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Business Acumen WGU Exam Questions and Answers (Latest Update 2024)
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Business Acumen WGU Exam Questions and Answers (Latest Update 2024)
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Business Acumen WGU Exam Questionsand Answers (Latest Update 2024)
Management - Correct Answer ✅the process of dealing
with or controlling things or people.
Middle Management - Correct Answer ✅Managers who
supervise lower-level managers and report to a higher-level
manager.
Managers who design and carry out tactical plans in specific
areas of the company.
Top Manager - Correct Answer ✅an upper-level executive
who guides and controls the overall fortunes of an
organization
Supervisory Management - Correct Answer ✅The action of
overseeing and managing employees in the workplace.
Strategic Planning - Correct Answer ✅Identifying an
organization's long-term goals & determining best approach
to achieving those goals
,Business Acumen WGU Exam Questions
and Answers (Latest Update 2024)
Departmentalization - Correct Answer ✅the dividing of
organizational functions into separate units
Line Organization - Correct Answer ✅A chain of command
system that establishes a clear line of authority flowing from
the top down
Line and Staff Organization - Correct Answer ✅An
organizational structure that includes both line and staff
positions. Line do the work and Staff Support the Line
Committee Organization - Correct Answer ✅Committee
runs the organization, reacts slowly, compromize
Matrix Organization - Correct Answer ✅An organization
that has a blend of functional and projected characteristics
Combines workers into temporary work teams to complete
specific projects.
Consumer Price Index - Correct Answer ✅an index of the
cost of all goods and services to a typical consumer
,Business Acumen WGU Exam Questions
and Answers (Latest Update 2024)
Demand - Correct Answer ✅Consumer willingness and
ability to buy products
Demand Curve - Correct Answer ✅A graph of the
relationship between the price of a good and the quantity
demanded
Economics - Correct Answer ✅The study and analysis of
how people seek to satisfy their needs and wants by making
choices
Equilibrium Price - Correct Answer ✅the price that
balances quantity supplied and quantity demanded
Expansionary Policy - Correct Answer ✅a fiscal policy used
to encourage economic growth, often through increased
spending or tax cuts
, Business Acumen WGU Exam Questions
and Answers (Latest Update 2024)
Macroeconomics - Correct Answer ✅the study of economy-
wide phenomena, including inflation, unemployment, and
economic growth
Microeconomics - Correct Answer ✅the study of how
households and firms make decisions and how they interact
in markets
Monetary Policy - Correct Answer ✅The management of
the money supply and interest rates
Monopolistic Competion - Correct Answer ✅large number
of sellers offer the similar, but slightly different products
Pure Competition - Correct Answer ✅A large number of
suppliers offer very similar products.
Production - Correct Answer ✅The process of creating
goods and services
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