1|P a g e
c/t c/t
WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 TEST EXAM|| VERSIONS (A, B&C) ALL
QUESTIONS AND 100% CORRECT ANSWERS ALREADY
GRADED A+|| LATEST UPDATE WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!
VERSION A c /t
Which part of the organizing process aids in effective and efficient progress toward
c/ t c /t c/t c /t c/ t c /t c /t c/ t c/ t c /t c/t c/ t
planned goals and often results in changes within the organization? - ANSWER:
c/t c/ t c/ t c /t c /t c /t c /t c/ t c/ t c/t c/ t c /t
evaluating results
c/t c /t
What is the result of a company increasing the delegation of authority and the span of
c/ t c/ t c/ t c/t c/ t c /t c /t c /t c/ t c/ t c /t c /t c/t c/t c/ t
control? - ANSWER: Increased decision-making authority given to employees
c/t c/ t c /t c/t c /t c /t c /t c /t c/ t
Which primary driver does management use for an organization's structure? -
c/ t c/ t c /t c/ t c/ t c/t c /t c/ t c/t c/t
ANSWER: Achievement of company goals
c/t c/t c/ t c/t c/t
Which two risks does a firm face by funding the purchase of long-term assets with short-
c/ t c /t c/ t c /t c/t c /t c /t c /t c/ t c/t c/t c /t c/t c/t c /t
term funding sources? - ANSWER: volatility of interest rates and frequent renewals
c/ t c/ t c/ t c/t c/t c /t c/ t c/ t c /t c/ t c /t
Which step in the organizing process results in management grouping work activities
c/ t c/ t c/ t c/t c /t c /t c/ t c/t c /t c /t c/t
into units within the organization? - ANSWER: departmentalization
c/t c /t c/ t c/ t c/t c/ t c /t c/t
,2|P a g e
c/t c/t
After years of marketing a body lotion, a cosmetics company begins promoting the
c /t c/ t c/t c/t c/ t c /t c/t c /t c/t c /t c /t c/t
lotion as an insect repellent as well.
c/t c/ t c /t c/t c /t c /t c/ t
In which three product life cycle extension strategies did this company engage? -
c/ t c/ t c /t c /t c/ t c/ t c /t c/ t c /t c/ t c/t c/t
ANSWER: adding new users, increasing frequency of use and finding new uses for the
c/t c/t c/t c /t c/ t c /t c /t c/ t c /t c/t c /t c/ t c/ t c/ t
product
c/t
Which manufacturer distribution model is enhanced by the shipping and tracking
c/ t c /t c /t c/ t c/ t c /t c/t c /t c/ t c /t
capabilities of a global package delivery service? - ANSWER: direct
c/t c /t c/ t c/ t c /t c/ t c/ t c /t c/t c/t
Which three tasks are key responsibilities of operations managers? - ANSWER:
c/ t c /t c /t c /t c /t c/t c /t c/ t c/t c /t
Planning the overall production process
c/t c/t c /t c/ t c/t
Implementing the production plan c /t c/ t c /t
Determining the best layout for the firm's facilities c /t c/ t c/ t c /t c /t c/ t c/ t
Which manufacturing model uses technology to produce small runs of customized
c/ t c /t c/t c /t c/ t c/t c /t c /t c/ t c/t
products cost effectively? - ANSWER: flexible
c/t c/t c/t c/ t c/t c/t
Which two of the following distribution channels would take title of the products they
c/ t c /t c/ t c/t c/ t c/t c/t c/ t c/t c/ t c /t c /t c /t
handle? - ANSWER: Limited-function merchant wholesaler
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Full-function merchant wholesaler c/ t c/t
Which three sources should a business consider when seeking a long-term funding
c/ t c /t c /t c /t c/t c/t c/ t c/ t c/ t c /t c /t
source? - ANSWER: venture capital, public sale of stocks and hedge funds
c/t c /t c/t c/t c /t c/t c /t c/t c/ t c /t c/t c/ t
In which type of security should a business invest its excess cash in anticipation of
c/ t c/ t c/ t c /t c /t c /t c/t c/ t c /t c/ t c/ t c /t c /t c/t
paying off the current year's tax liability? - ANSWER: commercial paper
c/t c/ t c/ t c/t c/ t c/t c /t c/ t c/t c/t c/t
,3|P a g e
c/t c/t
Which role does the underwriter play in financing business operations when using the
c/ t c /t c/t c /t c /t c/ t c/t c/ t c/t c /t c /t c /t
capital market to sell securities to the public? - ANSWER: It assumes the risk of the
c/t c/ t c/t c /t c/ t c /t c/ t c/ t c/t c/t c/t c /t c/ t c/ t c/t c/ t
assessed value of the security from the issuer
