Business Acumen C201 WGU BEST
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QUESTIONS AND ANSWERS LATEST
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which type of unemployment is a result of not having necessary skills for a job -
ANSWER structural
a specific economic situation when price and demand rise together - ANSWER inflation
as a business is it best to reduce spending or increase spending in a high-inflation
environment - ANSWER reduce
as a business which environment is best to make captial improvments - ANSWER low-
inflation
which type of competition requires government regulation for entry - ANSWER
monopoly
which type of competition is the easiest to enter - ANSWER pure
what is the name of the graph that we use to demonstrate demand –
ANSWER demand curve
what is the point where supply and demand curves intersect –
ANSWER equilibrium price
is the study of supply and demand a micro or macro economic issue
- ANSWER micro
when federal taxes are reduced is that micro or macro –
ANSWER macro
when a tariff is increased on importing produce, is that micro or macro
- ANSWER macro-economics
name the three tiers of management - ANSWER middle, supervisory, top
management is the process of
- ANSWER achieving organizational objects
, which level of planning does the middle manager complete - ANSWER tactical
what levels of management contribute to the contingency plan
- ANSWER all levels
skill required for managers - ANSWER technical, human, conceptual
Departmentalizing based by domestic and international is which kind of
departmentalization?
- ANSWER geopgraphical
Pick two types of departmentalization. - ANSWER functional, process
An organizational structure that is slow to make decisions because they look for
consensus
. - ANSWER committee
You may report vertically and horizontally in this organizational structure, - ANSWER
matrix
what group likes structure
- ANSWER millenials
What is the earliest year a Millennial would have been born? - ANSWER 1980
There are three key elements to an organization. What are they
- ANSWER Human interaction, Goal-directed activities, structure
Who uses the sales forecast indicates where necessary funds will come. - ANSWER
CFO
what revenue is not considered by the CFO for origin of necessary funds for the
planning period.
- ANSWER non-sales
The amount of assets a firm will need to support the forecast for a planning period. -
ANSWER asset intensity
A firm pays taxes on profits that are repatriated as part of global operations. (yes or no)
- ANSWER yes
An accounting method that helps a firm reduce the disparity in exchange rate. -
ANSWER balance sheet hedge
Select a reason dept capital is cheaper than equity capital.
- ANSWER Creditors will accept a lower rate of return than investors
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