Archives: Quiz
Management Chapter 4 4 Perry Black Has Convinced Top Management
135. Perry Black has convinced top management at his company that they can use data– mining techniques to develop new marketing strategies. One of the keys to the success of Perry’s suggestion is: A. obtaining a powerful mainframe computer that […]
Management Chapter 4 4 The Environmental Protection Agency Example An
164. The Environmental Protection Agency is an example of a(n): A. common law agency. B. statutory judicial agency. C. private placement agency. D. administrative agency. An administrative agency is an institution created by Congress with delegated power to pass rules […]
Management Chapter 4 4 Insurance Provides Benefits The Survivors
115. __________ insurance provides benefits to the survivors of workers who die as a result of work-related injuries. A. Health B. Professional liability C. Workers’ compensation D. Malpractice AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: C-04 Discuss […]
Management Chapter 3 9 Students Think About Career The Business
340. As students think about a career in the business world today, which of the following is a good strategic suggestion? A. Study a foreign language. B. Secure a job with a large multinational corporation. C. Stay away from franchising […]
Management Chapter 3 8 The Purpose The General Agreement Tariffs
311. The purpose of the General Agreement on Tariffs and Trade (GATT) is to: A. facilitate global trade. B. create common market arrangements in specific geographical regions. C. negotiate an end to civil wars. D. establish a set of international […]
Management Chapter 3 7 The Exchange Merchandise Services For
275. __________ is the exchange of merchandise or services for other merchandise or services without the exchange of money. A. Exporting B. Bartering C. Importing D. Factoring AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 03-04 Evaluate the […]
Management Chapter 3 6 When Company’s Strategy The Firm
240. When a company’s strategy is ________, the firm makes arrangements for a foreign manufacturer to produce the product. The domestic company’s label and/or trademark are attached to the completed product. A. franchising B. contract manufacturing C. import sourcing D. […]
Management Chapter 3 5 China Has Approximately 95 The Worlds
203. China has approximately 95% of the world’s Neodymium, a rare earth metal used in consumer and military electronics and contemporary technology. The fact that this is a necessary metal for the production of many products we use today—everything from […]
Management Chapter 3 4 Market For Us Exports China Represents
162. The nation of New Maraguay has a small commercial airplane industry that is struggling to keep up with the two large international commercial airplane manufacturers. The other nations in its trading bloc have agreed on an import quota on […]
Economics Chapter 6d 3 Any person without a job is considered to be unemployed
Chapter 06 – An Introduction to Macroeconomics 80. Nominal GDP measures a nation’s output in current year prices. TRUE AACSB: Analytic Bloom’s: Level 1 Remember Difficulty: 1 Easy Learning Objective: 06-02 Explain why economists focus on GDP; inflation; and unemployment […]
Management Chapter 3 3 Idle Time Gaming Inc Needed Silicon
110. Devaluation refers to a decline in the value of a nation’s currency relative to other currencies. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 03-04 Evaluate the forces that affect trading in global markets. Level of […]
Management Chapter 3 2 The Tsingtao Brewing Company Pays Fee
56. Through licensing, domestic firms give foreign manufacturers/producers the right to produce their product and use their trademark in exchange for royalties. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 03-03 Illustrate the strategies used in reaching […]
Management Chapter 3 1 Example Us Import Would The Purchase
1. Today, over 90% of the companies doing business globally believe it is important for their employees to have experience working in other countries. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 03-01 Discuss the importance of […]
Management Chapter 3 3 Individual Retirement Account Ira Tax deferred Investment
110. Funds deposited into an IRA cannot be withdrawn until you retire. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: D-04 Outline a strategy for retiring with enough money to last a lifetime. Level of Difficulty: 1 […]
Management Chapter 3 3 The 1970s Business Technology Was Known
104. In the 1970s, business technology was known as: A. data processing. B. information processing. C. information technology. D. systems analysis. AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: B-01 Outline the changing role of business technology. Level […]
Management Chapter 3 3 The Branch The Government Responsible For
114. The Nutrition Labeling and Education Act of 1990 requires truthful and uniform nutritional labeling on all food the FDA regulates. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: A-06 Summarize several laws that regulate competition and […]
Management Chapter 3 3 Nancy Owns High fashion Boutique And One
101. Nancy owns a high-fashion boutique and one source of competitive advantage in the past has been her ability to spot the latest trends, stock the store with those items, and sell out before the next new trend becomes popular. […]
Management Chapter 2 8 The Federal Reserve Bank Operates Semiprivate
292. The Federal Reserve Bank operates: A. as a semi-private organization not under the direct control of the government. B. under the direct control of the executive branch of the government. C. under the direction of the Banking Oversight Committee […]
Management Chapter 2 7 the next wave of marketable innovations may involve
