WGU C201 Study Set Exam QUESTIONS
AND VERIFIED CORRECT ANSWERS
GRADED A+ LATEST 100% GUARANTEED
PASS
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? - CORRECT
ANSWER-Adding new users
Increasing frequency of use
Finding new uses for the product
What are three qualities of strong brand equity? - CORRECT ANSWER-Awareness
Loyalty
Favorable images
A customer intends to purchase her favorite cereal. It is out of stock, so she purchases an
alternative brand of cereal instead.
Which stage of brand loyalty is this customer in? - CORRECT ANSWER-Brand equity
Which manufacturer distribution model is enhanced by the shipping and tracking capabilities of
a global package delivery service? - CORRECT ANSWER-Direct
,Which three tasks are key responsibilities of operations managers? - CORRECT ANSWER-
Planning the overall production process
Determining the best layout for the firm's facilities
Implementing the production plan
Which two characteristics does a Just-In-Time (JIT) System have? - CORRECT 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.
Which aspect of operations management do the ISO 9000 standards address? - CORRECT
ANSWER-Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized products cost
effectively? - CORRECT ANSWER-Flexible
Which two of the following distribution channels would take title of the products they handle? -
CORRECT ANSWER-Limited-function merchant wholesaler
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? - CORRECT ANSWER-Demand curve
Which two factors drive demand in a microeconomic system? - CORRECT ANSWER-Component
shortage
Price of substitute goods
How does a sudden shortage of a commodity product affect the immediate demand for the
product at its current price? - CORRECT ANSWER-Demand increases
, Which two impacts result from a nation's increase in productivity? - CORRECT ANSWER-
Economy expands
Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary monetary
policy? - CORRECT ANSWER-To encourage bankers to make loans
To cut the cost of borrowing
Which two economic impacts should a manager anticipate when the U.S. government reduces
the number of Treasury bills, Treasury Notes, and Treasury bonds it sells? - CORRECT ANSWER-A
rise of interest rates on these securities
An increase in overall cost of debt to private borrowers
What is one role of a financial manager? - CORRECT ANSWER-Analyzing major investment
decisions
Which two activities are finance activities rather than accounting activities? - CORRECT
ANSWER-Making capital market investments
Creating a financial plan
Which three sources should a business consider when seeking a long-term funding source? -
CORRECT ANSWER-Venture capital
Public sale of stocks
Hedge funds
In which type of security should a business invest its excess cash in anticipation of paying off the
current year's tax liability? - CORRECT ANSWER-Commercial paper
AND VERIFIED CORRECT ANSWERS
GRADED A+ LATEST 100% GUARANTEED
PASS
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? - CORRECT
ANSWER-Adding new users
Increasing frequency of use
Finding new uses for the product
What are three qualities of strong brand equity? - CORRECT ANSWER-Awareness
Loyalty
Favorable images
A customer intends to purchase her favorite cereal. It is out of stock, so she purchases an
alternative brand of cereal instead.
Which stage of brand loyalty is this customer in? - CORRECT ANSWER-Brand equity
Which manufacturer distribution model is enhanced by the shipping and tracking capabilities of
a global package delivery service? - CORRECT ANSWER-Direct
,Which three tasks are key responsibilities of operations managers? - CORRECT ANSWER-
Planning the overall production process
Determining the best layout for the firm's facilities
Implementing the production plan
Which two characteristics does a Just-In-Time (JIT) System have? - CORRECT 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.
Which aspect of operations management do the ISO 9000 standards address? - CORRECT
ANSWER-Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized products cost
effectively? - CORRECT ANSWER-Flexible
Which two of the following distribution channels would take title of the products they handle? -
CORRECT ANSWER-Limited-function merchant wholesaler
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? - CORRECT ANSWER-Demand curve
Which two factors drive demand in a microeconomic system? - CORRECT ANSWER-Component
shortage
Price of substitute goods
How does a sudden shortage of a commodity product affect the immediate demand for the
product at its current price? - CORRECT ANSWER-Demand increases
, Which two impacts result from a nation's increase in productivity? - CORRECT ANSWER-
Economy expands
Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary monetary
policy? - CORRECT ANSWER-To encourage bankers to make loans
To cut the cost of borrowing
Which two economic impacts should a manager anticipate when the U.S. government reduces
the number of Treasury bills, Treasury Notes, and Treasury bonds it sells? - CORRECT ANSWER-A
rise of interest rates on these securities
An increase in overall cost of debt to private borrowers
What is one role of a financial manager? - CORRECT ANSWER-Analyzing major investment
decisions
Which two activities are finance activities rather than accounting activities? - CORRECT
ANSWER-Making capital market investments
Creating a financial plan
Which three sources should a business consider when seeking a long-term funding source? -
CORRECT ANSWER-Venture capital
Public sale of stocks
Hedge funds
In which type of security should a business invest its excess cash in anticipation of paying off the
current year's tax liability? - CORRECT ANSWER-Commercial paper
