Archives: Quiz

Accounting Chapter 2 2 The Term Gross Margin For Manufacturing

Accounting Chapter 2 2 The Term Gross Margin For Manufacturing

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 4 1 Phil Working Financial Plan For The Next

Finance Chapter 4 1 Phil Working Financial Plan For The Next

Chapter 04 Long-Term Financial Planning and Growth Multiple Choice Questions 1. Phil is working on a financial plan for the next three years. This time period is referred to as which one of the following? AACSB: Analytic Blooms: Understand Difficulty: […]

14 Pages | May 25, 2022
Accounting Chapter 2 1 Which The Following Best Distinguishes Opportunity

Accounting Chapter 2 1 Which The Following Best Distinguishes Opportunity

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 3 7 Canine Supply Has Sales 2200 Total

Finance Chapter 3 7 Canine Supply Has Sales 2200 Total

101. Canine Supply has sales of $2,200, total assets of $1,400, and a debt-equity ratio of 0.5. Its return on equity is 15 percent. What is the net income? AACSB: Analytic Blooms: Apply Difficulty: 2 Medium EOC: 3-18 Learning Objective: […]

9 Pages | May 25, 2022
Accounting Chapter 1 6 Levis Strauss And Co Maker Levis

Accounting Chapter 1 6 Levis Strauss And Co Maker Levis

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

9 Pages | May 25, 2022
Finance Chapter 3 6 Lumber Has Earnings Per Share 121

Finance Chapter 3 6 Lumber Has Earnings Per Share 121

AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 03-01 How to standardize financial statements for comparison purposes. Section: 3.1 Topic: Statement of cash flows 87. BL Lumber has earnings per share of $1.21. The firm’s earnings have been increasing […]

9 Pages | May 25, 2022
Accounting Chapter 1 5 Restaurant Deciding Whether Wants Update Its

Accounting Chapter 1 5 Restaurant Deciding Whether Wants Update Its

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

9 Pages | May 25, 2022
Finance Chapter 3 5 What The Amount The Dividends Paid

Finance Chapter 3 5 What The Amount The Dividends Paid

AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 03-02 How to compute and; more importantly; interpret some common ratios. Section: 3.3 Topic: Profitability ratios E. 20.14 percent Return on equity = $42,500/($140,000 + $131,800) = 15.64 percent 77. What […]

14 Pages | May 25, 2022
Accounting Chapter 1 4 Cost Accounting Integral Part The

Accounting Chapter 1 4 Cost Accounting Integral Part The

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 3 4 The Meat Market Has 747000 Sales

Finance Chapter 3 4 The Meat Market Has 747000 Sales

62. A firm has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars worth of sales are generated from every $1 in total assets? AACSB: Analytic Blooms: Apply […]

14 Pages | May 25, 2022
Accounting Chapter 1 3 Financial Accounting Provides Historical Perspective While

Accounting Chapter 1 3 Financial Accounting Provides Historical Perspective While

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 3 3 Firm Currently Has 600 Debt For

Finance Chapter 3 3 Firm Currently Has 600 Debt For

42. A firm currently has $600 in debt for every $1,000 in equity. Assume the firm uses some of its cash to decrease its debt while maintaining its current equity and net income. Which one of the following will decrease […]

14 Pages | May 25, 2022
Accounting Chapter 1 2 The Field Accounting That Depends Generally

Accounting Chapter 1 2 The Field Accounting That Depends Generally

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 3 2 Supplier Who Requires Payment Within Ten

Finance Chapter 3 2 Supplier Who Requires Payment Within Ten

22. A supplier, who requires payment within ten days, should be most concerned with which one of the following ratios when granting credit? AACSB: Analytic Blooms: Understand Difficulty: 1 Easy Learning Objective: 03-02 How to compute and; more importantly; interpret […]

14 Pages | May 25, 2022
Accounting Chapter 1 1 The Set Activities That Transforms Raw

Accounting Chapter 1 1 The Set Activities That Transforms Raw

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole […]

14 Pages | May 25, 2022
Finance Chapter 3 1 Activities Firm Which Require The Spending Cash

Finance Chapter 3 1 Activities Firm Which Require The Spending Cash

Chapter 03 Working with Financial Statements Multiple Choice Questions 1. Activities of a firm which require the spending of cash are known as: AACSB: Analytic Blooms: Understand Difficulty: 1 Easy Learning Objective: 03-01 How to standardize financial statements for comparison […]

