BUS 475 Final Exam

| August 14, 2017

1.
The income statement
and balance sheet columns of Pine Company’s worksheet reflects the following
totals:
2.
Which one of the
following is a product cost?
3.
One of Astro
Company’s activity cost pools is machine setups, with estimated overhead of
$150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How
much of the machine setup cost pool should be assigned to sparklers?
4.
The cost of an asset
and its fair market value are __________.
5.
H55 Company sells two
products, beer and wine. Beer has a 10 percent profit margin and wine has a 12
percent profit margin. Beer has a 27 percent contribution margin and wine has a
25 percent contribution margin. If other factors are equal, which product
should H55 push to customers?
6.
Which list below best
describes the major services performed by public accountants?
7.
What effect do
current technology changes have on managerial accounting?
8.
The cost principle is
the basis for preparing financial statements because it is __________.
9.
What is the
preparation of reports for each level of responsibility in the company’s
organization chart called?
10.
In what situations
will a static budget be most effective in evaluating a manager’s effectiveness?

11.
The income statement
and balance sheet columns of Pine Company’s worksheet reflects the following
totals:
Income Statement Balance Sheet
Dr. Cr. Dr. Cr.
Totals $58,000 $48,000 $34,000 $44,000

Closing entries are
necessary for __________.
12.
Hess, Inc. sells a
single product with a contribution margin of $12 per unit and fixed costs of
$74,400 and sales for the current year of $100,000. How much is Hess’s break
even point?
13.
If a company reports
a net loss, it __________.
14.
What exists when budgeted
costs exceed actual results?
15.
In order to be
successful, a cartel must __________.
16.
One characteristic of
an oligopoly market structure is:
17.
Institutions in the
economy that help to match one person’s saving with another person’s investment
are collectively called the __________.
18.
In computing GDP,
market prices are used to value final goods and services because __________.
19.
If a binding price
ceiling were imposed in the computer market, __________.
20.
In economics, the
cost of something is __________.
21.
The general term for
market structures that fall somewhere in-between monopoly and perfect
competition is __________.
22.
Which of the
following statements about GDP is correct?
23.
In the open-economy
macroeconomic model, other things the same, a decrease in the interest rate
shifts __________.
24.
In the market for
foreign-currency exchange in the open economy macroeconomic model, the amount
of net capital outflow represents the quantity of dollars __________.
25.
The balance of
payment account is made up of:
26.
The part of the
balance of payments account that lists all long-term flows of payments is
called the:
27.
Many U.S. business
leaders argue that the current state of U.S. net exports is the result of
__________.
28.
The pursuit of
lucrative opportunities by enterprising individuals is called:
29.
ABC International
carefully watches the actions of its most innovative competitor and learns from
them. ABC can establish a low-cost position by:
30.
Which of these refers
to the practices aimed at discovering and harnessing an organization’s
intellectual resources?
31.
As related to
managing of human resources, diversity refers to:
32.
Which of the
following has proven to be a particularly good predictor for jobs that require
cognitive complexity?
33.
Which of the
following best describes a mental image of a possible and desirable future
state of the organization?
34.
An invisible barrier
that makes it difficult for certain groups, such as minorities and women, to
move beyond a certain level in the organizational hierarchy is referred to as the:
35.
When a company
establishes technology leadership by pioneering unique products or services
that command premium prices, it has benefited from a:
36.
Your roommate is
interested in starting a business and everybody has been giving him different
information about being an entrepreneur. Since you have been studying about
entrepreneurship and new ventures, which of these would you tell him is true?
37.
Which of these
describes a vision, as it pertains to leadership?
38.
Japanese
manufacturers’ kaizen (continuous improvement) programs enable them to
maintain:
39.
To be competitive in
a global economy, Europeans must increase their level of:
40.
A series of quality
standards developed by a committee working under the International Organization
for Standardization to improve total quality in all businesses for the benefit
of both producers and consumers is:
41.
The Aquatic Center,
Inc. periodically reviews the goals of the company. During the process, The
Aquatic Center managers analyze their current strategies as compared to their
competitors, determine goals that they will pursue and decide upon specific
actions for each area of the company to take in pursuit of these goals. The
Aquatic Center managers have been engaged in the management function of:
42.
Dullco Manufacturing
claims that its alkaline batteries last forty hours on average in a certain
type of portable CD player. Tests on a random sample of 18 batteries showed a
mean battery life of 37.8 hours with a standard deviation of 5.4 hours.
In a left-tailed test
at = .05 we would __________.
43.
Jolly Blue Giant
Health Insurance (JBGHI) is concerned about rising lab test costs and would
like to know what proportion of the positive lab tests for prostate cancer are
actually proven correct through subsequent biopsy. JBGHI demands a sample large
enough to ensure an error of ± 2% with 90% confidence. What is the necessary
sample size?
44.
Independent events A
and B would be consistent with which of the following statements:
45.
Twelve
randomly-chosen students were asked how many times they had missed class during
a certain semester, with this result: 2, 1, 5, 1, 1, 3, 4, 3, 1, 1, 5, 18.
For
this sample, the standard deviation is approximately _____.
46.
Thirty patients are
selected from a filing cabinet containing 812 patient folders by choosing every
27th patient folder. Which sampling method is this?
47.
Twelve
randomly-chosen students were asked how many times they had missed class during
a certain semester, with this result: 2, 1, 5, 1, 1, 3, 4, 3, 1, 1, 5, 18.
For this sample, the
median is _____.
48.
Suppose the estimated
quadratic model Yt = 500 + 20 t – t2 is the best-fitting trend of sales of XYZ
Inc. using data for the past twenty years (t = 1, 2,.., 20).
Which statement is
incorrect?
49.
Suppose that the
optimal values of the decision variables to a two-variable linear programming
problem remain the same as long as the slope of the objective function lies
between the slopes of the following two constraints:
2X1
+ 3X2 26
2X1
+ 2X2 20
The
current objective function is:
8X1
+ 9X2 = Z
Which
of the following statements about the range of optimality on c1 is TRUE?
50.
A project has three
paths. A–B–C has a length of 25 days. A–D–C has a length of 15 days. Finally,
A–E–C has a length of 20 days. Which one of the following statements is TRUE?
51.
In statistical
process control a p-chart could __________.
52.
A computer analysis
reveals that the best-fitting trend model is Yt = 4.12 e 0.987 t. The trend was
fitted using year-end common stock prices for Melodic Kortholt Outlet for the
last six years. The R2 is 0.8571.
53.
What is _____ is not
necessarily _____.
54.
The costs of delivering
products in the _____ channel are much higher than delivering products in the
_____ channel.
55.
Fundamental points
about network computing in organizations include all of the following except:
56.
Various organizations
that promote fair and responsible use of information systems often develop
__________.
57.
Networks enable which
of the following applications?
58.
International Game
Technology’s new ERP system produced all of the following benefits except:
59.
_____ is a process
that helps organizations identify, select, organize, disseminate, transfer, and
apply expertise that are part of the organization’s memory and typically reside
inside the organization in an unstructured manner.
60.
The end result of the
Data Life Cycle is the generation of _____.
61.
Credit card companies
would most likely use which of the following to check for fraudulent credit
card use?
62.
Information-based
industries are most susceptible to which one of Porter’s five forces?
63.
At 8% compounded
annually, how long will it take $750 to double?
64.
According to the
hedging principle, permanent assets should be financed with _____ liabilities.
65.
Which of the
following best represents the stream of income that is available to common
stockholders?
66.
An increase in future
value can be caused by an increase in the __________.
67.
A machine costs
$1,000, has a three-year life, and has an estimated salvage value of $100. It
will generate after-tax annual cash flows (ACF) of $600 a year, starting next
year. If your required rate of return for the project is 10%, what is the NPV
of this investment? (Round your answerwer to the nearest $10.)
68.
At what rate must
$400 be compounded annually for it to grow to $716.40 in 10 years?
69.
Which of the
following represents an attempt to measure the earnings of the firm’s operations
over a given time period?
70.
If the quote for a
forward exchange contract is greater than the computed price, the forward
contract is:
71.
Petrified Forest Skin
Care, Inc. pays an annual perpetual dividend of $1.70 per share. If the stock
is currently selling for $21.25 per share, what is the expected rate of return
on this stock
72.
Exchange rate risk:
73.
Bell Weather, Inc.
has a beta of 1.25. The return on the market portfolio is 12.5%, and the
risk-free rate is 5%. According to CAPM, what is the required return on this
stock?
74.
Given the following
annual net cash flows, determine the IRR to the nearest whole percent of a
project with an initial outlay of $1,520.

