WGU C201 Business Acumen Exam |
180+ Questions and Answers | Rated
and Graded A+ | Latest 2024
What are three ways that an effective brand name can influence
consumer product recognition? Choose 3 answers
- Correct Answer - It conveys an image, it depicts trademark
protection, it reflects brand equity.
A customer has purchased a product twice and intends to do so
again. Which stage of brand loyalty is this customer in?
- Correct Answer - Brand preference
Which manufacturer distribution model is enhanced by the
shipping and tracking capabilities of a global package delivery
service?
- Correct Answer - retail
Which three tasks are key responsibilities of operations
managers? Choose 3 answers
,- Correct Answer - Planning the overall production process,
implementing the production plan, determine the best layout for
the firm's facilities.
Which two characteristics does a Just-In-Time (JIT) System
have? Choose 2 answers
- Correct Answer - A JIT system seeks to eliminate anything that
does not add value in operations activities, production using JIT
reduces a firm's inventory costs.
Which aspect of operations management do the ISO 9000
Standards address?
- Correct Answer - Establishment of effective quality systems?
Which manufacturing model uses technology to produce small
runs of customized products cost effectively?
- Correct Answer - Flexible
Which two of the following distribution channels would take title of
the products they handle? Choose 2 answers
,- Correct Answer - Limited function merchant wholesaler, full
function merchant wholesaler
Which economic graph is used by organizations to regulate
production by predicting the amount of product buyers will
purchase at different prices?
- Correct Answer - Demand curve
Which two factors drive demand in a microeconomics system?
Choose 2 answers
- Correct Answer - Customer preference, price of substitute
goods
How does a sudden shortage of a commodity product affect the
immediate demand for the product at its current price?
- Correct Answer - There is no immediate effect on demand
Which two impacts result from a nation's increase in productivity?
Choose 2 answers
, - Correct Answer - Economy expands, Personal wealth
increases
For which two purposes will the U.S Federal Reserve System
follow an expansionary monetary policy? Choose 2 answers
- Correct Answer - To encourage bankers to make loans, to cut
the cost of borrowing
Which two economic impacts should a manager anticipate when
the U.S. government reduces the number of Treasury bills,
Treasury Notes, and Treasury bonds it sells? Choose 2 answers
- Correct Answer - An increase in overall cost of debt to private
borrowers, an increase of funds for public services
information systems for activities fall under which support system
- Correct Answer - operational support systems
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