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

2. What is a core job dimension described in the Hackman and Oldham model of job design? Choose 1 answer

A) Autonomy
B) Networking
C) Compensation
D) Quality

3. What is the process that Includes automation or support of customer processes, direct communication with customers, and analysis of customer data for a broad range of purposes? Choose 1 answer

A) Customer liaison policy
B) Customer relationship management
C) Customer connection society
D) Customer association organization

4. Which organizational concept best describes a manager assigning tasks to various employees? Choose 1 answer

A) Segmentation
B) Teamwork
C) Integration
D) Division of labor

5. During an annual staff meeting the CEO of a corporation addressed the audience by stating that the long-term goal of the corporation is to "become the most competitive company in the world and to grow more rapidly than our competitors by providing the best customer service in the business." What did the CEO's statement reflect?
Choose 1 answer

A) Strategic analysis
B) Strategic competencies
C) Strategic vision
D) Strategic mission

Solutions: