Term
which of the following is not an asset
a. cash
b. equipment
c. goodwill
d. revenue |
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Definition
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Term
the standards developed by professional accounting organizations to identify appropriate accounting reporting standards are known as... |
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Definition
generally accepted accounting principles |
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Term
payroll checks can be considered as...
a. output
b. process
c. input
d. feedback |
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Definition
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Term
which of the following is properly classified as a financing activity?
a. purchase of equipment
b. sale of inventory
c. collection of accounts receivable
d. payment of loan principal |
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Definition
payment of loan principle |
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Term
in economic terms, when demand and supply meet, the price of the product or service is establised.
this is the point of... |
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Definition
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Term
personal selling, advertising, public relations, and sales promotions are decisions made when planning the ___ strategy |
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Definition
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Term
examples of internal control procedures include all of the following EXCEPT
a. accounting records should be cerified independently
b. record keeping responsibilities should be separated fromphysical control over resources
c. limit access to accounting records to top management
d. use pre numbered documents and forms |
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Definition
limit access to accounting records to top management |
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Term
a single set of hardware, software, databases, telecommunications, people and procedures that are configured to collect, manipulate, store, and process data into information is called a... |
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Definition
computer-based information system |
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Term
a ___ system could be used to cailitate business related exchanges such as sales to customers |
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Definition
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Term
a collection of related data fields on a particular person, event, or object is called... |
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Definition
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Term
short term loans
a. have a maturity of one year or longer
b. are always secured
c. are shown as a liability on the balance sheet
d. do not require any collateral
e. are shown as a capital expenditure on the balance sheet |
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Definition
are shown as a liability on the balance sheet |
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Term
the terms "risk" and "return" are related in that...
a. risky investments always generate low returns
b. when one oes up the other usually goes up
c. they generally rise and fall somewhat inversely
d. smaller investments usually incur smaller risk but generate higher returns |
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Definition
when one goes up the other usually goes up |
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Term
capsim foundation, before making decisions on the finance spreadsheet, you should make... |
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Definition
all R&D marketing and production decisions first |
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Term
which of the following statements is a DISADVANTAGE inherent in equity financing
a. the company is not required to repay equity
b. interest is tax deductible
c. equity has no maturity date
d. a firm has no obligations to pay dividends
e. equity owners have residual claim on income |
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Definition
equity owners have residual claim on income |
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Term
which of the following is NOT one the stages in the product life cycle?
a. maturity
b. introduction
c. decline
d. development
e. growth |
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Definition
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Term
if thomas invested $20,000 to start athletic works and earned a profit of $1,600 what would be the return on the investment? |
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Definition
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Term
which of the following is NOT an example of a fringe benefit?
a. insurance program
b. pension plan
c. vacation plan
d. paid sick leave
e. commission |
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Definition
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Term
organizations that sell consumer goods that are produced by other companies are... |
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Definition
merchandising/retailing companies |
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Term
when kellogg's designed a new package for its special K plus cereal, it decided to make it look like a milk carton to emphasize the product's calcium content.
this type of decisions was made as part of the __strategy |
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Definition
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Term
a __ is a study of the tasks required to do a particular job well |
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Definition
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Term
for most organizations, __ supprot the routine, day-to-day activities that occur in the normal course of business |
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Definition
transaction processing system (TPS) |
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Term
the sales begin with the salesperson locating companies or people who are most likely to buy the seller's offerins.
this activity is called... |
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Definition
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Term
which of the following statements about internal control is NOT true
a. an internal control system consists of policies and procedures designed to protect an organization's assets
b. an internal control system that helps ensure the reliability of an organizations's accounting records
c. effective internal controls reduce the likelihood of errors, omissions of misstatements in financial statements
d. internal control systems apply only to somputerized accounting systems |
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Definition
internal control systems apply only to computerized accounting systems |
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Term
identifying consumr needs and then producing the goos and services that will satisfy them while making profit for the organization is known as the... |
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Definition
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Term
___ is a collection of facts organized in sich a way that they have additional value beyond the value of facts themselves. |
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Definition
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Term
which of the following is NOT normally included in a US corporate annual report
a. the aduitors report
b. notes to the financial statements
c. stakeholder statement
d. management's discussion and analysis |
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Definition
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Term
what is the potential drawback to the use of debit financing? |
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Definition
debt financing increases the risk of not being able to make payments of principal and interests |
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Term
self checkout at walmart is a good example of a...
a. customer integrated system
b. enterprise resource planning system
c. management information system
d. decision support system |
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Definition
customer integrated system |
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Term
the occupational safety and health act requires... |
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Definition
employers to provide a safe and healthful workplace |
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Term
capsim foundation, what trend can be explicitly observed in the industry your company is operating in? |
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Definition
products become smaller and smaller |
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Term
capsim foundation, what are some effects of an increase in automation?