c/t c/t c /t c/ t c/ t c/t c/ t c/ t
Why should a manager use financial controls in a firm's financial plan? - ANSWER: To
c/t c /t c/ t c/ t c/t c/t c/ t c/t c/ t c/t c/t c /t c/t c/t
determine the accuracy of forecasted revenues, costs, and expenses
c/t c /t c/ t c/ t c/t c /t c/t c /t c /t
What should a firm do to manage the risk of using leverage when exploring long-term
c/ t c/ t c /t c/ t c /t c/ t c/ t c/t c/t c /t c /t c /t c /t c/ t
funding options? - ANSWER: Ensure that earnings remain larger than interest
c/t c /t c/t c /t c/t c/t c/ t c /t c/ t c /t c/ t
payments
c/t
Which financial statement should an investor examine to identify the liabilities of a
c/ t c /t c/t c/t c/ t c/t c/ t c/t c/t c /t c /t c/ t
firm? - ANSWER: The balance sheet
c/t c/ t c/t c/t c/t c/ t
A company wishes to determine if it should fund a project with bonds or equity.Which
c/t c/ t c/t c /t c /t c /t c/t c/ t c /t c/ t c /t c/ t c/t c /t
business concept would it most likely use to assist in the decision? - ANSWER:
c/t c/t c/t c/ t c/ t c /t c/ t c/ t c /t c /t c/ t c/ t c /t c/t
leverage
c/t
Why should companies that are conservative investors with liquidity concerns invest
c/t c /t c/ t c /t c/ t c/ t c/ t c/t c/ t c/t
their excess cash in money market funds? - ANSWER: It converts easily into cash.
c/t c/ t c/t c /t c/ t c/ t c /t c/ t c /t c/t c/ t c /t c/t c/t
Which users of financial statements use the financial statements to evaluate operations
c/ t c /t c/ t c/ t c/t c/t c /t c /t c /t c/ t c /t
of the firm and to make investment decisions? - ANSWER: Owners and creditors
c/t c/ t c/t c /t c/t c /t c /t c/t c/ t c/t c/t c/t c /t
Microeconomics is the study of - ANSWER: how households and firms make choices, c/ t c/ t c/t c/t c/ t c/t c/t c/t c /t c/t c/t c/t
how they interact in markets, and how the government attempts to influence their
c/t c/ t c/ t c/ t c/t c/ t c /t c/ t c/ t c/t c/ t c/t c /t
choices, supply and demand
c/t c/ t c/ t c /t
Macroeconomics - ANSWER: the study of economy-wide phenomena, including c/t c/t c/t c /t c/t c/ t c /t c/t
inflation, unemployment, and economic growth
c/t c /t c/ t c /t c /t
, 4|P a g e
c/t c/t
Which policy is used to manage the economy using government spending and taxation?
c/ t c /t c /t c/ t c /t c /t c /t c/ t c/ t c /t c /t c/t
- ANSWER: Fiscal
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A specific economic situation when price and demand rise together. - ANSWER:
c/t c/ t c /t c/t c /t c/ t c /t c /t c/t c/t c /t
inflation
c/t
Which type of competition requires government regulation for entry? - ANSWER:
c/ t c/ t c /t c/ t c/t c/ t c/ t c/ t c/ t c /t
Monopoly
c/t
Lights out facility - ANSWER: 100% automation production of goods
c /t c/ t c/t c/t c/t c/ t c /t c/ t c /t
3 types of production - ANSWER: mass, flexible, consumer driven
c/t c /t c/ t c/t c /t c/t c/t c/ t c /t
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
c/t c/t c /t c/ t c /t c/t c /t c/ t c/ t
MRP - ANSWER: The computer-based planning system used by production managers
c/t c/t c/t c/t c/t c/ t c /t c/ t c /t c/t
to ensure parts and materials are on hand.
c/t c/ t c/ t c /t c /t c /t c/ t c /t
Which type of production utilizes the most information technology (automation)? -
c/ t c/ t c /t c/ t c /t c/ t c/t c /t c/t c/ t
ANSWER: Flexible
c/t c/t
What are the four strategies of marketing mix elements - ANSWER: product, (place)
c/ t c/ t c/t c /t c/ t c/t c/t c/t c/t c /t c/t c/t
distribution, promotional, pricing
c/t c/ t c/t
Integrated marketing communications - ANSWER: The coordination of all c /t c /t c/t c /t c/t c/t c/ t c /t
promotional activities—media advertising, direct mail, personal selling, sales
c/t c/t c/t c/t c /t c /t c/t c/ t
promotion, and public relations—to produce a unified, customer-focused message.
c/t c/t c/ t c /t c/ t c/ t c /t c /t c/ t
c/t c/t
WGU C201 BUSINESS ACUMEN OBJECTIVE
ASSESSMENT 2 TEST EXAM|| VERSIONS (A, B&C) ALL
QUESTIONS AND 100% CORRECT ANSWERS ALREADY
GRADED A+|| LATEST UPDATE WITH VERIFIED
SOLUTIONS|| ASSURED PASS!!
VERSION A c /t
Which part of the organizing process aids in effective and efficient progress toward
c/ t c /t c/t c /t c/ t c /t c /t c/ t c/ t c /t c/t c/ t
planned goals and often results in changes within the organization? - ANSWER:
c/t c/ t c/ t c /t c /t c /t c /t c/ t c/ t c/t c/ t c /t
evaluating results
c/t c /t
What is the result of a company increasing the delegation of authority and the span of
c/ t c/ t c/ t c/t c/ t c /t c /t c /t c/ t c/ t c /t c /t c/t c/t c/ t
control? - ANSWER: Increased decision-making authority given to employees
c/t c/ t c /t c/t c /t c /t c /t c /t c/ t
Which primary driver does management use for an organization's structure? -
c/ t c/ t c /t c/ t c/ t c/t c /t c/ t c/t c/t
ANSWER: Achievement of company goals
c/t c/t c/ t c/t c/t
Which two risks does a firm face by funding the purchase of long-term assets with short-
c/ t c /t c/ t c /t c/t c /t c /t c /t c/ t c/t c/t c /t c/t c/t c /t
term funding sources? - ANSWER: volatility of interest rates and frequent renewals
c/ t c/ t c/ t c/t c/t c /t c/ t c/ t c /t c/ t c /t
Which step in the organizing process results in management grouping work activities
c/ t c/ t c/ t c/t c /t c /t c/ t c/t c /t c /t c/t
into units within the organization? - ANSWER: departmentalization
c/t c /t c/ t c/ t c/t c/ t c /t c/t
,2|P a g e
c/t c/t
After years of marketing a body lotion, a cosmetics company begins promoting the
c /t c/ t c/t c/t c/ t c /t c/t c /t c/t c /t c /t c/t
lotion as an insect repellent as well.
c/t c/ t c /t c/t c /t c /t c/ t
In which three product life cycle extension strategies did this company engage? -
c/ t c/ t c /t c /t c/ t c/ t c /t c/ t c /t c/ t c/t c/t
ANSWER: adding new users, increasing frequency of use and finding new uses for the
c/t c/t c/t c /t c/ t c /t c /t c/ t c /t c/t c /t c/ t c/ t c/ t
product
c/t
Which manufacturer distribution model is enhanced by the shipping and tracking
c/ t c /t c /t c/ t c/ t c /t c/t c /t c/ t c /t
capabilities of a global package delivery service? - ANSWER: direct
c/t c /t c/ t c/ t c /t c/ t c/ t c /t c/t c/t
Which three tasks are key responsibilities of operations managers? - ANSWER:
c/ t c /t c /t c /t c /t c/t c /t c/ t c/t c /t
Planning the overall production process
c/t c/t c /t c/ t c/t
Implementing the production plan c /t c/ t c /t
Determining the best layout for the firm's facilities c /t c/ t c/ t c /t c /t c/ t c/ t
Which manufacturing model uses technology to produce small runs of customized
c/ t c /t c/t c /t c/ t c/t c /t c /t c/ t c/t
products cost effectively? - ANSWER: flexible
c/t c/t c/t c/ t c/t c/t
Which two of the following distribution channels would take title of the products they
c/ t c /t c/ t c/t c/ t c/t c/t c/ t c/t c/ t c /t c /t c /t
handle? - ANSWER: Limited-function merchant wholesaler
c/t c /t c/t c/t c/t c /t
Full-function merchant wholesaler c/ t c/t
Which three sources should a business consider when seeking a long-term funding
c/ t c /t c /t c /t c/t c/t c/ t c/ t c/ t c /t c /t
source? - ANSWER: venture capital, public sale of stocks and hedge funds
c/t c /t c/t c/t c /t c/t c /t c/t c/ t c /t c/t c/ t
In which type of security should a business invest its excess cash in anticipation of
c/ t c/ t c/ t c /t c /t c /t c/t c/ t c /t c/ t c/ t c /t c /t c/t
paying off the current year's tax liability? - ANSWER: commercial paper
c/t c/ t c/ t c/t c/ t c/t c /t c/ t c/t c/t c/t
,3|P a g e
c/t c/t
Which role does the underwriter play in financing business operations when using the
c/ t c /t c/t c /t c /t c/ t c/t c/ t c/t c /t c /t c /t
capital market to sell securities to the public? - ANSWER: It assumes the risk of the
c/t c/ t c/t c /t c/ t c /t c/ t c/ t c/t c/t c/t c /t c/ t c/ t c/t c/ t
assessed value of the security from the issuer
c/t c/t c /t c/ t c/ t c/t c/ t c/ t
Why should a manager use financial controls in a firm's financial plan? - ANSWER: To
c/t c /t c/ t c/ t c/t c/t c/ t c/t c/ t c/t c/t c /t c/t c/t
determine the accuracy of forecasted revenues, costs, and expenses
c/t c /t c/ t c/ t c/t c /t c/t c /t c /t
What should a firm do to manage the risk of using leverage when exploring long-term
c/ t c/ t c /t c/ t c /t c/ t c/ t c/t c/t c /t c /t c /t c /t c/ t
funding options? - ANSWER: Ensure that earnings remain larger than interest
c/t c /t c/t c /t c/t c/t c/ t c /t c/ t c /t c/ t
payments
c/t
Which financial statement should an investor examine to identify the liabilities of a
c/ t c /t c/t c/t c/ t c/t c/ t c/t c/t c /t c /t c/ t
firm? - ANSWER: The balance sheet
c/t c/ t c/t c/t c/t c/ t
A company wishes to determine if it should fund a project with bonds or equity.Which
c/t c/ t c/t c /t c /t c /t c/t c/ t c /t c/ t c /t c/ t c/t c /t
business concept would it most likely use to assist in the decision? - ANSWER:
c/t c/t c/t c/ t c/ t c /t c/ t c/ t c /t c /t c/ t c/ t c /t c/t
leverage
c/t
Why should companies that are conservative investors with liquidity concerns invest
c/t c /t c/ t c /t c/ t c/ t c/ t c/t c/ t c/t
their excess cash in money market funds? - ANSWER: It converts easily into cash.
c/t c/ t c/t c /t c/ t c/ t c /t c/ t c /t c/t c/ t c /t c/t c/t
Which users of financial statements use the financial statements to evaluate operations
c/ t c /t c/ t c/ t c/t c/t c /t c /t c /t c/ t c /t
of the firm and to make investment decisions? - ANSWER: Owners and creditors
c/t c/ t c/t c /t c/t c /t c /t c/t c/ t c/t c/t c/t c /t
Microeconomics is the study of - ANSWER: how households and firms make choices, c/ t c/ t c/t c/t c/ t c/t c/t c/t c /t c/t c/t c/t
how they interact in markets, and how the government attempts to influence their
c/t c/ t c/ t c/ t c/t c/ t c /t c/ t c/ t c/t c/ t c/t c /t
choices, supply and demand
c/t c/ t c/ t c /t
Macroeconomics - ANSWER: the study of economy-wide phenomena, including c/t c/t c/t c /t c/t c/ t c /t c/t
inflation, unemployment, and economic growth
c/t c /t c/ t c /t c /t
, 4|P a g e
c/t c/t
Which policy is used to manage the economy using government spending and taxation?
c/ t c /t c /t c/ t c /t c /t c /t c/ t c/ t c /t c /t c/t
- ANSWER: Fiscal
c/t c/t c/t
A specific economic situation when price and demand rise together. - ANSWER:
c/t c/ t c /t c/t c /t c/ t c /t c /t c/t c/t c /t
inflation
c/t
Which type of competition requires government regulation for entry? - ANSWER:
c/ t c/ t c /t c/ t c/t c/ t c/ t c/ t c/ t c /t
Monopoly
c/t
Lights out facility - ANSWER: 100% automation production of goods
c /t c/ t c/t c/t c/t c/ t c /t c/ t c /t
3 types of production - ANSWER: mass, flexible, consumer driven
c/t c /t c/ t c/t c /t c/t c/t c/ t c /t
Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
c/t c/t c /t c/ t c /t c/t c /t c/ t c/ t
MRP - ANSWER: The computer-based planning system used by production managers
c/t c/t c/t c/t c/t c/ t c /t c/ t c /t c/t
to ensure parts and materials are on hand.
c/t c/ t c/ t c /t c /t c /t c/ t c /t
Which type of production utilizes the most information technology (automation)? -
c/ t c/ t c /t c/ t c /t c/ t c/t c /t c/t c/ t
ANSWER: Flexible
c/t c/t
What are the four strategies of marketing mix elements - ANSWER: product, (place)
c/ t c/ t c/t c /t c/ t c/t c/t c/t c/t c /t c/t c/t
distribution, promotional, pricing
c/t c/ t c/t
Integrated marketing communications - ANSWER: The coordination of all c /t c /t c/t c /t c/t c/t c/ t c /t
promotional activities—media advertising, direct mail, personal selling, sales
c/t c/t c/t c/t c /t c /t c/t c/ t
promotion, and public relations—to produce a unified, customer-focused message.
c/t c/t c/ t c /t c/ t c/ t c /t c /t c/ t
