(WGU D361) BUS 2111 - Business Simulation - Final Assessment Guide (WGU D361) BUS 2111 - Business Simulation - Final Assessment Guide (WGU D361) BUS 2111 - Business Simulation - Final Assessment Guide
,1. Multiple Choice: In a business simulation, which financial
statement reflects the company's operational efficiency?
a) Balance Sheet
b) Income Statement
c) Cash Flow Statement
d) Statement of Retained Earnings
Correct Answer: b) Income Statement
Rationale: The income statement provides detailed information
about a company's revenues, expenses, and profitability, which are
key indicators of operational efficiency.
2. Fill-in-the-Blank: The __________ ratio is used to assess a
company's ability to meet its short-term obligations with its most
liquid assets.
Correct Answer: Current
Rationale: The current ratio is a liquidity ratio that measures a
company's ability to pay off its short-term liabilities with its current
assets.
, Rationale: While market share is important for a company's
growth, net profit margin is crucial for its sustainability and long-
term success as it indicates the actual profitability.
4. Multiple Response: Which of the following are typically
included in a SWOT analysis of a business simulation?
a) Strengths
b) Weaknesses
c) Opportunities
d) Threats
e) Objectives
Correct Answers: a) Strengths, b) Weaknesses, c)
Opportunities, d) Threats
Rationale: SWOT analysis is a strategic planning technique used
to identify and analyze the Strengths, Weaknesses, Opportunities,
and Threats associated with a business venture.
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