1|P a g e
u u
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT u u u u u
2 TEST EXAM|| VERSIONS (A, B&C) ALL QUESTIONS AND
u u u u u u u u u u
100% CORRECT ANSWERS ALREADY GRADED A+|| LATE u u u u u u
ST UPDATE WITH VERIFIED SOLUTIONS|| ASSURED PASS
u u u u u u
!!
VERSION A u
Which part of the organizing process aids in effective and efficient progress toward pl
u u u u u u u u u u u u u
anned goals and often results in changes within the organization? -
u u u u u u u u u u
ANSWER: evaluating results
u u u
What is the result of a company increasing the delegation of authority and the span of c
u u u u u u u u u u u u u u u u
ontrol? - ANSWER: Increased decision-making authority given to employees
u u u u u u u u
Which primary driver does management use for an organization's structure? -
u u u u u u u u u u
ANSWER: Achievement of company goals
u u u u u
Which two risks does a firm face by funding the purchase of long-
u u u u u u u u u u u u
term assets with short-term funding sources? -
u u u u u u
uANSWER: volatility of interest rates and frequent renewals u u u u u u u
Which step in the organizing process results in management grouping work activities i
u u u u u u u u u u u u
nto units within the organization? - ANSWER: departmentalization
u u u u u u u
After years of marketing a body lotion, a cosmetics company begins promoting the loti
u u u u u u u u u u u u u
on as an insect repellent as well.
u u u u u u
In which three product life cycle extension strategies did this company engage? -
u u u u u u u u u u u u
ANSWER: adding new users, increasing frequency of use and finding new uses for th
u u u u u u u u u u u u u u
e product
u
,2|P a g e
u u
Which manufacturer distribution model is enhanced by the shipping and tracking capa
u u u u u u u u u u u
bilities of a global package delivery service? - ANSWER: direct
u u u u u u u u u
Which three tasks are key responsibilities of operations managers? -
u u u u u u u u u
ANSWER: Planning the overall production process
u u u u u u
Implementing the production plan u u u
Determining the best layout for the firm's facilities u u u u u u u
Which manufacturing model uses technology to produce small runs of customized pro
u u u u u u u u u u u
ducts cost effectively? - ANSWER: flexible
u u u u u
Which two of the following distribution channels would take title of the products they
u u u u u u u u u u u u u u
handle? - ANSWER: Limited-function merchant wholesaler
u u u u u
Full-function merchant wholesaler u u
Which three sources should a business consider when seeking a long-
u u u u u u u u u u
term funding source? -
u u u
uANSWER: venture capital, public sale of stocks and hedge funds
u u u u u u u u u
In which type of security should a business invest its excess cash in anticipation of payi
u u u u u u u u u u u u u u u
ng off the current year's tax liability? - ANSWER: commercial paper
u u u u u u u u u u
Which role does the underwriter play in financing business operations when using the
u u u u u u u u u u u u u
capital market to sell securities to the public? -
u u u u u u u u
ANSWER: It assumes the risk of the assessed value of the security from the issuer
u u u u u u u u u u u u u u u
Why should a manager use financial controls in a firm's financial plan? -
u u u u u u u u u u u u
ANSWER: To determine the accuracy of forecasted revenues, costs, and expenses
u u u u u u u u u u u
,3|P a g e
u u
What should a firm do to manage the risk of using leverage when exploring long-
u u u u u u u u u u u u u u
term funding options? - u u u
uANSWER: Ensure that earnings remain larger than interest payments
u u u u u u u u
Which financial statement should an investor examine to identify the liabilities of a fir
u u u u u u u u u u u u u
m? - ANSWER: The balance sheet
u u u u u
A company wishes to determine if it should fund a project with bonds or equity.Which
u u u u u u u u u u u u u u u
business concept would it most likely use to assist in the decision? -
u u u u u u u u u u u u
ANSWER: leverage
u u
Why should companies that are conservative investors with liquidity concerns invest t
u u u u u u u u u u u
heir excess cash in money market funds? - ANSWER: It converts easily into cash.
