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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ $22.99
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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

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  • May 26, 2024
  • 31
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

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  • WGU C201
  • WGU C201

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WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2
LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL
EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT
DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED
A+

•



1. Question: What is the primary goal of financial management within a firm?

• A) Minimizing expenses
• B) Maximizing shareholder wealth
• C) Maintaining accurate financial records
• D) Ensuring regulatory compliance
• Answer: B) Maximizing shareholder wealth

2. Question: Which of the following is a key characteristic of a perfectly competitive
market?

• A) Single seller
• B) Barriers to entry
• C) Many buyers and sellers
• D) Differentiated products
• Answer: C) Many buyers and sellers

3. Question: What is the primary function of the marketing department in an
organization?

• A) Managing financial records
• B) Overseeing human resources
• C) Promoting and selling products or services
• D) Ensuring regulatory compliance
• Answer: C) Promoting and selling products or services

,4. Question: In SWOT analysis, what does the 'T' stand for?

• A) Trends
• B) Threats
• C) Tactics
• D) Targets
• Answer: B) Threats

5. Question: What is a characteristic of a decentralized organization?

• A) Centralized decision-making
• B) Uniformity in operations
• C) Empowerment of lower-level managers
• D) Top-down communication
• Answer: C) Empowerment of lower-level managers

6. Question: What financial statement shows a company's financial position at a
specific point in time?

• A) Income statement
• B) Statement of cash flows
• C) Balance sheet
• D) Retained earnings statement
• Answer: C) Balance sheet

7. Question: Which of the following is an example of a fixed cost?

• A) Raw materials
• B) Sales commissions
• C) Direct labor
• D) Rent
• Answer: D) Rent

8. Question: What is the primary focus of operations management?

• A) Financial planning
• B) Product innovation

, • C) Efficient production and delivery of goods and services
• D) Marketing strategies
• Answer: C) Efficient production and delivery of goods and services

9. Question: What is market segmentation?

• A) Dividing a market into distinct groups of buyers with different needs or
behaviors
• B) Creating a new product for a new market
• C) Setting a product’s price based on market demand
• D) Developing a comprehensive marketing strategy
• Answer: A) Dividing a market into distinct groups of buyers with different
needs or behaviors

10. Question: Which financial ratio measures a company's profitability relative to its
total assets?

• A) Current ratio
• B) Return on assets (ROA)
• C) Debt-to-equity ratio
• D) Gross margin
• Answer: B) Return on assets (ROA)

11. Question: What is the primary purpose of a business plan?

• A) To outline the company's financial records
• B) To provide a roadmap for the business's future operations and goals
• C) To describe the legal structure of the business
• D) To list the company's employees
• Answer: B) To provide a roadmap for the business's future operations and
goals

12. Question: Which of the following is a disadvantage of a sole proprietorship?

• A) Limited liability
• B) Ease of formation
• C) Full control by the owner
• D) Unlimited personal liability

, • Answer: D) Unlimited personal liability

13. Question: What is a primary advantage of forming a corporation?

• A) Simplified tax preparation
• B) Limited liability for shareholders
• C) Less regulatory oversight
• D) Ease of formation
• Answer: B) Limited liability for shareholders

14. Question: What is the focus of managerial accounting?

• A) Preparing financial statements for external users
• B) Recording historical financial data
• C) Providing information for internal decision making
• D) Ensuring compliance with tax laws
• Answer: C) Providing information for internal decision making

15. Question: Which of the following is an external factor in a PEST analysis?

• A) Employee skills
• B) Company culture
• C) Economic conditions
• D) Internal processes
• Answer: C) Economic conditions

16. Question: What does the term 'liquidity' refer to in finance?

• A) A company's profitability
• B) The ability to meet short-term obligations
• C) Long-term growth potential
• D) Investment returns
• Answer: B) The ability to meet short-term obligations

17. Question: What is the primary role of human resource management?

• A) Financial planning

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