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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) Initial public offering
B) Personal funds
C) Venture capital
D) SBA loan

2. What is the purpose of the control process? Choose 1 answer

A) To build a dynamic organization at all levels within the company
B) To deliver strategic value by fostering communication throughout the organization
C) To develop market saturation for the company's product
D) To direct the activities of individuals toward achievement of organizational goals

3. What is a feature ofa bureaucracy (vertical) organization? Choose 1 answer

A) Formal position authority is generally the primary means of running the organization.
B) Employees focus primarily on collaborating across departments and with frequent meetings.
C) Decision making is decentralized so a considerable amount of information is communicated informally.
D) Employees must answer to two or more bosses and prioritize demands across departments.

4. What is a core job dimension described in the Hackman and Oldham model of job design? Choose 1 answer

A) Networking
B) Compensation
C) Autonomy
D) Quality

5. An employee of a company is working to start a separate division. This project is out of the employee's normal duties and has not been assigned by the supervisor. However, the supervisor encourages this informal project.
Which intrapreneurship activity describes this project?
Choose 1 answer

A) Skunkworks
B) Bootlegging
C) Opportunity obsession
D) Motivation to excel

Solutions: