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

1. What is the first step of the control process? Choose 1 answer

A) Measuring performance
B) Taking corrective action
C) Setting performance standards
D) Comparing performance against standards

2. Which conflict-resolution technique would be most effective in helping create a shared goal that cannot be attained without the cooperation of each of the conflicting parties? Choose 1 answer

A) Authoritative command
B) Avoidance
C) Communication
D) Superordinate goals

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) Entrepreneurial loss function diagram
B) Innovation creation diagram
C) Collaboration tracking matrix
D) Entrepreneurial strategy matrix

4. What isa clear and concise statement ofthe basic purpose of an organization? Choose 1 answer

A) Its objective
B) Its vision
C) Its goal
D) Its mission

5. When developing a qualify management system, which step involves answering the question, "If you were the customer, how would you like us to operate?" Choose 1 answer

A) Customerization
B) Benchmarking
C) Downsizing
D) Reengineering

Solutions: