WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 TEST BANK CONTAINS (VERSION A &B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS 2024(NEWEST) ALREADY GRADED A+

1 | P a g e WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 TEST BANK CONTAINS (VERSION A &B ) WITH ACTUAL CORRECT QUESTIONS AND VERIFIED DETAILED RATIONALES ANSWERS 2024 (NEWEST) ALREADY GRADED A+ In which three ways does business -buying behavior differ from consu mer-buying behavior? Choose 3 answers Buyers face organizational influences in addition to their own preferences, purchasers often invite selected providers to bid on a purchase, a group or committee often makes decisions Which three conditions, in a globa l selling environment, should a small company leverage to create a competitive advantage? Choose 3 answers cultural homogeneity, mobility of labor, local labor costs With which two types of products does a marketing strategy rely on advertising more than p ersonal selling? Choose 2 answers. Consumable supplies, accessories to primary products After years of marketing a body lotion, a cosmetics company begins promoting the lotion as an the lotion as an insect repellent as well. In which three product life cyc le extension strategies did this company engage? Choose 3 answers Adding new users, finding new uses for the product, increasing frequency of use. What are three ways that an effective brand name can influence consumer product recognition? Choose 3 answers It conveys an image, it depicts trademark protection, it reflects brand equity. A customer has purchased a product twice and intends to do so again. Which stage of brand loyalty is this customer in? Brand preference Which manufacturer distribution model i s enhanced by the shipping and tracking capabilities of a global package delivery service? retail 2 | P a g e Which three tasks are key responsibilities of operations managers? Choose 3 answers Planning the overall production process, implementing the production plan, determine the best layout for the firm's facilities. Which two characteristics does a Just -In-Time (JIT) System have? Choose 2 answers A JIT system seeks to eliminate anything that does not add value in operations activities, production using JIT reduces a firm's inventory costs. Which aspect of operations management do the ISO 9000 Standards address? Establishment of effective quality systems? Which manufacturing model uses technology to produce small runs of customized products cost effectively? Flexible Which two of the following distribution channels would take title of the products they handle? Choose 2 answers Limited function merchant wholesaler, full function merchant wholesaler Which economic graph is used by organizations to regulate production by predicting the amount of product buyers will purchase at different prices? Demand curve Which two factors drive demand in a microeconomics system? Choose 2 answers Customer preference, price of substitute goods How does a sudden shortage of a commodity pr oduct affect the immediate demand for the product at its current price? There is no immediate effect on demand Which two impacts result from a nation's increase in productivity? Choose 2 answers Economy expands, Personal wealth increases For which two purp oses will the U.S Federal Reserve System follow an expansionary monetary policy? Choose 2 answers To encourage bankers to make loans, to cut the cost of borrowing Which two economic impacts should a manager anticipate when the U.S. government reduces the number of Treasury bills, Treasury Notes, and Treasury bonds it sells? Choose 2 answers An increase in overall cost of debt to private borrowers, an increase of funds for public services What is one role of a financial manage? Analyzing major investment dec isoins 3 | P a g e Which two activities are finance activities rather than accounting activities? Choose 2 answers Making capital market investments, creating a financial plan Which three sources should a business consider when seeking a long -term source? Choose 3 ans wers Hedge funds, Venture capital, public sale of stocks In which type of security should a business invest its excess cash in anticipation of paying off the current year's tax liability? Commercial paper Which role does the underwriter play in financing b usiness operations when using the capital market to sell securities to the public? It insures the value of the security to the investor Why should a manager use financial controls in a firm's financial plan? to determine the accuracy of forecasted revenues , costs, and expenses What does a CFO use in financial planning to determine the expected level of revenue for future periods? Sales forecast plus non -sales revenue How did the Dodd -Frank Wall Street Reform and Consumer Protection Act impact retailers? capped the debit ca rd fee at 21 cents Which two activities are prohibited by insider trading laws and should be avoided by a firm's employees? Choose 2 answers Selling company stock because a co -worker told the employee the company's new drug is failing in clinical trial, buying stock in the public company for which the employee works based on a conversation the employee overheard at a cocktail party between two of the company's executives. Which two risks does a firm face by funding the purchase of long -term assets with short -term funding sources? Choose 2 ansers Volatility of interest rates, frequent renewals Which funding source should a firm use if it wishes to secure long -term financing while retaining all of its equity? private equity fund Which three cha racteristics make commercial paper a low -risk, attractive source of short -term funding for a business? It has a maturity that ranges between 1 and 270 days, it carries interest rates that are 1 to 2 percent less than bank loans, it can make large amounts o f money available 4 | P a g e What should a firm do to manage the risk of using leverage when exploring long -term funding options? Ensure that earnings remain larger than interests payments Which financial statement should an investor examine to identify the liabiliti es of a firm? The balance sheet A company wishes to determine if it should fund a project with bonds or equity. Which business concept would it most likely use to assist in the decision? leverage Which calculation determines a firm's return on equity? net income divided by average equity Why should companies that are conservative investors with liquidity concerns invest their excess cash in money market funds? it converts easily to cash Which regulatory relationship with the Securities and Exchange Commissi on (SEC) historically has acted to prohibit the U.S. from adopting the International Financial Reporting Standards (IFRS)? FASB requires companies to comply with GAAP that differ from IFRS Which users of financial statements use the financial statements to evaluate operations of the firm and to make investment decisions? owners and creditors What is considered the heart of any information system? The Database Which type of information system should be accessed by the vice president of sales for a national department store chain who wants to see the previous day's sales receipts? A transaction processing system How does a virtual private network contribute to a firm's workforce productivity? employers are enabled to work remotely with secure connectivity to t he corporate network via the internet What are three ways cloud computing services enhance company productivity? Choose 3 answers Through better resource utilization, through elimination of application downtime, through dedication of resources to each user For which type of communication should employees have an ethical expectation of privacy from company monitoring? Personal letters sent through the company mail room