Wgu c201 all in one - Study guides, Class notes & Summaries

WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2/VERIFIED VERSION (A,B)EXAM QUESTIONS AND CORRECT HIGHLIGHTED ANSWERS ALL GRADED A+/LATEST UPDATE 2024/2025/SUCCESS GUARANTEED!!!! Which two key elements does an effective organization include? - ANSWER-Human Interaction & Structure Why does a line organization structure function most effectively in a crisis situation? - ANSWER-It establishes a direct flow of authority A company might divide itself into smaller groups that b...

WGU C201 BUSINESS ACUMEN CHAPTERS 3 & 7: ECONOMICS AND ORGANIZATIONAL STRUCTURE Q&A Latest Summary 2023 Factors Influencing Demand *** Demand is driven by price, consumer preferences, the economy, the number of buyers in a market, customer incomes, price of substitutes and complimentary items. Factors of Production *** Natural resources, capital, human resources and entrepreneurship. What is the key factor influencing demand? *** Price Demand Curve *** A graph of the amount of a prod...

WGU C201 Chapter 3 Exam Questions With Complete Solutions "(_____) is the government's attempt at reducing the money supply to curb rising prices, overexpansion, and rapid economic growth." - Answer-restrictive monetary policy ."40. When a government takes in more money than it spends, it is said to have a (_____)." - Answer-budget surplus ."A (_____) occurs when government grants exclusive rights in a single market to a single firm, such as a utility company." - Answer-regulated...

WGU C201 Chapter 10 Vocab Already Passed computer-aided design (CAD) Designers can use computers to create and modify a part or product before producing an actual prototype using __________. mass production The industrial development of the United States involved the manufacture of large quantities of standardized goods using specialized labor and mechanization in an approach known as _____________. computer-integrated manufacturing (CIM) The use of computers to design products, control machin...

WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONNEWEST ACTUAL EXAM TEST BANK COMPLETE 400 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ /BRAND NEW!!! Which of a company's characteristics does a SWOT analysis compare? - Answer-Strength, Weaknesses, Opportunities and Threats Compared to its competitors. How do managers use objectives? - AnswerObjectives set guideposts by which managers define the organizations d...

WGU C201 BUSINESS ACUMEN Exam Questions With Detailed 100% Correct Answers Compare the kinds of plans made by top managers and middle managers. - Answer-Top managers focus on long-range, strategic plans. In contrast, middle-level managers focus on short term tactical planning. .Define Brand Equity. - Answer-Added value that a respected and successful name gives a product. .Define Brand Equity. - Answer-Brand Equity is the added Value that a respected and Successful name gives to a produ...

WGU C201 BUSINESS ACUMEN OBJECTIVE ASSESSMENT 2 LATEST VERSIONS (VERSION A AND B) NEWEST 2024 ACTUAL EXAM TEST BANK COMPLETE 400 WITH QUESTIONS AND ANSWERS What is Management? - Correct Answer>Management is the process of achieving Organizational objectives through people and other resources. The Manager's job is to combine Human and Technical resources in the best way possible to achieve the company's goals. How do the jobs of top managers, middle managers, and supervisory managers di...