QUIZ WGU PRINCIPLES-OF-MANAGEMENT PRINCIPLES OF MANAGEMENT AT WESTERN GOVERNORS UNIVERSITY(IAC1) FIRST-GRADE LATEST REAL TEST

Quiz WGU Principles-of-Management Principles of Management at Western Governors University(IAC1) First-grade Latest Real Test

Quiz WGU Principles-of-Management Principles of Management at Western Governors University(IAC1) First-grade Latest Real Test

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WGU Principles of Management at Western Governors University(IAC1) Sample Questions (Q26-Q31):

NEW QUESTION # 26
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. Religion
  • B. Disability status
  • C. Age
  • D. Fitness level

Answer: D

Explanation:
When considering equal employment opportunity law for a promotion decision, characteristics such as fitness level can be used, provided they are relevant to the job requirements. Characteristics like religion, disability status, and age are protected under EEO laws and cannot be used as criteria for employment decisions. Fitness level, however, can be considered if it is a bona fide occupational qualification necessary for the performance of the job.


NEW QUESTION # 27
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.

Answer: A

Explanation:
The value chain describes the full range of activities that businesses go through to bring a product or service from conception to delivery and beyond. The concept was popularized by Michael Porter in his 1985 book
"Competitive Advantage: Creating and Sustaining Superior Performance."
* Definition and Scope: A value chain encompasses all the processes involved in the creation of a product or service. This includes:
* Sourcing raw materials.
* Production processes.
* Marketing and sales.
* Distribution and delivery.
* Customer service post-delivery.
* Primary Activities:
* Inbound Logistics: Receiving, storing, and disseminating inputs of the product.
* Operations: Transforming inputs into the final product.
* Outbound Logistics: Collecting, storing, and distributing the product to customers.
* Marketing and Sales: Persuading customers to purchase the product.
* Services: Activities that maintain and enhance the product's value, such as customer service.
* Support Activities:
* Procurement: Acquiring the resources a company needs to operate.
* Technology Development: Research and development, IT, automation, etc.
* Human Resource Management: Recruiting, hiring, training, and retaining workers.
* Firm Infrastructure: Organizational structure, control systems, company culture, etc.
* Example of Value Chain: The textbook provides an example of Walmart's value chain to illustrate how a company adds value at each step of the process, from procurement to delivery.
* Importance: Understanding and optimizing the value chain allows companies to identify where they can add value, reduce costs, and gain competitive advantage. Companies can use this analysis to find opportunities for improvement, innovation, and efficiency in their processes.


NEW QUESTION # 28
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 tone differences
  • B. Barrier caused by relativism
  • C. Barrier caused by semantics
  • D. Barrier caused by differences among perceptions

Answer: C

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 # 29
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 vision
  • B. Strategic analysis
  • C. Strategic mission
  • D. Strategic competencies

Answer: A

Explanation:
The CEO's statement about the long-term goal of the corporation reflects the strategic vision. A strategic vision articulates what the organization aspires to achieve in the future, guiding its direction and efforts. It is a broad statement that defines the desired long-term outcomes and the future state the company aims to reach.


NEW QUESTION # 30
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. Collaboration tracking matrix
  • B. Entrepreneurial strategy matrix
  • C. Entrepreneurial loss function diagram
  • D. Innovation creation diagram

Answer: B

Explanation:
Entrepreneurs who want to start a new business need to assess levels of risk and innovation involved in establishing a new venture. The tool commonly used to assess these dimensions is the Entrepreneurial Strategy Matrix.
* Entrepreneurial Strategy Matrix(Answer D): This matrix helps entrepreneurs evaluate their business ideas by plotting the level of innovation (low to high) against the level of risk (low to high). This analysis aids in understanding the feasibility and potential success of the new venture by identifying which strategies are likely to succeed given the level of risk and innovation involved.
* Collaboration Tracking Matrix(Answer A) andInnovation Creation Diagram(Answer B): These are not standard tools used to assess risk and innovation in entrepreneurship as described in the textbook.
* Entrepreneurial Loss Function Diagram(Answer C): This is not a recognized tool for assessing risk and innovation in entrepreneurial ventures as per the principles of management.


NEW QUESTION # 31
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