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WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 TEST EXAM|| VERSIONS (A, B&C) ALL
QUESTIONS AND 100% CORRECT ANSWERS ALREADY
GRADED A+|| LATEST UPDATE WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!
VERSION A
Which part of the organizing process aids in effective and efficient progress toward
planned goals and often results in changes within the organization? - ANSWER:
evaluating results
What is the result of a company increasing the delegation of authority and the span
of control? - ANSWER: Increased decision-making authority given to employees
Which primary driver does management use for an organization's structure? -
ANSWER: Achievement of company goals
Which two risks does a firm face by funding the purchase of long-term assets with
short-term funding sources? - ANSWER: volatility of interest rates and frequent
renewals
Which step in the organizing process results in management grouping work
activities into units within the organization? - ANSWER: departmentalization
After years of marketing a body lotion, a cosmetics company begins promoting the
lotion as an insect repellent as well.
In which three product life cycle extension strategies did this company engage? -
ANSWER: adding new users, increasing frequency of use and finding new uses
for the product
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Which manufacturer distribution model is enhanced by the shipping and tracking
capabilities of a global package delivery service? - ANSWER: direct
Which three tasks are key responsibilities of operations managers? - ANSWER:
Planning the overall production process
Implementing the production plan
Determining the best layout for the firm's facilities
Which manufacturing model uses technology to produce small runs of customized
products cost effectively? - ANSWER: flexible
Which two of the following distribution channels would take title of the products
they handle? - ANSWER: Limited-function merchant wholesaler
Full-function merchant wholesaler
Which three sources should a business consider when seeking a long-term funding
source? - ANSWER: venture capital, public sale of stocks and hedge funds
In which type of security should a business invest its excess cash in anticipation of
paying off the current year's tax liability? - ANSWER: commercial paper
Which role does the underwriter play in financing business operations when using
the capital market to sell securities to the public? - ANSWER: It assumes the risk
of the assessed value of the security from the issuer
Why should a manager use financial controls in a firm's financial plan? -
ANSWER: To determine the accuracy of forecasted revenues, costs, and expenses
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What should a firm do to manage the risk of using leverage when exploring long-
term funding options? - ANSWER: Ensure that earnings remain larger than
interest payments
Which financial statement should an investor examine to identify the liabilities of a
firm? - ANSWER: The balance sheet
A company wishes to determine if it should fund a project with bonds or
equity.Which business concept would it most likely use to assist in the decision? -
ANSWER: leverage
Why should companies that are conservative investors with liquidity concerns
invest their excess cash in money market funds? - ANSWER: It converts easily
into cash.
Which users of financial statements use the financial statements to evaluate
operations of the firm and to make investment decisions? - ANSWER: Owners
and creditors
Microeconomics is the study of - ANSWER: how households and firms make
choices, how they interact in markets, and how the government attempts to
influence their choices, supply and demand
Macroeconomics - ANSWER: the study of economy-wide phenomena, including
inflation, unemployment, and economic growth
Which policy is used to manage the economy using government spending and
taxation? - ANSWER: Fiscal
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A specific economic situation when price and demand rise together. - ANSWER:
inflation
Which type of competition requires government regulation for entry? - ANSWER:
Monopoly
Lights out facility - ANSWER: 100% automation production of goods
3 types of production - ANSWER: mass, flexible, consumer driven
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
MRP - ANSWER: The computer-based planning system used by production
managers to ensure parts and materials are on hand.
Which type of production utilizes the most information technology (automation)? -
ANSWER: Flexible
What are the four strategies of marketing mix elements - ANSWER: product,
(place) distribution, promotional, pricing
Integrated marketing communications - ANSWER: The coordination of all
promotional activities—media advertising, direct mail, personal selling, sales
promotion, and public relations—to produce a unified, customer-focused message.
