WGU C201 BUSINESS ACUMEN
OBJECTIVE ASSESSMENT TWO LATEST
VERSIONS (VERSION A AND B) NEWEST
2026/2027 ACTUAL EXAM TEST BANK
COMPLETE Q & A (VERIFIED ANSWERS)
shares that give owners voting rights but only residual claims to the firm's assets
and income distributions - ANSWER Common Stock
strategy that tries to reduce the emphasis on price competition by matching other
firms' prices and concentrating their own marketing efforts on the product,
distribution, and promotional elements of the marketing mix -
ANSWER Competitive Pricing
Information systems that rely on computers and related technologies to store
information electronically in an organized, accessible manner. -
ANSWER Computer-based information system
allowances provided by marketers in which they share the cost of local advertising
of their firm's product or product line with channel partners -
ANSWER cooperative advertising
formulas that calculate total costs per unit and then add markups to cover
overhead costs and generate profits - ANSWER cost-based pricing
,persuasive type of promotional presentation - ANSWER Creative Selling
Raw facts and figures that may or may not be relevant to a business decision -
ANSWER Data
centralized integrated collection of data resources - ANSWER Database
gives direct support to business people during the decision-making process -
ANSWER Decision Support System (DSS)
less expensive and simpler versions of existing products and services that target an
entirely new group of customers - ANSWER disruptive innovation
sale of assets by a company - ANSWER divestiture
process by which accounting transactions are recorded; each transaction must have
an offsetting transaction - ANSWER double-entry bookkeeping
many different types of hardware networked together to create a seamless data
flow between organizations - ANSWER enterprise computing
infrastructure that facilitates the trading of equity securities and stocks -
ANSWER Exchanges
, lets senior executives access the company's primary databases, often by touching
the computer screen, pointing and clicking a mouse, or using voice recognition -
ANSWER Executive Support Systems (ESS)
computer program that imitates human thinking through complicated sets of if-
then rules - ANSWER Expert System
A federal agency that insures deposits at commercial and savings banks -
ANSWER Federal Deposit Insurance Corporation (FDIC)
the central bank of the United States - ANSWER Federal Reserve System
(FED)
planning for, obtaining, and managing a company's funds to accomplish its
objectives as effectively and efficiently as possible - ANSWER Finance
organization responsible for evaluating, setting, or modifying GAAP in the United
States - ANSWER Financial Accounting Standards Board (FASB)
intermediary between savers and borrowers, collecting funds from savers and then
lending the funds to individuals, businesses, and governments -
ANSWER Financial Institution
executive who develops and implements the firm's financial plan and determines
the most appropriate sources and uses of funds - ANSWER Financial Manager
, Markets in which securities are bought and sold - ANSWER Financial Market
document that specifies the funds needed by a firm for a period of time, the timing
of inflows and outflows, and the most appropriate sources and uses of funds -
ANSWER Financial Plan
process by which money flows from savers to users - ANSWER Financial
System
limits data transfers to certain locations and log system use so that managers can
identify attempts to log on with invalid passwords and other threats to a system's
security - ANSWER Firewall
principles that encompass the conventions, rules, and procedures for determining
acceptable accounting and financial reporting practices at a particular time -
ANSWER Generally Accepted Accounting Principles (GAAP)
innovative, low-cost marketing efforts designed to get consumers' attention in
unusual ways - ANSWER Guerilla Marketing
all tangible elements of a computer system - ANSWER Hardware
a financial record of a company's revenues, expenses, and profits over a given
period of time; also known as a profit-and-loss statement - ANSWER Income
Statement
OBJECTIVE ASSESSMENT TWO LATEST
VERSIONS (VERSION A AND B) NEWEST
2026/2027 ACTUAL EXAM TEST BANK
COMPLETE Q & A (VERIFIED ANSWERS)
shares that give owners voting rights but only residual claims to the firm's assets
and income distributions - ANSWER Common Stock
strategy that tries to reduce the emphasis on price competition by matching other
firms' prices and concentrating their own marketing efforts on the product,
distribution, and promotional elements of the marketing mix -
ANSWER Competitive Pricing
Information systems that rely on computers and related technologies to store
information electronically in an organized, accessible manner. -
ANSWER Computer-based information system
allowances provided by marketers in which they share the cost of local advertising
of their firm's product or product line with channel partners -
ANSWER cooperative advertising
formulas that calculate total costs per unit and then add markups to cover
overhead costs and generate profits - ANSWER cost-based pricing
,persuasive type of promotional presentation - ANSWER Creative Selling
Raw facts and figures that may or may not be relevant to a business decision -
ANSWER Data
centralized integrated collection of data resources - ANSWER Database
gives direct support to business people during the decision-making process -
ANSWER Decision Support System (DSS)
less expensive and simpler versions of existing products and services that target an
entirely new group of customers - ANSWER disruptive innovation
sale of assets by a company - ANSWER divestiture
process by which accounting transactions are recorded; each transaction must have
an offsetting transaction - ANSWER double-entry bookkeeping
many different types of hardware networked together to create a seamless data
flow between organizations - ANSWER enterprise computing
infrastructure that facilitates the trading of equity securities and stocks -
ANSWER Exchanges
, lets senior executives access the company's primary databases, often by touching
the computer screen, pointing and clicking a mouse, or using voice recognition -
ANSWER Executive Support Systems (ESS)
computer program that imitates human thinking through complicated sets of if-
then rules - ANSWER Expert System
A federal agency that insures deposits at commercial and savings banks -
ANSWER Federal Deposit Insurance Corporation (FDIC)
the central bank of the United States - ANSWER Federal Reserve System
(FED)
planning for, obtaining, and managing a company's funds to accomplish its
objectives as effectively and efficiently as possible - ANSWER Finance
organization responsible for evaluating, setting, or modifying GAAP in the United
States - ANSWER Financial Accounting Standards Board (FASB)
intermediary between savers and borrowers, collecting funds from savers and then
lending the funds to individuals, businesses, and governments -
ANSWER Financial Institution
executive who develops and implements the firm's financial plan and determines
the most appropriate sources and uses of funds - ANSWER Financial Manager
, Markets in which securities are bought and sold - ANSWER Financial Market
document that specifies the funds needed by a firm for a period of time, the timing
of inflows and outflows, and the most appropriate sources and uses of funds -
ANSWER Financial Plan
process by which money flows from savers to users - ANSWER Financial
System
limits data transfers to certain locations and log system use so that managers can
identify attempts to log on with invalid passwords and other threats to a system's
security - ANSWER Firewall
principles that encompass the conventions, rules, and procedures for determining
acceptable accounting and financial reporting practices at a particular time -
ANSWER Generally Accepted Accounting Principles (GAAP)
innovative, low-cost marketing efforts designed to get consumers' attention in
unusual ways - ANSWER Guerilla Marketing
all tangible elements of a computer system - ANSWER Hardware
a financial record of a company's revenues, expenses, and profits over a given
period of time; also known as a profit-and-loss statement - ANSWER Income
Statement
