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

1. What is the most common way for entrepreneurs to finance a start-up business? Choose 1 answer

A) Venture capital
B) Personal funds
C) Initial public offering
D) SBA loan

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

3. 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) Entrepreneurial loss function diagram
B) Entrepreneurial strategy matrix
C) Collaboration tracking matrix
D) Innovation creation diagram

4. What is the activity called when a corporate project team is created to develop a new product? Choose 1 answer

A) Intrapreneurship
B) Benchmarking
C) Competitive innovation
D) Venture capitalism

5. 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) Bootlegging
B) Opportunity obsession
C) Skunkworks
D) Motivation to excel

Solutions: