WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which two key elements does an effective organization include? - (ANSWERS)Human
Interaction & Structure
Why does a line organization structure function most effectively in a crisis situation? -
(ANSWERS)It establishes a direct flow of authority
A company might divide itself into smaller groups that best match the types of customers it
serves. What is this an example of? - (ANSWERS)Departmentalization
Which primary driver does management use for an organization's structure? -
(ANSWERS)Achievement of company goals
Which step in the organizing process results in management grouping work activities into units
within the organization? - (ANSWERS)Departmentalization
A high-tech startup company is launching a marketing campaign for its new social media portal
by highlighting how the portal exceeds the connectivity and collaboration capabilities of all
other social media sites.
Which type of competitive advantage is this company leveraging? - (ANSWERS)product
Which marketing strategy is devoted to maintaining continuous bottom line prices rather than
relying on short-term price-cutting tactics such as cents-off coupons, rebates, and special
sales? - (ANSWERS)Everyday Low Pricing
When would a pull promotional strategy enhance a competitive advantage to market a product
better than a push strategy? - (ANSWERS)When demand for the product is driven by the end
user
Which marketing tool is often used to build effective relationship marketing campaigns? -
(ANSWERS)Affinity Programs
Which element of the promotional mix has the advantage of messaging that can be tailored for
each customer but the disadvantage of a high cost per contact? - (ANSWERS)Personal Selling
What three factors should be addressed in a successful marketing plan? - (ANSWERS)Target
Market, Sales Revenue Goals and Plan Implementation Timeline
Which three characteristics are measured in demographic segmentation? - (ANSWERS)Race &
Ethnicity, Income and Household Size
,WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
In which three ways does business-buying behavior differ from consumer-buying behavior? -
(ANSWERS)A group or committee often makes decisions
Purchasers often invite selected providers to bid on a purchase
Buyers face organizational influences that affect their own preferences
Which three factors suggest a product should be marketed as a specialty product? -
(ANSWERS)Priced high
Purchased infrequently
Available from a small number of retail outlets
With which two types of products does a marketing strategy rely on advertising more than
personal selling? - (ANSWERS)Accessories to primary products
Consumable supplies
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? - (ANSWERS)Adding new users, finding new uses for the product, increasing frequency
of use.
What are three qualities of strong brand equity? - (ANSWERS)Awareness, Loyalty and 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? -
(ANSWERS)brand preference
Which manufacturer distribution model is enhanced by the shipping and tracking capabilities
of a global package delivery service? - (ANSWERS)Direct
Which three tasks are key responsibilities of operations managers? - (ANSWERS)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? - (ANSWERS)Production using
JIT reduces a firm's inventory costs.
A JIT system seeks to eliminate anything that does not add value in operations activities.
,WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which aspect of operations management do the ISO 9000 standards address? -
(ANSWERS)Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized products
cost effectively? - (ANSWERS)Flexible
Which two of the following distribution channels would take title of the products they handle?
- (ANSWERS)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? - (ANSWERS)Demand Curve
Which two factors drive demand in a microeconomic system? - (ANSWERS)Price of substitute
goods
Customer preference
How does a sudden shortage of a commodity product affect the immediate demand for the
product at its current price? - (ANSWERS)Demand increases
Which two impacts result from a nation's increase in productivity? - (ANSWERS)Economy
expands
Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary monetary
policy? - (ANSWERS)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? - (ANSWERS)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? - (ANSWERS)Analyzing major investment decisions
Which two activities are finance activities rather than accounting activities? -
(ANSWERS)Making capital market investments
Creating a financial plan
, WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which three sources should a business consider when seeking a long-term funding source? -
(ANSWERS)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? - (ANSWERS)commerical paper
Which role does the underwriter play in financing business operations when using the capital
market to sell securities to the public? - (ANSWERS)It assumes the risk of the assessed value
of the security from the issuer.
Why should a manager use financial controls in a firm's financial plan? - (ANSWERS)To
determine the accuracy of forecasted revenues, costs, and expenses
What does a CFO use in financial planning to determine the expected level of revenue for future
periods? - (ANSWERS)Sales forecast plus non-sales revenue
How did the Dodd-Frank Wall Street Reform and Consumer Protection Act impact retailers? -
(ANSWERS)It capped the debit card swipe fee at 21 cents.
Which two activities are prohibited by insider trading laws and should be avoided by a firm's
employees? - (ANSWERS)Buying stock in the public company for which the employee works
based on a conversation the employee overheard at a cocktail party between two of the
company's executives
Selling company stock because a co-worker told the employee the company's new drug is
failing in clinical trial
Which two risks does a firm face by funding the purchase of long-term assets with short-term
funding sources? - (ANSWERS)Volatility of interest rates
Frequent renewals
Which funding source should a firm use if it wishes to secure long-term financing while retaining
all of its equity? - (ANSWERS)Long-term commercial bank loan
Which three characteristics make commercial paper a low-risk, attractive source of short-term
funding for a business? - (ANSWERS)It can make large amounts of money available.
It carries interest rates that are 1 to 2 percent less than bank loans.
It has a maturity that ranges between 1 and 270 days.
