Archives: Quiz
978-1337398169 Test Bank Chapter 10 Part 3
Chapter 10 – Liabilities: Current, Installment Notes, and Contingencies Copyright Cengage Learning. Powered by Cognero. Page 21 Moderate QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FNMN.WAJO.19.10-01 – LO: 10–01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.16 – Current Liabilities Reporting ACCT.AICPA.FN.03 – […]
978-1337398169 Test Bank Chapter 10 Part 2
Chapter 10 – Liabilities: Current, Installment Notes, and Contingencies Copyright Cengage Learning. Powered by Cognero. Page 11 HAS VARIABLES: False LEARNING OBJECTIVES: FNMN.WAJO.19.10-03 – LO: 10–03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.14 – Payroll/Other Compensation ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic DATE CREATED: 7/22/2017 […]
978-1337398169 Test Bank Chapter 10 Part 1
Chapter 10 – Liabilities: Current, Installment Notes, and Contingencies Copyright Cengage Learning. Powered by Cognero. Page 1 1. Receiving payment prior to delivering goods or services causes a current liability to be incurred. a. True b. False ANSWER: True POINTS: […]
978-1337398169 Test Bank Chapter 1 Part 10
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 91 (a) Compute the ratio of liabilities to stockholders’ equity. Round your answer to one decimal place. (b) Has the creditors’ risk increased or decreased from December […]
978-1337398169 Test Bank Chapter 1 Part 9
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 81 (e) Cash received from the sale of common stock (f) Cash received from the sale of a building (g) Borrowed cash from a bank ANSWER: (a) […]
978-1337398169 Test Bank Chapter 1 Part 8
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 71 Accounts receivable 10,340 Office expense 1,240 Cash 21,420 Supplies 1,670 Fees earned 73,450 Wages expense 23,550 Land 47,000 Dividends 16,570 Building 157,630 198. Prepare an income […]
978-1337398169 Test Bank Chapter 1 Part 7
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 61 LEARNING OBJECTIVES: FNMN.WAJO.19.01–02 – LO: 01–02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 – GAAP ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic DATE CREATED: 7/26/2017 4:27 PM DATE MODIFIED: 10/16/2017 3:33 PM […]
978-1337398169 Test Bank Chapter 1 Part 6
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 51 Match the following characteristics with the form of business entity that best describes it. Each may be used more than once. a. Proprietorship b. Partnership c. […]
978-1337398169 Test Bank Chapter 1 Part 5
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 41 QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FNMN.WAJO.19.01–04 – LO: 01–04 STATE STANDARDS: United States – OH – ICPA: FN-Measurement ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 – […]
978-1337398169 Test Bank Chapter 1 Part 4
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 31 ACCT.AICPA.FN.03 – Measurement BUSPROG: Analytic DATE CREATED: 7/26/2017 4:27 PM DATE MODIFIED: 10/16/2017 3:33 PM 78. Which one of the following is the authoritative body in […]
978-1337398169 Test Bank Chapter 1 Part 3
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 21 POINTS: 1 DIFFICULTY: Easy Bloom’s: Remembering QUESTION TYPE: Multiple Choice HAS VARIABLES: False LEARNING OBJECTIVES: FNMN.WAJO.19.01–01 – LO: 01–01 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 – Recording Transactions ACCT.ACBSP.APC.09 […]
978-1337398169 Test Bank Chapter 1 Part 2
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 11 ANSWER: False POINTS: 1 DIFFICULTY: Easy Bloom’s: Remembering QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: FNMN.WAJO.19.01–03 – LO: 01–03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.01 – […]
978-1337398169 Test Bank Chapter 1 Part 1
Chapter 01 – Accounting and Business Copyright Cengage Learning. Powered by Cognero. Page 1 1. A corporation is a business that is legally separate and distinct from its owners. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Easy Bloom’s: […]
978-1337398169 Test Bank Appendix D Part 6
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 49 DATE MODIFIED: 7/22/2017 5:16 PM 129. On January 1, the Valuation Allowance for Trading Investments account has a zero balance. On December 31, the cost of trading securities […]
978-1337398169 Test Bank Appendix D Part 5
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 41 ANSWER: (a) Investments—Daytona Beach Bonds 400,000 Interest Receivable 4,500 Cash 404,500 (b) Cash 10,000* Interest Receivable 4,500 Interest Revenue 5,500 *$400,000 × 5% × 1/2 (c) Cash 244,300 […]
978-1337398169 Test Bank Appendix D Part 4
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 31 c. may be reported as current or noncurrent assets d. all of these ANSWER: c POINTS: 1 DIFFICULTY: Easy Bloom’s: Remembering QUESTION TYPE: Multiple Choice HAS VARIABLES: False […]
978-1337398169 Test Bank Appendix D Part 3
