WGU C201 Business Acumen Custom Glossary bundled exams 2023 with correct answers

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 What is the result of a company increasing the delegation of authority and the span of control? Increased number of dir...

balanced budget situation in which total revenues raised by taxes equal the total proposed spending for the year. budget organization's plan for how it will raise and spend money during a given period of time. taxes, fees, and borrowing. The primary sources of government funds to c...

Data Raw facts and figures that may or may not be relevant to a business decision. Information Knowledge gained from processing data. Information system Organized method for collecting, storing, and communicating past, present, and projected information on internal operations and ex...

accounting process of measuring, interpreting, and communicating financial information to enable people inside and outside the firm to make informed decisions accounting cycle set of activities involved in converting information and individual transactions into financial statements a...

Production The use of resources, such as workers and machinery, to convert materials into finished goods and services. Mass production A system for manufacturing products in large quantities through effective combination of employees with specialized skills, mechanization, and standardizati...

The achievement of organizational objectives through the use of people and other resources. The skills and principles of management apply in both profit and not-for-profit organizations. Management ______ has three levels: top, middle, and supervisory management. Top management sets the long...

computer-aided design (CAD) Designers can use computers to create and modify a part or product before producing an actual prototype using __________. mass production The industrial development of the United States involved the manufacture of large quantities of standardized goods using spec...

"In the United States, changes in price levels are tracked by the (_____), which measures the monthly average changes in prices of goods and services." consumer price index (CPI) The term used to describe the study of the overall operations of an economy and its various components is known...

Federal Open Markets Committee The (_____) sets most policies concerning monetary policy and interest rates. primary markets (_____) are markets in which securities are issued and traded. money market instruments "(_____) are short-term debt securities issued by governments, financ...