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Business Acumen WGU exam(162 questions fully solved & updated)
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Business Acumen WGU exam(162 questions fully solved & updated)
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BusinessAcumen WGU
exam(162
questions fully
solved &
updated)
Management - answer the process of dealing with
or controlling things or people.
Middle Management - answer Managers who
supervise lower-level managers and report to a
higher-level manager.
Managers who design and carry out tactical plans
in specific areas of the company.
,Top Manager - answer an upper-level executive
who guides and controls the overall fortunes of an
organization
Supervisory Management - answer The action of
overseeing and managing employees in the
workplace.
Strategic Planning - answer Identifying an
organization's long-term goals & determining best
approach to achieving those goals
Departmentalization - answer the dividing of
organizational functions into separate units
Line Organization - answer A chain of command
system that establishes a clear line of authority
flowing from the top down
Line and Staff Organization - answer An
organizational structure that includes both line and
staff positions. Line do the work and Staff Support
the Line
Committee Organization - answer Committee runs
the organization, reacts slowly, compromize
, Matrix Organization - answer An organization that
has a blend of functional and projected
characteristics
Combines workers into temporary work teams to
complete specific projects.
Consumer Price Index - answer an index of the cost
of all goods and services to a typical consumer
Demand - answer Consumer willingness and ability
to buy products
Demand Curve - answer A graph of the relationship
between the price of a good and the quantity
demanded
Economics - answer The study and analysis of how
people seek to satisfy their needs and wants by
making choices
Equilibrium Price - answer the price that balances
quantity supplied and quantity demanded
Expansionary Policy - answer a fiscal policy used to
encourage economic growth, often through
increased spending or tax cuts
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