WGU Accounting for Decision Makers C213 VAC2 : Accounting-for-Decision-Makers

  • Exam Code: Accounting-for-Decision-Makers
  • Exam Name: WGU Accounting for Decision Makers C213 VAC2
  • Updated: Jun 11, 2026
  • Q & A: 71 Questions and Answers

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About WGU Accounting for Decision Makers C213 VAC2 : Accounting-for-Decision-Makers Exam

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WGU Accounting for Decision Makers C213 VAC2 Sample Questions:

1. Which source of cash is the best indicator of a firm's viability as an ongoing concern?

A) Cash from financing activities
B) Cash from production activities
C) Cash from operating activities
D) Cash from investing activities


2. Which body regulates a certified public accounting firm's audit practices when the firm is auditing a large, publicly traded company?

A) The Financial Accounting Standards Board (FASB)
B) The Financial Accounting Standards Advisory Council (FASAC)
C) The Internal Revenue Service (IRS)
D) The Public Company Accounting Oversight Board (PCAOB)


3. Which role do ethical standards have in management accounting?

A) To provide the management accountant with the ability to work with only companies that follow strict ethical principles
B) To provide the management accountant with the ability to know whether a person will act ethically or not
C) To guide the resolution to possible ethical dilemmas that the managerial accountant may encounter
D) To prevent all unethical behavior of anyone the management accountant may work with


4. What are two examples of product costs?
Choose 2 answers.

A) Raw materials
B) Period expenses
C) Selling and administrative expenses
D) Direct labor


5. Who does Sarbanes-Oxley apply to?

A) Publicly traded, wholly-owned subsidiaries of foreign companies doing business in the United States
B) Nonpublic companies in the United States
C) Publicly traded companies in the United States
D) Nonpublic wholly-owned subsidiaries of foreign companies doing business in the United States


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: C
Question # 4
Answer: A,D
Question # 5
Answer: C

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