Studentwhiz - BUS 475 Capstone Final Examination Part 2
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<strong>BUS</strong> <strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong> <strong>Part</strong> 2<br />
This is the latest exam available. (100%)<br />
1. Which of the following is not a current<br />
liability on December 31, 2014?
·A lawsuit judgment to be decided on<br />
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 />
2. Continuous monitoring, in the<br />
contemporary approach, is beneficial<br />
because_____________.<br />
·it increases the time it takes to detect<br />
changes in the competitive environment<br />
·Organization response time is increased<br />
·Organizational flexibility is reduced<br />
·It reduces time lags<br />
3. The acquisition of treasury stock by a<br />
corporation:
·requires that a gain or loss be recognized on<br />
the income statement.<br />
·increases its total assets and total<br />
stockholders’ equity.<br />
·has no effect on total assets and total<br />
stockholders’ equity.<br />
· decreases its total assets and total<br />
stockholders’ equity.<br />
4. You work in marketing for a company that<br />
produces work boots. Quality control has<br />
sent you a memo detailing the length of time<br />
before the boots wear out under heavy use.<br />
They find that the boots wear out in an<br />
average of 208 days, but the exact amount of<br />
time varies, following a normal distribution<br />
with a standard deviation of 14 days. For an<br />
upcoming ad campaign, you need to know<br />
the percent of the pairs that last longer than
six months-that is, 180 days. Use the<br />
empirical rule to approximate this percent.<br />
· 97.5%<br />
·95%<br />
·2.5%<br />
· 5%<br />
5. __________involves ensuring proper<br />
strategic controls and organizational designs.<br />
·Corporate governance<br />
·Strategy implementation<br />
·Business-level strategy<br />
·Corporate-level strategy<br />
6. A post-closing trial balance will show:<br />
· Only income statement accounts
· zero balances for balance sheet accounts<br />
· Only balance sheet accounts<br />
· zero balances for all accounts<br />
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