14 Pages | May 25, 2022
Finance Chapter 2 6 The 2010 Balance Sheet Global Tours

Finance Chapter 2 6 The 2010 Balance Sheet Global Tours

89. The Blue Bonnet’s 2010 balance sheet showed net fixed assets of $2.2 million, and the 2011 balance sheet showed net fixed assets of $2.6 million. The company’s income statement showed a depreciation expense of $900,000. What was the amount […]

9 Pages | May 25, 2022
Finance Chapter 2 5 What The Net Capital Spending For

Finance Chapter 2 5 What The Net Capital Spending For

77. What is the net capital spending for 2011? A. $117 B. $239 C. $257 D. $338 E. $421 Net capital spending = $4,123 – $4,006 + $122 = $239 AACSB: Analytic Blooms: Apply Difficulty: 1 Easy Learning Objective: 02-04 […]

9 Pages | May 25, 2022
Finance Chapter 2 4 What The Change The Net Working

Finance Chapter 2 4 What The Change The Net Working

65. The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and interest paid was $2,480. A net total of $2,620 was paid on long– term debt. The firm spent $24,000 on fixed assets and decreased net working […]

14 Pages | May 25, 2022
Finance Chapter 2 3 Positive Cash Flow Stockholders Indicates Which

Finance Chapter 2 3 Positive Cash Flow Stockholders Indicates Which

45. A positive cash flow to stockholders indicates which one of the following with certainty? AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-04 How to determine a firm’s cash flow from its financial statements. Section: 2.4 Topic: Cash […]

14 Pages | May 25, 2022
Finance Chapter 2 2 Shareholders Equity Increases Value Anytime Total

Finance Chapter 2 2 Shareholders Equity Increases Value Anytime Total

23. Shareholders’ equity: AACSB: Analytic Blooms: Remember Difficulty: 1 Easy Learning Objective: 02-01 The difference between accounting value (or “book” value) and market value. Section: 2.1 Topic: Shareholders’ equity 24. The higher the degree of financial leverage employed by a […]

14 Pages | May 24, 2022
Finance Chapter 2 1 Which One The Following The Financial Statement

Finance Chapter 2 1 Which One The Following The Financial Statement

Chapter 02 Financial Statements, Taxes, and Cash Flow Multiple Choice Questions 1. Which one of the following is the financial statement that shows the accounting value of a firm’s equity as of a particular date? AACSB: Analytic Blooms: Remember Difficulty: […]

14 Pages | May 24, 2022
Finance Chapter 1 4 Public Offerings Debt And Equity Must

Finance Chapter 1 4 Public Offerings Debt And Equity Must

58. Public offerings of debt and equity must be registered with which one of the following? AACSB: Analytic Blooms: Understand Difficulty: 1 Easy Learning Objective: 01-03 The financial implications of the different forms of business organization. Section: 1.5 Topic: SEC […]

9 Pages | May 24, 2022
Finance Chapter 1 3 Which One The Following Unintended Result

Finance Chapter 1 3 Which One The Following Unintended Result

42. Which one of the following is an unintended result of the Sarbanes-Oxley Act? AACSB: Ethics Blooms: Understand Difficulty: 1 Easy Learning Objective: 01-04 The conflicts of interest that can arise between managers and owners. Section: 1.3 Topic: Sarbox A. […]

9 Pages | May 24, 2022
Finance Chapter 1 2 Which One The Following Statements Concerning

Finance Chapter 1 2 Which One The Following Statements Concerning

21. Which one of the following statements concerning a sole proprietorship is correct? AACSB: Analytic Blooms: Understand Difficulty: 1 Easy Learning Objective: 01-03 The financial implications of the different forms of business organization. Section: 1.2 Topic: Sole proprietorship A. The […]

14 Pages | May 24, 2022
Finance Chapter 1 1 A business owned by a solitary individual who has unlimited

Finance Chapter 1 1 A business owned by a solitary individual who has unlimited

Chapter 01 Introduction to Corporate Finance Chapter 01 Introduction to Corporate Finance Answer Key Multiple Choice Questions 1. Which one of the following terms is defined as the management of a firm’s long-term investments? A. working capital management B. financial […]

14 Pages | May 24, 2022
Chapter 16 Rigid Authoritarian System Operating Within Volatile

Chapter 16 Rigid Authoritarian System Operating Within Volatile

429 (T, easy, p. 423-424) Chapter 16 The Challenge and the Future for Organizations TEST QUESTIONS True/False Questions 1. Two criteria that an OD practitioner has for judging effectiveness: (1) the client’s ability to maintain system wide innovation and (2) […]

