WGU C201 BUSINESS ACUMEN OBJECTUVE ASSESSMENT. LATEST 2024/2025 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS.
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WGU C201 BUSINESS ACUMEN OBJECTUVE ASSESSMENT.
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WGU C201 BUSINESS ACUMEN OBJECTUVE ASSESSMENT.
WGU C201 BUSINESS ACUMEN OBJECTUVE ASSESSMENT. LATEST 2024/2025 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS.
3D Printing <<-Correct Answer: etching of plastic layers into different shapes by laying down successive layers of material to form a 3D solid object
a form of private equity owne...
WGU C201 BUSINESS ACUMEN OBJECTUVE ASSESSMENT. LATEST
2024/2025 ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS.
3D Printing <<-Correct Answer: etching of plastic layers into different shapes by laying down
successive layers of material to form a 3D solid object
a form of private equity owned by governments. <<-Correct Answer: A sovereign wealth fund is:
A group or committee often makes decisions
Purchasers often invite selected providers to bid on a purchase
Buyers face organizational influences that affect their own preferences <<-Correct Answer: In
which three ways does business-buying behavior differ from consumer-buying behavior?
a product has a relatively high price <<-Correct Answer: Personal selling works best when: A rise
of interest rates on these securities
An increase in overall cost of debt to private borrowers <<-Correct Answer: 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?
A transaction processing system <<-Correct Answer: 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?
Accessories to primary products
Consumable supplies <<-Correct Answer: With which two types of products does a marketing
strategy rely on advertising more than personal selling?
,Accounting <<-Correct Answer: process of measuring, interpreting, and communicating financial
information to enable people inside and outside the firm to make informed decisions
Accounting Cycle <<-Correct Answer: set of activities involved in converting information and
individual transactions into financial statements
Accounting Cycle <<-Correct Answer: The is a set of activities involved in converting information
and individual transactions into financial statements.
Accounting Cycle <<-Correct Answer: The procedure by which accountants convert data about
individual transactions to financial statements is called
Accounting Equation <<-Correct Answer: formula that states that assets must equal liabilities plus
owners' equity
Accurual accounting <<-Correct Answer: accounting method that records revenues and expenses
when they occur, not necessarily when cash actually changes hands
Achievement of company goals <<-Correct Answer: Which primary driver does management use
for an organization's structure?
activity <<-Correct Answer: Inventory turnover describes how efficiently a company is managing
its sales and purchases of inventory. This is an example of a(n) ratio.
Adding new users, finding new uses for the product, increasing frequency of use. <<-Correct
Answer: After years of marketing a body lotion, a cosmetics company begins promoting the lotion
as an insect repellent as well.In which three product life cycle extension strategies did this
company engage?
Administering securities laws and protecting investors <<-Correct Answer: What is the primary
responsibility of the Securities and Exchange Commission (SEC)?
Advertising <<-Correct Answer: paid nonpersonal communication, usually targeted at large
numbers of potential buyers
Affinity Program <<-Correct Answer: marketing effort sponsored by an organization that solicits
involvement by individuals who share common interests and activities
Affinity Programs <<-Correct Answer: Which marketing tool is often used to build effective
relationship marketing campaigns?
,analytic and synthetic <<-Correct Answer: What are the two main production systems
Analyzing major investment decisions <<-Correct Answer: What is one role of a financial
manager?
anticipate needs before those needs surface. <<-Correct Answer: The best marketers not only
give consumers what they want but also:
Application Service Provider (ASP) <<-Correct Answer: outside supplier that provides both the
computers and the application support for managing an information system
Asset <<-Correct Answer: Anything of value owned by a company
Assets = Liabilities + Owners' equity <<-Correct Answer: The basic accounting equation is
Autocratic leadership Correct Answer is centered on the boss.
Awareness, Loyalty and favorable images <<-Correct Answer: What are three qualities of strong
brand equity?
Balance Sheet <<-Correct Answer: Of the four financial statements, only the is considered to
be a permanent statement.
Balance Sheet <<-Correct Answer: Statement of a company's financial position- what it owns and
claims against its assets- at a particular point in time
Balanced Budget <<-Correct Answer: situation in which total revenues raised by taxes equal the
total proposed spending for the year
Benchmarking <<-Correct Answer: process of determining how well other companies perform
business functions or tasks
Big data <<-Correct Answer: information collected in massive amounts and at unprecedented
speed from both traditional and digital sources that is used in business decision making
Botnet <<-Correct Answer: A network of PCs that have been infected with one or more data-
stealing viruses
, Brand <<-Correct Answer: a name, term, symbol, design, or combination thereof that identifies a
seller's products and differentiates them from competitors' products
Brand equity <<-Correct Answer: added value that a respected and successful name gives to a
product
Brand Name <<-Correct Answer: part of the brand consisting of words or letters included in a
name used to identify and distinguish the firm's offerings from those of competitors
brand names. <<-Correct Answer: Coca-Cola, McDonald's, American Express, Google, and Nike
are examples of:
brand preference <<-Correct Answer: A customer intends to purchase her favorite cereal. It is out
of stock, so she purchases an alternative brand of cereal instead.Which stage of brand loyalty is
this customer in?
breakeven analysis <<-Correct Answer: pricing-related technique used to determine the
minimum sales volume a product must generate at a certain price level to cover all costs
Budget <<-Correct Answer: organization's plan for how it will raise and spend money during a
given period of time
budget deficit <<-Correct Answer: a situation in which the government spends more than it raises
through taxes
Budget Surplus <<-Correct Answer: excess funding that occurs when government spends less
than the amount of funds raised through taxes and fees
bundle of physical, service, and symbolic characteristics. <<-Correct Answer: A product is best
described as:
business (B2B) product <<-Correct Answer: good or service purchased to be used, either directly
or indirectly, in the production of other goods for resale
business <<-Correct Answer: Paycheck services and huge multifunction copying machines used in
operating an organization would be classified as what type of product?
Business Intelligence <<-Correct Answer: activities and technologies for gathering, storing, and
analyzing data to make better competitive decisions
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