WGU D520 CAPSTONE TASK 3 BUSINESS
PLAN COMPREHENSIVE STUDY GUIDE
2026 FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ Which step in the organizing process results in management grouping work
activities into units within the organization?.
Answer: Departmentalization
◍ Describe resources available for researching your business plan..
Answer: Community, Government, and Professional Resources including
the following: advice from other business owners, the SBA, the office of
Small Business Development Centers, SCORE, the Chamber of Commerce,
Trade Associations, Professional Consultants, Financial Institutions in
additional to print & Online resources.
◍ Which manufacturing model uses technology to produce small runs of
customized products cost effectively?.
Answer: Flexible
◍ A company might divide itself into smaller groups that best match the types
of customers it serves. What is this is an example of?.
Answer: Departmentalization
◍ What are three qualities of strong brand equity?.
Answer: AwarenessLoyalty Favorable images
◍ 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)?.
Answer: FASB requires companies to comply with GAAP that differ from
, IFRS
◍ Which two activities are finance activities rather than accounting activities?.
Answer: Making capital market investmentsCreating a financial plan
◍ After years of marketing a body lotion, a cosmetics company begins
promoting the lotion as an insect repellent as well. In which three product
life cycle extension strategies did this company engage.
Answer: Adding new usersIncreasing frequency of useFinding new uses for
the product
◍ 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?.
Answer: Leverage
◍ Which two characteristics does a Just-In-Time (JIT) System have?.
Answer: Production using JIT reduces a firm's inventory costs.A JIT system
seeks to eliminate anything that does not add value in operations activities.
◍ What are three ways cloud computing services enhance company
productivity?.
Answer: Through more efficient application updates Through better
resource utilization Through greater application availability for remote
workers
◍ How did the Dodd-Frank Wall Street Reform and Consumer Protection Act
impact retailers?.
Answer: It capped the debit card swipe fee at 21 cents.
◍ 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?.
Answer: A transaction processing system
◍ For which two purposes will the U.S. Federal Reserve System follow an
expansionary monetary policy?.
PLAN COMPREHENSIVE STUDY GUIDE
2026 FULL QUESTIONS AND SOLUTIONS
GRADED A+
◍ Which step in the organizing process results in management grouping work
activities into units within the organization?.
Answer: Departmentalization
◍ Describe resources available for researching your business plan..
Answer: Community, Government, and Professional Resources including
the following: advice from other business owners, the SBA, the office of
Small Business Development Centers, SCORE, the Chamber of Commerce,
Trade Associations, Professional Consultants, Financial Institutions in
additional to print & Online resources.
◍ Which manufacturing model uses technology to produce small runs of
customized products cost effectively?.
Answer: Flexible
◍ A company might divide itself into smaller groups that best match the types
of customers it serves. What is this is an example of?.
Answer: Departmentalization
◍ What are three qualities of strong brand equity?.
Answer: AwarenessLoyalty Favorable images
◍ 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)?.
Answer: FASB requires companies to comply with GAAP that differ from
, IFRS
◍ Which two activities are finance activities rather than accounting activities?.
Answer: Making capital market investmentsCreating a financial plan
◍ After years of marketing a body lotion, a cosmetics company begins
promoting the lotion as an insect repellent as well. In which three product
life cycle extension strategies did this company engage.
Answer: Adding new usersIncreasing frequency of useFinding new uses for
the product
◍ 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?.
Answer: Leverage
◍ Which two characteristics does a Just-In-Time (JIT) System have?.
Answer: Production using JIT reduces a firm's inventory costs.A JIT system
seeks to eliminate anything that does not add value in operations activities.
◍ What are three ways cloud computing services enhance company
productivity?.
Answer: Through more efficient application updates Through better
resource utilization Through greater application availability for remote
workers
◍ How did the Dodd-Frank Wall Street Reform and Consumer Protection Act
impact retailers?.
Answer: It capped the debit card swipe fee at 21 cents.
◍ 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?.
Answer: A transaction processing system
◍ For which two purposes will the U.S. Federal Reserve System follow an
expansionary monetary policy?.
