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

2. What isa clear and concise statement ofthe basic purpose of an organization? Choose 1 answer

A) Its vision
B) Its mission
C) Its goal
D) Its objective

3. Which conflict-resolution technique would be most effective in helping create a shared goal that cannot be attained without the cooperation of each of the conflicting parties? Choose 1 answer

A) Avoidance
B) Authoritative command
C) Superordinate goals
D) Communication

4. Which stage ofthe conflict process is considered a distinct stage because of its importance in intervening between perceptions or emotions and overt behavior? Choose 1 answer

A) Cognition
B) Opposition
C) Intentions
D) Outcomes

5. During an annual staff meeting the CEO of a corporation addressed the audience by stating that the long-term goal of the corporation is to "become the most competitive company in the world and to grow more rapidly than our competitors by providing the best customer service in the business." What did the CEO's statement reflect?
Choose 1 answer

A) Strategic mission
B) Strategic analysis
C) Strategic competencies
D) Strategic vision

Solutions: