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

1. What is the activity called when a corporate project team is created to develop a new product? Choose 1 answer

A) Competitive innovation
B) Benchmarking
C) Venture capitalism
D) Intrapreneurship

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

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

5. The person supervising a new advertising campaign was not sure that the team fully understood the technical side of the product they were working on and wanted to get a different perspective.
Which technique would be most appropriate in stimulating conflict?
Choose 1 answer

A) Bringing in outsiders
B) Appointing a devil's advocate
C) Compromise
D) Authoritative command

Solutions: