Archives: Quiz
978-1337614689 Chapter 0 Part 1
4-1 Chapter 4—Profitability Analysis MULTIPLE CHOICE 1. One important difference between return on assets (ROA) and return on common shareholder’s equity (ROCE) is that: a. ROA does not differentiate based on how a company finances its assets; ROCE does. b. […]
978-1337614689 Chapter 14
14-1 Chapter 14—Valuation: Market-Based Approaches MULTIPLE CHOICE 1. Residual income is defined as: a. Difference between expected comprehensive income and required earnings by the firm b. Difference between comprehensive income and retained earnings c. Difference between comprehensive income and the […]
978-1337614689 Chapter 13
13-1 Chapter 13—Valuation: Earnings-Based Approaches MULTIPLE CHOICE 1. If an analyst expects a firm to generate net income each period exactly equal to required earnings, then the value of the firm will be: a. exactly equal to the book value […]
978-1337614689 Chapter 12 Part 2
12-13 Cash from investments (Increase) decrease in property & plant -31,536 -47,960 Acquisition (disposition) of subsidiaries or other business –702 –19 Increase (decrease) in marketable securities -18,825 380,737 Net cash provided by (used in) investing -51,063 332,758 Cash from financing […]
978-1337614689 Chapter 12 Part 1
12-1 Chapter 12—Valuation: Cash-Flow-Based Approaches MULTIPLE CHOICE 1. Which of the following is not a problem with using a dividend-based valuation formula? a. Dividends are arbitrarily established. b. Dividends represent a transfer of wealth to shareholders. c. Some firms do […]
978-1337614689 Chapter 11
11-1 Chapter 11—Risk-Adjusted Expected Rates of Return and the Dividends Valuation Approach MULTIPLE CHOICE 1. Which of the following is not a problem with using a dividend-based valuation formula? a. Dividends are arbitrarily established. b. Dividends represent a transfer of […]
978-1337614689 Chapter 10 Part 2
10–14 2012 $160,814,329 440,587 14 $6,168,221 PTS: 1 4. The following information about Douglas Corp.’s Accounts Receivable and Sales are presented below: Year 2012-Beginning Balance of A/R = $791M Year 2012 -Ending Balance of A/R = $807M Year 2012 – […]
978-1337614689 Chapter 10 Part 1
10-1 Chapter 10—Forecasting Financial Statements MULTIPLE CHOICE 1. The objective of forecasting is to develop: a. stand-alone financial statements for future analysis. b. a set of realistic expectations for future value-relevant payoffs. c. a balance sheet and income statement that […]
978-1337614689 Chapter 9 Part 2
9-18 a. Using the information provided for Global, prepare the company’s journal entry to record income taxes for 2012 and 2011. b. Using the information provided for Global, determine the company‘s effective tax rate for 2012 and 2011. ANS: a. […]
978-1337614689 Chapter 9 Part 1
9-1 Chapter 9—Operating Activities MULTIPLE CHOICE 1. The accumulated benefit obligation measures: a. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. b. an estimated total […]
978-1337614689 Chapter 8 Part 2
8-17 a. Internally generated intangible assets versus specifically identifiable intangible assets acquired from others b. Amortization and impairment testing ANS: Recommended answer: 1. Firms expense the cost of developing intangibles in the period incurred. The rationale for immediate expensing of […]
978-1337614689 Chapter 8 Part 1
8-1 Chapter 8—Investing Activities MULTIPLE CHOICE 1. An analyst can estimate the average total life of depreciable assets by: a. dividing average depreciable assets by depreciation expense for the year. b. dividing depreciation expense for the year by average depreciable […]
978-1337614689 Chapter 7 Part 2
7-13 Derivative instruments acquired to hedge exposure to changes in the fair value of an asset or liability are fair value hedges. Fair value hedges are of two general types (1) hedges of a recognized asset or liability, and (2) […]
978-1337614689 Chapter 7 Part 1
7-1 Chapter 7—Financing Activities MULTIPLE CHOICE 1. All of the following are primary events that typically lead to changes in book value of shareholders’ equity except: a. Investments by shareholders, usually net cash received by the company at equity issue […]
978-1337614689 Chapter 6 Part 2
6-13 © 2018 Cengage. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 3. Managers want to reduce risk in order to create a more optimal lending environment and to […]
978-1337614689 Chapter 6 Part 1
6-1 Chapter 6—Accounting Quality MULTIPLE CHOICE 1. All of the following are true regarding a high quality balance sheet except: a. It should portray the economic resources that can be reasonably expected to generate future economic benefits. b. It should […]
978-1337614689 Chapter 5 Part 2
5-14 PTS: 1 4. Bankruptcy analysis research has gone through many iterations, from univariate bankruptcy prediction models to sophisticated logit models. However, after examining the results of the research there appear to be a number of common factors that consistently […]
978-1337614689 Chapter 5 Part 1
5-1 Chapter 5—Risk Analysis MULTIPLE CHOICE 1. Economic theory teaches that differences in market returns must relate to differences in: a. book value b. perceived risk c. price-earnings ratio d. bankruptcy risk ANS: B PTS: 1 2. Market equity beta […]
978-1337614689 Chapter 3 Part 2
3-13 ANS: 1. Adjusting revenues and expenses for changes in non-working capital accounts, for example depreciation, amortization and deferred income tax. 2. Adjusting revenues and expenses for changes in operating working capital accounts, for example accounts receivable and accounts payable, […]
978-1337614689 Chapter 3 Part 1
3-1 Chapter 3—Income Flows versus Cash Flows: Understanding the Statement of Cash Flows MULTIPLE CHOICE 1. One rationale for the statement of cash flows is to: a. ensure that the cash account balances at year-end. b. reconcile differences between net […]
978-1337614689 Chapter 2 Part 2
2-15 1. There are three valuation methods that reflect historical values: acquisition cost, adjusted acquisition cost, and present value of cash flows using historical interest rates. For each of three methods discuss what the valuation represents and provide an example […]
978-1337614689 Chapter 2 Part 1
2-1 Chapter 2—Asset and Liability Valuation and Income Recognition MULTIPLE CHOICE 1. Which of the following assets appears on the balance sheet at Historical cost? a. Equipment b. Notes Payable c. Investments in Marketable Securities d. Accounts Payable ANS: A […]
978-1337614689 Chapter 1 Part 2
1-13 ANS: Buyer power PTS: 1 28. How easily can new firms enter a market is a question one might ask when assessing _____________________________________________. ANS: threat of entrants PTS: 1 29. How easily can customers switch to substitute products is […]
978-1337614689 Chapter 1 Part 1
1-1 Chapter 1—Overview of Financial Reporting, Financial Statement Analysis, and Valuation MULTIPLE CHOICE 1. The tools for studying industry economics does not include: a. Value chain analysis b. Classification using Porter’s five forces c. Classification of cash flows d. Economic […]
978-1337406703 17 Persuasive Speaking
Name: Class: Date: 17. Persuasive Speaking Copyright Cengage Learning. Powered by Cognero. Page 1 1. The most compelling persuasive messages appeal more to ethos and pathos than logos. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Explain how people […]
978-1337406703 16 Informative Speaking
Name: Class: Date: 16. Informative Speaking Copyright Cengage Learning. Powered by Cognero. Page 1 1. Listeners automatically recognize how and in what ways information will benefit them. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Identify the characteristics of […]
978-1337406703 15 Delivery
Name: Class: Date: 15. Delivery Copyright Cengage Learning. Powered by Cognero. Page 1 1. Public speaking apprehension is the level of fear we experience when anticipating or actually speaking to an audience. a. True POINTS: 1 DIFFICULTY: Easy REFERENCES: Employ […]
978-1337406703 14 Language And Oral Style
Name: Class: Date: 14. Language and Oral Style Copyright Cengage Learning. Powered by Cognero. Page 1 1. A speech given in oral style is more formal than an everyday talk. a. True POINTS: 1 DIFFICULTY: Moderate REFERENCES: Explain how oral […]
978-1337406703 13 Presentational Aids
Name: Class: Date: 13. Presentational Aids Copyright Cengage Learning. Powered by Cognero. Page 1 1. Presentational aids are a form of primary source. a. True POINTS: 1 DIFFICULTY: Moderate REFERENCES: Identify several reasons for incorporating presentational aids into your speech. […]
978-1337406703 12 Organizing Your Speech
Name: Class: Date: 12. Organizing Your Speech Copyright Cengage Learning. Powered by Cognero. Page 1 1. A preparation outline provides a draft of main points in the form of incomplete sentences. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: […]
978-1337406703 11 Topic Selection And Development
Name: Class: Date: 11. Topic Selection and Development Copyright Cengage Learning. Powered by Cognero. Page 1 1. The space in which a speech is given affects the speech. a. True POINTS: 1 DIFFICULTY: Moderate REFERENCES: Determine a speech topic and […]
978-1337406703 10 Group Leadership And Problem Solving
Name: Class: Date: 10. Group Leadership and Problem Solving Copyright Cengage Learning. Powered by Cognero. Page 1 1. Leadership is a skill that pertains to one individual rather than a group of individuals. a. True POINTS: 1 DIFFICULTY: Moderate REFERENCES: […]
978-1337406703 09 Communicating In Groups
