WGU C954 IT MANAGEMENT EXAM 2026
QUESTIONS AND VERIFIED ANSWERS 100%
CORRECT
◉ liability. Answer: an obligation to make financial payments
◉ income statement. Answer: an obligation to make financial
payments
◉ net income. Answer: amount of money remaining after paying
taxes
◉ statement of owners equity. Answer: tracks and communicates
changes in the shareholders earnings
◉ dividend. Answer: distribution of earnings to shareholders
◉ statement of cash flows. Answer: Summarizes sources and uses of
cash, indicates whether enough cash is available to carry on routine
operations, and offers an analysis of all business transactions,
reporting where the firm obtained its cash and how it chose to
allocate the cash
, ◉ financial quarter. Answer: a 3 month period
◉ finance. Answer: deals with the strategic financial issues
associated with increasing the value of the business while observing
applicable laws and social responsibilities
◉ marketing. Answer: the process associated with promoting the
sale of goods or services
◉ marketing mix. Answer: includes the variables that marketing
managers can control in order to best satisfy customers in the target
market
◉ product life cycle. Answer: four phases: intro, growth, maturity,
decline
◉ operations management. Answer: management of systems or
processes that convert or transform resources (incl. HR) into goods
or services
◉ distributed computing. Answer: processes and manages
algorithms across many machines in a computing environment
QUESTIONS AND VERIFIED ANSWERS 100%
CORRECT
◉ liability. Answer: an obligation to make financial payments
◉ income statement. Answer: an obligation to make financial
payments
◉ net income. Answer: amount of money remaining after paying
taxes
◉ statement of owners equity. Answer: tracks and communicates
changes in the shareholders earnings
◉ dividend. Answer: distribution of earnings to shareholders
◉ statement of cash flows. Answer: Summarizes sources and uses of
cash, indicates whether enough cash is available to carry on routine
operations, and offers an analysis of all business transactions,
reporting where the firm obtained its cash and how it chose to
allocate the cash
, ◉ financial quarter. Answer: a 3 month period
◉ finance. Answer: deals with the strategic financial issues
associated with increasing the value of the business while observing
applicable laws and social responsibilities
◉ marketing. Answer: the process associated with promoting the
sale of goods or services
◉ marketing mix. Answer: includes the variables that marketing
managers can control in order to best satisfy customers in the target
market
◉ product life cycle. Answer: four phases: intro, growth, maturity,
decline
◉ operations management. Answer: management of systems or
processes that convert or transform resources (incl. HR) into goods
or services
◉ distributed computing. Answer: processes and manages
algorithms across many machines in a computing environment
