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WGU Principles of Management at Western Governors University(IAC1) Sample Questions:

1. What is the most common way for entrepreneurs to finance a start-up business? Choose 1 answer

A) Initial public offering
B) SBA loan
C) Personal funds
D) Venture capital

2. What describes a value chain? Choose 1 answer

A) It allows an organization to manage diversity in multiple markets.
B) It is the internal strengths and weaknesses of an organization.
C) It flows from raw materials to the delivery of products or services.
D) It creates a focus for organizational downsizing.

3. 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) Contemplation
B) Precontemplation
C) Action
D) Preparation

4. A corporation listens to people who are affected by change and solicits suggestions from people throughout the organization. Which strategy is the corporation using to overcome resistance to change? Choose 1 answer

A) Negotiation and reward
B) Participation and involvement
C) Education and communication
D) Facilitation and support

5. A company is attempting to be efficient by offering a no-trills product. What type of strategy is the company pursuing? Choose 1 answer

A) Functional
B) Operational
C) Resource
D) Low-cost

Solutions: