C201 C 201 Final Exam Review

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

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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

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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

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