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 21 DATE MODIFIED: 7/22/2017 5:16 PM 52. Which of the following statements is not a reason a company may purchase another company’s stock? a. earning a return on excess […]
978-1337398169 Test Bank Appendix D Part 2
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 11 ANSWER: False POINTS: 1 DIFFICULTY: Easy Bloom’s: Remembering QUESTION TYPE: True / False HAS VARIABLES: False ACCREDITING STANDARDS: ACCT.ACBSP.APC.21 – Corporate Investments Accounting ACCT.AICPA.FN.03 – Measurement ACCT.AICPA.FN.04 – […]
978-1337398169 Test Bank Appendix D Part 1
Appendix D – Investments Copyright Cengage Learning. Powered by Cognero. Page 1 1. Most companies invest excess cash in bonds as investments in order to profit long-term from the growth of the investment. a. True b. False ANSWER: False POINTS: […]
978-1259929441 Chapter 9 Part 5
85) Firms outside of trading areas run the risk of being shut out of the single market by the creation of a A) “trade fortress.” B) contracting economy. C) single-market zone. D) destabilized economy. Answer: A Explanation: One threat to […]
978-1259929441 Chapter 9 Part 4
67) Which of the following is the most frequently aired objection to free trade in Africa? A) These economies are too small for free trade to exist. B) These countries are not ready for a full-fledged political union with a […]
978-1259929441 Chapter 9 Part 3
47) The ________ is responsible for proposing EU legislation, implementing it, and monitoring compliance with EU laws by member states. A) European Parliament B) European Commission C) Council of the European Union D) Court of Justice Answer: B Explanation: The […]
978-1259929441 Chapter 9 Part 2
27) Which of the following is a reason the European Union is considered an imperfect economic union? A) Factors of production are not allowed to move freely between member countries. B) Not all members of the union have adopted the […]
978-1259929441 Chapter 9 Part 1
International Business, 12e (Hill) Chapter 9 Regional Economic Integration 1) Charlyce lives in a country where there are no barriers to the trade of goods and services. This is called a free trade area. Answer: TRUE Explanation: In a free […]
978-1259929441 Chapter 8 Part 5
89) ________ is essentially the service-industry version of licensing, although it normally involves much longer-term commitments. A) Franchising B) Subsidizing C) Greenfield investment D) Patenting Answer: A Explanation: Franchising is essentially the service–industry version of licensing, although it normally involves […]
978-1259929441 Chapter 8 Part 4
69) Recent years have seen a ________ in the number of countries that adhere to a radical ideology regarding FDI. A) marked decline B) slight decline C) marked increase D) slight increase Answer: A Explanation: Recent years have seen a […]
978-1259929441 Chapter 8 Part 3
49) Identify the theory that seeks to explain why firms often prefer foreign direct investment over licensing as a strategy for entering foreign markets. A) internalization theory B) product life-cycle theory C) perfect markets theory D) random walk theory Answer: […]
978-1259929441 Chapter 8 Part 2
29) Developing nations currently account for ________ of FDI in the form of cross-border mergers and acquisitions. A) well over half B) about one-third or less C) about 50 percent D) the largest share Answer: B Explanation: FDI flows into […]
978-1259929441 Chapter 8 Part 1
International Business, 12e (Hill) Chapter 8 Foreign Direct Investment 1) The amount of foreign direct investment (FDI) undertaken over a given time period is known as the flow of FDI. Answer: TRUE Explanation: The flow of FDI refers to the […]
978-1259929441 Chapter 7 Part 6
100) Discuss the economic reasons for government intervention in markets. Answer: The economic reasons for government intervention have undergone a renaissance in recent times. The oldest argument for intervention is the infant industry argument. According to this argument, many developing […]
978-1259929441 Chapter 7 Part 5
86) A key goal of the 1986 Uruguay Round was to A) extend GATT to cover trade in commodities. B) extend GATT rules to cover trade in services. C) increase agricultural subsidies. D) loosen the GATT’s monitoring and enforcement mechanisms. […]
978-1259929441 Chapter 7 Part 4
66) Strategic trade policy suggests that in industries where the existence of substantial scale economies implies that the world will profitably support only a few firms, countries may predominate in the export of certain products simply because they had firms […]
978-1259929441 Chapter 7 Part 3
47) Tariff rate quotas are common in agriculture, where their goal is to A) reduce the use of synthetic fertilizers. B) limit imports over quota. C) increase agricultural imports. D) increase foreign competition. Answer: B Explanation: Under a tariff rate […]