4 types of financial statements - ANSWER: 1. Balance Sheet
2. Income Statement
3. Statement of Retained Earnings
WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 TEST EXAM|| VERSIONS (A, B&C) ALL
QUESTIONS AND 100% CORRECT ANSWERS ALREADY
GRADED A+|| LATEST UPDATE WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!
VERSION A
Which part of the organizing process aids in effective and efficient progress toward
planned goals and often results in changes within the organization? - ANSWER:
evaluating results
What is the result of a company increasing the delegation of authority and the span
of control? - ANSWER: Increased decision-making authority given to employees
Which primary driver does management use for an organization's structure? -
ANSWER: Achievement of company goals
Which two risks does a firm face by funding the purchase of long-term assets with
short-term funding sources? - ANSWER: volatility of interest rates and frequent
renewals
Which step in the organizing process results in management grouping work
activities into units within the organization? - ANSWER: departmentalization
After years of marketing a body lotion, a cosmetics company begins promoting the
lotion as an insect repellent as well.
In which three product life cycle extension strategies did this company engage? -
ANSWER: adding new users, increasing frequency of use and finding new uses
for the product
,2|Page
Which manufacturer distribution model is enhanced by the shipping and tracking
capabilities of a global package delivery service? - ANSWER: direct
Which three tasks are key responsibilities of operations managers? - ANSWER:
Planning the overall production process
Implementing the production plan
Determining the best layout for the firm's facilities
Which manufacturing model uses technology to produce small runs of customized
products cost effectively? - ANSWER: flexible
Which two of the following distribution channels would take title of the products
they handle? - ANSWER: Limited-function merchant wholesaler
Full-function merchant wholesaler
Which three sources should a business consider when seeking a long-term funding
source? - ANSWER: venture capital, public sale of stocks and hedge funds
In which type of security should a business invest its excess cash in anticipation of
paying off the current year's tax liability? - ANSWER: commercial paper
Which role does the underwriter play in financing business operations when using
the capital market to sell securities to the public? - ANSWER: It assumes the risk
of the assessed value of the security from the issuer
Why should a manager use financial controls in a firm's financial plan? -
ANSWER: To determine the accuracy of forecasted revenues, costs, and expenses
,3|Page
What should a firm do to manage the risk of using leverage when exploring long-
term funding options? - ANSWER: Ensure that earnings remain larger than
interest payments
Which financial statement should an investor examine to identify the liabilities of a
firm? - ANSWER: The balance sheet
A company wishes to determine if it should fund a project with bonds or
equity.Which business concept would it most likely use to assist in the decision? -
ANSWER: leverage
Why should companies that are conservative investors with liquidity concerns
invest their excess cash in money market funds? - ANSWER: It converts easily
into cash.
Which users of financial statements use the financial statements to evaluate
operations of the firm and to make investment decisions? - ANSWER: Owners
and creditors
Microeconomics is the study of - ANSWER: how households and firms make
choices, how they interact in markets, and how the government attempts to
influence their choices, supply and demand
Macroeconomics - ANSWER: the study of economy-wide phenomena, including
inflation, unemployment, and economic growth
Which policy is used to manage the economy using government spending and
taxation? - ANSWER: Fiscal
, 4|Page
A specific economic situation when price and demand rise together. - ANSWER:
inflation
Which type of competition requires government regulation for entry? - ANSWER:
Monopoly
Lights out facility - ANSWER: 100% automation production of goods
3 types of production - ANSWER: mass, flexible, consumer driven
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
MRP - ANSWER: The computer-based planning system used by production
managers to ensure parts and materials are on hand.
Which type of production utilizes the most information technology (automation)? -
ANSWER: Flexible
What are the four strategies of marketing mix elements - ANSWER: product,
(place) distribution, promotional, pricing
Integrated marketing communications - ANSWER: The coordination of all
promotional activities—media advertising, direct mail, personal selling, sales
promotion, and public relations—to produce a unified, customer-focused message.
4 types of financial statements - ANSWER: 1. Balance Sheet
2. Income Statement
3. Statement of Retained Earnings
