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

1. 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) Communication
B) Superordinate goals
C) Avoidance
D) Authoritative command

2. What is the main focus of SWOT analysis? Choose 1 answer

A) Developing a business's mission and vision statements
B) Establishing a factory's production rate and quality standards
C) Determining a company's corporate structure and management style
D) Uncovering an organization's strengths and weaknesses

3. Which management process has the benefits of group problem solving, information sharing, and cooperation across business functions? Choose 1 answer

A) Total Quality Management
B) Total Control Management
C) Change Control
D) Criteria for Growth

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

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

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

Solutions: