Business Acumen C201 WGU Exam
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ LATEST 100%
GUARANTEED PASS
Sales forecast plus non-sales revenue - CORRECT ANSWER-What does a CFO use in financial
planning to determine the expected level of revenue for future periods?
It capped the debit card swipe fee at 21 cents. - CORRECT ANSWER-How did the Dodd-Frank
Wall Street Reform and Consumer Protection Act impact retailers?
Buying stock in the public company for which the employee works based on a conversation the
employee overheard at a cocktail party between two of the company's executives
Selling company stock because a co-worker told the employee the company's new drug is failing
in clinical trial - CORRECT ANSWER-Which two activities are prohibited by insider trading laws
and should be avoided by a firm's employees?
Volatility of interest rates
Frequent renewals - CORRECT ANSWER-Which two risks does a firm face by funding the
purchase of long-term assets with short-term funding sources?
Long-term commercial bank loan - CORRECT ANSWER-Which funding source should a firm use if
it wishes to secure long-term financing while retaining all of its equity?
,It can make large amounts of money available.
It carries interest rates that are 1 to 2 percent less than bank loans.
It has a maturity that ranges between 1 and 270 days. - CORRECT ANSWER-Which three
characteristics make commercial paper a low-risk, attractive source of short-term funding for a
business?
Ensure that earnings remain larger than interest payments - CORRECT ANSWER-What should a
firm do to manage the risk of using leverage when exploring long-term funding options?
The balance sheet - CORRECT ANSWER-Which financial statement should an investor examine
to identify the liabilities of a firm?
Leverage - CORRECT ANSWER-A company wishes to determine if it should fund a project with
bonds or equity.Which business concept would it most likely use to assist in the decision?
Net income divided by average equity - CORRECT ANSWER-Which calculation determines a
firm's return on equity?
It converts easily into cash. - CORRECT ANSWER-Why should companies that are conservative
investors with liquidity concerns invest their excess cash in money market funds?
FASB requires companies to comply with GAAP that differ from IFRS - CORRECT ANSWER-Which
regulatory relationship within the Securities and Exchange Commission (SEC) historically has
acted to prohibit the U.S. from adopting the International Financial Reporting Standards (IFRS)?
Owners and creditors - CORRECT ANSWER-Which users of financial statements use the financial
statements to evaluate operations of the firm and to make investment decisions?
Database - CORRECT ANSWER-What is considered the heart of any information system?
,A transaction processing system - CORRECT ANSWER-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?
Employees are enabled to work remotely with secure connectivity to the corporate network via
the internet. - CORRECT ANSWER-How does a virtual private network contribute to a firm's
workforce productivity?
Through more efficient application updates
Through better resource utilization
Through greater application availability for remote workers - CORRECT ANSWER-What are three
ways cloud computing services enhance company productivity?
Personal letters sent through the company mail room - CORRECT ANSWER-For which type of
communication should employees have an ethical expectation of privacy from company
monitoring?
Selling customer data for external marketing research - CORRECT ANSWER-Which activity raises
ethical issues heightened by the capabilities of data mining?
The intent to report on a user's Internet activity - CORRECT ANSWER-Which intent of spyware
creates a company security issue?
False - CORRECT ANSWER-True or False: Macroeconomics is the study of small economic units
such as households and individual businesses.
Movement along the supply curve is the opposite of movement along the demand curve. -
CORRECT ANSWER-Which of the following is true of supply and demand curves?
, Monopolistic competition - CORRECT ANSWER-In which of the following market structures are
there a large numbers of buyers and sellers, each of whom has some significant control over
price?
improve customer service and reduce prices. - CORRECT ANSWER-A few industries in the United
States, like transportation, energy, and communications, were deregulated in the 1980s and
1990s to
decreased. - CORRECT ANSWER-If labor hours increase, the amount of natural resources used
remains the same, and output remains constant, productivity is said to have:
energy; food - CORRECT ANSWER-Core inflation rate is the inflation rate of an economy after
______and______ prices are removed.
Monetary policy - CORRECT ANSWER-_____ is formulated by the Federal Reserve System
restrictive monetary policy - CORRECT ANSWER-A(n) _____ reduces the money supply to curb
rising prices, overexpansion, and concerns about overly rapid economic growth.
prosperity, recession, depression, recovery - CORRECT ANSWER-What are the 4 stages of the
business cycle?
output divided by input - CORRECT ANSWER-Total productivity = ________/_____________
frictional, seasonal, structural, cyclical - CORRECT ANSWER-What are the 4 types of
unemployment?
Economics - CORRECT ANSWER-The study of the choices people and governments make when
allocating scarce resources.
