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