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

1. What is the purpose of the Six Sigma Quality approach? Choose 1 answer

A) To promote the six most common leadership objectives
B) To improve employee education processes
C) To analyze the causes of product defects
D) To break down communication barriers

2. Equal employment opportunity laws were designed to ensure that people are considered for employment without regard to certain traits. Which traits are protected by these laws? Choose 1 answer

A) Race, religion, and abilities
B) National origin, race, and education
C) Race, religion, and ethnic background
D) Criminal record, race, and gender

3. Which competitive force is reduced by the barriers provided by government policies, capital requirements, brand identification, and cost disadvantages? Choose 1 answer

A) Threat of customer power
B) Threat of new entrants
C) Threat of supplier power
D) Threat of substitutes

4. What is evident when a company does something especially well in comparison to its competitors? Choose 1 answer

A) Urban location
B) Strategic liaisons
C) Competitive objectives
D) Core capabilities

5. 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) Entrepreneurial strategy matrix
C) Collaboration tracking matrix
D) Innovation creation diagram

Solutions: