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WGU C201 BUSINESS ACUMEN (ACTUAL EXAM) WITH 300+ QUESTIONS WITH VERY ELABORATED ANSWERS CORRECTRY WELL ORGANIZED LATEST 2024 – 2025 ALREADY GRADED A+ $12.99
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WGU C201 BUSINESS ACUMEN (ACTUAL
EXAM) WITH 300+ QUESTIONS WITH VERY
ELABORATED ANSWERS CORRECTRY WELL
ORGANIZED LATEST 2024 – 2025 ALREADY
GRADED A+
What is the structure of the finance function at a typical company?
The financial plan addresses three questions: What funds will be required during
the planning period? When will funds be needed? Where will the necessary funds
be obtained?
What three questions does a financial plan address?
The first step is to forecast sales over a future period of time. Second, the
financial manager must estimate the expected level of profits over the planning
period. The final step is to determine the additional assets needed to support
additional sales.
Explain the steps involved in preparing a financial plan.
Cash earns no rate of return, which is why excess cash should be invested in
marketable securities. These are low-risk securities that have short maturities and
,can be sold easily in the secondary markets. As a result, they are easily converted
back into cash, when needed.
What are some measures that economists use to determine the health of an
economy?
The four stages are prosperity, recession, depression, and recovery. Prosperity is
characterized by low unemployment and strong consumer confidence. Recession
may include consumers postponing major purchases, layoffs, and decreased
household savings. A depression occurs when an economic slowdown continues
in a downward spiral over a long period of time. In recovery, consumer spending
increases and business activity accelerates.
Describe the four stages of the business cycle.
A change in the cost or availability of any of the inputs considered to be factors of
production can shift the entire supply curve, either increasing or decreasing the
amount available at every price.
How do factors of production influence the overall supply of goods and services?
A demand curve is a graph of the amount of a product that buyers will purchase
at different prices. A supply curve shows the relationship between different prices
and the quantities that sellers will offer for sale, regardless of demand.
budget deficit
situation in which the government spends more than the amount of money it
raises through taxes.
,budget surplus
excess funding that occurs when government spends less than the amount of
funds raised through taxes and fees.
capitalism
economic system that rewards companies for their ability to perceive and serve
the needs and demands of consumers; also called the private enterprise system.
- Pure Competition
- Monopolistic Competition
- Oligopoly
- Monopoly
Types of Competition
communism
economic system in which all property would be shared equally by the people of a
community under the direction of a strong central government.
Consumer Price Index (CPI)
measurement of the monthly average change in prices of goods and services.
core inflation rate
inflation rate of an economy after energy and food prices are removed.
, cyclical unemployment
people who are out of work because of a cyclical contraction in the economy.
deflation
opposite of inflation, occurs when prices continue to fall.
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 cover the costs of the annual budget
are
demand
willingness and ability of buyers to purchase goods and services.
demand curve
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