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WGU Principles of Management at Western Governors University(IAC1) Sample Questions:
1. What is a common consideration for starting a new business venture? Choose 1 answer
A) System changes
B) Right opportunity
C) Access to information
D) Technical understanding
2. An executive arrived in a country and was instructed to take the "lift" to the second floor. The executive did not understand the meaning of "lift." Which type of cross-cultural communication barrier is this? Choose 1 answer
A) Barrier caused by differences among perceptions
B) Barrier caused by tone differences
C) Barrier caused by relativism
D) Barrier caused by semantics
3. Entrepreneurs who want to start a new business need to understand the level of risk and both dimensions.
What do entrepreneurs use to assess levels of risk and innovation?
Choose 1 answer
involved in establishing a new venture and must then decide if they are comfortable with
A) Collaboration tracking matrix
B) Entrepreneurial loss function diagram
C) Innovation creation diagram
D) Entrepreneurial strategy matrix
4. A team leader is having a difficult time implementing the company's new scheduling policy, which does not take into account seniority. The team is aware of the problem and has discussed options to deal with it, but no definitive solutions have been determined.
Which stage in the change process is the team experiencing?
Choose 1 answer
A) Preparation
B) Precontemplation
C) Action
D) Contemplation
5. What is the main focus of SWOT analysis? Choose 1 answer
A) Establishing a factory's production rate and quality standards
B) Uncovering an organization's strengths and weaknesses
C) Determining a company's corporate structure and management style
D) Developing a business's mission and vision statements
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: B |



