threats Skilled management, positive cash flow...

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Test Prep - WGU - Principles of Management - C483 Questions with 100% Correct Answers

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Test Prep - WGU - Principles of Management - C483 Questions with 100% Correct Answers Delivery of products or services - 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. - Answer- What happens when an effective value chain is created? Choose 1 answer Profit margi...

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Principles of Management C483 WGU Exam Questions and Answers 100% Pass

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Principles of Management C483 WGU Exam Questions and Answers 100% Pass Describe strategic planning - Answer- Making decisions about the organization's long- term goals and strategies Describe strategic goals - Answer- major target long-term goals that are effective and efficient describe strategy - Answer- pattern of actions and resource allocations designed to achieve the goals of the organization. 1. Where will we be active? 2. How will we get there (increase sales or acquire another ...

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WGU C483 Practice Test 2 100% Correctly Solved

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WGU C483 Practice Test 2 100% Correctly Solved 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A.) Operational 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D.) Decision-making 3.)In a...

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Pre-Assessment C483 Principles of Management Questions and Answers 100% Pass

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Pre-Assessment C483 Principles of Management Questions and Answers 100% Pass An employee was recently promoted to an executive level management position in an organization. Which type of planning will this employee manage in this new role? - Answer- Strategic A manager is asked to initiate activities that will support environmental scanning. Which activity should be used by this manager for this purpose? - Answer- Monitoring competitors A manager, who is acting as an internal consultant,...

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WGU C483 Practice Test 100% Correctly Answered

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WGU C483 Practice Test 100% Correctly Answered 1.)The planning level with the shortest time horizon is known as _____ planning. A)operational B)tactical C)managerial D)developmental E)vertical - Answer- A 2.)The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. A)strategy-mapping B)tactical alignment C)goal-setting D)decision-making E)environmental analysis - Answer- D 3.)In a SWOT analysis, the absence of r...

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C483 WGU PA Exam Questions and Answers 100% Pass

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C483 WGU PA Exam Questions and Answers 100% Pass A value chain is the sequence of activities that begins with raw materials. What result does a value chain end with? - Answer- Delivery of products & services What happens when an effective value chain is created? - Answer- Profit margins are increased Industry and market, competitor analysis, and social analysis are examples of which step in strategic planning process? - Answer- Analysis of exteral opportunities and threats Skilled manag...

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WGU C483 Test Prep - Principles of Management 2023|24 latest update rated A+

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WGU C483 Test Prep - Principles of Management 2023|24 latest update rated A+ Delivery of products or services 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. What happens when an effective value chain is created? Choose 1 answer Profit margins are increased. A mission s...

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