WGU C201 Business Acumen Frequently
Tested Exam Questions With Verified
Multiple Choice and Conceptual Actual 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. Which financial statement should an investor examine to identify the
liabilities of a firm?
A. The balance sheet
B. The income statement
C. The statement of owner's equity
D. The statement of cash flows - ANSWER A. The balance sheet
2. Which calculation determines a firm's return on equity?
A. Average equity divided by net income
B. Net income divided by average equity
C. Shareholder's equity divided by gross profit
D. Gross profit divided by shareholder's equity - ANSWER B. Net
income divided by average equity
3. What is considered the heart of any information system?
A. The operating system
B. The applications
C. The database
D. The physical infrastructure - ANSWER C. The database
,4. Which type of information system should be accessed by the vice president
of sales for a national department store chain who wants to see the
previous day's sales receipts?
A. An expert information system
B. A decision support system
C. A process control system
D. A transaction processing system - ANSWER D. A transaction
processing system
5. How does a virtual private network contribute to a firm's workforce
productivity?
A. Employees have dedicated resources solely for their use on the
corporate network.
B. A VPN pools network resources for employee use when working
remotely.
C. Employees are enabled to work remotely with secure connectivity to
the corporate network via the internet.
D. A carrier's facilities provide a secure, dedicated connection to the
corporate network. - ANSWER C. Employees are enabled to work
remotely with secure connectivity to the corporate network via the
internet.
6. For which type of communication should employees have an ethical
expectation of privacy from company monitoring?
A. Personal calls made on company phones
B. Personal emails sent from work computers
C. Personal letters sent through the company mail room
D. Personal emails received on work accounts - ANSWER C. Personal
letters sent through the company mail room
,7. Which activity raises ethical issues heightened by the capabilities of data
mining?
A. Giving customers a choice to store their data or not
B. Storing customer data for transactional convenience
C. Using customer data for company marketing campaigns
D. Selling customer data for external marketing research - ANSWER
D. Selling customer data for external marketing research
8. Which intent of spyware creates a company security issue?
A. The intent to sabotage programs with malicious intent
B. The intent to destroy data contained on storage devices
C. The intent to report on a user's Internet activity
D. The intent to deny network access to outside users - ANSWER C.
The intent to report on a user's Internet activity
9. In general, as price of a good or service increases, the quantity demanded:
A. first increases and then decreases irrespective of the product type.
B. declines.
C. increases.
D. remains the same irrespective of the product type. - ANSWER B.
declines.
10.A graph showing the amount of a product that buyers will purchase at
different prices is the _____ curve.
A. utility
, B. production possibility
C. supply
D. demand - ANSWER D. demand
11.Incentives to motivate employees to perform at their highest level are
strongest in _____ systems.
A. capitalist
B. communist
C. socialist
D. collectivist - ANSWER A. capitalist
12.Flora Cult Inc., an exporter of flowers across the globe, operates in an
industry where there are many sellers and buyers. This makes it difficult for
any one single seller or buyer to influence the market price of the flowers.
Also, it is difficult for sellers or exporters to differentiate their products from
each other. What type of market structure does this illustrate?
A. Oligopoly
B. Monopoly
C. Monopolistic competition
D. Pure competition - ANSWER D. Pure competition
13.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 - ANSWER C. monopolistic competition
Tested Exam Questions With Verified
Multiple Choice and Conceptual Actual 100%
Correct Detailed Answers
Guaranteed Pass!!Current Update!!
1. Which financial statement should an investor examine to identify the
liabilities of a firm?
A. The balance sheet
B. The income statement
C. The statement of owner's equity
D. The statement of cash flows - ANSWER A. The balance sheet
2. Which calculation determines a firm's return on equity?
A. Average equity divided by net income
B. Net income divided by average equity
C. Shareholder's equity divided by gross profit
D. Gross profit divided by shareholder's equity - ANSWER B. Net
income divided by average equity
3. What is considered the heart of any information system?
A. The operating system
B. The applications
C. The database
D. The physical infrastructure - ANSWER C. The database
,4. Which type of information system should be accessed by the vice president
of sales for a national department store chain who wants to see the
previous day's sales receipts?
A. An expert information system
B. A decision support system
C. A process control system
D. A transaction processing system - ANSWER D. A transaction
processing system
5. How does a virtual private network contribute to a firm's workforce
productivity?
A. Employees have dedicated resources solely for their use on the
corporate network.
B. A VPN pools network resources for employee use when working
remotely.
C. Employees are enabled to work remotely with secure connectivity to
the corporate network via the internet.
D. A carrier's facilities provide a secure, dedicated connection to the
corporate network. - ANSWER C. Employees are enabled to work
remotely with secure connectivity to the corporate network via the
internet.
6. For which type of communication should employees have an ethical
expectation of privacy from company monitoring?
A. Personal calls made on company phones
B. Personal emails sent from work computers
C. Personal letters sent through the company mail room
D. Personal emails received on work accounts - ANSWER C. Personal
letters sent through the company mail room
,7. Which activity raises ethical issues heightened by the capabilities of data
mining?
A. Giving customers a choice to store their data or not
B. Storing customer data for transactional convenience
C. Using customer data for company marketing campaigns
D. Selling customer data for external marketing research - ANSWER
D. Selling customer data for external marketing research
8. Which intent of spyware creates a company security issue?
A. The intent to sabotage programs with malicious intent
B. The intent to destroy data contained on storage devices
C. The intent to report on a user's Internet activity
D. The intent to deny network access to outside users - ANSWER C.
The intent to report on a user's Internet activity
9. In general, as price of a good or service increases, the quantity demanded:
A. first increases and then decreases irrespective of the product type.
B. declines.
C. increases.
D. remains the same irrespective of the product type. - ANSWER B.
declines.
10.A graph showing the amount of a product that buyers will purchase at
different prices is the _____ curve.
A. utility
, B. production possibility
C. supply
D. demand - ANSWER D. demand
11.Incentives to motivate employees to perform at their highest level are
strongest in _____ systems.
A. capitalist
B. communist
C. socialist
D. collectivist - ANSWER A. capitalist
12.Flora Cult Inc., an exporter of flowers across the globe, operates in an
industry where there are many sellers and buyers. This makes it difficult for
any one single seller or buyer to influence the market price of the flowers.
Also, it is difficult for sellers or exporters to differentiate their products from
each other. What type of market structure does this illustrate?
A. Oligopoly
B. Monopoly
C. Monopolistic competition
D. Pure competition - ANSWER D. Pure competition
13.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 - ANSWER C. monopolistic competition
