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<strong>BUS</strong> <strong>475</strong> CAPSTONE FINAL<br />
EXAMINATION<br />
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<strong>BUS</strong> <strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong> <strong>Part</strong> 2<br />
<strong>BUS</strong> <strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong> <strong>Part</strong> 2 -<br />
This is the latest <strong>BUS</strong>/<strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong> <strong>Part</strong> 2<br />
(100%)
Which of the following is not a current liability on<br />
December 31, 2014?<br />
A lawsuit judgment to be decided on January 10,2015<br />
A Note Payable due December 31 2015<br />
Accrued salaries payable from 2014<br />
An Accounts Payable due January 31,2015<br />
Continuous monitoring, in the contemporary approach, is<br />
beneficial because_____________.<br />
it increases the time it takes to detect changes in the<br />
competitive environment<br />
organization response time is increased<br />
organizational flexibility is reduced<br />
It reduces time lags<br />
The acquisition of treasury stock by a corporation:<br />
requires that a gain or loss be recognized on the income<br />
statement.<br />
increases its total assets and total stockholders’ equity.
has no effect on total assets and total stockholders’<br />
equity.<br />
decreases its total assets and total stockholders’ equity.<br />
You work in marketing for a company that produces work<br />
boots. Quality control has sent you a memo detailing the length<br />
of time before the boots wear out under heavy use. They find<br />
that the boots wear out in an average of 208 days, but the<br />
exact amount of time varies, following a normal distribution<br />
with a standard deviation of 14 days. For an upcoming ad<br />
campaign, you need to know the percent of the pairs that last<br />
longer than six months-that is, 180 days. Use the empirical rule<br />
to approximate this percent.<br />
97.5%<br />
95%<br />
2.5%<br />
5%<br />
__________involves ensuring proper strategic controls and<br />
organizational designs.<br />
Corporate governance
Strategy implementation<br />
Business-level strategy<br />
Corporate-level strategy<br />
A post-closing trial balance will show:<br />
only income statement accounts<br />
zero balances for balance sheet accounts<br />
only balance sheet accounts<br />
zero balances for all accounts<br />
The preparation of adjusting entries is:<br />
straightforward because the accounts that need adjustment<br />
will be out of balance<br />
needed to ensure that the expense recognition principle is<br />
followed.<br />
only required for accounts that do not have a normal balance.<br />
optional when financial statements are prepared.
In a simple linear regression model, if the plots on a<br />
scatter diagram lie on a straight line, what is the standard error<br />
of the estimate?<br />
Infinity<br />
0<br />
+1<br />
-1<br />
The fraud triangle applies to:<br />
U.S. and Canadian companies, but not other international<br />
companies.<br />
U.S companies but not international companies.<br />
U.S and international companies.<br />
international companies but not U.S. companies.<br />
According to value-chain analysis, which of the following would<br />
be considered part of the general administration in a firm?<br />
information systems<br />
procurement
technology development<br />
human resource management<br />
Which of the following can be represented by a discrete<br />
random variable?<br />
The circumference of a randomly generated circle<br />
The number of defective light bulbs in a sample of five<br />
The time of a flight between Chicago and New York<br />
The average distance achieved in a series of long jumps<br />
What is an advantage of the correlation coefficient over the<br />
covariance?<br />
It falls between 0 and 1.<br />
It falls between -1 and 1.<br />
It falls between -1 and 1; and it is a unit free measure, therefore<br />
making it easier to interpret.<br />
It is a unit-free measure, therefore making it easier to interpret.<br />
GAAP, compared to IFRS, tends to be more:
ules-based<br />
simple in accounting requirements<br />
principles-based<br />
simple in disclosure requirements<br />
The resource-based view (RBV) of the firm combines two<br />
perspectives:<br />
the internal analysis of the firm and the external analysis of the<br />
industry and competitive environment<br />
the primary and support activities of the firm<br />
the industry and the competitive environment<br />
the interrelationships among the primary activities of the firm<br />
and corporate management<br />
Sarbanes Oxley applies to:<br />
U.S and international companies.<br />
U.S. and Canadian companies but not other international<br />
companies.<br />
U.S companies but not international companies.
international companies but not U.S. companies.<br />
Is it possible for a data set to have no mode?<br />
No, unless there is an odd number of observations<br />
Yes, if two observations occur twice<br />
Yes, if there are no observations that occur more than once<br />
No, if the data set is nonempty, there is always a mode<br />
Under the accrual basis of accounting:<br />
events that change a company's financial statements are<br />
recognized in the period they occur rather than in the period in<br />
which cash is paid or received.<br />
the ledger accounts must be adjusted to reflect a cash basis of<br />
accounting before financial statements are prepared under<br />
generally accepted accounting principles.<br />
cash must be received before revenue is recognized.<br />
net income is calculated by matching cash outflows against<br />
cash inflows.
