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Study Resources (Business Management)

71.When statutes are organized by topic, the resulting compilation of law is known as: a.A code. b.Common law. c.Civil law. d.Precedent. 72.Which of the following powers do administrative agencies typically have? a.Rulemaking only b.Statute Interpretation only c.Dispute Adjudication only d.All of the above. 73.The Federal Trade Commission is an example of: a.A federal agency created by Congress. b.A corporation subsidized by the.
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11.              The legislative branch of the U.S. Government can enact statutes that change laws that have been made by the judicial branch. 12.              If the federal government preempts states from regulating in an area, the states may continue to pass legislation that conflict with federal statutes. 13.              In most subject matter areas.
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144) What is financial management? 145) Propose how funds could be made available for large projects. 146) Distinguish between a loan and a corporate bond. 147) Provide a comparison of a private and public accountant. 148) Distinguish between managerial accounting and financial accounting. 149) Describe the role of a forensic accountant. 150) Elaborate on the need.
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21.              The police power of a state gives the state much general authority to regulate business. 22.              Under a state’s police power granted by the U.S. Constitution, the state has exclusive power to regulate intrastate commerce. 23.              The first 10 amendments that were added to the U.S. Constitution are known as the.
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81) In the fundamental accounting equation, claims on assets includes one of the following. a. accounts payable b. liabilities c. inventory d. goodwill 82) Distinguish one of the following assets that is considered the MOST liquid. a. current b. fixed c. intangible d. accounts receivable 83) Identify one of the following categories of assets that is subject to depreciation. a. current.
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21) A corporation that is interested in issuing bonds with a lower interest rate would MOST likely select _____________. a. secured bonds b. reversible bonds c. debenture bonds d. convertible bonds 22) The state of California needs to rebuild a bridge that was damaged by a recent earthquake. Rather than raising taxes to pay for.
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91) Explain why there is a need for intermediaries. a. Intermediaries drive up costs, helping manufacturers make more profit from consumers. b. Intermediaries are responsible for the monitoring of the quality of products manufactured. c. Intermediaries greatly reduce the time and costs of the distribution of goods and services. d. Intermediaries help widen the.
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41) Futura’s management made the decision to build a new office building. Its financial managers determined that using debt to finance the building project will be most beneficial, so they obtained a secured loan from a commercial bank to finance the construction. If it any point Futura cannot afford to.
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71) ________ is a pricing strategy that is pricing a good or service based on the demand for the product or its perceived value. a. Cost-based pricing b. Supply-based pricing c. Demand-based pricing d. Competition-based pricing 72) Which of the following estimates the value customers receive from a product and therefore the price they are.
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61.Chancery Courts were also known as: a.Law Courts. b.Equity Courts. c.Criminal Courts. d.Merchant Courts. 62.What is an “equitable remedy”? a.A remedy fashioned by the chancery court to fit a particular situation b.A remedy granted by the merchant court c.A remedy that cannot be modified from its rigid prescribed form d.A remedy that must to be approved by the law.
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21.       The English law courts could only award monetary damages. 22.The English law courts emphasized legal procedure over the merits of the individual case. 23.The English Chancery Courts were under the authority of the Lord Chancellor. 24.Equity Courts were created to allow remedies that could not be granted by the law courts. 25.Merchant courts.
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91) Identify one of the following that compares what a company owes to its creditors to what it owes to its owners. a. liquidity ratio b. current ratio c. working capital ratio d. debt to equity ratio 92) The amount of money a company retains from producing and selling a product is _____________. a. gross profit b..
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31) The disadvantage of using trade credit is _____________. a. an increase in overhead expenses b. an increase in debt levels c. losing an early payment discount d. repelling investors and lenders 32) Marita owns a pottery shop. She wants to expand her inventory but is short on cash. One of her suppliers agrees to.
