C201 / C 201 Final Exam Review (Latest Update 2025 / 2026) Business Acumen | Questions with Verified Answers | Grade A | 100% Correct - WGU
Question:
After years of marketing a body lotion, a cosmetics company begins promoting the lotion as an insect repellent as well.In which three product life cycle extension strategies did this company engage?
Answer:
adding new users, increasing frequency of use and finding new uses for the product
Question:
Which manufacturer distribution model is enhanced by the shipping and tracking capabilities of a global package delivery service?
Answer:
direct 1 / 4
Question:
Which three tasks are key responsibilities of operations managers?
Answer:
Planning the overall production process Implementing the production plan Determining the best layout for the firm's facilities
Question:
Which manufacturing model uses technology to produce small runs of customized products cost effectively?
Answer:
flexible
Question:
Which two of the following distribution channels would take title of the products they handle?
Answer:
Limited-function merchant wholesaler Full-function merchant wholesaler
- / 4
Question:
Which three sources should a business consider when seeking a long-term funding source?
Answer:
venture capital, public sale of stocks and hedge funds
Question:
In which type of security should a business invest its excess cash in anticipation of paying off the current year's tax liability?
Answer:
commercial paper
Question:
Which role does the underwriter play in financing business operations when using the capital market to sell securities to the public?
Answer:
It assumes the risk of the assessed value of the security from the issuer
- / 4
Question:
Why should a manager use financial controls in a firm's financial plan?
Answer:
To determine the accuracy of forecasted revenues, costs, and expenses
Question:
What should a firm do to manage the risk of using leverage when exploring long-term funding options?
Answer:
Ensure that earnings remain larger than interest payments
Question:
Which financial statement should an investor examine to identify the liabilities of a firm?
Answer:
The balance sheet
- / 4