C201 Business Acumen
WGU C201 Business Acumen Latest Final
Assessment Exam UPDATE Graded A+
Complete Fully Solved 100% ORIGINAL
(ANSWERED)
Consumers can choose from hundreds of different kinds and
producers of cheese, each with a slightly different flavor and
texture. This type of market structure is known as _____.
A. pure competition
B. a monopoly
C. monopolistic competition
D. an oligopoly
C. monopolistic competition
Before the patent on its allergy medicine expired, Renova
Pharma Inc. was able to set its own market price for the drug.
From which type of market structure did the company benefit?
A. Monopolistic competition
,C201 Business Acumen
B. Monopoly
C. Oligopoly
D. Pure competition
B. Monopoly
United Narva is a nation in which industries like steel,
communications, electricity, railways, education, and health care
are owned by the government. The leaders of the nation believe
that it is detrimental to the public's interest to allow such core
industries to be owned by private firms. However, private
ownership is encouraged in industries like restaurants,
entertainment, and retail shops, which have a lower impact on
social welfare. Which of the following economic systems has
United Narva adopted?
A. Communism
B. Capitalism
C. Socialism
D. Individualism
C. Socialism
,C201 Business Acumen
A country has a strong private sector, along with publicly-owned
enterprises. Entrepreneurs and private-sector investors are
entitled to profits after paying taxes, and even state-owned
enterprises are expected to generate returns. What type of
economic system does this country have?
A. Socialism
B. Mixed economy
C. Self-managed economy
D. Communism
B. Mixed economy
Assume that the number of people wanting to buy houses in your
locality increases sharply. This will cause the price of houses to
increase, which is an example of _____.
A. demand-pull inflation
B. credit deflation
C. cost-push inflation
D. supply-side deflation
A. demand-pull inflation
, C201 Business Acumen
Farm laborers are out of work for some months after they have
harvested and sold their produce. This is an example of _____.
A. seasonal unemployment
B. cyclical unemployment
C. structural unemployment
D. frictional unemployment
A. seasonal unemployment
Tom has been unemployed for a long time because he has not
been able to find a job in which he can apply his specialized
knowledge about the Robostic Data System (RDS), a computer
system that is now obsolete. What type of unemployment is Tom
facing?
A. Seasonal unemployment
B. Structural unemployment
C. Frictional unemployment
D. Cyclical unemployment
WGU C201 Business Acumen Latest Final
Assessment Exam UPDATE Graded A+
Complete Fully Solved 100% ORIGINAL
(ANSWERED)
Consumers can choose from hundreds of different kinds and
producers of cheese, each with a slightly different flavor and
texture. This type of market structure is known as _____.
A. pure competition
B. a monopoly
C. monopolistic competition
D. an oligopoly
C. monopolistic competition
Before the patent on its allergy medicine expired, Renova
Pharma Inc. was able to set its own market price for the drug.
From which type of market structure did the company benefit?
A. Monopolistic competition
,C201 Business Acumen
B. Monopoly
C. Oligopoly
D. Pure competition
B. Monopoly
United Narva is a nation in which industries like steel,
communications, electricity, railways, education, and health care
are owned by the government. The leaders of the nation believe
that it is detrimental to the public's interest to allow such core
industries to be owned by private firms. However, private
ownership is encouraged in industries like restaurants,
entertainment, and retail shops, which have a lower impact on
social welfare. Which of the following economic systems has
United Narva adopted?
A. Communism
B. Capitalism
C. Socialism
D. Individualism
C. Socialism
,C201 Business Acumen
A country has a strong private sector, along with publicly-owned
enterprises. Entrepreneurs and private-sector investors are
entitled to profits after paying taxes, and even state-owned
enterprises are expected to generate returns. What type of
economic system does this country have?
A. Socialism
B. Mixed economy
C. Self-managed economy
D. Communism
B. Mixed economy
Assume that the number of people wanting to buy houses in your
locality increases sharply. This will cause the price of houses to
increase, which is an example of _____.
A. demand-pull inflation
B. credit deflation
C. cost-push inflation
D. supply-side deflation
A. demand-pull inflation
, C201 Business Acumen
Farm laborers are out of work for some months after they have
harvested and sold their produce. This is an example of _____.
A. seasonal unemployment
B. cyclical unemployment
C. structural unemployment
D. frictional unemployment
A. seasonal unemployment
Tom has been unemployed for a long time because he has not
been able to find a job in which he can apply his specialized
knowledge about the Robostic Data System (RDS), a computer
system that is now obsolete. What type of unemployment is Tom
facing?
A. Seasonal unemployment
B. Structural unemployment
C. Frictional unemployment
D. Cyclical unemployment
