WGU C201 LATEST EXAM QUESTIONS AND
VERIFIED ANSWERS
Which policy is used to manage the economy using government spending and taxation? -
ANSWER Fiscal
Which type of unemployment is the employee expecting to be unemployed for a portion of
the year? - ANSWER Seasonal
A specific economic situation when price and demand rise together. - ANSWER Inflation
As a business, is it best to reduce spending or increase spending in a high-inflation
environment? - ANSWER Reduce
As a business, which competition requires government regulation for entry? - ANSWER
Monopoly
Which type of competition is the easiest to enter? - ANSWER Pure
What is the name of the graph that we use to demonstrate demand? - ANSWER Demand
Curve
What is the point where supply and demand curves intersect? - ANSWER Equilibrium Price
Is the study of supply and demand a micro or macroeconomic issue? - ANSWER Micro
When federal taxes are reduced, is that micro or macro? - ANSWER Macro
, When a tariff is increased on importing produce, is that micro or macro? - ANSWER Macro
Name the three tiers of management? - ANSWER Middle, Supervisory, Top
Management is the process of - ANSWER achieving organizational objectives
Which level of planning does the middle level manager complete? - ANSWER Tactical
All levels of management may have to contribute to the contingency plan. - ANSWER True
Select the skill sets required for management - ANSWER Technical, Human, Conceptual
Departmentalizing based by domestic and international is which kind of
departmentalization? - ANSWER Geographical
Pick two types of departmentalization. - ANSWER Functional, Process
An organizational structure that is slow to make decisions because they look for consensus.
- ANSWER Committee
You may report vertically and horizontally in this organizational structure. - ANSWER Matrix
There are three key elements to an organization. What are they? - ANSWER Human
interaction, Goal directed activities, Structure
Which type of production carries the highest inventory? - ANSWER Mass Production
VERIFIED ANSWERS
Which policy is used to manage the economy using government spending and taxation? -
ANSWER Fiscal
Which type of unemployment is the employee expecting to be unemployed for a portion of
the year? - ANSWER Seasonal
A specific economic situation when price and demand rise together. - ANSWER Inflation
As a business, is it best to reduce spending or increase spending in a high-inflation
environment? - ANSWER Reduce
As a business, which competition requires government regulation for entry? - ANSWER
Monopoly
Which type of competition is the easiest to enter? - ANSWER Pure
What is the name of the graph that we use to demonstrate demand? - ANSWER Demand
Curve
What is the point where supply and demand curves intersect? - ANSWER Equilibrium Price
Is the study of supply and demand a micro or macroeconomic issue? - ANSWER Micro
When federal taxes are reduced, is that micro or macro? - ANSWER Macro
, When a tariff is increased on importing produce, is that micro or macro? - ANSWER Macro
Name the three tiers of management? - ANSWER Middle, Supervisory, Top
Management is the process of - ANSWER achieving organizational objectives
Which level of planning does the middle level manager complete? - ANSWER Tactical
All levels of management may have to contribute to the contingency plan. - ANSWER True
Select the skill sets required for management - ANSWER Technical, Human, Conceptual
Departmentalizing based by domestic and international is which kind of
departmentalization? - ANSWER Geographical
Pick two types of departmentalization. - ANSWER Functional, Process
An organizational structure that is slow to make decisions because they look for consensus.
- ANSWER Committee
You may report vertically and horizontally in this organizational structure. - ANSWER Matrix
There are three key elements to an organization. What are they? - ANSWER Human
interaction, Goal directed activities, Structure
Which type of production carries the highest inventory? - ANSWER Mass Production