a. a decrease in labor hours
b. lower material cost
c. longer repositioning period in R&D
d. both a and c
e. a, b, and c are all effects of an increase in automation |
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Definition
both a and c
a decrease in labor hours
longer repositioning period in R&D |
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Term
in most situations, revenue is recognized at the time when... |
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Definition
goods or services are delivered to the customer |
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Term
which of the following is NOT on of the main activities for a human resouce manager
a. recruiting and selecting employees
b. training and developing employees
c. coordinating marketing and production activities
d. performance planning and evaluation
e. organizational careet management |
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Definition
coordinating marketing and production activites |
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Term
normally a decrease in the price of a product will cause... |
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Definition
an increase in the quantity demanded of the product |
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Term
which of the following is an element of the promotional mix
a. advertising
b. personal selling
c. public relations
d. sales promotion
e. all of the above |
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Definition
all the above
advertising
personal selling
public relations
sales promotion |
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Term
in a database, which attributes would make the best primary key?
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Definition
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Term
capsim foundation, when scheduling the number of products you want produced each year you will enter the data... |
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Definition
in the production schedule cell of the production spreedsheet |
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Term
capsim foundation, the perceptual map shows |
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Definition
the acceptable areas to the consumer concerning the size of the product and its performance |
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Term
capsim foundation, the promtion budget affects... |
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Definition
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Term
which of the following is NOT a characteristic of valuable information
a. timeliness
b. accuracy
c. flexibility
d. complexity |
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Definition
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Term
when stouffer's decided to sell its french bread pizza in convenience stores, supermarkets, and vending machines, it was involved with determining ___ strategy |
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Definition
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Term
__ is a flexible manufacturing technique in which mass-market goods and services are tailored to the unique needs of the individuals who buy them |
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Definition
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Term
the blackboard system that is used at the uofa is a good example of a |
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Definition
enterprise resource system |
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Term
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Definition
resources owned/controlled by an organization |
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Term
the securities and exchange commission (SEC) is responsible for overseeing |
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Definition
external financial reporting by publicly traded companies |
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Term
which of the following most typifies a record
a. mary hones, jim smith, horace james
b. horage james, 820 union blvd., modesto, ca
c. name, address, city, state
d. part number 1 |
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Definition
horage james, 820 union blvd., modesto, ca |
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Term
human resources management is the process of... |
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Definition
hiring, developing, motivating, and evaluating employees to achieve organizational goals |
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Term
reliance computers received a bank loan of $25,000. which of the following statements is true?
a. the cash account would increase by $25,000
b. liabilities would increae by $25,000
c. the bank loan was a financing activity
d. all of the above are true |
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Definition
all of the above are true
the cash account would increase by $25,000
liabilities would increae by $25,000
the bank loan was a financing activity
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Term
what are the 2 main types of external equity financing for a typical corporation |
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Definition
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Term
the interrelated elements of the information system include all of the following except
a. input
b. processing
c. output
d. resource planning |
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Definition
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Term
in a relational database, the customer record contains information regarding the customer's last name, the last name is a ... |
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Definition
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Term
a strategy of charging a high introductory price for a new product that invities eventual competition is called price... |
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Definition
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Term
which of the following is used to uniquely distinguish records so that they can be accessed, organized, and manupulated
a. character
b. attribute/field
c. primary key
d. entity/record |
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Definition
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Term
inventory of $900 was purchased on credit. proper entry to record this event in the accounting system would... |
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Definition
increase total assets, and increase total liabilities |
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Term
which one of the following well known national comapnies is PRIMARILY a merchandising retailing firm
a. dell computers
b. first USA bank
c. home depot
d. harley davidson |
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Definition
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Term
which financial statement reports the financial position of a firm at a specific point in time |
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Definition
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Term
what will affect a company's contributed capital |
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Definition
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Term
the primary reason most owners invest in business is in order to |
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Definition
receive a return on their investments from profits earned by the business |
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Term
__ assets are cash or other resources expected to be converted to cash or consumed during the next fiscal year |
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Definition
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Term
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Definition
refers to the cusomer's feeling that a product has met or exceeded expectations |
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Term
expenses resuly when a business |
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Definition
consumes resources during the sale of goods |
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Term
primary purpose of accounting is to... |
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Definition
help people make decisions about economic activities |
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Term
capsim foundation, the primary buying criteria for each segment is... |
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Definition
price for low tech and positioning for high tech |
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Term
goal fo inventory managment is to.... |
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Definition
minimize the costs and maintain accurate levels of inventory |
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Term
operating expenses should be reported on the icome statement after |
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Definition
cost of goods sold and before earnings per share |
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Term
capsim foundation, MTBF measures what |
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Definition
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