Name: Class: Date: 09. Communicating in Groups Copyright Cengage Learning. Powered by Cognero. Page 1 1. Group communication consists of all verbal and nonverbal messages shared among members of a group. a. True b. False POINTS: 1 DIFFICULTY: Easy REFERENCES: […]
978-1337406703 08 Interpersonal Communication
Name: Class: Date: 08. Interpersonal Communication Copyright Cengage Learning. Powered by Cognero. Page 1 1. Comforting benefits the person being comforted but not the person who is doing the comforting. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Compose […]
978-1337406703 07 Interpersonal Relationships Part 2
Name: Class: Date: 07. Interpersonal Relationships Copyright Cengage Learning. Powered by Cognero. Page 12 b. stagnating stage c. circumscribing stage d. avoiding stage POINTS: 1 DIFFICULTY: Easy REFERENCES: Describe how communication functions at various stages in relationships. QUESTION TYPE: Multiple […]
978-1337406703 07 Interpersonal Relationships Part 1
Name: Class: Date: 07. Interpersonal Relationships Copyright Cengage Learning. Powered by Cognero. Page 1 1. Friendship that is formed solely based on a context may fade if the context changes. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Identify […]
978-1337406703 06 Listening
Name: Class: Date: 06. Listening Copyright Cengage Learning. Powered by Cognero. Page 1 1. Hearing and listening are synonymous with each other. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Define listening. QUESTION TYPE: True / False HAS VARIABLES: […]
978-1337406703 05 Nonverbal Messages
Name: Class: Date: 05. Nonverbal Messages Copyright Cengage Learning. Powered by Cognero. Page 1 1. Nonverbal communication is similar across cultures. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Identify characteristics of nonverbal communication. QUESTION TYPE: True / False […]
978-1337406703 04 Verbal Messages
Name: Class: Date: 04. Verbal Messages Copyright Cengage Learning. Powered by Cognero. Page 1 1. Each language is different from other languages in its fundamentals and purposes. a. True POINTS: 1 DIFFICULTY: Moderate REFERENCES: Define a language, a dialect, and […]
978-1337406703 03 Intercultural Communication
Name: Class: Date: 03. Intercultural Communication Copyright Cengage Learning. Powered by Cognero. Page 1 1. Intercultural communication cannot occur within one’s own country. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Define culture and the role of communication in […]
978-1337406703 02 Perception Of Self And Others
Name: Class: Date: 02. Perception of Self and Others Copyright Cengage Learning. Powered by Cognero. Page 1 1. We choose to pay attention to information that is relevant to us. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: Describe […]
978-1337406703 01 Communication Perspectives Part 2
Name: Class: Date: 01. Communication Perspectives Copyright Cengage Learning. Powered by Cognero. Page 13 DATE CREATED: 10/9/2017 2:35 PM DATE MODIFIED: 10/9/2017 2:35 PM 28. Which of the following is true of media richness? a. Written communication has the richest […]
978-1337406703 01 Communication Perspectives Part 1
Name: Class: Date: 01. Communication Perspectives Copyright Cengage Learning. Powered by Cognero. Page 1 1. Trying to decide for oneself on what food to eat is an example of intrapersonal communication. a. True b. False POINTS: 1 DIFFICULTY: Moderate REFERENCES: […]
978-0133109290 Chapter 9
Chapter 9 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Danny Lawyer conspired with Carly Client to hide over $700,000 of Client’s income from the IRS over a period of years. […]
978-0133109290 Chapter 8
Chapter 8 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Clara Paralegal is taking some routine information from a new client (Mr. Deal) when Deal suddenly opens his briefcase and shows […]
978-0133109290 Chapter 7
Chapter 7 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Attorney Anter is a criminal defense lawyer. In the case of Rio, Anter failed to adequately prepare for the case, barely […]
978-0133109290 Chapter 6
Chapter 6 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Lauren Lawyer’s best friend has become Lauren’s client. While discussing the terms of the engagement, Best Friend says: “Oh, Lauren! You […]
978-0133109290 Chapter 5
Chapter 5 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Paralegal Kameryn works for a law firm that does family law. He is unhappy about a new client that the firm […]
978-0133109290 Chapter 4
Chapter 4 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Paralegal Denny has worked for law firm Johnson & Smith for 5 years in their real estate department. When he leaves […]
978-0133109290 Chapter 3
Chapter 3 Test MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) Polly Paralegal is retiring from her prestigious position with the Cochran Law Firm. During her time as a paralegal, Polly worked […]