WGU C201 EXAM QUESTIONS WITH
100% CORRECT ANSWERS L LATEST
VERSION 2025/2026.
True/False: Macroeconomics is the study of small economic units such as households and
individual businesses - ANS False
What is true of supply and demand curves? - ANS Movement along the supply curve is the
opposite of movement along the demand curve.
In which market structure are there a large number of buyers/sellers, each of whom has some
significant control over price? - ANS Monopolistic Competition
A few industries in the US, like transportation, energy, and communications, were deregulated
in the 1980s and 1990s to: - ANS Improve customer service and reduce prices
If labor hours increase, the amount of natural resources used remains the same, and output
remains constant, productivity is said to have: - ANS Decreased
Core inflation rate is the inflation rate of an economy after _________ and ________ prices are
removed. - ANS energy; food
___________ is formulated by the Federal Reserve System - ANS Monetary Policy
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, A _____________ reduces the money supply to curb rising prices, overexpansion, and concerns
about overly rapid economic growth. - ANS Restrictive monetary policy
Economics is the study of: - ANS The choices people and governments make when allocating
scare resources
How does planning assist a company? - ANS Effective planning helps a company avoid costly
mistakes and seize opportunities.
True/False: The ethical tone that a top management team establishes can reap monetary
rewards only. - ANS False
Which of the following planning activities involves two components: business continuation and
public communication? - ANS Contingency planning
Fathima, a CEO, sets guideposts that help managers in her organization define the organization's
desired performance in such areas as profitability, customer service, growth, and employee
satisfaction. In this scenario, Fathima is: - ANS Setting Objectives
Decisions involving entering a new market, deleting a product from the line, or developing a
new product are examples of: - ANS nonprogrammed decisions
____________ is centered on the boss. - ANS autocratic leadership
Managers use symbols, rituals, ceremonies, and stories to reinforce: - ANS Corporate culture
Which of the following statements is true of management? - ANS Management is the process
of achieving organizational objectives through people and other resources
The want-satisfying power of a good or service is called _____. - ANS Utility
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
100% CORRECT ANSWERS L LATEST
VERSION 2025/2026.
True/False: Macroeconomics is the study of small economic units such as households and
individual businesses - ANS False
What is true of supply and demand curves? - ANS Movement along the supply curve is the
opposite of movement along the demand curve.
In which market structure are there a large number of buyers/sellers, each of whom has some
significant control over price? - ANS Monopolistic Competition
A few industries in the US, like transportation, energy, and communications, were deregulated
in the 1980s and 1990s to: - ANS Improve customer service and reduce prices
If labor hours increase, the amount of natural resources used remains the same, and output
remains constant, productivity is said to have: - ANS Decreased
Core inflation rate is the inflation rate of an economy after _________ and ________ prices are
removed. - ANS energy; food
___________ is formulated by the Federal Reserve System - ANS Monetary Policy
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, A _____________ reduces the money supply to curb rising prices, overexpansion, and concerns
about overly rapid economic growth. - ANS Restrictive monetary policy
Economics is the study of: - ANS The choices people and governments make when allocating
scare resources
How does planning assist a company? - ANS Effective planning helps a company avoid costly
mistakes and seize opportunities.
True/False: The ethical tone that a top management team establishes can reap monetary
rewards only. - ANS False
Which of the following planning activities involves two components: business continuation and
public communication? - ANS Contingency planning
Fathima, a CEO, sets guideposts that help managers in her organization define the organization's
desired performance in such areas as profitability, customer service, growth, and employee
satisfaction. In this scenario, Fathima is: - ANS Setting Objectives
Decisions involving entering a new market, deleting a product from the line, or developing a
new product are examples of: - ANS nonprogrammed decisions
____________ is centered on the boss. - ANS autocratic leadership
Managers use symbols, rituals, ceremonies, and stories to reinforce: - ANS Corporate culture
Which of the following statements is true of management? - ANS Management is the process
of achieving organizational objectives through people and other resources
The want-satisfying power of a good or service is called _____. - ANS Utility
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