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which two key elements does an effective organization include? - (ANSWERS)Human
Interaction & Structure
Why does a line organization structure function most effectively in a crisis situation? -
(ANSWERS)It establishes a direct flow of authority
A company might divide itself into smaller groups that best match the types of customers it
serves. What is this an example of? - (ANSWERS)Departmentalization
Which primary driver does management use for an organization's structure? -
(ANSWERS)Achievement of company goals
Which step in the organizing process results in management grouping work activities into units
within the organization? - (ANSWERS)Departmentalization
A high-tech startup company is launching a marketing campaign for its new social media portal
by highlighting how the portal exceeds the connectivity and collaboration capabilities of all
other social media sites.
Which type of competitive advantage is this company leveraging? - (ANSWERS)product
Which marketing strategy is devoted to maintaining continuous bottom line prices rather than
relying on short-term price-cutting tactics such as cents-off coupons, rebates, and special
sales? - (ANSWERS)Everyday Low Pricing
When would a pull promotional strategy enhance a competitive advantage to market a product
better than a push strategy? - (ANSWERS)When demand for the product is driven by the end
user
Which marketing tool is often used to build effective relationship marketing campaigns? -
(ANSWERS)Affinity Programs
Which element of the promotional mix has the advantage of messaging that can be tailored for
each customer but the disadvantage of a high cost per contact? - (ANSWERS)Personal Selling
What three factors should be addressed in a successful marketing plan? - (ANSWERS)Target
Market, Sales Revenue Goals and Plan Implementation Timeline
Which three characteristics are measured in demographic segmentation? - (ANSWERS)Race &
Ethnicity, Income and Household Size
,WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
In which three ways does business-buying behavior differ from consumer-buying behavior? -
(ANSWERS)A group or committee often makes decisions
Purchasers often invite selected providers to bid on a purchase
Buyers face organizational influences that affect their own preferences
Which three factors suggest a product should be marketed as a specialty product? -
(ANSWERS)Priced high
Purchased infrequently
Available from a small number of retail outlets
With which two types of products does a marketing strategy rely on advertising more than
personal selling? - (ANSWERS)Accessories to primary products
Consumable supplies
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? - (ANSWERS)Adding new users, finding new uses for the product, increasing frequency
of use.
What are three qualities of strong brand equity? - (ANSWERS)Awareness, Loyalty and 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? -
(ANSWERS)brand preference
Which manufacturer distribution model is enhanced by the shipping and tracking capabilities
of a global package delivery service? - (ANSWERS)Direct
Which three tasks are key responsibilities of operations managers? - (ANSWERS)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? - (ANSWERS)Production using
JIT reduces a firm's inventory costs.
A JIT system seeks to eliminate anything that does not add value in operations activities.
,WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which aspect of operations management do the ISO 9000 standards address? -
(ANSWERS)Establishment of effective quality systems
Which manufacturing model uses technology to produce small runs of customized products
cost effectively? - (ANSWERS)Flexible
Which two of the following distribution channels would take title of the products they handle?
- (ANSWERS)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? - (ANSWERS)Demand Curve
Which two factors drive demand in a microeconomic system? - (ANSWERS)Price of substitute
goods
Customer preference
How does a sudden shortage of a commodity product affect the immediate demand for the
product at its current price? - (ANSWERS)Demand increases
Which two impacts result from a nation's increase in productivity? - (ANSWERS)Economy
expands
Personal wealth increases
For which two purposes will the U.S. Federal Reserve System follow an expansionary monetary
policy? - (ANSWERS)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? - (ANSWERS)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? - (ANSWERS)Analyzing major investment decisions
Which two activities are finance activities rather than accounting activities? -
(ANSWERS)Making capital market investments
Creating a financial plan
, WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT
WITH ACTUAL CORRECT QUESTIONS AND VERIFIED
DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY
GRADED A+
Which three sources should a business consider when seeking a long-term funding source? -
(ANSWERS)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? - (ANSWERS)commerical paper
Which role does the underwriter play in financing business operations when using the capital
market to sell securities to the public? - (ANSWERS)It assumes the risk of the assessed value
of the security from the issuer.
Why should a manager use financial controls in a firm's financial plan? - (ANSWERS)To
determine the accuracy of forecasted revenues, costs, and expenses
What does a CFO use in financial planning to determine the expected level of revenue for future
periods? - (ANSWERS)Sales forecast plus non-sales revenue
How did the Dodd-Frank Wall Street Reform and Consumer Protection Act impact retailers? -
(ANSWERS)It capped the debit card swipe fee at 21 cents.
Which two activities are prohibited by insider trading laws and should be avoided by a firm's
employees? - (ANSWERS)Buying stock in the public company for which the employee works
based on a conversation the employee overheard at a cocktail party between two of the
company's executives
Selling company stock because a co-worker told the employee the company's new drug is
failing in clinical trial
Which two risks does a firm face by funding the purchase of long-term assets with short-term
funding sources? - (ANSWERS)Volatility of interest rates
Frequent renewals
Which funding source should a firm use if it wishes to secure long-term financing while retaining
all of its equity? - (ANSWERS)Long-term commercial bank loan
Which three characteristics make commercial paper a low-risk, attractive source of short-term
funding for a business? - (ANSWERS)It can make large amounts of money available.
It carries interest rates that are 1 to 2 percent less than bank loans.
It has a maturity that ranges between 1 and 270 days.
