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WGU Principles-of-Management Exam Syllabus Topics:

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

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

2. A company is attempting to be efficient by offering a no-trills product. What type of strategy is the company pursuing? Choose 1 answer

A) Resource
B) Low-cost
C) Functional
D) Operational

3. What is the purpose of the Six Sigma Quality approach? Choose 1 answer

A) To break down communication barriers
B) To analyze the causes of product defects
C) To promote the six most common leadership objectives
D) To improve employee education processes

4. What is a common element of an effective diversity training program? Choose 1 answer

A) Completing a skills inventory
B) Building awareness
C) Analyzing feedback
D) Identifying informal networks

5. 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

Solutions: