C201 Business Acumen Exam
Questions with Accurate Answers
___ are short-term securities issued by the U.S. Treasury and backed by the full
faith and credit of the U.S. government.
A. Commercial paper
B. Bonds
C. Treasury bills
D. CDs correct answer C. Treasury bills
_____ are short-term debt securities issued by governments, financial institutions,
and corporations.
A. Money market instruments
B. Checks
C. Stock
D. Bonds correct answer A. Money market instruments
_____ deals with the process of planning, obtaining, and managing a company's
funds to accomplish its objectives as effectively and efficiently as possible.
A. Business analytics
B. Finance
C. Accounting
D. Knowledge management correct answer B. Finance
,_____ departmentalization organizes work units based on the goods and services
a company offers.
A. Process
B. Product
C. Functional
D. Geographical correct answer B. Product
_____ is a calculation that determines the difference in revenue of a retailer's
existing supplies over a certain period of time, usually quarterly, compared to the
identical period of time, in a prior year.
A. Risk-return tradeoff
B. Same-store sales
C. Capital investment analysis
D. Asset intensity correct answer B. Same-store sales
_____ is a document that specifies the funds a company will need for a period of
time, the timing of inflows and outflows, and the most appropriate sources and
uses of funds.
A. financial plan
B. leverage plan
C. asset management plan
D. strategic plan correct answer A. financial plan
,_____ ratios are designed to evaluate a firm's ability to generate revenues in
excess of operating costs and other expenses.
A. Profitability
B. Activity
C. Debt
D. Liquidity correct answer A. Profitability
A "lights out" factory, which is completely automated demonstrates a company's
lack of ability to meet customer needs.
True
False correct answer False
A bakery customizes cakes for clients as well as accepts budgets within which they
should be made. This is an example of a _____ production system.
A. customer-driven
B. flexible
C. mass
D. process-oriented correct answer A. customer-driven
A balance sheet hedge provides a method for global companies to reduce risks
associated with exchange rate fluctuations.
, True
False correct answer True
A business aims its promotions toward singles between the ages of 25 and 40 who
reside in a specific county. The business has _____.
A. developed a marketing plan
B. developed a marketing mix
C. selected a target market
D. created personal utility correct answer C. selected a target market
A company might divide itself into smaller groups that best match the types of
customers it serves. What is this is an example of?
A. Departmentalization
B. Organization
C. Strategic Planning
D. Decentralization correct answer A. Departmentalization
A company that is based on a direct flow of authority from the top executive to
subordinates is known as a _____ organization.
A. committee
B. line
C. line-and-staff
Questions with Accurate Answers
___ are short-term securities issued by the U.S. Treasury and backed by the full
faith and credit of the U.S. government.
A. Commercial paper
B. Bonds
C. Treasury bills
D. CDs correct answer C. Treasury bills
_____ are short-term debt securities issued by governments, financial institutions,
and corporations.
A. Money market instruments
B. Checks
C. Stock
D. Bonds correct answer A. Money market instruments
_____ deals with the process of planning, obtaining, and managing a company's
funds to accomplish its objectives as effectively and efficiently as possible.
A. Business analytics
B. Finance
C. Accounting
D. Knowledge management correct answer B. Finance
,_____ departmentalization organizes work units based on the goods and services
a company offers.
A. Process
B. Product
C. Functional
D. Geographical correct answer B. Product
_____ is a calculation that determines the difference in revenue of a retailer's
existing supplies over a certain period of time, usually quarterly, compared to the
identical period of time, in a prior year.
A. Risk-return tradeoff
B. Same-store sales
C. Capital investment analysis
D. Asset intensity correct answer B. Same-store sales
_____ is a document that specifies the funds a company will need for a period of
time, the timing of inflows and outflows, and the most appropriate sources and
uses of funds.
A. financial plan
B. leverage plan
C. asset management plan
D. strategic plan correct answer A. financial plan
,_____ ratios are designed to evaluate a firm's ability to generate revenues in
excess of operating costs and other expenses.
A. Profitability
B. Activity
C. Debt
D. Liquidity correct answer A. Profitability
A "lights out" factory, which is completely automated demonstrates a company's
lack of ability to meet customer needs.
True
False correct answer False
A bakery customizes cakes for clients as well as accepts budgets within which they
should be made. This is an example of a _____ production system.
A. customer-driven
B. flexible
C. mass
D. process-oriented correct answer A. customer-driven
A balance sheet hedge provides a method for global companies to reduce risks
associated with exchange rate fluctuations.
, True
False correct answer True
A business aims its promotions toward singles between the ages of 25 and 40 who
reside in a specific county. The business has _____.
A. developed a marketing plan
B. developed a marketing mix
C. selected a target market
D. created personal utility correct answer C. selected a target market
A company might divide itself into smaller groups that best match the types of
customers it serves. What is this is an example of?
A. Departmentalization
B. Organization
C. Strategic Planning
D. Decentralization correct answer A. Departmentalization
A company that is based on a direct flow of authority from the top executive to
subordinates is known as a _____ organization.
A. committee
B. line
C. line-and-staff
