WGU C201 BUSINESS ACUMEN FULL ACTUAL EXAM (GRADED A+)
2025/2026 WITH COMPLETE SOLUTIONS
Which part of the organizing process aids in effective and efficient progress toward planned
goals and often results in changes within the organization?
A. Promoting vision
B. Evaluating results
C. Turning strategy into action
D. Determining the specific activities
B. Evaluating results
What is the result of a company increasing the delegation of authority and the span of
control?
A. Centralized decision making
B. Increased number of managers at the upper management level
C. Increased number of direct reports per manager
D. Increased decision-making authority given to employees
D. Increased decision-making authority given to employees
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
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
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
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
B. Structural unemployment
Which of the following is true of monetary policy?
A. It is a mechanism to control the flow of foreign currency into a nation by reducing its
exports.
B. It uses variations In interest rate and money supply to influence a nation's economy.
C. It uses taxation and spending to control economic activities.
D. It is dictated by international organizations like the United Nations.
B. It uses variations In interest rate and money supply to influence a nation's economy.
Fiscal policy involves:
A. adjusting money supply by varying the exchange rate of the national currency.
B. influencing economic activities by making decisions about taxes and government
spending.
C. curbing political activities by limiting the spending on political campaigns.
2025/2026 WITH COMPLETE SOLUTIONS
Which part of the organizing process aids in effective and efficient progress toward planned
goals and often results in changes within the organization?
A. Promoting vision
B. Evaluating results
C. Turning strategy into action
D. Determining the specific activities
B. Evaluating results
What is the result of a company increasing the delegation of authority and the span of
control?
A. Centralized decision making
B. Increased number of managers at the upper management level
C. Increased number of direct reports per manager
D. Increased decision-making authority given to employees
D. Increased decision-making authority given to employees
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
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
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
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
B. Structural unemployment
Which of the following is true of monetary policy?
A. It is a mechanism to control the flow of foreign currency into a nation by reducing its
exports.
B. It uses variations In interest rate and money supply to influence a nation's economy.
C. It uses taxation and spending to control economic activities.
D. It is dictated by international organizations like the United Nations.
B. It uses variations In interest rate and money supply to influence a nation's economy.
Fiscal policy involves:
A. adjusting money supply by varying the exchange rate of the national currency.
B. influencing economic activities by making decisions about taxes and government
spending.
C. curbing political activities by limiting the spending on political campaigns.
