Archives: Quiz
978-0134476308 Test Bank Chapter 14 Part 6
36) A firm has arranged for a lockbox system to reduce collection time of accounts receivable. Currently the firm has an average collection period of 43 days, an average age of inventory of 50 days, and an average payment period […]
978-0134476308 Test Bank Chapter 14 Part 5
Table 14.6 A breakdown of Teffan, Inc.’s outstanding accounts receivable dated June 30, 2019 on the basis of the month in which the credit sale was initially made follows. The firm extends 30-day credit terms. 71) Accounts receivable over 90 […]
978-0134476308 Test Bank Chapter 14 Part 4
8) The objective for managing accounts receivable is to avoid credit sales as much as possible. Answer: FALSE Diff: 1 Topic: Credit Selection and Standards Learning Obj.: LG 4 Learning Outcome: F-24 AACSB: Analytical Thinking 9) In analyzing an applicant’s […]
978-0134476308 Test Bank Chapter 14 Part 3
41 Table 14.3 Copyright © 2019 Pearson Education, Inc. 100) Ace’s Business Forms has compiled several factors relative to its financing mix. The firm pays 8 percent on short-term funds and 10 percent on long-term funds. The firm’s monthly current, […]
978-0134476308 Test Bank Chapter 14 Part 2
46) A firm has an operating cycle of 170 days, an average payment period of 50 days, and an average age of inventory of 145 days. The firm’s average collection period is ________ days. A) 25 B) 75 C) 95 […]
978-0134476308 Test Bank Chapter 14 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 14 Working Capital and Current Assets Management 14.1 Net working capital fundamentals 1) Short-term financial management is concerned with management of a firm’s current assets and current liabilities to achieve a […]
978-0134476308 Test Bank Chapter 13 Part 2
12) Firms are usually prohibited by state law from distributing ________. A) retained earnings as dividends B) paid-in capital in excess of par as dividends C) dividends in a year the firm has a net loss D) preferred dividends Answer: […]
978-0134476308 Test Bank Chapter 13 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 13 Payout Policy 13.1 The basics of payout policy 1) Payout policy refers to the decisions that firms make about whether to distribute cash to shareholders, how much cash to distribute, […]
978-0134476308 Test Bank Chapter 12 Part 3
41) The inexpensive nature of long-term debt in a firm’s capital structure is partly because ________. A) the equity holders are the true owners of the firm B) equity capital has a fixed return C) interest payments are tax-deductible D) […]
978-0134476308 Test Bank Chapter 12 Part 2
81) With the existence of fixed operating costs, an increase in sales will result in ________ increase in EBIT. A) a proportional B) an equal C) a less than proportional D) a more than proportional Answer: D Diff: 1 Topic: […]
978-0134476308 Test Bank Chapter 12 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 12 Leverage and Capital Structure 12.1 Leverage 1) Generally, increases in leverage result in increased return and risk. Answer: TRUE Diff: 1 Topic: Leverage Learning Obj.: LG 1 Learning Outcome: F-21 […]
978-0134476308 Test Bank Chapter 11 Part 3
9) The risk-adjusted discount rate can be computed as the risk free rate plus the product of a project’s beta and the credit risk premium. Answer: FALSE Diff: 1 Topic: Determining Risk-Adjusted Discount Rates (RADRs) Learning Obj.: LG 4 Learning […]
978-0134476308 Test Bank Chapter 11 Part 2
22) Compute the initial purchase price for an asset with book value of $34,800 and total accumulated depreciation of $85,200. Answer: Initial purchase price = Book value + Accumulated depreciation = $34,800 + $85,200 = $120,000 Diff: 1 Topic: After-Tax […]
978-0134476308 Test Bank Chapter 11 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 11 Capital Budgeting Cash Flows and Risk Refinements 11.1 Project cash flows 1) Accounting figures and cash flows are not necessarily the same due to the presence of certain non-cash expenditures […]
978-0134476308 Test Bank Chapter 10 Part 3
11) The ________ is the discount rate that equates the present value of the cash inflows with the initial investment. A) payback period B) net present value C) cost of capital D) internal rate of return Answer: D Diff: 1 […]
978-0134476308 Test Bank Chapter 10 Part 2
32) Which of the following is a disadvantage of payback period approach? A) It does not examine the size of the initial outlay. B) It does not use net profits as a measure of return. C) It does not explicitly […]
978-0134476308 Test Bank Chapter 10 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 10 Capital Budgeting Techniques 10.1 Overview of capital budgeting 1) Capital budgeting techniques are used to evaluate a firm’s fixed asset investments which provide the basis for the firm’s earning power […]
978-0134476308 Test Bank Chapter 1 Part 2
26) The ________ has a role that focuses on budgeting, accounting, and tracking the performance of a single business unit. A) controller B) treasurer C) chief financial officer D) director of risk management Answer: A Diff: 1 Topic: Managing the […]
