Popular courses 'WGU C201' at WGU C201
WGU C201 Study guides, Class notes & Summaries
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![WGU C201 Business Acumen (Western Governors University MSML Class Vocab & Complete Study Guide For UWC2)](/docpics/3343876/64f07f2b80a51_3343876_121_171.jpeg)
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WGU C201 Business Acumen (Western Governors University MSML Class Vocab & Complete Study Guide For UWC2)
- Exam (elaborations) • 84 pages • 2023
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WGU C201 Business Acumen (Western Governors University MSML Class Vocab & Complete Study Guide For UWC2)
![WGU C201 Study Set exam Questions with 100% Correct Answers | Verified | Latest Update](/docpics/3931322/6567d576ca96f_3931322_121_171.jpeg)
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WGU C201 Study Set exam Questions with 100% Correct Answers | Verified | Latest Update
- Exam (elaborations) • 13 pages • 2023 Popular
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WGU C201 Study Set exam Questions with 100% Correct Answers | Verified | Latest Update
WGU C201 BUSINESS ACUMEN questions & Answers 2024 ( A+ GRADED 100% VERIFIED)
![WGU C201 Business Acumen Objective Assessment questions & Answers 2024 ( A+ GRADED 100% VERIFIED)](/docpics/5356384/66496958ad3f8_5356384_121_171.jpeg)
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WGU C201 Business Acumen Objective Assessment questions & Answers 2024 ( A+ GRADED 100% VERIFIED)
- Exam (elaborations) • 32 pages • 2024
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WGU C201 Business Acumen Objective Assessment questions & Answers 2024 ( A+ GRADED 100% VERIFIED)
![WGU C201 Business Acumen Chapter 10 Operations and Quality Management Pre Exam With Verified Solutions 2024.](/docpics/5292359/6642b58ccc8c7_5292359_121_171.jpeg)
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WGU C201 Business Acumen Chapter 10 Operations and Quality Management Pre Exam With Verified Solutions 2024.
- Exam (elaborations) • 8 pages • 2024
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Production - Answer Begins with inputs + add value = produce a good or service. 
Operations Management - relates to this process. 
 
Why is production such an important business activity? - Answer Without products to sell, companies cannot generate money. 
Goal: lower the cost of production, boost the quality of goods and services, respond dependably to customers, and continuously improve. 
 
In what ways does production create value for the company and its customers? - Answer Can lower ...
![WGU C201 Business Acumen Chapter 11, 12, 13 Marketing Exam And Answers Rated A+ 2024.](/docpics/5292351/6642b54d02246_5292351_121_171.jpeg)
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WGU C201 Business Acumen Chapter 11, 12, 13 Marketing Exam And Answers Rated A+ 2024.
- Exam (elaborations) • 17 pages • 2024
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Marketing - Answer The process for discovering unmet customer needs, researching potential markets, producing goods or services to satisfy targeted customers, promoting, pricing, and distributing. 
The organizational function and set of processes for creating, communicating and delivering value to customers, managing customer relations, advocates ideas or viewpoints and educating others. 
 
How does marketing create utility? - Answer Creates time, place, and ownership utility. 
Utility: abi...
![WGU C201 Business Acumen Chapter 15 & 16 Accounting and Financial Statements Questions And Answers 2024.](/docpics/5292347/6642b50a36faa_5292347_121_171.jpeg)
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WGU C201 Business Acumen Chapter 15 & 16 Accounting and Financial Statements Questions And Answers 2024.
- Exam (elaborations) • 2 pages • 2024
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Current assets / current liabilities - Answer Current Ratio 
 
Current assets - minus inventory / current liabilities - Answer Acid Test (Quick) Ratio 
Current assets $250 
Inventory $20 
Current Liabilities $100 
250-20=230 
230/100=2.2 
$2.20 assets for every $1 in liabilities 
 
Acid Test (Quick) Ratio and Current Ratio - Answer Liquidity Ratios 
 
Inventory Turnover, Receivables Turnover, and Total Asset Turnover - Answer Activity Ratios 
 
Cost of goods sold / average inventory - A...
![WGU C201 Prep Exam Questions And Actual Answers 2024.](/docpics/5292338/6642b4d9e75e0_5292338_121_171.jpeg)
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WGU C201 Prep Exam Questions And Actual Answers 2024.
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Accounting - Answer Process of measuring, interpreting, and communicating financial information to enable people inside and outside the firm to make informed decisions. 
 
Accounting Cycle - Answer Set of activities involved in converting information and individual transactions into financial statements. 
 
Accounting Equation/Accounting Identity - Answer Formula that states Assets must equal Liabilities plus Owners' Equity. 
 
Assets - Answer Liabilities + Owners' Equity 
 
Accrual Ac...
![WGU C201 Study Guide Exam With Solved Solutions 2024.](/docpics/5292327/6642b4a446f64_5292327_121_171.jpeg)
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WGU C201 Study Guide Exam With Solved Solutions 2024.
- Exam (elaborations) • 16 pages • 2024
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Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - Answer Evaluating results 
 
What is the result of a company increasing the delegation of authority and the span of control? - Answer Increased decision-making authority given to employees 
 
Which two key elements does an effective organization include? - Answer Human interaction 
Structure 
 
Why does a line organizational structure fu...
![WGU C201 Business Acumen Post Exam With All Correct Answers 2024.](/docpics/5292318/6642b4610a80f_5292318_121_171.jpeg)
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WGU C201 Business Acumen Post Exam With All Correct Answers 2024.
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Human Interaction & Structure - Answer Which two key elements does an effective organization include? 
 
It establishes a direct flow of authority - Answer Why does a line organization structure function most effectively in a crisis situation? 
 
Departmentalization - Answer A company might divide itself into smaller groups that best match the types of customers it serves. What is this an example of? 
 
Achievement of company goals - Answer Which primary driver does management use for an...
![WGU C201 Study Set Actual Exam Latest Update 2024-2025 170 Questions and 100% Verified Correct Answers Guaranteed A+](/docpics/5277177/6640f1efccd27_5277177_121_171.jpeg)
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WGU C201 Study Set Actual Exam Latest Update 2024-2025 170 Questions and 100% Verified Correct Answers Guaranteed A+
- Exam (elaborations) • 13 pages • 2024
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WGU C201 Study Set Actual Exam Latest Update Questions and 100% Verified Correct Answers Guaranteed A+
WGU C201 EXAM-with 100% verified solutions -tutor verified