u u u u u u u u u u u u u
Which users of financial statements use the financial statements to evaluate operations
u u u u u u u u u u u
of the firm and to make investment decisions? - ANSWER: Owners and creditors
u u u u u u u u u u u u u
Microeconomics is the study of - u u u u u
ANSWER: how households and firms make choices, how they interact in markets, an
u u u u u u u u u u u u u
d how the government attempts to influence their choices, supply and demand
u u u u u u u u u u u
Macroeconomics - ANSWER: the study of economy- u u u u u u
wide phenomena, including inflation, unemployment, and economic growth
u u u u u u u
Which policy is used to manage the economy using government spending and taxation
u u u u u u u u u u u u
? - ANSWER: Fiscal
u u u
A specific economic situation when price and demand rise together. -
u u u u u u u u u u
ANSWER: inflation
u u
, 4|P a g e
u u
Which type of competition requires government regulation for entry? -
u u u u u u u u u
ANSWER: Monopoly
u u
Lights out facility - ANSWER: 100% automation production of goods
u u u u u u u u u
3 types of production - ANSWER: mass, flexible, consumer driven
u u u u u u u u u
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
u u u u u u u u u
MRP - ANSWER: The computer-
u u u u
based planning system used by production managers to ensure parts and materials are
u u u u u u u u u u u u u
on hand. u
Which type of production utilizes the most information technology (automation)? -
u u u u u u u u u u
ANSWER: Flexible
u u
What are the four strategies of marketing mix elements -
u u u u u u u u u
ANSWER: product, (place) distribution, promotional, pricing
u u u u u u
Integrated marketing communications - u u u
ANSWER: The coordination of all promotional activities—
u u u u u u u
media advertising, direct mail, personal selling, sales promotion, and public relations
u u u u u u u u u u
—to produce a unified, customer-focused message.
u u u u u
4 types of financial statements - ANSWER: 1. Balance Sheet
u u u u u u u u u
2. Income Statement
u u
3. Statement of Retained Earnings
u u u u
u u
WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT u u u u u
2 TEST EXAM|| VERSIONS (A, B&C) ALL QUESTIONS AND
u u u u u u u u u u
100% CORRECT ANSWERS ALREADY GRADED A+|| LATE u u u u u u
ST UPDATE WITH VERIFIED SOLUTIONS|| ASSURED PASS
u u u u u u
!!
VERSION A u
Which part of the organizing process aids in effective and efficient progress toward pl
u u u u u u u u u u u u u
anned goals and often results in changes within the organization? -
u u u u u u u u u u
ANSWER: evaluating results
u u u
What is the result of a company increasing the delegation of authority and the span of c
u u u u u u u u u u u u u u u u
ontrol? - ANSWER: Increased decision-making authority given to employees
u u u u u u u u
Which primary driver does management use for an organization's structure? -
u u u u u u u u u u
ANSWER: Achievement of company goals
u u u u u
Which two risks does a firm face by funding the purchase of long-
u u u u u u u u u u u u
term assets with short-term funding sources? -
u u u u u u
uANSWER: volatility of interest rates and frequent renewals u u u u u u u
Which step in the organizing process results in management grouping work activities i
u u u u u u u u u u u u
nto units within the organization? - ANSWER: departmentalization
u u u u u u u
After years of marketing a body lotion, a cosmetics company begins promoting the loti
u u u u u u u u u u u u u
on as an insect repellent as well.