262. The _________ is a statistic used to compute the pace of inflation or deflation. A. consumer price index B. gross domestic product C. index of leading indicators D. index of inflationary trends AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: […]
Management Chapter 2 6 Brain Drain Has Occurred Many Socialistic
229. Brain drain has occurred in many socialistic nations because: A. socialism encourages an unequal distribution of income, leaving many without medical and social services. B. the government does little to protect the natural environment. C. workers tend to have […]
Management Chapter 2 5 The Freedom People Decide Where They
192. The freedom of people to decide where they want to work and live and what they want to buy or sell are basic capitalist rights under: A. eminent domain. B. freedom of expression. C. freedom of choice. D. freedom […]
Management Chapter 2 4 The Fed is concerned that the economy is growing too rapidly
157. A professor of economics at a prominent university recently urged government policy makers to cut taxes and increase government spending in order to pull the economy out of its current downturn. The policy measures called for by the professor […]
Management Chapter 2 3 Thus The Productivity Figures Are Unlikely Change
105. To be classified as unemployed, a person must be at least 16 years old and trying to find a job within the past four weeks. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 02-05 Describe the […]
Management Chapter 2 2 The Powerhouse Utility Company Recently Built
AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Understand Learning Objective: 02-02 Explain what capitalism is and how free markets work. Level of Difficulty: 2 Medium Topic: Economics and the Types of Economic Systems 58. Sarah owns a bakery that specializes […]
Management Chapter 2 1 population has leveled off and is not expected to increase dramatically in the future
1. America’s business success is largely due to an economic and social climate that allows businesses to operate freely. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 02-01 Explain basic economics. Level of Difficulty: 1 Easy Topic: […]
Management Chapter 2 2 Excessive debt is as much a problem of young consumers as it is of other age groups
57. Excessive debt is as much a problem of young consumers as it is of other age groups. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: D-02 Explain how to build a financial base; including investing in […]
Management Chapter 2 2 Workers Compensation Insurance Required All States
55. Cary owns a life insurance policy on her husband Jay through Mutual of Cincinnati Life Insurance Company. As a policyholder, she also owns part of the company. TRUE A mutual insurance company is owned by its policyholders. AACSB: Reflective […]
Management Chapter 2 2 Internal networking shares the resources of all computers with each networked computer
56. Enterprise portals have the ability to identify users and give them access to specific areas of an organization’s intranet depending on their relationship to the organization. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: B-03 Compare […]
Management Chapter 2 2 Remember learning Objective A05 List And Describe The
BonusA-21 Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. 59. Congratulations! You’ve just finished composing a song that will be the next big hit. Your next step is […]
Management Chapter 1 8 Businesses That Produce And Sell Tangible
AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-08 Review how past trends are being repeated in the present and what those trends mean for tomorrow’s college graduates. Level of Difficulty: 1 Easy Topic: The Evolution of Business […]
Management Chapter 1 7 Which The Following Statements Best Describes
AACSB: Knowledge Application Accessibility: Keyboard Navigation Blooms: Apply Learning Objective: 01-05 Demonstrate how businesses can meet and beat competition. Level of Difficulty: 3 Hard Topic: Competition 270. Which of the following statements best describes how firms must treat their frontline […]
Management Chapter 1 6 Employers Provide Tools And Technology For
234. Employers provide tools and technology for their employees in order to: A. increase the cost of production and profitability. B. improve their efficiency and productivity. C. reduce corruption in business and eliminate scandals. D. encourage the private ownership of […]
Management Chapter 1 5 The Resources That Contribute The Creation
200. The resources that contribute to the creation of wealth are known as ______. A. production coefficients B. factors of production C. production technologies D. production aggregates AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-02 Compare and […]
Management Chapter 1 4 Activity Which Seeks Earn Profit Providing
162. The transition from an agricultural economy to a manufacturing economy to a service- based economy has resulted in a serious increase in long-term unemployment. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-08 Review how past […]
Management Chapter 1 3 Demographic changes create new business opportunities
108. Empowerment means giving frontline workers the responsibility, authority, and freedom to respond quickly to customer requests. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-05 Demonstrate how businesses can meet and beat competition. Level of Difficulty: […]
Management Chapter 1 2 Corruption and illegal activities are expected in a capitalist system and can be beneficial
53. Business consultant Peter Drucker said that the most important factor of production is knowledge. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-02 Compare and contrast being an entrepreneur and working for others. Level of Difficulty: […]
Management Chapter 1 1 Businesses seek to earn a profit by providing goods and services to others.
