- Exam Code: Principles-of-Management
- Exam Name: Principles of Management at Western Governors University(IAC1)
- Updated: Jun 04, 2026
- Q & A: 50 Questions and Answers
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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 use a systematic approach in developing a competitive advantage
C) To allow the company to implement an intranet and develop automated processes
D) To determine company stockholder satisfaction
2. What is a common element of an effective diversity training program? Choose 1 answer
A) Completing a skills inventory
B) Building awareness
C) Identifying informal networks
D) Analyzing feedback
3. What describes a value chain? Choose 1 answer
A) It flows from raw materials to the delivery of products or services.
B) It allows an organization to manage diversity in multiple markets.
C) It is the internal strengths and weaknesses of an organization.
D) It creates a focus for organizational downsizing.
4. What isa clear and concise statement ofthe basic purpose of an organization? Choose 1 answer
A) Its vision
B) Its mission
C) Its objective
D) Its goal
5. Which process is used to verify that deliverables are correct and complete? Choose 1 answer
A) Quality Control
B) Quality Collaboration
C) Quality Assurance
D) Quality Cooperative
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |
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