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

1. What is the purpose of a value chain analysis? Choose 1 answer

A) To help the company determine its commitment to ethics and social responsibility
B) To allow the company to implement an intranet and develop automated processes
C) To allow the company to use a systematic approach in developing a competitive advantage
D) To determine company stockholder satisfaction

2. What describes a value chain? Choose 1 answer

A) It creates a focus for organizational downsizing.
B) It is the internal strengths and weaknesses of an organization.
C) It flows from raw materials to the delivery of products or services.
D) It allows an organization to manage diversity in multiple markets.

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

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

4. A manager must choose between two qualified candidates for a promotion and must consider equal employment opportunity law. Which characteristics may the manager use to make the decision? Choose 1 answer

A) Fitness level
B) Age
C) Religion
D) Disability status

5. 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 new entrants
C) Threat of supplier power
D) Threat of customer power

Solutions: