C201 Business Acumen Exam Questions and Answers (Latest 2024), Exams of Nursing

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and Answers (Latest 2024)

Which part of the organizing process aids in effective and efficient progress toward planned goals and often results in changes within the organization? - Correct Answer ✅Evaluating results What is the result of a company increasing the delegation of authority and the span of control? - Correct Answer ✅Increased number of direct reports per manager Which two key elements does an effective organization include? - Correct Answer ✅Human interaction, structure Why does a line organizational structure function most effectively in a crisis situation? - Correct Answer ✅It established a direct flow of authority Number the seven steps in the recruiting and interviewing process from first to last. - Correct Answer ✅1) Define job requirements, 2) Contact and visit colleges for applicants/interns, 3) Conduct employment tests, 4) Review resumes, 5) Conduct candidate interviews, 6) Follow up interviews, 7) Hiring determination

and Answers (Latest 2024)

Which primary driver does management use for an organization's structure? - Correct Answer ✅Achievement of company goals Which step in the organizing process results in management group work activities into units within the organization? - Correct Answer ✅Departmentalization A high tech startup company is launching a marketing campaign for its new social media portal by highlighting how the portal exceeds the connectivity and collaboration capabilities of all other social media sits. Which type of competitive advantage is this company leveraging? - Correct Answer ✅Customer loyalty Which marketing strategy is devoted to maintaining continuous bottom line prices than relying on short term price cutting tactics such as cents off coupons, rebates, and special sales? - Correct Answer ✅Everyday low pricing

and Answers (Latest 2024)

In which three ways does business-buying behavior differ from consumer-buying behavior? Choose 3 answers - Correct Answer ✅Buyers face organizational influences in addition to their own preferences, purchasers often invite selected providers to bid on a purchase, a group or committee often makes decisions Which three conditions, in a global selling environment, should a small company leverage to create a competitive advantage? Choose 3 answers - Correct Answer ✅cultural homogeneity, mobility of labor, local labor costs With which two types of products does a marketing strategy rely on advertising more than personal selling? Choose 2 answers. - Correct Answer ✅Consumable supplies, accessories to primary products After years of marketing a body lotion, a cosmetics company begins promoting the lotion as an the lotion as an insect repellent as well. In which three product life cycle extension strategies did this company engage? Choose 3 answers -

and Answers (Latest 2024)

Correct Answer ✅Adding new users, finding new uses for the product, increasing frequency of use. What are three ways that an effective brand name can influence consumer product recognition? Choose 3 answers - Correct Answer ✅It conveys an image, it depicts trademark protection, it reflects brand equity. A customer has purchased a product twice and intends to do so again. Which stage of brand loyalty is this customer in? - Correct Answer ✅Brand preference Which manufacturer distribution model is enhanced by the shipping and tracking capabilities of a global package delivery service? - Correct Answer ✅retail Which three tasks are key responsibilities of operations managers? Choose 3 answers - Correct Answer ✅Planning the overall production process, implementing the production plan, determine the best layout for the firm's facilities.

and Answers (Latest 2024)

purchase at different prices? - Correct Answer ✅Demand curve Which two factors drive demand in a microeconomics system? Choose 2 answers - Correct Answer ✅Customer preference, price of substitute goods How does a sudden shortage of a commodity product affect the immediate demand for the product at its current price? - Correct Answer ✅There is no immediate effect on demand Which two impacts result from a nation's increase in productivity? Choose 2 answers - Correct Answer ✅Economy expands, Personal wealth increases For which two purposes will the U.S Federal Reserve System follow an expansionary monetary policy? Choose 2 answers - Correct Answer ✅To encourage bankers to make loans, to cut the cost of borrowing

and Answers (Latest 2024)

Which two economic impacts should a manager anticipate when the U.S. government reduces the number of Treasury bills, Treasury Notes, and Treasury bonds it sells? Choose 2 answers - Correct Answer ✅An increase in overall cost of debt to private borrowers, an increase of funds for public services What is one role of a financial manage? - Correct Answer ✅Analyzing major investment decisoins Which two activities are finance activities rather than accounting activities? Choose 2 answers - Correct Answer ✅Making capital market investments, creating a financial plan Which three sources should a business consider when seeking a long-term source? Choose 3 answers - Correct Answer ✅Hedge funds, Venture capital, public sale of stocks In which type of security should a business invest its excess cash in anticipation of paying off the current year's tax liability? - Correct Answer ✅Commercial paper

and Answers (Latest 2024)

a co-worker told the employee the company's new drug is failing in clinical trial, buying stock in the public company for which the employee works based on a conversation the employee overheard at a cocktail party between two of the company's executives. Which two risks does a firm face by funding the purchase of long-term assets with short-term funding sources? Choose 2 ansers - Correct Answer ✅Volatility of interest rates, frequent renewals Which funding source should a firm use if it wishes to secure long-term financing while retaining all of its equity? - Correct Answer ✅private equity fund Which three characteristics make commercial paper a low- risk, attractive source of short-term funding for a business? - Correct Answer ✅It has a maturity that ranges between 1 and 270 days, it carries interest rates that are 1 to 2 percent less than bank loans, it can make large amounts of money available

and Answers (Latest 2024)