8 Pages | May 24, 2022
Chapter 15 The Biggest Stumbling Block The Path

Chapter 15 The Biggest Stumbling Block The Path

1 (F, easy, p. 403-404) Chapter 15 Organization Transformation and Strategic Change TEST QUESTIONS True/False Questions 1. Organizational transformation refers to drastic changes in how an organization functions and relates to its environment. (T, easy, p. 398) 2. Organization development […]

9 Pages | May 24, 2022
Chapter 14 Systemwide Intervention Examines The Organizational

Chapter 14 Systemwide Intervention Examines The Organizational

411 (F, easy, p. 379) Chapter 14 High-Performing Systems and the Learning Organization TEST QUESTIONS True/False Questions 1. Today’s managers can aim for success in a relatively stable and predictable environment. (F, easy, p. 373-374) 2. Organizations inevitably change because […]

8 Pages | May 24, 2022
Chapter 13 The Trend Many Profit And Not for profit

Chapter 13 The Trend Many Profit And Not for profit

401 Chapter 13 Work Team Development TEST QUESTIONS True/False Questions 1. The trend in organizations is for more of the decision-making authority to be pushed down to the lowest levels in the organizations where people are most aware of the […]

9 Pages | May 24, 2022
Chapter 12 The Goalsetting Process Program Typically

Chapter 12 The Goalsetting Process Program Typically

1 Chapter 12 Goal Setting for Effective Organizations TEST QUESTIONS True/False Questions 1. The goal-setting process in an OD program typically takes place on an individual basis before the work team is involved in goal setting. 2. Some OD practitioners […]

9 Pages | May 24, 2022
Chapter 11 Complex Organizations Tend Create Situation

Chapter 11 Complex Organizations Tend Create Situation

379 (T, easy, p. 299) Chapter 11 Intergroup Development TEST QUESTIONS True/False Questions 1. Complex organizations tend to create situations of independence where the performance of one group is not dependent upon another group. (F, easy, p. 294) 2. Coordination […]

9 Pages | May 24, 2022
Chapter 10 Group Individuals Depending Each Other For

Chapter 10 Group Individuals Depending Each Other For

Chapter 10 Team Development Interventions TEST QUESTIONS True/False Questions 1. Basketball is more of a team sport than baseball because each basketball player is likely to be physically close to and contact any of their own players. In baseball, however, […]

9 Pages | May 24, 2022
Chapter 09 Underlying Assumption The Development The Individual

Chapter 09 Underlying Assumption The Development The Individual

Chapter 9 Employee Empowerment and Interpersonal Interventions TEST QUESTIONS True/False Questions 1. An underlying assumption in most OD programs is that as the individual becomes more effective, the greater the probability that he or she will be promoted to higher […]

9 Pages | May 24, 2022
Chapter 08 Process Interventions Can Best Defined

Chapter 08 Process Interventions Can Best Defined

347 (T, easy, p. 202) Chapter 8 Process Intervention Skills TEST QUESTIONS True/False Questions 1. A new role of a manager will include having the ability to help the team become better aware of how it operates. (T, easy, p. […]

8 Pages | May 24, 2022
Chapter 07 The Diagnostic Phase Program Leads

Chapter 07 The Diagnostic Phase Program Leads

339 (T, easy, p. 178) Chapter 7 OD Intervention Strategies TEST QUESTIONS True/False Questions 1. After problem areas are diagnosed, a strategy for change can be determined. (T, easy, p. 175) 2. Intervention strategies involve the planning for specific means […]

8 Pages | May 24, 2022
Chapter 06 The Problem Most Likely Arise Implementing

Chapter 06 The Problem Most Likely Arise Implementing

327 Chapter 6 Overcoming Resistance to Change TEST QUESTIONS True/False Questions 1. Resistance to change in an organization may be overt or covert. 2. It is not unusual to find during the third phase of a life cycle of resistance […]

9 Pages | May 24, 2022
Chapter 05 Systematic Approach Understanding And Describing The

Chapter 05 Systematic Approach Understanding And Describing The

315 (F, moderate, p. 121) Chapter 5 The Diagnostic Process TEST QUESTIONS True/False Questions 1. Organization diagnosis is a critical element in the OD process as it identifies the specific interventions that the organization will undertake. (F, moderate, p. 116-118) […]

9 Pages | May 24, 2022
Chapter 04 The Phrase Firefighting Used Describe Which

Chapter 04 The Phrase Firefighting Used Describe Which

303 Chapter 4 Role and Style of the OD Practitioner TEST QUESTIONS True/False Questions 1. The OD practitioner must deal reactively with changing competitive forces. 2. External practitioners have greater freedom of operation than internal practitioners. (T, easy, p. 89) […]

