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WGU Principles of Management at Western Governors University(IAC1) Sample Questions (Q42-Q47):

NEW QUESTION # 42
What is the activity called when a corporate project team is created to develop a new product? Choose 1 answer

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

Answer: D

Explanation:
The activity of creating a corporate project team to develop a new product is called intrapreneurship.
Intrapreneurship refers to the practice of fostering innovation and entrepreneurial skills within an organization by allowing employees to act like entrepreneurs while working within the company. This approach encourages the development of new products and services and enhances organizational growth.

NEW QUESTION # 43
An executive arrived in a country and was instructed to take the "lift" to the second floor. The executive did not understand the meaning of "lift." Which type of cross-cultural communication barrier is this? Choose 1 answer

A. Barrier caused by differences among perceptions
B. Barrier caused by relativism
C. Barrier caused by tone differences
D. Barrier caused by semantics

Answer: D

Explanation:
The type of cross-cultural communication barrier experienced by the executive who did not understand the meaning of "lift" is a barrier caused by semantics. Semantics barriers arise from differences in the meaning of words and phrases used in different cultures or regions. In this case, "lift" is a British English term for what is known as an "elevator" in American English, leading to confusion.

NEW QUESTION # 44
Which management process has the benefits of group problem solving, information sharing, and cooperation across business functions? Choose 1 answer

A. Change Control
B. Total Quality Management
C. Criteria for Growth
D. Total Control Management

Answer: B

Explanation:
Total Quality Management (TQM) has the benefits of group problem solving, information sharing, and cooperation across business functions. TQM focuses on continuous improvement in all aspects of an organization's operations and involves all employees from top management to front-line workers. It encourages participation in decision-making and emphasizes collaboration and teamwork across different functions.

NEW QUESTION # 45
What is the main focus of SWOT analysis? Choose 1 answer

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

Answer: A

Explanation:
The main focus of SWOT analysis is to uncover an organization's strengths and weaknesses, along with identifying opportunities and threats. SWOT, which stands for Strengths, Weaknesses, Opportunities, and Threats, is a strategic tool used to understand the internal capabilities and external possibilities and risks facing an organization. This analysis helps in identifying what the organization does well and where it may need improvement, thus forming a basis for strategic planning.

NEW QUESTION # 46
What is the process that Includes automation or support of customer processes, direct communication with customers, and analysis of customer data for a broad range of purposes? Choose 1 answer

A. Customer liaison policy
B. Customer association organization
C. Customer connection society
D. Customer relationship management

Answer: D

Explanation:
The process that includes automation or support of customer processes, direct communication with customers, and analysis of customer data for a broad range of purposes is Customer Relationship Management (CRM).
CRM systems help organizations manage interactions with current and potential customers, streamline processes, and improve profitability by using customer data analysis for various business strategies.

NEW QUESTION # 47
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