WGU C201 questions with verified correct
answers 2024\2025 A+ Grade
Accounting
- correct answer Process of measuring, interpreting, and communicating financial information to enable
people inside and outside the firm to make informed decisions.
Accounting Cycle
- correct answer Set of activities involved in converting information and individual transactions into
financial statements.
Accounting Equation/Accounting Identity
- correct answer Formula that states Assets must equal Liabilities plus Owners' Equity.
Assets
- correct answer Liabilities + Owners' Equity
Accrual Accounting
- correct answer Accounting method that records revenues and expenses when they occur, not
necessarily when cash actually changes hands.
Advertising
- correct answer Paid non-personal communication, usually targeted at large numbers of potential
buyers
Affinity Program
- correct answer Marketing effort sponsored by an organization that solicits involvement by individuals
who share common interests and activities
Application Service Provider
- correct answer outside supplier that provides both the computers and the application support for
managing an information system
,Asset
- correct answer anything of value owned or leased by a company
Balance Sheet
- correct answer statement of a firm's financial position on a particular date
Balanced Budget
- correct answer situation in which total revenues raised by taxes and fees equal total proposed
government spending for the year
Business (B2B) Product
- correct answer good or service purchased to be used, either directly or indirectly, in the production of
other goods for resale
Business Intelligence
- correct answer activities and technologies for gathering, storing, and analyzing data to make better
competitive decisions
Capital Structure
- correct answer mix of a firm's debt and equity capital
Capitalism
- correct answer economic system that rewards firms for their ability to perceive and serve the needs
and demands of consumers; also called Private Enterprise System
Private Enterprise System
- correct answer economic system that rewards firms for their ability to perceive and serve the needs
and demands of consumers; also called Capitalism
Category Advisor
- correct answer vendor that is designated by the business customer as the major supplier to assume
responsibility for dealing with all the other vendors for a project and presenting the entire package to
the business buyer
, Cause Advertising
- correct answer form of institutional advertising that promotes a specific viewpoint on a public issue as
a way to influence public opinion and the legislative process
Cause Marketing
- correct answer marketing that promotes a cause or social issue, such as preventing child abuse, anti-
littering efforts, and stop smoking campaigns
Centralization
- correct answer decision making based at the top of the management hierarchy
Chain of Command
- correct answer set of relationships that indicates who directs which activities and who reports to
whom
Chief Information Officer (CIO)
- correct answer executive responsible for managing a firm's information system and related computer
technologies
Cloud Computing
- correct answer powerful servers store applications software and databases for users to access the
software and databases via the Web using anything from a PC to a smart phone
Cobranding
- correct answer cooperative arrangement in which two or more businesses team up to closely link their
names on a single product
Comarketing
- correct answer cooperative arrangement in which two businesses jointly market each other's products
Committee Organization
- correct answer organizational structure that places authority and responsibility jointly in the hands of a
group of individuals rather than a single manager
answers 2024\2025 A+ Grade
Accounting
- correct answer Process of measuring, interpreting, and communicating financial information to enable
people inside and outside the firm to make informed decisions.
Accounting Cycle
- correct answer Set of activities involved in converting information and individual transactions into
financial statements.
Accounting Equation/Accounting Identity
- correct answer Formula that states Assets must equal Liabilities plus Owners' Equity.
Assets
- correct answer Liabilities + Owners' Equity
Accrual Accounting
- correct answer Accounting method that records revenues and expenses when they occur, not
necessarily when cash actually changes hands.
Advertising
- correct answer Paid non-personal communication, usually targeted at large numbers of potential
buyers
Affinity Program
- correct answer Marketing effort sponsored by an organization that solicits involvement by individuals
who share common interests and activities
Application Service Provider
- correct answer outside supplier that provides both the computers and the application support for
managing an information system
,Asset
- correct answer anything of value owned or leased by a company
Balance Sheet
- correct answer statement of a firm's financial position on a particular date
Balanced Budget
- correct answer situation in which total revenues raised by taxes and fees equal total proposed
government spending for the year
Business (B2B) Product
- correct answer good or service purchased to be used, either directly or indirectly, in the production of
other goods for resale
Business Intelligence
- correct answer activities and technologies for gathering, storing, and analyzing data to make better
competitive decisions
Capital Structure
- correct answer mix of a firm's debt and equity capital
Capitalism
- correct answer economic system that rewards firms for their ability to perceive and serve the needs
and demands of consumers; also called Private Enterprise System
Private Enterprise System
- correct answer economic system that rewards firms for their ability to perceive and serve the needs
and demands of consumers; also called Capitalism
Category Advisor
- correct answer vendor that is designated by the business customer as the major supplier to assume
responsibility for dealing with all the other vendors for a project and presenting the entire package to
the business buyer
, Cause Advertising
- correct answer form of institutional advertising that promotes a specific viewpoint on a public issue as
a way to influence public opinion and the legislative process
Cause Marketing
- correct answer marketing that promotes a cause or social issue, such as preventing child abuse, anti-
littering efforts, and stop smoking campaigns
Centralization
- correct answer decision making based at the top of the management hierarchy
Chain of Command
- correct answer set of relationships that indicates who directs which activities and who reports to
whom
Chief Information Officer (CIO)
- correct answer executive responsible for managing a firm's information system and related computer
technologies
Cloud Computing
- correct answer powerful servers store applications software and databases for users to access the
software and databases via the Web using anything from a PC to a smart phone
Cobranding
- correct answer cooperative arrangement in which two or more businesses team up to closely link their
names on a single product
Comarketing
- correct answer cooperative arrangement in which two businesses jointly market each other's products
Committee Organization
- correct answer organizational structure that places authority and responsibility jointly in the hands of a
group of individuals rather than a single manager
