WGU C201 BUSINESS ACUMEN | 2026 Update
| Study Guide with Questions and Answers |
Question and Answer | A+ Verified
‣ What is a Virtual Network? -✓✓Common type of tech infostructure which consists of
links that are not wired connected.
‣ What is cloud computing? -✓✓Powerful servers store applications software and
databases for users to access the software and databases via the web using anything
from PC to a smart phone.
‣ Explain Cybercrime, Computer hacking and Cyber Terrorism. -✓✓Cybercrime is
stealing or altering data in several ways. Computer hacking is a breach of a computer
system by unauthorized users. Sometimes the hackers motive is just to see if they can
get in. other times, hackers have more sinister motives, including stealing or altering
data. cyber terrorism, a new generation of terrorism, can involve deliberate threats to
information systems and can be associated with terrorist activities.
‣ What is Malware and how does a computer virus work? -✓✓Malware is any malicious
software program designed to infect computer systems. A virus is a computer program
that secretly attaches itself to another programed (called a host). The Virus then
changes the host, destroys the data, or even makes the computer system inoperable.
‣ What are the ethical issues with the use of information Technology? -✓✓It is not
uncommon for organizations to have specific ethical standards and policies regarding
the use of informational systems by employees and vendors. Ethical issues also involve
organizational use of informational systems to protect the privacy and confidentiality of
employee and customer data and records. Another ethical issue is the use if computer
technology to monitor employees while they are working.
‣ What types of disasters are information systems vulnerable? -✓✓Natural disasters,
power failures, equipment malfunction, software glitches, human error, and terrorist
attacks.
‣ List the 5 considerations for off-site data storage. -✓✓Planning, Backup schedule,
data transmitted offsite must have the highest security, care in selecting the right
security vendor, backup system should be continually tested and evaluated.
‣ What is artificial Intelligence and Machine Learning? -✓✓AI involves machines that
perform tasks characteristic of human intelligence. Machine Learning is achieving AI by
training an algorithm so that it can learn how. Training involves feeding it large amounts
of data to the algorithm and allowing it to adjust and improve.
, ‣ Explain the Internet of Things (IoT) and Blockchain. -✓✓The IoT or the Internet of
Everything refers to a move beyond standalone devices and toward an entire internet-
connected ecosystems of everyday item such as TVs, cars, household appliances, and
wearable tech devices. Blockchains will see their value grow beyond the use in
cryptocurrency and digital currency. As data is stored across a decentralized network of
millions of computers the influence of blockchain will expand and transform the Internet
of Things- and hopefully reduce the risk of data hacking.
‣ What is Augmented and Virtual Reality? -✓✓Augmented Reality (AR) Virtual Reality
(VR) and mixed reality, which combines the two, will be used by 20% of all businesses
to create immersive experiences with the help of head mounted displays. Virtual and
Augmented reality tech are removing the distance to people, info, and experiences.
‣ Define Microeconomics and Macroeconomics. -✓✓Micro is the study of the economic
behavior among individual consumers, families, and businesses. Macro is the study of a
nation's overall economic issues and how an economic issue and how an economic
system maintains and allocates its resources.
‣ Explain demand and supply curves. -✓✓A demand curve is a graph of the amount of a
product that buyers will purchase at different prices. A supply curve shows the
relationship between different prices and the quantities that sellers will offer for sale,
regardless of demand.
‣ How do factors of production influence the overall supply of goods and services? -
✓✓A change in the cost or availability of any of the inputs considered to be factors of
production can shift the entire supply curve, either increasing or decreasing the amount
available at every price.
‣ What is the difference between pure competition and monopolistic competition? -
✓✓Pure competition is a market structure in which large numbers of buyers and sellers
exchange homogeneous products, and no single participant gas a significant impact on
price. Monopolistic competition is a market structure in which large numbers of buyers
and sellers exchange differentiated (heterogenous) products, so each participant has
some control over the price.
‣ On which economic system in the U.S. Economy is based? -✓✓The US Economy is
based on the private enterprise system.
‣ What is Privatization? -✓✓The conversion of government owned and operated
companies into privately held business.
