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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. 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) Race, religion, and ethnic background
D) National origin, race, and education

3. Wardrobe Web. Inc., wants to analyze defects such as late delivery, wrong shipment, and poor customerservice. Which process should the company use? Choose 1 answer

A) Objective analysis
B) Statistical analysis
C) Job analysis
D) Social constructivist analysis

4. 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) Intrapreneurship
D) Venture capitalism

5. The director of human resources for a start-up company is reviewing staffing needs and has discovered a labor deficit. How can the director use strategic human resource planning in this situation? Choose 1 answer

A) Implement employee conflict resolution system
B) Reconcile employee supply and demand
C) Establish strategic goals for improvement of manufacturing performance
D) Plan to reduce turnover through nonfinancial rewards

Solutions: