WGU D362 EXAM TEST PAPER 2026
UPDATED TEST BANK SOLVED QUESTIONS.
⫸ Capital budgeting. Answer: The decision-making process through
which the firm purchases productive assets.
⫸ General partnership. Answer: A partnership where all partners are
owners and actively manage it.
⫸ Limited partnership. Answer: A partnership that has general
partners and limited partners, where limited partners are owners but
not managers.
⫸ S corporation. Answer: A corporation that has elected to pass
corporate income, losses, deductions, and credits through to their
shareholders for federal tax purposes.
⫸ C corporation. Answer: A corporation that is taxed separately from
its owners.
⫸ Benefit Corporation. Answer: A type of corporation that includes a
public benefit in addition to profit as its purpose.
⫸ B Corp. Answer: Benefit corporations are a layer added to the
traditional cooperate entity type (legal entity type).
, ⫸ B corps. Answer: Not a legal business structure, but rather an
outside accountability that comes through B Lab.
⫸ Conglomerates. Answer: Large company that owns multiple
businesses across many different industries.
⫸ Joint venture. Answer: When two or more companies agree to
collaborate on a specific project while remaining separate business
entities.
⫸ Horizontal merger. Answer: When two companies in the same
industry at the same stage of production combine.
⫸ Vertical merger. Answer: Two companies at different stages of the
supply chain combine.
⫸ Congeneric merger. Answer: Two companies in the same industries
that do not compete merge.
⫸ Synergy. Answer: The combined value of the companies after the
merger are greater than the value before.
⫸ Master limited partnerships. Answer: Exchange traded invest
exploration, development, mining, processing, or transportation of
minerals or natural resources.
UPDATED TEST BANK SOLVED QUESTIONS.
⫸ Capital budgeting. Answer: The decision-making process through
which the firm purchases productive assets.
⫸ General partnership. Answer: A partnership where all partners are
owners and actively manage it.
⫸ Limited partnership. Answer: A partnership that has general
partners and limited partners, where limited partners are owners but
not managers.
⫸ S corporation. Answer: A corporation that has elected to pass
corporate income, losses, deductions, and credits through to their
shareholders for federal tax purposes.
⫸ C corporation. Answer: A corporation that is taxed separately from
its owners.
⫸ Benefit Corporation. Answer: A type of corporation that includes a
public benefit in addition to profit as its purpose.
⫸ B Corp. Answer: Benefit corporations are a layer added to the
traditional cooperate entity type (legal entity type).
, ⫸ B corps. Answer: Not a legal business structure, but rather an
outside accountability that comes through B Lab.
⫸ Conglomerates. Answer: Large company that owns multiple
businesses across many different industries.
⫸ Joint venture. Answer: When two or more companies agree to
collaborate on a specific project while remaining separate business
entities.
⫸ Horizontal merger. Answer: When two companies in the same
industry at the same stage of production combine.
⫸ Vertical merger. Answer: Two companies at different stages of the
supply chain combine.
⫸ Congeneric merger. Answer: Two companies in the same industries
that do not compete merge.
⫸ Synergy. Answer: The combined value of the companies after the
merger are greater than the value before.
⫸ Master limited partnerships. Answer: Exchange traded invest
exploration, development, mining, processing, or transportation of
minerals or natural resources.
