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!!

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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMEN
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T 2 TEST EXAM|| VERSIONS (A, B&C) ALL QUESTIONS AN
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D 100% CORRECT ANSWERS ALREADY GRADED A+|| LAT
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EST UPDATE WITH VERIFIED SOLUTIONS|| ASSURED PA
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SS!!
VERSION A g




Which part of the organizing process aids in effective and efficient progress toward p
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lanned goals and often results in changes within the organization? -
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gANSWER: evaluating results g g




What is the result of a company increasing the delegation of authority and the span of
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control? - ANSWER: Increased decision-making authority given to employees
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Which primary driver does management use for an organization's structure? -
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ANSWER: Achievement of company goals
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Which two risks does a firm face by funding the purchase of long-
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term assets with short-term funding sources? -
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gANSWER: volatility of interest rates and frequent renewals
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Which step in the organizing process results in management grouping work activities
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into units within the organization? - ANSWER: departmentalization
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After years of marketing a body lotion, a cosmetics company begins promoting the lo
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tion as an insect repellent as well.
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In which three product life cycle extension strategies did this company engage? -
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gANSWER: adding new users, increasing frequency of use and finding new uses for t
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he product
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Which manufacturer distribution model is enhanced by the shipping and tracking cap
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abilities of a global package delivery service? - ANSWER: direct
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Which three tasks are key responsibilities of operations managers? -
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ANSWER: Planning the overall production process
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Implementing the production plan g g g




Determining the best layout for the firm's facilities
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Which manufacturing model uses technology to produce small runs of customized pr
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oducts cost effectively? - ANSWER: flexible
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Which two of the following distribution channels would take title of the products the
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y handle? - ANSWER: Limited-function merchant wholesaler
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Full-function merchant wholesaler g g




Which three sources should a business consider when seeking a long-
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term funding source? -
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gANSWER: venture capital, public sale of stocks and hedge funds
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In which type of security should a business invest its excess cash in anticipation of pa
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ying off the current year's tax liability? - ANSWER: commercial paper
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Which role does the underwriter play in financing business operations when using th
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e capital market to sell securities to the public? -
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ANSWER: It assumes the risk of the assessed value of the security from the issuer
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Why should a manager use financial controls in a firm's financial plan? -
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ANSWER: To determine the accuracy of forecasted revenues, costs, and expenses
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What should a firm do to manage the risk of using leverage when exploring long-
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term funding options? -
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gANSWER: Ensure that earnings remain larger than interest payments
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Which financial statement should an investor examine to identify the liabilities of a fi
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rm? - ANSWER: The balance sheet
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A company wishes to determine if it should fund a project with bonds or equity.Whic
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h business concept would it most likely use to assist in the decision? -
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ANSWER: leverage
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Why should companies that are conservative investors with liquidity concerns invest
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their excess cash in money market funds? - ANSWER: It converts easily into cash.
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Which users of financial statements use the financial statements to evaluate operation
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s of the firm and to make investment decisions? - ANSWER: Owners and creditors
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Microeconomics is the study of - g g g g g


ANSWER: how households and firms make choices, how they interact in markets, a
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nd how the government attempts to influence their choices, supply and demand
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Macroeconomics - ANSWER: the study of economy- g g g g g g


wide phenomena, including inflation, unemployment, and economic growth
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Which policy is used to manage the economy using government spending and taxatio
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n? - ANSWER: Fiscal
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A specific economic situation when price and demand rise together. -
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ANSWER: inflation
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Which type of competition requires government regulation for entry? -
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ANSWER: Monopoly
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Lights out facility - ANSWER: 100% automation production of goods
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3 types of production - ANSWER: mass, flexible, consumer driven
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Four types of production - ANSWER: analytic, synthetic, continuous, intermittent
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MRP - ANSWER: The computer-
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based planning system used by production managers to ensure parts and materials are
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on hand.
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Which type of production utilizes the most information technology (automation)? -
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ANSWER: Flexible
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What are the four strategies of marketing mix elements -
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ANSWER: product, (place) distribution, promotional, pricing
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Integrated marketing communications - g g g


gANSWER: The coordination of all promotional activities—
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media advertising, direct mail, personal selling, sales promotion, and public relations
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—to produce a unified, customer-focused message.
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4 types of financial statements - ANSWER: 1. Balance Sheet
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2. Income Statement
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3. Statement of Retained Earnings
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