C483 / C 483 Final Test Guide (Latest Update 2025 / 2026) Principles of Management | Questions and Verified Answers | Grade A | 100% Correct - WGU
Question:
Environmental scanning
Answer:
Searching for and sorting through information about the environment.
Question:
Environmental uncertainty
Answer:
When mangers do not have enough information about the environment to understand or predict the future.
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Question:
External environment
Answer:
All relevant forces outside a firm's boundaries, such as competitors, customers, the government, and the economy.
Question:
Final consumer
Answer:
A customer who purchases products in their finished form.
Question:
Flexible processes
Answer:
Methods for adapting the technical core to changes in the environment.
Question:
Forecasting
Answer:
Method for predicting how variables will change the future. 2 / 4
Question:
Independent strategies
Answer:
Strategies that an organization acting on its own uses to change some aspect of its current environment.
Question:
Inputs
Answer:
Good and services organizations take in and use to create products or services.
Question:
Intermediate consumer
Answer:
A customer who purchases raw materials or wholesale products before selling them to final customers.
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Question:
Macroenvironment
Answer:
The general environment; includes governments, economic conditions, and other fundamental factors that generally affect all organizations.
Question:
Merger
Answer:
One or more companies combining with another
Question:
Open systems
Answer:
Organizations that are affected by, and that affect, their environment.
Question:
Organization culture
Answer:
The set of important assumptions about the organization and its goals and practices that members of the company share.
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