Which trial balance will consist of the greatest number<br />
of accounts?<br />
Trial balance<br />
Adjusted trial balance<br />
Balance<br />
Post-closing trial balance<br />
Vertical analysis is a technique that expresses each item in a<br />
financial statement:<br />
in dollars and cents.<br />
as a percent of a base amount.<br />
as a percent of the item in the previous year.<br />
starting with the highest value down to the lowest value.<br />
Cost allocation of an intangible asset is referred to as:<br />
accretion<br />
amortization<br />
depreciation<br />
capitalization
According to the text, the triple bottom line approach to<br />
corporate accounting includes three components:<br />
financial, environmental, and social<br />
financial, organizational, and customer<br />
financial, environmental, and customer<br />
financial, organizational, and psychological<br />
An analyst believes the probability that U.S. stock returns<br />
exceed long-term corporate bond returns over a 5-year period<br />
is based on personal assessment. This type of probability is best<br />
characterized as a(n) ____________.<br />
Subjective probability<br />
Objectivity probability<br />
Empirical probability<br />
A priori probability<br />
Green, Inc. had 200,000 shares of common stock outstanding<br />
before a stock split occurred and 800,000 shares outstanding<br />
after the stock split. The stock split was:
2-for-8<br />
1-for-8<br />
8-for-1<br />
4-for-1<br />
Firms must be aware of goals other than short-term profit<br />
maximization. One area of concern should be social<br />
responsibility which is:<br />
the expectation that business will strive to improve the overall<br />
welfare of society<br />
the fact that court costs could impact the financial bottom line<br />
the idea that organizations are solely responsible to local<br />
citizens<br />
the idea that businesses are responsible to maintain a healthy<br />
social climate for their employees<br />
Expenditures that maintain the operating efficiency and<br />
expected productive life of a plant asset are generally:<br />
expensed when incurred.<br />
not recorded until they become material in amount.
debited to the Accumulated Depreciation account.<br />
capitalized as a part of the cost of the asset.<br />
For both qualitative and quantitative data, what is the<br />
difference between the relative frequency and the percent<br />
frequency?<br />
The relative frequency equals the percent frequency multiplied<br />
by 100.<br />
The percent frequency equals the relative frequency multiplied<br />
by 100<br />
As opposed to the relative frequency, the percent frequency is<br />
divided by the number of observations in the data set.<br />
As opposed to the percent frequency, the relative frequency is<br />
divided by the number of observations in the data set.<br />
Shaw Industries, a giant carpet manufacturer, increases its<br />
control over raw materials by producing much of its own<br />
polypropylene fiber, a key input to its manufacturing process.<br />
This is an example of _______________.<br />
using related diversification to achieve value by leveraging core<br />
competencies to achieve economies of scope
using related diversification to achieve value by<br />
pooling negotiating power to achieve market power<br />
using related diversification to achieve value by integrating<br />
vertically in order to attain economies of scope<br />
using related diversification to achieve value by integrating<br />
vertically in order to acquire market power<br />
Which of the following can be represented by a continuous<br />
random variable?<br />
The average temperature in Tampa, Florida, during the month<br />
of July<br />
The number of customers who visit a department store<br />
between 10:00 a.m. and 11:00 a.m. on Mondays<br />
The number of students who will get financial assistance in a<br />
group of 50 randomly selected students<br />
The number of typos found on a randomly selected page of this<br />
test bank
Which of the following controls would best help<br />
detect the removal of a blank check by an employee from the<br />
back of a company's checkbook for subsequent<br />
misappropriation of funds?<br />
An accounting policies manual<br />
Tracing any debit memorandums from the bank to the<br />
company's records<br />
A review of the cash budget<br />
The use of pre-numbered checks<br />
A SWOT analysis is a framework for analyzing a firm’s<br />
environments. A SWOT is made up of<br />
Internal environmental analysis of threats and weaknesses.<br />
Internal strengths and weaknesses; external threats and<br />
opportunities.<br />
Internal threats and weakness and external strengths and<br />
opportunities.<br />
External analysis of strengths and opportunities.<br />
Trumpeting Trumpets has the following inventory data:
July 1: Beginning inventory<br />
30 units at $120<br />
July 5: Purchases<br />
180 units at $112<br />
July 14: Sale<br />
120 units<br />
July 21: Purchases<br />
90 units at $115<br />
July 30: Sale<br />
84 units<br />
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QNT 565 <strong>Final</strong> Exam<br />
STR 581 <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong>, <strong>Part</strong> One<br />
STR 581 <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong>, <strong>Part</strong> Two<br />
STR 581 <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong>, <strong>Part</strong> Three<br />
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