WGU C201 2023 EXAM QUESTIONS WITH CORRECT ANSWERS
Which policy is used to manage the economy using government spending and taxation? - CORRECT ANSWERS Fiscal
Which type of unemployment is the employee expecting to be unemployed for a portion of the year? - CORRECT ANSWER...
which policy is used to manage the economy using government spending and taxation
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WGU C201
WGU C201
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WGU C201 2023 EXAM QUESTIONS WITH CORRECT ANSWERS Which policy is used to manage the economy using government spending and taxation? - CORRECT ANSWERS Fiscal Which type of unemployment is the employee expecting to be unemployed for a portion of the year? - CORRECT ANSWERS Seasonal A specific economic situation when price and demand rise together. - CORRECT ANSWERS Inflation As a business, is it best to reduce spending or increase spending in a high -inflation environment? - CORRECT ANSW ERS Reduce As a business, which competition requires government regulation for entry? - CORRECT ANSWERS Monopoly Which type of competition is the easiest to enter? - CORRECT ANSWERS Pure What is the name of the graph that we use to demonstrate demand? - CORRECT ANSWERS Demand Curve What is the point where supply and demand curves intersect? - CORRECT ANSWERS Equilibrium Price Is the study of supply and demand a micro or macroeconomic issue? - CORRECT ANSWERS Micro When federal taxes are reduced, is that micro or macro? - CORRECT ANSWERS Macro When a tariff is increased on importing produce, is that micro or macro? - CORRECT ANSWERS Macro Name the three tiers of management? - CORRECT ANSWERS Middle, Supervisory, Top Management is the process of - CORRECT ANSWERS achieving organizational objectives Which level of planning does the middle level manager complete? - CORRECT ANSWERS Tactical All levels of management may have to contribute to the contingency plan. - CORRECT ANSWERS True WGU C201 2023 EXAM QUESTIONS WITH CORRECT ANSWERS Select the skill sets required for management - CORRECT ANSWERS Technical, Human, Conceptual Departmentalizing based by domestic and international is which kind of departmentalization? - CORRECT ANSWERS Geographical Pick two types of departmentalization. - CORRECT ANSWERS Functional, Process An organizational structure that is slow to make decisions because they look for consensus. - CORRECT ANSWERS Committee You may report vertically and horizontally in this organizational structure. - CORRECT ANSWERS Matrix There are three key elements to an organization. What are they? - CORRECT ANSWERS Human intera ction, Goal directed activities, Structure Which type of production carries the highest inventory? - CORRECT ANSWERS Mass Production Which type of production has little to no finished inventory? - CORRECT ANSWERS Customer driven production Which type of production requires the highest level of skilled workers? - CORRECT ANSWERS Mass Production Select two advantages to computer aided manufacturing. - CORRECT ANSWERS Accuracy, Speed What do we call a facility that can utilize computer -integrated manufacturing to produce a product from start to finish? - CORRECT ANSWERS Lights out facility The computer based planning system used by production managers to ensure parts and materials are on hand. - CORRECT ANSWERS MRP A process lay -out where all of the materials must be brought to the product being manufactured. - CORRECT ANSWERS Fixed position This type of process lay out is used when we have an assembly line. - CORRECT ANSWERS Product
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