WGU C201 BUSINESS ACUMEN EXAM
(Latest Update ) ACCURATE
AND WELL DETAILED QUESTIONS AND
ANSWER
Which aspect of operations management do the ISO 9000 standards address?
A. Efficient use of resources
B. Adherence to environmental regulations
C. Establishment of effective quality systems
D. Development and manufacture of products that are high-quality - correct answer C.
Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized
products cost effectively?
A. Computer-aided
B. Computer-integrated
C. Interchangeable
,D. Flexible - correct answer D. Flexible
Which two of the following distribution channels would take title of the products they
handle? Choose 2 answers
A. Limited-function merchant wholesaler
B. Agents
C. Full-function merchant wholesaler
D. Brokers - correct answer A. Limited-function merchant wholesaler
C. Full-function merchant wholesaler
Which economic graph is used by organizations to regulate production by predicting
the amount of product buyers will purchase at different prices?
A. Demand curve
B. Price sensitivity scale
C. Product value scale
D. Product-price equilibrium - correct answer A. Demand curve
,Which two factors drive demand in a microeconomic system? Choose 2 answers
A. Production
B. Component shortage
C. Price of substitute goods
D. Customer preference - correct answer C. Price of substitute goods
D. Customer preference
How does a sudden shortage of a commodity product affect the immediate demand for
the product at its current price?
A. Demand diminishes
B. Demand increases
C. Demand is unchanged
D. Demand curve is skewed - correct answer B. Demand increases
Which two impacts result from a nation's increase in productivity? Choose 2 answers
, A. Hourly wages increase
B. Per capita output diminishes
C. Economy expands
D. Commodity prices increase
E. Personal wealth increases - correct answer C. Economy expands
E. Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary
monetary policy? Choose 2 answers
A. To hedge against inflation
B. To encourage bankers to make loans
C. To discourage overexpansion
D. To cut the cost of borrowing - correct answer B. To encourage bankers to make
loans
D. To cut the cost of borrowing
(Latest Update ) ACCURATE
AND WELL DETAILED QUESTIONS AND
ANSWER
Which aspect of operations management do the ISO 9000 standards address?
A. Efficient use of resources
B. Adherence to environmental regulations
C. Establishment of effective quality systems
D. Development and manufacture of products that are high-quality - correct answer C.
Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized
products cost effectively?
A. Computer-aided
B. Computer-integrated
C. Interchangeable
,D. Flexible - correct answer D. Flexible
Which two of the following distribution channels would take title of the products they
handle? Choose 2 answers
A. Limited-function merchant wholesaler
B. Agents
C. Full-function merchant wholesaler
D. Brokers - correct answer A. Limited-function merchant wholesaler
C. Full-function merchant wholesaler
Which economic graph is used by organizations to regulate production by predicting
the amount of product buyers will purchase at different prices?
A. Demand curve
B. Price sensitivity scale
C. Product value scale
D. Product-price equilibrium - correct answer A. Demand curve
,Which two factors drive demand in a microeconomic system? Choose 2 answers
A. Production
B. Component shortage
C. Price of substitute goods
D. Customer preference - correct answer C. Price of substitute goods
D. Customer preference
How does a sudden shortage of a commodity product affect the immediate demand for
the product at its current price?
A. Demand diminishes
B. Demand increases
C. Demand is unchanged
D. Demand curve is skewed - correct answer B. Demand increases
Which two impacts result from a nation's increase in productivity? Choose 2 answers
, A. Hourly wages increase
B. Per capita output diminishes
C. Economy expands
D. Commodity prices increase
E. Personal wealth increases - correct answer C. Economy expands
E. Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary
monetary policy? Choose 2 answers
A. To hedge against inflation
B. To encourage bankers to make loans
C. To discourage overexpansion
D. To cut the cost of borrowing - correct answer B. To encourage bankers to make
loans
D. To cut the cost of borrowing
