D361 BUS 2111
Business Simulation
FINAL ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: In a business simulation, which financial
statement reflects the company's operational efficiency?
a) Balance Sheet
b) Income Statement
c) Cash Flow Statement
d) Statement of Retained Earnings
Correct Answer: b) Income Statement
Rationale: The income statement provides detailed information
about a company's revenues, expenses, and profitability, which are
key indicators of operational efficiency.
2. Fill-in-the-Blank: The __________ ratio is used to assess a
company's ability to meet its short-term obligations with its most
liquid assets.
Correct Answer: Current
Rationale: The current ratio is a liquidity ratio that measures a
company's ability to pay off its short-term liabilities with its current
assets.
3. True/False: In business simulation, market share is more
important than net profit margin for a company's long-term
success.
Correct Answer: False
© WGU 2024/2025
, Rationale: While market share is important for a company's
growth, net profit margin is crucial for its sustainability and long-
term success as it indicates the actual profitability.
4. Multiple Response: Which of the following are typically
included in a SWOT analysis of a business simulation?
a) Strengths
b) Weaknesses
c) Opportunities
d) Threats
e) Objectives
Correct Answers: a) Strengths, b) Weaknesses, c)
Opportunities, d) Threats
Rationale: SWOT analysis is a strategic planning technique used
to identify and analyze the Strengths, Weaknesses, Opportunities,
and Threats associated with a business venture.
5. Multiple Choice: Effective cash flow management in a business
simulation is critical for:
a) Ensuring liquidity
b) Facilitating expansion
c) Minimizing tax liability
d) All of the above
© WGU 2024/2025
Business Simulation
FINAL ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: In a business simulation, which financial
statement reflects the company's operational efficiency?
a) Balance Sheet
b) Income Statement
c) Cash Flow Statement
d) Statement of Retained Earnings
Correct Answer: b) Income Statement
Rationale: The income statement provides detailed information
about a company's revenues, expenses, and profitability, which are
key indicators of operational efficiency.
2. Fill-in-the-Blank: The __________ ratio is used to assess a
company's ability to meet its short-term obligations with its most
liquid assets.
Correct Answer: Current
Rationale: The current ratio is a liquidity ratio that measures a
company's ability to pay off its short-term liabilities with its current
assets.
3. True/False: In business simulation, market share is more
important than net profit margin for a company's long-term
success.
Correct Answer: False
© WGU 2024/2025
, Rationale: While market share is important for a company's
growth, net profit margin is crucial for its sustainability and long-
term success as it indicates the actual profitability.
4. Multiple Response: Which of the following are typically
included in a SWOT analysis of a business simulation?
a) Strengths
b) Weaknesses
c) Opportunities
d) Threats
e) Objectives
Correct Answers: a) Strengths, b) Weaknesses, c)
Opportunities, d) Threats
Rationale: SWOT analysis is a strategic planning technique used
to identify and analyze the Strengths, Weaknesses, Opportunities,
and Threats associated with a business venture.
5. Multiple Choice: Effective cash flow management in a business
simulation is critical for:
a) Ensuring liquidity
b) Facilitating expansion
c) Minimizing tax liability
d) All of the above
© WGU 2024/2025