978-1259929441 Chapter 7 Part 2
27) Which of the following is one of the main instruments of trade policy? A) tariffs B) credit portfolios C) opportunity costs D) countervailing duties Answer: A Explanation: Trade policy uses seven main instruments: tariffs, subsidies, import quotas, voluntary export […]
978-1259929441 Chapter 7 Part 1
International Business, 12e (Hill) Chapter 7 Government Policy and International Trade 1) Tariffs are generally pro-consumer and anti-producer. Answer: FALSE Explanation: Tariffs are generally pro–producer and anti–consumer. While they protect producers from foreign competitors, this restriction of supply also raises […]
978-1259929441 Chapter 6 Part 5
81) Porter contends that government A) can influence the domestic demand conditions and the domestic rivalry components of the diamond, but not the other two components. B) can influence each of the four components of the diamond either positively or […]
978-1259929441 Chapter 6 Part 4
67) Factor endowments refer to the extent to which a country A) supports education, research, and development. B) develops the infrastructure to support industrialism. C) supports free trade. D) has such resources as land, labor, and capital. Answer: D Explanation: […]
978-1259929441 Chapter 6 Part 3
47) The theory of comparative advantage provides strong rationale for supporting the idea of A) business nationalism. B) free trade. C) protectionist trade policies. D) governmental intervention in trade. Answer: B Explanation: The theory of comparative advantage suggests that trade […]
978-1259929441 Chapter 6 Part 2
27) David Ricardo’s theory of comparative advantage explains global trade in terms of the A) first-mover advantage that certain countries and firms enjoy. B) geographical differences between various countries. C) international differences in labor productivity. D) late-mover advantage that certain […]
978-1259929441 Chapter 6 Part 1
International Business, 12e (Hill) Chapter 6 International Trade Theory 1) The theories of Smith and Ricardo show that a country should engage in international trade, even for products that it is able to produce for itself. Answer: TRUE Explanation: The […]
978-1259929441 Chapter 5 Part 5
89) Companies can strengthen the ________ of employees by committing themselves to not retaliate against employees who complain about unethical actions. A) moral courage B) code of ethics C) ethical strategies D) organizational culture Answer: A Explanation: Companies can strengthen […]
978-1259929441 Chapter 5 Part 4
69) Identify the correct statement about the rights theories. A) Human beings have fundamental rights and privileges that transcend national boundaries. B) The moral worth of actions or practices is determined by their consequences. C) People should be treated as […]
978-1259929441 Chapter 5 5 Part 3
49) ________ arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate. A) Rawls’ B) Kantian C) Sullivan’s D) Friedman’s Answer: D Explanation: […]
978-1259929441 Chapter 5 Part 2
29) Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations? A) Sullivan principles B) the righteous moral […]
978-1259929441 Chapter 5 Part 1
International Business, 12e (Hill) Chapter 5 Ethics, Corporate Social Responsibility, and Sustainability 1) Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople. Answer: FALSE Explanation: An ethical strategy is a strategy, or course of […]
978-1259929441 Chapter 4 Part 5
88) Class-based conflict between workers and management in class-conscious societies can lead to A) increased costs of doing business. B) decreased costs of doing business. C) companies going out of business. D) workers looking for new jobs in other businesses. […]
978-1259929441 Chapter 4 Part 4
68) Which of the following observations is correct? A) The economic principles established in the Koran are against free enterprise. B) The economic principles of Islam prohibit the payment or receipt of interest. C) The Koran speaks disapprovingly of earning […]
978-1259929441 Chapter 4 Part 3
48) Which of the following refers to the extent to which individuals can move out of the strata into which they are born? A) caste stratification B) class system C) social mobility D) individual potential Answer: C Explanation: The term […]
978-1259929441 Chapter 4 Part 2
28) Cross-cultural literacy refers to A) an individual’s self-concept derived from perceived membership in a relevant social group. B) the phenomenon of merging and converging cultures. C) abstract ideas about what a group believes to be good, right, and desirable. […]
978-1259929441 Chapter 4 Part 1
International Business, 12e (Hill) Chapter 4 Differences in Culture 1) In today‘s world of global communications, rapid transportation, and global markets, cultural differences have ceased to exist. Answer: FALSE Explanation: In these days of global communications, rapid transportation, worldwide markets, […]