u u u u u u
In which three product life cycle extension strategies did this company engage? -
u u u u u u u u u u u u
ANSWER: adding new users, increasing frequency of use and finding new uses for th
u u u u u u u u u u u u u u
e product
u
,2|P a g e
u u
Which manufacturer distribution model is enhanced by the shipping and tracking capa
u u u u u u u u u u u
bilities of a global package delivery service? - ANSWER: direct
u u u u u u u u u
Which three tasks are key responsibilities of operations managers? -
u u u u u u u u u
ANSWER: Planning the overall production process
u u u u u u
Implementing the production plan u u u
Determining the best layout for the firm's facilities u u u u u u u
Which manufacturing model uses technology to produce small runs of customized pro
u u u u u u u u u u u
ducts cost effectively? - ANSWER: flexible
u u u u u
Which two of the following distribution channels would take title of the products they
u u u u u u u u u u u u u u
handle? - ANSWER: Limited-function merchant wholesaler
u u u u u
Full-function merchant wholesaler u u
Which three sources should a business consider when seeking a long-
u u u u u u u u u u
term funding source? -
u u u
uANSWER: venture capital, public sale of stocks and hedge funds
u u u u u u u u u
In which type of security should a business invest its excess cash in anticipation of payi
u u u u u u u u u u u u u u u
ng off the current year's tax liability? - ANSWER: commercial paper
u u u u u u u u u u
Which role does the underwriter play in financing business operations when using the
u u u u u u u u u u u u u
capital market to sell securities to the public? -
u u u u u u u u
ANSWER: It assumes the risk of the assessed value of the security from the issuer
u u u u u u u u u u u u u u u
Why should a manager use financial controls in a firm's financial plan? -
u u u u u u u u u u u u
ANSWER: To determine the accuracy of forecasted revenues, costs, and expenses
u u u u u u u u u u u
,3|P a g e
u u
What should a firm do to manage the risk of using leverage when exploring long-
u u u u u u u u u u u u u u
term funding options? - u u u
uANSWER: Ensure that earnings remain larger than interest payments
u u u u u u u u
Which financial statement should an investor examine to identify the liabilities of a fir
u u u u u u u u u u u u u
m? - ANSWER: The balance sheet
u u u u u
A company wishes to determine if it should fund a project with bonds or equity.Which
u u u u u u u u u u u u u u u
business concept would it most likely use to assist in the decision? -
u u u u u u u u u u u u
ANSWER: leverage
u u
Why should companies that are conservative investors with liquidity concerns invest t
u u u u u u u u u u u
heir excess cash in money market funds? - ANSWER: It converts easily into cash.
u u u u u u u u u u u u u
Which users of financial statements use the financial statements to evaluate operations
u u u u u u u u u u u
of the firm and to make investment decisions? - ANSWER: Owners and creditors
u u u u u u u u u u u u u
Microeconomics is the study of - u u u u u
ANSWER: how households and firms make choices, how they interact in markets, an
u u u u u u u u u u u u u
d how the government attempts to influence their choices, supply and demand
u u u u u u u u u u u
Macroeconomics - ANSWER: the study of economy- u u u u u u
wide phenomena, including inflation, unemployment, and economic growth
u u u u u u u
Which policy is used to manage the economy using government spending and taxation
u u u u u u u u u u u u
? - ANSWER: Fiscal
u u u
A specific economic situation when price and demand rise together. -
u u u u u u u u u u
ANSWER: inflation
u u
, 4|P a g e
u u
Which type of competition requires government regulation for entry? -
u u u u u u u u u
ANSWER: Monopoly
u u
Lights out facility - ANSWER: 100% automation production of goods
u u u u u u u u u
3 types of production - ANSWER: mass, flexible, consumer driven
u u u u u u u u u
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
u u u u u u u u u
MRP - ANSWER: The computer-
u u u u
based planning system used by production managers to ensure parts and materials are
u u u u u u u u u u u u u
on hand. u
Which type of production utilizes the most information technology (automation)? -
u u u u u u u u u u
ANSWER: Flexible
u u
What are the four strategies of marketing mix elements -
u u u u u u u u u
ANSWER: product, (place) distribution, promotional, pricing
u u u u u u
Integrated marketing communications - u u u
ANSWER: The coordination of all promotional activities—
u u u u u u u
media advertising, direct mail, personal selling, sales promotion, and public relations
u u u u u u u u u u
—to produce a unified, customer-focused message.
u u u u u
4 types of financial statements - ANSWER: 1. Balance Sheet
u u u u u u u u u
2. Income Statement
u u
3. Statement of Retained Earnings
u u u u