What should a firm do to manage the risk of using leverage when exploring long-term funding options? - Correct Answer ✅Ensure that earnings remain larger than interests payments Which financial statement should an investor examine to identify the liabilities of a firm? - Correct Answer ✅The balance sheet A company wishes to determine if it should fund a project with bonds or equity. Which business concept would it most likely use to assist in the decision? - Correct Answer ✅leverage Which calculation determines a firm's return on equity? - Correct Answer ✅net income divided by average equity Why should companies that are conservative investors with liquidity concerns invest their excess cash in money market funds? - Correct Answer ✅it converts easily to cash

and Answers (Latest 2024)

enabled to work remotely with secure connectivity to the corporate network via the internet What are three ways cloud computing services enhance company productivity? Choose 3 answers - Correct Answer ✅Through better resource utilization, through elimination of application downtime, through dedication of resources to each user For which type of communication should employees have an ethical expectation of privacy from company monitoring? - Correct Answer ✅Personal letters sent through the company mail room Which activity raises ethical issues heightened by the capabilities of data mining? - Correct Answer ✅Selling customer data for external marketing research Which intent of spyware creates a company security issue? - Correct Answer ✅The intent to report on a user's internet activity

and Answers (Latest 2024)

A company might divide itself into smaller groups that best match the types of customers it service. this is an example of

• Correct Answer ✅departmentalization. Total productivity - Correct Answer ✅output (goods or services) / input (human, natural resources, capital) Liquidity ratio - Correct Answer ✅current assets / current liabilities acid test - Correct Answer ✅current assets - inventory / current liabilities inventory turnover - Correct Answer ✅cost of goods sold / average inventory (average of 2013 + 2014) receivables turnover - Correct Answer ✅credit sales / average account receivables (average of 2013 + 2014)

and Answers (Latest 2024)

what are leverage ratios - Correct Answer ✅measure the extent to which a firm relies on debt financing and includes debt ratio and long-term debt to equity debt ratio - Correct Answer ✅total liabilities / total assets long-term debt to equity - Correct Answer ✅long-term debt / owner's equity what do management use support systems for - Correct Answer ✅decisions information systems for activities fall under which support system - Correct Answer ✅operational support systems which of the two information systems are operational support systems - Correct Answer ✅process control system, transaction process system

and Answers (Latest 2024)

a decision support system (DSS) belongs to which support system - Correct Answer ✅management is ethical and legal the same thing - Correct Answer ✅no when two or more users connect using Ethernet or WiFi to the same server to share printers or other information - Correct Answer ✅local area network (LAN what are advantages to WiFi - Correct Answer ✅mobility, expansion of LAN the coordination of all promotional activities - media advertising, direct mail, personal selling, sales promotion, and public relations - to produce a unified, customer-focused message. - Correct Answer ✅integrated marketing communications used in the growth and maturity stage of the product life cycle to improve competitive status of a product. - Correct Answer ✅persuasive advertising

and Answers (Latest 2024)

three different product types - Correct Answer ✅specialty, shopping, convenience which of the product types is purchased most infrequently - Correct Answer ✅specialty what are the four stages of the product life cycle - Correct Answer ✅introductory, growth, maturity, decline which stage of the product life cycle requires focusing on attracting the competitors customers - Correct Answer ✅maturity which advantage does brand loyalty provide - Correct Answer ✅competitive advantage the highest form of brand loyalty is - Correct Answer ✅imsistence

and Answers (Latest 2024)

brand preference is a higher form or loyalty than brand recognition - Correct Answer ✅true a brand is recognized by potential customers, and is correctly associated with a particular product - Correct Answer ✅brand awareness connect the brand to the a positive image (GE to eco friendly)

• Correct Answer ✅brand association what are marketing intermediaries - Correct Answer ✅retailer and broker using what can make a price cheaper to a consumer - Correct Answer ✅wholesaler what adds value to a product - Correct Answer ✅marketing intermediaries what is the purpose of a strategic marketing stratey - Correct Answer ✅achieve organizational goals