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WGU Principles-of-Management Exam Syllabus Topics:

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

1. What is a common consideration for starting a new business venture? Choose 1 answer

A) Right opportunity
B) Technical understanding
C) Access to information
D) System changes

2. 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 mission
B) Strategic competencies
C) Strategic analysis
D) Strategic vision

3. What is a characteristic of a person with an entrepreneurial personality? Choose 1 answer

A) Motivation to excel
B) Opportunity tolerance
C) Employeeempowerment
D) Laissez-faire

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

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

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

Solutions: