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

1. Which customer relationship concept emphasizes the relationship between the company, the competition, and the customer? Choose 1 answer

A) Strategic relationship
B) Strategic triangle
C) Tactical strategy
D) Liaison concept

2. What is the last step in strategic planning? Choose 1 answer

A) Goal setting
B) SWOT analysis
C) Strategy formulation
D) Strategic control

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

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

4. What is a Benefit of a boundaryless organization? Choose 1 answer

A) Employees are allowed to form a union.
B) Employees have access to all buildings.
C) Employees may express their opinions freely.
D) Employees are free to apply for other positions.

5. A computer manufacturer purchases the company that supplies computer chips for the company. Which type of corporate strategy is the company using? Choose 1 answer

A) Strategic alliance
B) Conglomerate diversification
C) Vertical integration
D) Domain selection

Solutions: