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Exam Code: Principles-of-Management
Exam Name: Principles of Management at Western Governors University(IAC1)
Updated: Jun 18, 2026
Q & A: 50 Questions and Answers
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1. What is the most common way for entrepreneurs to finance a start-up business? Choose 1 answer
A) Initial public offering
B) SBA loan
C) Personal funds
D) Venture capital
2. At a university, older tenured faculty cannot be terminated regardless of their competence. This has caused conflict with younger, nontenured faculty. What is the source of conflict between older and younger faculty members? Choose 1 answer
A) Personal variables
B) Structure
C) Communication
D) Differing ideals
3. What is a Benefit of a boundaryless organization? Choose 1 answer
A) Employees are free to apply for other positions.
B) Employees may express their opinions freely.
C) Employees are allowed to form a union.
D) Employees have access to all buildings.
4. The manager of a corporation provided training and other resources needed by employees to carry out change and perform their jobs under new rules being implemented. Which approach to change was the manager using in this situation? Choose 1 answer
A) Education and communication
B) Participation and involvement
C) Negotiation and reward
D) Facilitation and support
5. What is a common consideration for starting a new business venture? Choose 1 answer
A) Access to information
B) Technical understanding
C) System changes
D) Right opportunity
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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