Archives: Quiz

(Henslin 12e Test Bank) (3—1) Henslin, Essentials of Sociology, 12th Edition, Test Bank Chapter 3: Socialization Multiple-Choice Questions TB_Q3.1.1 According to reports of _____ children, they walked on all fours, growled, and showed no sensitivity to cold. a. prehistoric b. […]

22) On January 1, 2011, Nadir Company issued $1,000,000 of 6%, 20-year bonds when the market rate of interest was 5%. The bonds pay interest annually on December 31. These bonds sold at a _____ because the market rate of […]

(Henslin 12e Test Bank) (2—1) Henslin, Essentials of Sociology, 12th Edition, Test Bank Chapter 2: Culture Multiple-Choice Questions TB_Q2.1.1 The language, beliefs, values, norms, and behaviors passed from one generation to the next make up a group’s a. identity. b. […]

22) Gary’s Gadgets prepared the following preliminary balance sheet a few days before its December 31 yearend: Gary’s Gadgets Preliminary Balance Sheet December 27, 2011 Cash $ 6,000 Accounts payable $ 2,500 Accounts receivable 3,000 Inventory 2,000 Common stock 1,000 […]

b. population c. survey d. experiment TB_Q.1.7.32 The ________ is made up of the individuals intended to represent the population to be studied. a. sample b. control group c. respondent d. average Answer: a. sample Learning Objective: LO 1.7 Know […]

5) On OCTOBER 31, 2011, Bondable, Inc. issued $20,000 of 10-year, 6% bonds at 100. The bonds pay interest ANNUALLY on October 31. On its income statement for the year ended DECEMBER 31, 2011, the year the bonds were issued, […]

Henslin, Essentials of Sociology, 12th Edition, Test Bank Chapter 1: The Sociological Perspective Multiple-Choice Questions TB_Q1.1.1 The _____ perspective emphasizes the social contexts in which people live. a. societal b. sociological c. natural sciences d. ethnocentric TB_Q1.1.2 A group of […]

question(s): COMPANY Price Coupon % MATURITY Current Yield Fitch Ratings IBM 109.62 5.050 22-Oct-2012 4.067 A Ford MTR 58.00 7.700 15-May-2097 13.276 CCC 60) Refer to the information above. Will IBM’s annual interest expense be higher or lower than the […]

43) On May 1, 2009, DS Company borrowed $50,000 at 7% to buy a machine. The loan will be repaid in equal annual payments at the end of each of the next 5 years, beginning May 1, 2010. Part A: […]

Answer: Part A: Shareholders’ equity Assets Liabilities CC Retained earnings 1 100,000 AR (60,000) Inventory 100,000 Sales (60,000) COGS 2 6,000 Estimated warranty liability (6,000) Warranty expense 3 (4,000) Cash (4,000) Estimated warranty liability Part B: Amount Financial Statement 1. […]

1) How are liabilities classified on the balance sheet? A) paid and unpaid B) current and long-term C) current and unfunded D) definitely determinable and estimated 2) Current liabilities are liabilities that ________. A) must be satisfied within two years […]

19) Team instructions: Divide the class into teams of three or four people. Give the students time in class to answer the following questions. Students need access to both the Team Shirts, financial statements and the transactions to be able […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 16 1) The plural of “son-in-law” is “sons-in-law,” but the possessive is “son-in-law’s.” A) True B) False 2) The pronoun “who” is in the nominative case; the […]

38) On January 1, 2011, XYZ Company bought a new, $2,000,000 mainframe computer. Because of rapid changes in technology and XYZ’s plans for growth, the computer has only a five-year useful life and no salvage value. The chief financial officer […]

13 B) during the question-and-answer stage. C) during the final minutes of the interview. D) after the candidate has left. 61) The longest phase of a job interview is __________________ A) the warm-up. B) the question-and-answer stage. C) the close. […]

23) On January 1, 2011, Tiler Company purchased equipment that cost $30,000. The equipment has an estimated useful life of 6 years and an estimated salvage value of $3,000. Required: 1. Using the straight-line method, complete the chart below: Year […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 16 1) Most employers interview an applicant two or three times before deciding whether to offer a person a job. A) True B) False Answer: A Difficulty: 0 […]

13) On January 1 2010, Max, Inc. paid $80,000 for a truck with an estimated useful life of 10 years and a $20,000 salvage value. During 2013, Max, Inc.’s truck was not running very well. Part A: Put an X […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 15 1) Your career probably won’t be as stable as careers were in your parents’ generation. A) True B) False 2) Employers do not struggle with the […]

48) On January 1, 2011, the Peninsula Paper Company purchased manufacturing equipment for $600,000. The equipment has a 4-year estimated useful life and a salvage value of $22,500. The company expects to use the equipment for 275,000 hours. Actual hours […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 14 1) The three-step oral presentation process is quite similar to the three-step writing process. A) True B) False Answer: B Difficulty: 0 Type: TF Page Reference: 485-486 […]

1) Depreciation is ________. A) the loss in market value of an asset B) the allocation of a long-term asset’s cost to an expense account over the asset’s life C) an increase in an asset’s value over time or usage […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 13 1) With the advent of sophisticated computer tools for producing reports, more and more employees are turning over the production of their reports to a special department […]