QUESTIONS AND VERIFIED CORRECT
ANSWERS GRADED A+ LATEST 100%
GUARANTEED PASS
Sales forecast plus non-sales revenue - CORRECT ANSWER-What does a CFO use in financial
planning to determine the expected level of revenue for future periods?
It capped the debit card swipe fee at 21 cents. - CORRECT ANSWER-How did the Dodd-Frank
Wall Street Reform and Consumer Protection Act impact retailers?
Buying stock in the public company for which the employee works based on a conversation the
employee overheard at a cocktail party between two of the company's executives
Selling company stock because a co-worker told the employee the company's new drug is failing
in clinical trial - CORRECT ANSWER-Which two activities are prohibited by insider trading laws
and should be avoided by a firm's employees?
Volatility of interest rates
Frequent renewals - CORRECT ANSWER-Which two risks does a firm face by funding the
purchase of long-term assets with short-term funding sources?
Long-term commercial bank loan - CORRECT ANSWER-Which funding source should a firm use if
it wishes to secure long-term financing while retaining all of its equity?
,It can make large amounts of money available.
It carries interest rates that are 1 to 2 percent less than bank loans.
It has a maturity that ranges between 1 and 270 days. - CORRECT ANSWER-Which three
characteristics make commercial paper a low-risk, attractive source of short-term funding for a
business?
Ensure that earnings remain larger than interest payments - CORRECT ANSWER-What should a
firm do to manage the risk of using leverage when exploring long-term funding options?
The balance sheet - CORRECT ANSWER-Which financial statement should an investor examine
to identify the liabilities of a firm?
Leverage - CORRECT ANSWER-A company wishes to determine if it should fund a project with
bonds or equity.Which business concept would it most likely use to assist in the decision?
Net income divided by average equity - CORRECT ANSWER-Which calculation determines a
firm's return on equity?
It converts easily into cash. - CORRECT ANSWER-Why should companies that are conservative
investors with liquidity concerns invest their excess cash in money market funds?
FASB requires companies to comply with GAAP that differ from IFRS - CORRECT ANSWER-Which
regulatory relationship within the Securities and Exchange Commission (SEC) historically has
acted to prohibit the U.S. from adopting the International Financial Reporting Standards (IFRS)?
Owners and creditors - CORRECT ANSWER-Which users of financial statements use the financial
statements to evaluate operations of the firm and to make investment decisions?
Database - CORRECT ANSWER-What is considered the heart of any information system?
,A transaction processing system - CORRECT ANSWER-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?
Employees are enabled to work remotely with secure connectivity to the corporate network via
the internet. - CORRECT ANSWER-How does a virtual private network contribute to a firm's
workforce productivity?
Through more efficient application updates
Through better resource utilization
Through greater application availability for remote workers - CORRECT ANSWER-What are three
ways cloud computing services enhance company productivity?
Personal letters sent through the company mail room - CORRECT ANSWER-For which type of
communication should employees have an ethical expectation of privacy from company
monitoring?
Selling customer data for external marketing research - CORRECT ANSWER-Which activity raises
ethical issues heightened by the capabilities of data mining?
The intent to report on a user's Internet activity - CORRECT ANSWER-Which intent of spyware
creates a company security issue?
False - CORRECT ANSWER-True or False: Macroeconomics is the study of small economic units
such as households and individual businesses.
Movement along the supply curve is the opposite of movement along the demand curve. -
CORRECT ANSWER-Which of the following is true of supply and demand curves?
, Monopolistic competition - CORRECT ANSWER-In which of the following market structures are
there a large numbers of buyers and sellers, each of whom has some significant control over
price?
improve customer service and reduce prices. - CORRECT ANSWER-A few industries in the United
States, like transportation, energy, and communications, were deregulated in the 1980s and
1990s to
decreased. - CORRECT ANSWER-If labor hours increase, the amount of natural resources used
remains the same, and output remains constant, productivity is said to have:
energy; food - CORRECT ANSWER-Core inflation rate is the inflation rate of an economy after
______and______ prices are removed.
Monetary policy - CORRECT ANSWER-_____ is formulated by the Federal Reserve System
restrictive monetary policy - CORRECT ANSWER-A(n) _____ reduces the money supply to curb
rising prices, overexpansion, and concerns about overly rapid economic growth.
prosperity, recession, depression, recovery - CORRECT ANSWER-What are the 4 stages of the
business cycle?
output divided by input - CORRECT ANSWER-Total productivity = ________/_____________
frictional, seasonal, structural, cyclical - CORRECT ANSWER-What are the 4 types of
unemployment?
Economics - CORRECT ANSWER-The study of the choices people and governments make when
allocating scarce resources.
