WGU C201 questions with verified correct
answers 2026\2027 A+ Grade
1 .Accounting
- correct answer Process of measuring, interpreting, and communicating financial information
to enable people inside and outside the firm to make informed decisions.
2 .Accounting Cycle
- correct answer Set of activities involved in converting information and individual
transactions into financial statements.
3 .Accounting Equation/Accounting Identity
- correct answer Formula that states Assets must equal Liabilities plus Owners' Equity.
4 .Assets
- correct answer Liabilities + Owners' Equity
5 .Accrual Accounting
- correct answer Accounting method that records revenues and expenses when they
occur, not necessarily when cash actually changes hands.
6 .Advertising
- correct answer Paid non-personal communication, usually targeted at large numbers of
potential buyers
7 .Affinity Program
- correct answer Marketing effort sponsored by an organization that solicits involvement by
individuals who share common interests and activities
,8 .Application Service Provider
- correct answer outside supplier that provides both the computers and the application
support for managing an information system
,9 .Asset
- correct answer anything of value owned or leased by a company
10 .Balance Sheet
- correct answer statement of a firm's financial position on a particular date
11 .Balanced Budget
- correct answer situation in which total revenues raised by taxes and fees equal total
proposed government spending for the year
12 .Business (B2B) Product
- correct answer good or service purchased to be used, either directly or indirectly, in the
production of other goods for resale
13 .Business Intelligence
- correct answer activities and technologies for gathering, storing, and analyzing data to
make better competitive decisions
14 .Capital Structure
- correct answer mix of a firm's debt and equity capital
15 .Capitalism
- correct answer economic system that rewards firms for their ability to perceive and serve
the needs and demands of consumers; also called Private Enterprise System
16 .Private Enterprise System
- correct answer economic system that rewards firms for their ability to perceive and serve
the needs and demands of consumers; also called Capitalism
17 .Category Advisor
- correct answer vendor that is designated by the business customer as the major supplier to
assume responsibility for dealing with all the other vendors for a project and presenting the
entire package to the business buyer
, 18 .Cause Advertising
- correct answer form of institutional advertising that promotes a specific viewpoint on a public
issue as a way to influence public opinion and the legislative process
19 .Cause Marketing
- correct answer marketing that promotes a cause or social issue, such as preventing child
abuse, anti- littering efforts, and stop smoking campaigns
20 .Centralization
- correct answer decision making based at the top of the management hierarchy
21 .Chain of Command
- correct answer set of relationships that indicates who directs which activities and who
reports to whom
22 .Chief Information Officer (CIO)
- correct answer executive responsible for managing a firm's information system and related
computer technologies
23 .Cloud Computing
- correct answer powerful servers store applications software and databases for users to
access the software and databases via the Web using anything from a PC to a smart phone
24 .Cobranding
- correct answer cooperative arrangement in which two or more businesses team up to closely
link their names on a single product
25 .Comarketing
- correct answer cooperative arrangement in which two businesses jointly market each other's
products
26 .Committee Organization
- correct answer organizational structure that places authority and responsibility jointly in the
hands of a group of individuals rather than a single manager
answers 2026\2027 A+ Grade
1 .Accounting
- correct answer Process of measuring, interpreting, and communicating financial information
to enable people inside and outside the firm to make informed decisions.
2 .Accounting Cycle
- correct answer Set of activities involved in converting information and individual
transactions into financial statements.
3 .Accounting Equation/Accounting Identity
- correct answer Formula that states Assets must equal Liabilities plus Owners' Equity.
4 .Assets
- correct answer Liabilities + Owners' Equity
5 .Accrual Accounting
- correct answer Accounting method that records revenues and expenses when they
occur, not necessarily when cash actually changes hands.
6 .Advertising
- correct answer Paid non-personal communication, usually targeted at large numbers of
potential buyers
7 .Affinity Program
- correct answer Marketing effort sponsored by an organization that solicits involvement by
individuals who share common interests and activities
,8 .Application Service Provider
- correct answer outside supplier that provides both the computers and the application
support for managing an information system
,9 .Asset
- correct answer anything of value owned or leased by a company
10 .Balance Sheet
- correct answer statement of a firm's financial position on a particular date
11 .Balanced Budget
- correct answer situation in which total revenues raised by taxes and fees equal total
proposed government spending for the year
12 .Business (B2B) Product
- correct answer good or service purchased to be used, either directly or indirectly, in the
production of other goods for resale
13 .Business Intelligence
- correct answer activities and technologies for gathering, storing, and analyzing data to
make better competitive decisions
14 .Capital Structure
- correct answer mix of a firm's debt and equity capital
15 .Capitalism
- correct answer economic system that rewards firms for their ability to perceive and serve
the needs and demands of consumers; also called Private Enterprise System
16 .Private Enterprise System
- correct answer economic system that rewards firms for their ability to perceive and serve
the needs and demands of consumers; also called Capitalism
17 .Category Advisor
- correct answer vendor that is designated by the business customer as the major supplier to
assume responsibility for dealing with all the other vendors for a project and presenting the
entire package to the business buyer
, 18 .Cause Advertising
- correct answer form of institutional advertising that promotes a specific viewpoint on a public
issue as a way to influence public opinion and the legislative process
19 .Cause Marketing
- correct answer marketing that promotes a cause or social issue, such as preventing child
abuse, anti- littering efforts, and stop smoking campaigns
20 .Centralization
- correct answer decision making based at the top of the management hierarchy
21 .Chain of Command
- correct answer set of relationships that indicates who directs which activities and who
reports to whom
22 .Chief Information Officer (CIO)
- correct answer executive responsible for managing a firm's information system and related
computer technologies
23 .Cloud Computing
- correct answer powerful servers store applications software and databases for users to
access the software and databases via the Web using anything from a PC to a smart phone
24 .Cobranding
- correct answer cooperative arrangement in which two or more businesses team up to closely
link their names on a single product
25 .Comarketing
- correct answer cooperative arrangement in which two businesses jointly market each other's
products
26 .Committee Organization
- correct answer organizational structure that places authority and responsibility jointly in the
hands of a group of individuals rather than a single manager