978-0134476308 Test Bank Chapter 1 Part 1
Principles of Managerial Finance, Brief Ed., 8e (Zutter/Smart) Chapter 1 The Role of Managerial Finance 1.1 Finance and the firm. 1) A firm is a business organization that sells goods and services. Answer: TRUE Diff: 1 Topic: Finance and the […]
978-0134527604 Test Bank Chapter 9 Part 2
69) AI Rubber is one of four suppliers of molded rubber products and has a 45% market share. The market for its products is shrinking. AI Rubber is part of a larger corporation that includes a total of seven different […]
978-0134527604 Test Bank Chapter 9 Part 1
Management, 14e (Robbins/Coulter) Chapter 9 Managing Strategy 1) The CEO is meeting with his top managers to determine how best to compete successfully in the company’s market. This group is developing the company’s ________. A) strategy B) competitive advantage C) […]
978-0134527604 Test Bank Chapter 8 Part 2
54) In a short essay, describe the different classifications of plans. Answer: Strategic plans are plans that apply to the entire organization, establish the organization’s overall goals, and seek to position the organization in terms of its environment. Plans that […]
978-0134527604 Test Bank Chapter 8 Part 1
Management, 14e (Robbins/Coulter) Chapter 8 Planning Work Activities 1) ________ involves defining the organization’s goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate work activities. A) Execution B) Logistics C) Planning D) Operations Answer: C […]
978-0134527604 Test Bank Chapter 7 Part 3
108) Cultural change is easier when the organizational culture is strong. Answer: FALSE Diff: 1 AACSB: Reflective thinking Learning Obj: LO 7.5: Discuss contemporary issues in managing change Classification: Concept 109) Cultural change is likely to take place when a […]
978-0134527604 Test Bank Chapter 7 Part 2
68) Shelly was the most senior employee in the department and knew just about everything about everyone else’s job. If all employees in the department were cross-trained, Shelly would no longer have an advantage that brought with it special privileges. […]
978-0134527604 Test Bank Chapter 7 Part 1
Management, 14e (Robbins/Coulter) Chapter 7 Managing Change and Innovation 1) Organizational change can best be defined as ________. A) rethinking the organization’s target markets B) innovation that affects employees and customers C) a “cleaning house” of the top executives D) […]
978-0134527604 Test Bank Chapter 6 Part 2
63) At the ________ level of moral development, ethical decisions rely on maintaining expected standards and living up to the expectations of others. A) preconventional B) conventional C) principled D) post-conventional Answer: B Diff: 2 AACSB: Ethical understanding and reasoning […]
978-0134527604 Test Bank Chapter 6 Part 1
Management, 14e (Robbins/Coulter) Chapter 6 Managing Social Responsibility and Ethics 1) Social obligation is the obligation of a business to meet its ________. A) social and legal responsibilities B) economic and social responsibilities C) social and economic responsibilities D) economic […]
978-0134527604 Test Bank Chapter 5 Part 2
59) Which of the following managerial styles is traditionally considered to be masculine? A) agreeable B) leading by example C) collaborative D) inclusive Answer: B Diff: 2 AACSB: Diverse and multicultural work environments Learning Obj: LO 5.3: Explain the different […]
978-0134527604 Test Bank Chapter 5 Part 1
Management, 14e (Robbins/Coulter) Chapter 5 Managing Diversity 1) The ways in which people in an organization are different from and similar to one another is known as ________. A) business etiquette B) work culture C) workplace diversity D) organizational democracy […]
978-0134527604 Test Bank Chapter 4 Part 2
64) A global company reflects the ________. A) pancentric attitude B) ethnocentric attitude C) geocentric attitude D) polycentric attitude Answer: B Diff: 2 AACSB: Diverse and multicultural work environments Learning Obj: LO 4.3: Describe the structures and techniques organizations use […]
978-0134527604 Test Bank Chapter 4 Part 1
Management, 14e (Robbins/Coulter) Chapter 4 Managing in a Global Environment 1) Employers in the global marketplace look for which one of the following? A) a college degree in multicultural awareness B) critical thinking skills C) multi-lingual skills D) respect for […]
978-0134527604 Test Bank Chapter 3 Part 2
58) Which one of the following statements highlights the shared aspect of culture? A) Organizational culture is concerned with how members perceive the culture and describe it, not with whether they like it. B) Organizational culture is not something that […]
978-0134527604 Test Bank Chapter 3 Part 1
Management, 14e (Robbins/Coulter) Chapter 3 Managing the External Environment and the Organization’s Culture 1) Which one of the following represents the two views of managerial impact on the success or failure of the organization? A) omnipotent and symbolic B) omnipotent […]
978-0134527604 Test Bank Chapter 2 Part 2
68) A(n) ________ typically contains an ambiguous term that leaves interpretation up to the decision maker. A) rule B) procedure C) edict D) policy Answer: D Diff: 1 AACSB: Reflective thinking Learning Obj: LO 2.3: Classify decisions and decision-making conditions […]
978-0134527604 Test Bank Chapter 2 Part 1
Management, 14e (Robbins/Coulter) Chapter 2 Making Decisions 1) A problem can best be described as ________. A) a change from the past B) something bad that has happened C) a difference between current conditions and some desired state D) a […]
978-0134527604 Test Bank Chapter 18 Part 2
63) Contours, Inc., quality auditors pull one part from the production line every 15 minutes. These parts are measured against the production print; any variation that is beyond acceptable levels is reported to the machine operators. Contours, Inc., is using […]
978-0134527604 Test Bank Chapter 18 Part 1
Management, 14e (Robbins/Coulter) Chapter 18 Monitoring and Controlling 1) ________ refers to the process of monitoring, comparing, and correcting work performance. A) Controlling B) Checking C) Measuring D) Verifying Answer: A Diff: 2 AACSB: Reflective thinking Learning Obj: LO 18.1: […]
978-0134527604 Test Bank Chapter 17 Part 2
60) According to the path-goal model, when Greg consults with the employees for suggestions prior to making a decision, he displays which one of the following leadership styles? A) considerate B) supportive C) participative D) democratic Answer: C Diff: 3 […]
978-0134527604 Test Bank Chapter 17 Part 1
Management, 14e (Robbins/Coulter) Chapter 17 Being an Effective Leader 1) Persons who are able to influence others and who possess managerial authority are termed ________. A) entrepreneurs B) leaders C) managers D) visionaries Answer: B Diff: 2 AACSB: Reflective thinking […]
978-0134527604 Test Bank Chapter 16 Part 2
66) ________ refers to the degree of control employees have over their work. A) Task identity B) Task significance C) Job scope D) Job depth Answer: D Diff: 2 AACSB: Reflective thinking Learning Obj: LO 16.3: Compare and contrast contemporary […]
978-0134527604 Test Bank Chapter 16 Part 1
Management, 14e (Robbins/Coulter) Chapter 16 Motivating Employees 1) The ________ element in the definition of motivation is a measure of intensity, drive, and vigor. A) persistence B) effort C) energy D) direction Answer: C Diff: 2 AACSB: Reflective thinking Learning […]
978-0134527604 Test Bank Chapter 15 Part 2
76) ________ is a personality trait that measures an individual’s ability to adjust his or her behavior according to external situational factors. A) Self-awareness B) Self-esteem C) Self-monitoring D) Self-management Answer: C Diff: 3 AACSB: Reflective thinking Learning Obj: LO […]
978-0134527604 Test Bank Chapter 15 Part 1
Management, 14e (Robbins/Coulter) Chapter 15 Understanding and Managing Individual Behavior 1) Individual behavior in organizations includes ________. A) strategies, norms, and roles B) attitudes, learning, and motivation C) structure, culture, and team building D) policies and procedures Answer: B Diff: […]
978-0134527604 Test Bank Chapter 14 Part 3
114) In the wheel network, the leader serves as the hub through which all communication passes. Answer: TRUE Diff: 1 AACSB: Reflective thinking; Written and oral communication Learning Obj: LO 14.3: Explain how communication can flow most effectively in organizations […]
978-0134527604 Test Bank Chapter 14 Part 2
75) A person who is upset is more likely to get the message right than one who is calm. Answer: FALSE Diff: 1 AACSB: Reflective thinking; Written and oral communication Learning Obj: LO 14.2: Describe methods and challenges of interpersonal […]
978-0134527604 Test Bank Chapter 14 Part 1
Management, 14e (Robbins/Coulter) Chapter 14 Managing Communication 1) For communication to be successful, meaning must be imparted and ________. A) received by the other person B) acknowledged by the receiver C) feedback must be sent back to the sender D) […]
978-0134527604 Test Bank Chapter 13 Part 2
61) Odill intentionally included in his team individuals with opposing views, believing that a variety of opinions made for better decisions. Odill has a(n) ________ view of conflict. A) human relations B) liberal C) traditional D) interactionist Answer: D Diff: […]
978-0134527604 Test Bank Chapter 13 Part 1
Management, 14e (Robbins/Coulter) Chapter 13 Creating and Managing Teams 1) It is Black Friday. Several people are waiting outside the popular electronics store for someone to unlock the doors. These people constitute a(n) ________. A) formal group B) informal group […]
978-0134527604 Test Bank Chapter 12 Part 2
63) Application forms ________. A) are most useful for gathering information B) include personality and interest forms C) use actual job behaviors D) are not used for managerial positions Answer: A Diff: 2 AACSB: Reflective thinking Learning Obj: LO 12.3: […]