WGU C201 BUSINESS ACUMEN
OBJECTIVE ASSESSMENT | Questions
and Answers Graded A+ | Latest 2024
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?
- Correct Answer - Leverage
Which calculation determines a firm's return on equity?
- Correct Answer - Net income divided by average equity
Why should companies that are conservative investors with liquidity
concerns invest their excess cash in money market funds?
- Correct Answer - It converts easily into cash.
Which regulatory relationship within the Securities and Exchange
Commission (SEC) historically has acted to prohibit the U.S. from adopting
the International Financial Reporting Standards (IFRS)?
- Correct Answer - 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?
- Correct Answer - Owners and creditors
,What is considered the heart of any information system?
- Correct Answer - 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?
- Correct Answer - A transaction processing system
How does a virtual private network contribute to a firm's workforce
productivity?
- Correct Answer - Employees are enabled to work remotely with secure
connectivity to the corporate network via the internet.
What are three ways cloud computing services enhance company
productivity?
- Correct Answer - Through more efficient application updates
Through better resource utilization
Through greater application availability for remote workers
For which type of communication should employees have an ethical
expectation of privacy from company monitoring?
- Correct Answer - Personal letters sent through the company mail room
Which activity raises ethical issues heightened by the capabilities of data
mining?
- Correct Answer - Selling customer data for external marketing research
,Which intent of spyware creates a company security issue?
- Correct Answer - The intent to report on a user's Internet activity
True or False: Macroeconomics is the study of small economic units such
as households and individual businesses.
- Correct Answer - False
Which of the following is true of supply and demand curves?
- Correct Answer - Movement along the supply curve is the opposite of
movement along the demand curve.
In which of the following market structures are there a large numbers of
buyers and sellers, each of whom has some significant control over price?
- Correct Answer - Monopolistic competition
A few industries in the United States, like transportation, energy, and
communications, were deregulated in the 1980s and 1990s to
- Correct Answer - 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:
- Correct Answer - decreased.
Core inflation rate is the inflation rate of an economy after
______and______ prices are removed.
- Correct Answer - energy; food
, _____ is formulated by the Federal Reserve System
- Correct Answer - Monetary policy
A(n) _____ reduces the money supply to curb rising prices, overexpansion,
and concerns about overly rapid economic growth.
- Correct Answer - restrictive monetary policy
What are the 4 stages of the business cycle?
- Correct Answer - prosperity, recession, depression, recovery
Total productivity = ________/_____________
- Correct Answer - output divided by input
What are the 4 types of unemployment?
- Correct Answer - frictional, seasonal, structural, cyclical
The study of the choices people and governments make when allocating
scarce resources.
- Correct Answer - Economics
situation in which total revenues raised by taxes equal the total proposed
spending for the year
- Correct Answer - Balanced Budget
organization's plan for how it will raise and spend money during a given
period of time
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