Quality of hire measures ________.
A) the amount of money spent in hiring and training new employees
B) the level of productivity of employees in the probationary period
C) how closely incoming employees meet the company’s needs
D) the percentage of minority groups in a firm’s workforce
E) the percentage of the workforce that leaves every year
A ________ occurs when someone purchases a company’s publicly-traded stock
primarily by using borrowed funds, sometimes using the target company’s assets as
collateral for these loans.
A) leveraged buyout
B) hostile takeover
C) forced joint venture
D) consolidation
E) strategic alliance
With a zero-coupon bond, the ________.
A) purchaser buys the bond at a discount from the face value
B) full face value is not paid to the investor at maturity
C) investor receives interest on a regular basis
D) interest is paid immediately after a bond is purchased
E) purchaser buys a bond by paying exactly the face value
Benchmarking refers to ________.
A) comparing performance results between work groups in the organization
B) determining departmental standards of performance
C) establishing a timeline to determine efficiency
D) balancing process and performance data within the company
E) comparing process and performance data from other companies
A U.S. company issues bonds to generate money for expanding its business to China.
The company generates a sum of $50,000 in this fashion. This money is an example of
a(n) ________.
A) short-term finance
B) long-term liability
C) owners’ equity
D) accrued expense
E) payable account
Andy works as a junior accountant in a firm. He has a nice house, a good insurance
plan, a secure job, an affectionate family, and a close circle of friends. However, he is
always sidelined at work, and his contributions and initiatives go unrecognized. His
suggestions to improve the work environment are also overlooked. He feels that his
superiors at his firm do not respect him. He begins to feel unsatisfied and his
productivity reduces. Andy’s manager uses Maslow’s hierarchy, and identifies that Andy
is on ________ needs level.
A) physiological
B) safety
C) esteem
D) self-actualization
E) social
The advertising campaign for Fort Wayne, Indiana, is based on the slogan “Room for
Dreams.” The city uses this logo to attract businesses and visitors to the city; it also
encourages Fort Wayne businesses to incorporate “Room for Dreams” into their
marketing campaigns. This would be an example of ________ marketing.
A) cause-related
B) guerrilla
C) place
D) ambush
E) stealth
Public accountants are professionals who provide ________.
A) accounting services to businesses and individuals for a fee
B) accounting services to publically owned firms only
C) financial services to not-for-profit organizations
D) financial services without charging a fee for them
E) financial services to people who trade in the stock market
A rural hospital is trying to determine how many beds it should have in its emergency
room. This is an example of ________.
A) production scheduling
B) site selection
C) critical path analysis
D) capacity planning
E) systemic risk reduction
Unlike drop shippers, rack jobbers ________.
A) provide fewer services
B) perform services such as setting up displays in retail outlets
C) sell goods and services to individuals for their own personal use
D) customize solutions for customers
E) take title to the goods they distribute
Inflation is a major concern for consumers, businesses, and government leaders because
it ________.
A) is a precursor to recession
B) decreases the purchasing power of consumers
C) decreases the production costs
D) increases the demand for commodities
E) decreases the opportunity cost of holding cash balances
________ is a permanent forum for negotiating, implementing, and monitoring
international trade procedures and for mediating trade disputes among its more than 150
member countries.
A) International Monetary Fund
B) World Trade Organization
C) World Bank
D) European Union
E) International Labor Organization
Accounts receivable refers to ________.
A) the total of owner’s funds invested in a business
B) the total annual revenue of a company
C) amounts that a firm owes to other parties
D) the money owed to a firm by its customers
E) the total interest payments made by the firm
Island Woodworking is a small business owned by Robert M. Carrasco, who makes
handcrafted tables and rocking chairs from exotic woods. Robert employs three other
woodworkers to help him in creating custom-crafted furniture. Island Woodworking
would be described as what type of business?
A) goods-producing business
B) labor-intensive business
C) service business
D) merchandising business
E) not-for-profit organization
The exchange rate of Euro and Yen, in two consecutive years, against U.S. dollars is
given below:
Which of the following is a valid conclusion that you can derive from this information?
A) The U.S. dollar weakened against the Euro in 2011.
B) The U.S. dollar was stronger against the Euro in 2010.
C) The Euro has strengthened against the Yen in 2011.
D) The U.S. dollar weakened in 2011 against the Yen.
E) The U.S. dollar was weaker against the Yen in 2010.
Microeconomics is the study of ________.
A) the costs of production as a means of stimulating the economy and policies that raise
capital and labor output by increasing the incentive to produce
B) economic and financial data of the country by the application of mathematics and
statistics
C) the overall working of an economy in the society including its monetary and fiscal
policies
D) economic behavior among consumers, businesses, and industries that collectively
determine the quantity of goods and services demanded and supplied at different prices
E) a nation’s economic issues, such as the effect of government policies and the
ownership of factors of production
Which of the following acts outlaws payments that are intended to get government
officials to break the laws of their own countries or to secure “improper advantage” in
gaining or retaining sales?
A) Mustering-out Payment Act
B) Export-Import Bank Act
C) Foreign Corrupt Practices Act
D) Special Payment Act
E) Federal Corrupt Practices Act