WGU C201 (C201)

WGU C201 Chapter 10, Exam Questions and answers, 100% Accurate, VERIFIED 2024

Directing - -(_____) is the management function of guiding and motivating employees to accomplish the organization's objectives. Vision - -(_____) is the perception of marketplace needs and methods by which an organization can satisfy them. Management - -(_____) is the achievement of organizational objectives through people and other resources. Mission statement - -The written statement of an organization's overall intentions and aims is called a (_____). Organizing - -The blending of ...

WGU C201 BUSINESS ACUMEN EXAM QUESTIONS AND CORRECT ANSWERS 2023. 1. Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? a. Evaluating results 2. What is the result of a company increasing the delegation of authority and the span of control? a. Increased number of direct reports per manager 3. Which 2 key elements does an effective organization include? a. Human interaction, structure 4...

WGU C201 BUSINESS ACUMEN STUDY VOCABULARY COMPLETE EXAM GUIDE GRADED A+ 2023. accounting equation and the acid test equation. Decision making & Org reporting structure, Brand recognition, Life Cycle, Departmentalization,Marketing Pull/Push, Monetary Policy, Production, Investments Accounting Balance Sheet shows financial position over particular (specific) time period, total assets must equal total liabilities Accounting business activities (3) financing, investing, operating Accounting...

WGU C201 BUSINESS ACUMEN TASK 1 QUESTIONS AND COMPLETE ANSWERS GRADED A+ 2023. Chapter 3: Economic Challenges Facing Businesses Today-  Economics, which analyzes the production, distribution, and consumption of goods and services, or the choices people and governments make in allocating scarce resources, affects each of us  Economists refer to the study of the behavior of small economic units, such as individuals, families, and businesses, in making decisions regarding the allocatio...

1. Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization?: Evaluating results 2. What is the result of a company increasing the delegation of authority and the span of control?: Increased decision-making authority given to employees 3. Which two key elements does an effective organization include?: Human interaction Structure 4. Why does a line organizational structure function most effectiv...

Which two key elements does an effective organization include? correct answer: Human Interaction & Structure Why does a line organization structure function most effectively in a crisis situation? correct answer: It establishes a direct flow of authority A company might divide itself into smaller groups that best match the types of customers it serves. What is this an example of? correct answer: Departmentalization Which primary driver does management use for an organization's struc...

Which policy is used to manage the economy using government spending and taxation? correct answer: Fiscal Which type of unemployment is the employee expecting to be unemployed for a portion of the year? correct answer: Seasonal A specific economic situation when price and demand rise together. correct answer: Inflation As a business, is it best to reduce spending or increase spending in a high-inflation environment? correct answer: Reduce As a business, which competition requires...

balanced budget correct answer: situation in which total revenues raised by taxes equal the total proposed spending for the year. budget correct answer: organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. correct answer: The primary sources of government funds to cover the costs of the annual budget are budget deficit correct answer: situation in which the government spends more than the amount of money it raises thro...

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? correct answer: Evaluating results What is the result of a company increasing the delegation of authority and the span of control? correct answer: Increased number of direct reports per manager Which two key elements does an effective organization include? correct answer: Human interaction, structure Why does a line organizational st...