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WGU C201 BUSINESS ACUMEN FINAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | A+STUDYGUIDE
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WGU C201 BUSINESS ACUMEN FINAL EXAM QUESTIONS AND DETAILED CORRECT ANSWERS | A+STUDYGUIDE
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WGU C201 BUSINESS ACUMEN FINALEXAM 2024-2025 QUESTIONS AND
DETAILED CORRECT ANSWERS |
A+STUDYGUIDE
Which three factors suggest a product should be marketed
as a specialty product? Correct Answer Priced high
Purchased infrequently
Available from a small number of retail outlets
With which two types of products does a marketing
strategy rely on advertising more than personal selling?
Correct Answer Accessories to primary products
Consumable supplies
What are three qualities of strong brand equity? Correct
Answer Awareness
Loyalty
Favorable images
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? Correct
Answer Brand preference
,Which manufacturer distribution model is enhanced by the
shipping and tracking capabilities of a global package
delivery service? Correct Answer Direct
Which three tasks are key responsibilities of operations
managers? Correct Answer Planning the overall
production process
Determining the best layout for the firm's facilities
Implementing the production plan
Which two characteristics does a Just-In-Time (JIT)
System have? Correct Answer Production using JIT
reduces a firm's inventory costs.
A JIT system seeks to eliminate anything that does not
add value in operations activities.
Which aspect of operations management do the ISO 9000
standards address? Correct Answer Establishment of
effective quality systems
Which manufacturing model uses technology to produce
small runs of customized products cost effectively?
Correct Answer Flexible
Which two of the following distribution channels would
take title of the products they handle? Correct Answer
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? Correct Answer
Demand curve
Which two factors drive demand in a microeconomic
system? Correct Answer Price of substitute goods
Customer preference
How does a sudden shortage of a commodity product
affect the immediate demand for the product at its current
price? Correct Answer Demand increases
Which two impacts result from a nation's increase in
productivity? Correct Answer Economy expands
Personal wealth increases
For which two purposes will the U.S. Federal Reserve
System follow an expansionary monetary policy? Correct
Answer 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? Correct Answer A rise of interest rates on these
securities
An increase in overall cost of debt to private borrowers
What is one role of a financial manager? Correct Answer
Analyzing major investment decisions
, Which two activities are finance activities rather than
accounting activities? Correct Answer Making capital
market investments
Creating a financial plan
Which three sources should a business consider when
seeking a long-term funding source? Correct Answer
Venture capital
Public sale of stocks
Hedge funds
In which type of security should a business invest its
excess cash in anticipation of paying off the current year's
tax liability? Correct Answer Commercial paper
Which role does the underwriter play in financing business
operations when using the capital market to sell securities
to the public? Correct Answer It assumes the risk of the
assessed value of the security from the issuer.
Why should a manager use financial controls in a firm's
financial plan? Correct Answer 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? Correct
Answer Sales forecast plus non-sales revenue
How did the Dodd-Frank Wall Street Reform and
Consumer Protection Act impact retailers? Correct Answer
It capped the debit card swipe fee at 21 cents.
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