9 Pages | May 24, 2022
Chapter 03 Which The Following Best Typifies The

Chapter 03 Which The Following Best Typifies The

295 Chapter 3 Changing the Culture TEST QUESTIONS True/False Questions 1. In an environment of rapid change, a static culture provides the stability for future effectiveness. 2. Top management shows support for cultural change primarily in its written letters, memos, […]

8 Pages | May 24, 2022
Chapter 02 The Ongoing Process Building Innovation And

Chapter 02 The Ongoing Process Building Innovation And

Chapter 2 Organization Renewal: The Challenge of Change TEST QUESTIONS True/False Questions 1. Organization renewal requires that top managers make adaptive changes to the environment. 2. Stability is both a necessity and an obstruction to change. (T, moderate, p. 34) […]

9 Pages | May 24, 2022
Chapter 01 Which The Following Are One The

Chapter 01 Which The Following Are One The

Chapter 1 Organization Development and Reinventing the Organization TEST QUESTIONS True/False Questions 1. The increasing rate of change in a company’s external environment is one reason for the utilization of organization development. 2. Organizations are considered static systems. (F, easy, […]

9 Pages | May 24, 2022
Chapter 12 3 The Following Table Describes Certain Financial

Chapter 12 3 The Following Table Describes Certain Financial

33 Answer: B Diff: 2 Objective: L.O. 12–4 Current Liabilities: Accounts Payable $ 75 $ 45 Accrued Wages Payable 29 10 Accrued Income Taxes Payable 16 12 Accrued Interest Payable 9 9 Unearned Sales Revenue — 5 Current Portion of […]

9 Pages | May 20, 2022
Chapter 12 2 State Whether The Following Ratios Are

Chapter 12 2 State Whether The Following Ratios Are

21 Answer: E Diff: 2 Objective: L.O. 12–3 Current Liabilities: Accounts Payable $ 50 $ 30 $ 20 Wages Payable 20 10 5 Taxes Payable 10 5 15 Current Long–Term Debt 10 15 5 Total Current Liabilities $ 90 $ […]

9 Pages | May 20, 2022
Chapter 12 1 trend analysis and common-size financial statements are important 

Chapter 12 1 trend analysis and common-size financial statements are important 

1 Answer: C Diff: 2 Objective: L.O. 12–1 Introduction to Financial Accounting, 10e (Horngren) Chapter 12 Financial Statement Analysis Learning Objective 12.1 Questions 12.1-1) In addition to annual reports, financial information regarding a company can come from all of the […]

14 Pages | May 20, 2022
Chapter 11 2 prepare journal entries for gateway investment group for the

Chapter 11 2 prepare journal entries for gateway investment group for the

20 11.4-11) Under the market method, the investment in another company’s stock is recorded at acquisition cost and is adjusted for the investor’s share of dividends and for any earnings or losses experienced by the investee after the date of […]

13 Pages | May 20, 2022
Chapter 11 1 Income Statement For Best Kayak Company Other

Chapter 11 1 Income Statement For Best Kayak Company Other

1 Answer: A Diff: 1 Objective: L.O. 11–1 Introduction to Financial Accounting, 10e (Horngren) Chapter 11 Intercorporate Investments and Consolidations Learning Objective 11.1 Questions 11.1-1) If an investment is to be held only for a short time, it should be […]

13 Pages | May 20, 2022
Chapter 10 3  Referring to Table 10-6, if Plating General were to resell all

Chapter 10 3  Referring to Table 10-6, if Plating General were to resell all

33 Answer: D Diff: 1 Objective: L.O. 10–6 10.6-3) Referring to Table 10–6, if Plating General were to resell all its treasury stock at $18 per share, what journal entry would Plating General make? A) Cash 54,000 Additional Paid–in Capital […]

9 Pages | May 20, 2022
Chapter 10 2 Peter’s House of Flowers has decided to split its common stock

Chapter 10 2 Peter’s House of Flowers has decided to split its common stock

21 10.4-7) Peter’s House of Flowers has decided to split its common stock two–for–one, but is unsure whether they would like to reduce or retain the par value of the common stock. Currently, Peter’s House of Flowers has 10,000 shares […]

9 Pages | May 20, 2022
Chapter 10 1 creditors of the corporation have claims on only the assets

Chapter 10 1 creditors of the corporation have claims on only the assets

1 Answer: E Diff: 2 Objective: L.O. 10–1 Introduction to Financial Accounting, 10e (Horngren) Chapter 10 Stockholders’ Equity Learning Objective 10.1 Questions 10.1-1) By using ________, shareholders may express (vote) their preference without traveling to the site of the annual […]

14 Pages | May 20, 2022