WGU C201 BUS 5000 Business Acumen READINESS ASSESSMENT GUIDE Q & S 2025/2026

1. Multiple Choice: Which financial statement best demonstrates
the profitability of a company over a specific period?
 a) Balance Sheet
 b) Income Statement
 c) Cash Flow Statement
 d) Statement of Shareholders' Equity
 Correct Answer: b) Income Statement
 Rationale: The income statement provides detailed information
about a company's revenues, expenses, and net income, which
reflects profitability.
2. Fill-in-the-Blank: The ________ is a strategic tool used to
analyze a company's competitive environment by examining
strengths, weaknesses, opportunities, and threats.
 Correct Answer: SWOT Analysis
 Rationale: SWOT Analysis is a common strategic planning tool
for evaluating those four key aspects of a business.
3. True/False: In the context of business acumen, 'liquidity' refers
to the ease with which a company's shares can be bought or sold in
the market.
 Correct Answer: False
 Rationale: Liquidity actually refers to a company's ability to meet
its short-term obligations.
4. Multiple Response: Select all that apply. Which of the following
are considered core components of business acumen?
 a) Understanding financial metrics
 b) Knowledge of the legal implications of business decisions
 c) Ability to speak multiple languages
 d) Competence in strategic decision-making