MGT100-HK1 Final Exam complete solution correct answer key

MGT100-HK1 Final Exam complete solution correct answer key

The most typical time frame for a budget is 

Which of the following is NOT a Core Competency in Accounting as identified by the CPA Vision Project?

The ____________ measures the average number of times that inventory is sold and restocked during the year.

As buildings and equipment wear out or become obsolete, their value decreases. To reflect decreasing value, accountants use 

is concerned with reporting the operations of the company as a whole to shareholders and the public.

An expense, such as rent, that is paid before the upcoming period in which it is due is referred to as _________ on the balance sheet.

_________ is also known as net profit or net earnings

Subtracting income taxes from operating income reveals

Depreciation is

Which of the following statements is the most accurate? 

Along with the computer, Mega Computers has sent a document that states the promised payment date and amount. The buyer must sign it before taking the computer. This is a(n)

Financial control is

Property insurance is

Cash-flow management is

The mix of debt and equity funding that a firm uses is called its 

Credit policies are

A __________ is an arrangement in which a lender agrees to make funds available on demand and on a continuing basis

________ risks involve the possibility of gain or loss.

_________ is uncertainty about future events.

_______ are purchases of fixed assets such as land, buildings, and machinery.

Search engines such as Yahoo! serve as ___________, collections of business Web sites representing diverse products

__________ help Internet customers by gathering and sorting information on products and prices

Which of the following would violate FCC cross-ownership regulations?

The Federal Communications Commission has regulations against ____________, ownership of more than one media outlet in the same market.

The type of nonstore marketing used by Tupperware, Amway, and Avon is 

_________ generate large sales volume by offering goods at substantial price reductions. In recent years they have offered higher quality and a few department store services

In _________, the telephone is used to sell directly to consumers

There are over _______ million retail establishments in the U.S.

___________ distribution is a strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographic area.

Which of the following work on commission, do not take title to the goods they sell, and serve as sales reps to manufacturers who need them?

Only corporations can issue ___________ bonds

A _______ is a bond for which no specific property is pledged as collateral.

Animal names have figured prominently in the stock market for years. Which animal listed below do we associate with a rising market?

What condition would lead an issuer to call a bond?

Which of the following are aspects of a short sale by an investor?

On the stock pages of The Wall Street Journal, which column informs us as to how many shares of a given stock was sold during the market session reported on?

Among municipal bonds, which are backed by the issuer's taxing power?

Through _________, the risk of loss is reduced by spreading the total investment across more stocks

Typically, a state or local government will issue ___________ to fund new elementary and high schools.

Which is the most widely cited U.S. stock market index?

Buyers fall into two groups: buyers of __________ and buyers of ___________

Companies often price their products to establish ______________, a company's percentage of the total market sales for a specific product type.

Which of the following is most likely to generate profits to cover the expenses of developing new products?

__________ is frequently used to stimulate sales.

Which of the following is NOT a function of packaging? 

__________ refers to the physical container in which a product is sold, advertised, or protected.

The three types of brand names are ________________ brands

A ____________ is the tangible and intangible features that characterize a product

When companies extend their horizons and identify opportunities outside existing product lines, the result is

A product __________ is a group of similar products intended for a group of similar buyers

The evaluation of all work activities, materials flows, and paperwork to determine the value that they add for customers is

Through _________, a firm compares its products and processes with those of competitors or even companies in other lines of business.

Which of the following was used where GTE improved its over-the-phone business?

Business process reengineering is 

A product with a very low defect rate would have high

Productivity measures how much we produce with the _______ we use to produce it

The process by which a company analyzes a competitor's product to identify desirable improvements in its own is called

Employee empowerment is

A _________ could be used to analyze variations in the weight of cereal boxes

Total quality management is

Information is

Netscape Navigator, Netscape Communicator, and Internet Explorer are

__________ need information to analyze trends in the business environment and overall company performance in order to make long-range plans.

The ________ was originally commissioned by the Pentagon

________ allows people in remote locations to work simultaneously on one document

A(n) ________________ is a quick-reference, easy-access application of information systems specially designed for instant access by upper-level managers

Which of the following is a database management program?

Robotics is a special category of

Which of the following are spreadsheet packages?

Lotus Notes and Netscape Communicator are __________ products

A nondeposit financial institution that pools funds from it members to provide retirement income for its members is a(n)

The _________ funds national improvements by making loans to build roads, schools, power plants, and hospitals.

Approximately ________ of all U.S. currency is held by residents of other countries who want the security of U.S. dollars

Which of the following is a purpose of the International Monetary Fund?

Which of the following will result in an increase of the money supply?

David has a savings account and his home mortgage with this financial institution. In addition, he periodically receives a dividend check from them. He is invested with a

Which of the following is NOT part of the M-2 money supply?

Where will one find the most avid users of the smart card?

If today's currency wears out it can be replaced, thus demonstrating that it is

Individual banks that need money can borrow from the Federal Reserve and pay interest on the loans, while the Fed provides storage for commercial banks. The preceding sentence describes which role of the Fed?

Approximately ________ of the Gross Domestic Product is generated by the service sector.

The typical layout in automobile, food-processing, and computer assembly plants is the _______ layout

Using a _________ chart, managers list all the activities needed to complete a job, estimate the time required for each step, and check the progress of the project against the chart.

Lockheed Martin is using _________ to automatically inform their engineers and those of their subcontractors of changes to designs.

The layout that is efficient and inexpensive because it simplifies work tasks and uses unskilled labor is the _______ layout.

Steve manages people who take various raw materials and pre-made assemblies and puts them together in a unique product that is sold to retail stores. Steve is involved in

Check processing at your local bank is a(n) ___________ system.

Employment in the service sector accounts for approximately _________ of jobs in the United States

The layout where the arrangement of production facilities is design to move families of products through similar flow paths is the _______ layout

A _________ chart is a production schedule specifying the sequence and critical path for performing the steps in a project.

The sending of fliers or other types of printed advertisements to consumer's homes is

__________ indicate(s) that the buyer is interested and pinpoint(s) the parts of the presentation that trouble the buyer.

To stimulate sales, drug companies use

The owner of Billy Joe's Barbecue is looking at his advertising, sales promotion, and publicity programs. He is reviewing the company's ___________ mix

When New York Life advertises the safety and security of its products, it is using a _______ advertising strategy

As an example of adding value, Burger King cut back on advertising dollars and used those funds for

____________ allow companies to rent booths to display and demonstrate products to customers who have a special interest in them

During the postpurchase evaluation stage of the consumer buying process, the most effective promotional tool(s) is/are

When selling new, innovative products the type of selling most likely needed is

Which of the following make it easier for customers to find a product and eliminate competitors' products from consideration?