Year

Net Cash Flow

1

$1,000

2

$1,500

3

$ 500

75.
Mortgage bonds:
76.
“Marketing
strategy planning” means:
77.
In comparison to the
buying of final consumers, the purchasing of organizational buyers:
78.
The three basic tasks
of ALL managers, according to the text, are:
79.
In an effort to
increase its total sales, Champion has started exporting its spark plugs for use
by several German auto producers. Champion is pursuing a _____ opportunity.
80.
When evaluating
macro-marketing:

81.
A cluster analysis of
the “toothpaste market” would probably show that:
82.
The managerial
process of developing and maintaining a match between the resources of an
organization and its market opportunities is called:
83.
Which of the
following is a business or organizational customer?
84.
__________ is a
marketing management aid which refers to how customers think about proposed
and/or present brands in a market.
85.
The statement,
“Of course people will buy our product–each of its features is better
than the competition,” most closely reflects which consumer behavior
concept?
86.
The economists’ view
of buyers:
87.
The “four
Ps” of a marketing mix are:
88.
Which of the
following is correct about litigating commercial disputes?
89.
Which of the
following terms need not be disclosed under Truth-in-Lending Act?
90.
Probable cause is
most directly associated with which step of the criminal process?
91.
In a criminal
proceeding, what is the difference between an indictment and an information?
92.
Under Section 2 of
the Sherman Act, rather than making a presumption whether monopoly power
exists, the courts will examine all the facts and circumstances to determine
whether monopoly power exists when the defendant holds between _____ percent
and _____ percent of the relevant market:
93.
A professional
corporation is one that:
94.
Information which
comes to the knowledge of an agent is:
95.
For which of the
following kinds of intellectual property is a filing or registration required
in order to receive protection?
96.
Which of the
following is correct about the states’ powers regarding foreign affairs?
97.
If the value of the
collateral is less than the debt owed to the secured party, then:
98.
Although the U.S. has
had a longstanding agreement with _____ after the passage of NAFTA, _____
became the United States’ second largest trading partner.
99.
Which country does
the text describe as becoming the largest producer and consumer of many of the
world’s goods?
100. One study found that manufacturing labor costs about _____
an hour in China, compared to _____ dollars in the United States.

Order your essay today and save 30% with the discount code: ESSAYHELPOrder Now