1. Businesses provide goods, jobs, and services to others. TRUE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: 01-01 Describe the relationship between profit and risk; and show how businesses and nonprofit organizations can raise the standard of […]
Management Bonus D 1 The value of education is often exaggerated when searching for a good job
1. The value of education is often exaggerated when searching for a good job. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: D-01 Outline the six steps for controlling your assets. Level of Difficulty: 1 Easy Topic: […]
Management Bonus C 1 Risk management involves minimizing the losses from unexpected events
1. The management of risk is a small part of global business. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: C-01 Identify the environmental changes that have made risk management important. Level of Difficulty: 1 Easy Topic: […]
Management Bonus B 1 Data and information are two different names for essentially the same thing
1. Though the types of technology used by businesses have changed over the last several decades, the role of business technology has remained remarkably constant. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: B-01 Outline the changing […]
Management Bonus A 1 The U.S. court system is organized solely at the federal and state levels
1. The executive branch of the government is responsible for overseeing the legal system. FALSE AACSB: Reflective Thinking Accessibility: Keyboard Navigation Blooms: Remember Learning Objective: A-01 Define business law; distinguish between statutory and common law; and explain the role of […]
Finance Chapter 14 1 The European Central Bank that was created with the European Monetary Union has no control
Chapter 14 – Capital Markets 1. The European Central Bank issues bonds, notes, and bills denominated in the new Euro currency. TRUE Bloom’s: Remember Difficulty: Basic Learning Objective: 14-02 The primary participants raising funds in domestic capital markets are the […]
Finance Chapter 21 1 You have just signed off the audit report on the financial statements of
Answer: B Diff: 2 Type: MC Page Ref: 618 Learning Obj.: 21-1 Describe how assurance engagement general standards are different from and similar to audit standards © 2013 Pearson Canada Inc. 1 Answer: C Diff: 3 Type: MC Page Ref: […]
Finance Chapter 20 2 The least severe type of report for disclosing departures from an unqualified
© 2013 Pearson Canada Inc. 4) The auditor’s report of the Samcorp Company indicates that the auditor is unable to form an opinion on whether the financial statements of the company are fairly presented due to scope restrictions and unavailable […]
Finance Chapter 20 1 What is the auditor’s responsibility with respect to these accounting policies
© 2013 Pearson Canada Inc. Auditing, 12e (Arens) Chapter 20 Auditor Reporting 20.1 State the requirements for a standard unqualified audit report 1) The most common type of audit report contains A) an adverse opinion. B) a disclaimer of opinion. […]
Finance Chapter 19 2 Management has several responsibilities that are important to the auditor
© 2013 Pearson Canada Inc. 41) Discuss three audit procedures commonly used to search for contingent liabilities. Answer: (note that students’ answers will vary): • Inquire of management (orally and in writing) about the possibility of unrecorded contingencies. • Review […]
Finance Chapter 19 1 Which of the following is a required condition for a contingent liability to exist
© 2013 Pearson Canada Inc. Auditing, 12e (Arens) Chapter 19 Completing the Audit 19.1 Design and perform audit tests related to presentation and disclosure audit objectives 1) Which level of risk does the auditor normally assign to the presentation and […]
Finance Chapter 18 1 This means that the following audit assertion is a major audit concern
Answer: A Diff: 1 Type: MC Page Ref: 556 Learning Obj.: 18-1 Describe the four key characteristics of the capital acquisition and repayment cycle and the risks of fraud or error in the cycle © 2013 Pearson Canada Inc. 1 […]
Finance Chapter 17 1 The auditor evaluates the internal transfer of assets and related costs
© 2013 Pearson Canada Inc. Auditing, 12e (Arens) Chapter 17 Audit of the Inventory and Distribution Cycle 17.1 Describe the business functions, documents, and records of the inventory and distribution cycle 1) Obtaining an adequate understanding of the client’s business […]
Finance Chapter 17 2 When a physical count of inventory is permitted at an interim date
© 2013 Pearson Canada Inc. 4) The auditor has determined that the inventory procedures are highly automated, with limited use of a paper or physical trail. Rather than having people count inventory (since all inventory has RFID tags attached), inventory […]