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WGU C201 Exam Questions With 100% Correct Answers
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WGU C201 Exam Questions With 100% Correct Answers
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WGU C201 Exam Questions With 100% Correct Answers 2023-2024Which 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
There are three key elements to an organization. What are they? - Correct Answer-
Human interaction, Goal directed activities, Structure
Which type of production carries the highest inventory? - Correct Answer-Mass Production
Which type of production has little to no finished inventory? - Correct Answer-Customer driven production
Which type of production requires the highest level of skilled workers? - Correct Answer-Mass Production
Select two advantages to computer aided manufacturing. - Correct Answer-Accuracy, Speed
What do we call a facility that can utilize computer-integrated manufacturing to produce a product from start to finish? - Correct Answer-Lights out facility
The computer based planning system used by production managers to ensure parts and materials are on hand. - Correct Answer-MRP
A process lay-out where all of the materials must be brought to the product being manufactured. - Correct Answer-Fixed position
This type of process lay out is used when we have an assembly line. - Correct Answer-
Product
What is the outcome of good production management? Choose 2 - Correct Answer-
Decreased cost, High quality
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