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Exam Code: Principles-of-Management
Exam Name: Principles of Management at Western Governors University(IAC1)
Updated: May 29, 2026
Q & A: 50 Questions and Answers
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1. 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) Motivation to excel
C) Bootlegging
D) Opportunity obsession
2. What is the last step in strategic planning? Choose 1 answer
A) Strategy formulation
B) Goal setting
C) SWOT analysis
D) Strategic control
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) Social constructivist analysis
B) Statistical analysis
C) Job analysis
D) Objective analysis
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) Collaboration tracking matrix
B) Entrepreneurial strategy matrix
C) Innovation creation diagram
D) Entrepreneurial loss function diagram
5. An executive arrived in a country and was instructed to take the "lift" to the second floor. The executive did not understand the meaning of "lift." Which type of cross-cultural communication barrier is this? Choose 1 answer
A) Barrier caused by semantics
B) Barrier caused by tone differences
C) Barrier caused by relativism
D) Barrier caused by differences among perceptions
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |
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