‣ Describe the 4 stages of the business cycle. -✓✓Prosperity, recession, depression,
and recovery. Prosperity is characterized by low unemployment and string consumer
confidence. Recession may include consumers postponing major purchases, layoffs,
| Study Guide with Questions and Answers |
Question and Answer | A+ Verified
‣ What is a Virtual Network? -✓✓Common type of tech infostructure which consists of
links that are not wired connected.
‣ What is cloud computing? -✓✓Powerful servers store applications software and
databases for users to access the software and databases via the web using anything
from PC to a smart phone.
‣ Explain Cybercrime, Computer hacking and Cyber Terrorism. -✓✓Cybercrime is
stealing or altering data in several ways. Computer hacking is a breach of a computer
system by unauthorized users. Sometimes the hackers motive is just to see if they can
get in. other times, hackers have more sinister motives, including stealing or altering
data. cyber terrorism, a new generation of terrorism, can involve deliberate threats to
information systems and can be associated with terrorist activities.
‣ What is Malware and how does a computer virus work? -✓✓Malware is any malicious
software program designed to infect computer systems. A virus is a computer program
that secretly attaches itself to another programed (called a host). The Virus then
changes the host, destroys the data, or even makes the computer system inoperable.
‣ What are the ethical issues with the use of information Technology? -✓✓It is not
uncommon for organizations to have specific ethical standards and policies regarding
the use of informational systems by employees and vendors. Ethical issues also involve
organizational use of informational systems to protect the privacy and confidentiality of
employee and customer data and records. Another ethical issue is the use if computer
technology to monitor employees while they are working.
‣ What types of disasters are information systems vulnerable? -✓✓Natural disasters,
power failures, equipment malfunction, software glitches, human error, and terrorist
attacks.
‣ List the 5 considerations for off-site data storage. -✓✓Planning, Backup schedule,
data transmitted offsite must have the highest security, care in selecting the right
security vendor, backup system should be continually tested and evaluated.
‣ What is artificial Intelligence and Machine Learning? -✓✓AI involves machines that
perform tasks characteristic of human intelligence. Machine Learning is achieving AI by
training an algorithm so that it can learn how. Training involves feeding it large amounts
of data to the algorithm and allowing it to adjust and improve.
, ‣ Explain the Internet of Things (IoT) and Blockchain. -✓✓The IoT or the Internet of
Everything refers to a move beyond standalone devices and toward an entire internet-
connected ecosystems of everyday item such as TVs, cars, household appliances, and
wearable tech devices. Blockchains will see their value grow beyond the use in
cryptocurrency and digital currency. As data is stored across a decentralized network of
millions of computers the influence of blockchain will expand and transform the Internet
of Things- and hopefully reduce the risk of data hacking.
‣ What is Augmented and Virtual Reality? -✓✓Augmented Reality (AR) Virtual Reality
(VR) and mixed reality, which combines the two, will be used by 20% of all businesses
to create immersive experiences with the help of head mounted displays. Virtual and
Augmented reality tech are removing the distance to people, info, and experiences.
‣ Define Microeconomics and Macroeconomics. -✓✓Micro is the study of the economic
behavior among individual consumers, families, and businesses. Macro is the study of a
nation's overall economic issues and how an economic issue and how an economic
system maintains and allocates its resources.
‣ Explain demand and supply curves. -✓✓A demand curve is a graph of the amount of a
product that buyers will purchase at different prices. A supply curve shows the
relationship between different prices and the quantities that sellers will offer for sale,
regardless of demand.
‣ How do factors of production influence the overall supply of goods and services? -
✓✓A change in the cost or availability of any of the inputs considered to be factors of
production can shift the entire supply curve, either increasing or decreasing the amount
available at every price.
‣ What is the difference between pure competition and monopolistic competition? -
✓✓Pure competition is a market structure in which large numbers of buyers and sellers
exchange homogeneous products, and no single participant gas a significant impact on
price. Monopolistic competition is a market structure in which large numbers of buyers
and sellers exchange differentiated (heterogenous) products, so each participant has
some control over the price.
‣ On which economic system in the U.S. Economy is based? -✓✓The US Economy is
based on the private enterprise system.
‣ What is Privatization? -✓✓The conversion of government owned and operated
companies into privately held business.
‣ Describe the 4 stages of the business cycle. -✓✓Prosperity, recession, depression,
and recovery. Prosperity is characterized by low unemployment and string consumer
confidence. Recession may include consumers postponing major purchases, layoffs,