Part D: Part E: Part F: 1. 38.75%; 2. Increases in cost of the goods and decreases in price may explain a decrease in the gross profit ratio; 3. 2.5 times; 4. No; 5. 0.8 to 1.0; 6. a) lower, […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 12 1) Communicating with people in other cultures often calls for more formality. A) True B) False 2) If a short proposal is directed toward an audience […]

14) At December 31, Payless, Inc. reported inventory on the balance sheet at its cost of $200,000. However, the market value of the inventory at that date was $190,000. Put an X in the appropriate box to show the effect […]

A) choose one search engine and stick with it. B) use web directories, online databases, and metasearch engines. C) use long search phrases rather than short ones or single terms. D) avoid Boolean operators. Answer: B Difficulty: 0 Type: MC […]

61) Match the statements below with the appropriate cost flow method. Some methods may be used more than once and others may not be used at all. F = FIFO L = LIFO W = Weighted average method S = […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 11 1) Business reports help companies make decisions and solve problems. A) True B) False 2) Analytical reports are primarily intended to educate readers. A) True B) […]

28) Mighty Ducks, Inc.’s inventory activity in October 2011 was as follows: Inventory, October 1 11 units @ $8 each Purchase, October 12 22 units @ $11 each Sale, October 25 23 units @ $24 each Which of the following […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 10 1) Persuasion can be defined as asking somebody to do something. A) True B) False 2) Psychographics and demographics are strongly influenced by culture. A) True […]

77) Idaho Company made the following purchases during the month of October. October 6 Purchased $15,000 of merchandise, terms 2/10, n/30, FOB destination, freight cost $100 October 14 Purchased $12,000 of merchandise, terms 2/15, n/60, FOB shipping point, freight cost […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Appendix B 1) Always use APA style for documentation in your reports, even if your employer or client normally uses a different form. A) True B) False Answer: B […]

1) The operating cycle for a merchandising firm is ________. A) obtain cash from stockholders, invest cash in equipment, earn more cash B) borrow cash from lenders, earn cash from customers, repay lenders C) start with cash, buy inventory, sell […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Appendix A 1) The design for letterhead stationery should be as simple as possible. A) True B) False 2) To make a document look personal and interesting, vary […]

16) Part A: Enter the March transactions and adjustments in the accounting equation below. 1. March 1 Collected $6,000 of its accounts receivable from February sales. 2. March 1 Tim’s Tams paid $1,000 for two months’ rent beginning March 1. […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 9 1) Experts advise that bad news for employees be delivered in person whenever possible. A) True B) False 2) When delivering bad news, you have only […]

13) Airing & Spelling, Inc. began operations on January 1, 2011. The following amounts were obtained from its information system on December 31, 2011. These amounts are before any year-end adjustments have been made: 1. Accounts receivable $10,000 12. Interest […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 8 1) Whenever you can assume that your audience will be interested in what you have to say or be willing to cooperate with you, use the direct […]

Answer: Part A: Assets Liabilities Shareholders’ equity CC Retained earnings 1 (1,000) Prepaid insurance (1,000) Insurance expense 2 +3,200 Unearned revenue (3,200) Rental income 3 +1,250 Salaries payable (1,250) Salaries expense 4 +300 Inventory + 300 Accounts payable 5 + […]

1 Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 7 1) Video podcasts are often called vidcasts or vodcasts. A) True B) False 2) Your email will be more effective if you email a complaint straight […]

policy that covers all of its drilling equipment around the world. The company recorded the purchase as prepaid insurance. Complete the chart below: Cash Paid Insurance Expense Prepaid Insurance Year ended Dec. 31, 2009 $ $ $ Year ended Dec. […]

Balance Sheet and Statement of Cash Flows 5 – 21 96. Huge Cart Inc. gives you the following information pertaining to the year 2014. Net sales $850,000 Cost of goods sold 500,000 Current assets 500,000 Current liabilities 250,000 Average total […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 6 1) When completing a business message, you should evaluate content, organization, style and tone, review for readability, edit for clarity, and edit for conciseness. A) True B) […]

75) Enoch, Inc. began operations on July 1, 2011. On August 1, it received $12,000 in advance for services to be performed evenly over the next 12 months. How much of this revenue should the company report on its income […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 5 1) When preparing your first draft, you are not concerned about style or tone. A) True B) False Answer: B Difficulty: 0 Type: TF Page Reference: 132 […]

7) Hen House, Inc. collects all subscription revenue in advance. At December 31, 2011, the company owed $50,000 to customers for unearned revenue. During 2012, the company received $150,000 in advance from its customers and delivered $190,000 of magazines to […]

Answer: D Type: MC Page Reference: 91 61) You’ll need more words to build a consensus about a complex and controversial subject, especially if the members of your audience are ___________ A) elderly. B) young. C) pleased. D) skeptical. Answer: […]

1) The revenue recognition principle requires that revenue be recognized in the accounting records ________. A) when cash is received B) when it is earned C) at the end of the accounting period D) in the period the income taxes […]

Test Item File for Excellence in Business Communication, Fourth Canadian Edition Chapter 4 1) The writing process includes three major phases: planning, writing, and completing. A) True B) False Answer: A Difficulty: 0 Type: TF Page Reference: 89 2) During […]