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36) Mason Luxury Liners has decided that bonds are the best financing option for several major upcoming projects. Describe what the financial manager should do to initiate this process. 37) Explain the benefit of having a diversified portfolio. 38) Describe the advantages and disadvantages of investing in growth stocks. 39) Gadget World is.
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140) The Sagan Cargo Handling Company needs to raise funds for keeping up with the trend in port operations. The company must purchase expensive equipment and sophisticated technology, and bank loans cannot cover the needed amount. Propose another option the company could take in order to fulfill the project. 141) Hahn.
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51.Proponents of which school(s) of jurisprudential thought are unlikely to adhere to precedent in making decisions? a.The Sociological School only b.The Critical Legal Studies School only c.Both the Sociological School and the Critical Legal Studies School d.Neither the Sociological School nor the Critical Legal Studies School 52.Someone who believes that law is a reflection of.
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61) A marketing team at a technology company has finished designing the marketing message. Identify which of the following the team will likely consider next. a. marketing budget b. marketing objective c. needed adjustment d. advertising space 62) The marketing team of Jim Pattison Group already determined the budget for its new promotional campaign. Following.
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1) By financing with bonds, a company is able to _____________. a. use funds to make principal payments on loans b. use outside money from investors to fund projects or business expansion c. pay dividends to shareholders d. borrow money with very low interest rates 2) If an investor held a $250 000 bond with.
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MULTIPLE CHOICE QUESTIONS—LEGAL CONCEPTS 41.According to the text, what is the definition of “law”? a.The list of actions a person must not perform b.A body of rules of action or conduct prescribed by controlling authority c.The acts a person must perform in order to assure fairness d.Optional rules for members of society to follow or.
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101) Borrowed money or money raised through the sale of stocks or bonds finance capital projects, which makes planning ahead a necessity. a. True b. False 102) Liabilities are properties owned by the company, such as cash, investments, buildings, and so on. a. True b. False 103) Monitoring cash flow is important for measuring short-term financial.
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1) When you apply the principles of finance to manage budgeting, saving, investing, and preserving your money for the future, you are practising ___________. a. special wealth b. personal finance c. cash administration d. individual investment 2) Joshua just resigned from his job as an information technology specialist at a leading manufacturing firm in Canada..
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31.Both the federal government and state governments have the power to enter into treaties with foreign governments. 32.Codes consist of statutes that have been organized by topic. 33.Statutes are enacted by legislative branches of the federal and state governments. 34.An example of executive power occurred when President George W. Bush established within the.
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11.According to Anotole France, the law should apply equally to the rich as well as the poor. 12.The Nineteenth Amendment to the United States Constitution gave women the right to vote. 13.In the past the law did not allow married women in the United States to own property. 14.The Natural Law School of.
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111) Venture capital carries a low risk for its investors. a. True b. False 112) Use of leverage can be beneficial because the company can invest in business operations without losing equity. a. True b. False 113) A corporate accountant evaluates what kind of financing strategy is best and can choose a way to obtain needed.
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21) In a ________ plan, your employer pays a specified percentage of each paycheque into your account. a. defined paycheque b. defined retirement c. defined contribution d. defined insurance 22) Each year, Angela uses online software to help her file her income taxes online. Knowing this, which of the following is true? a. Angela has property. b..
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11) Financial forecasts are especially important when strategic goals include one of the following. a. acquiring new machinery Identifying target markets is a function of the marketing department that can affect financial forecasts, rather than the other way around. b. identifying a target market Identifying target markets is a function of the marketing department.
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31.              The U.S. district court held that unsolicited advertising faxes were commercial speech and subject to regulation by the federal government. 32.              The right to be free from government intervention in the practice of religion is not absolute. 33.              The Establishment Clause of the U.S. Constitution allows the federal government to establish.
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Chapter 2 TRUE/FALSE QUESTIONS                 The Articles of Confederation gave no power to the federal government to levy and collect taxes or to regulate commerce.                 Each of the 13 original colonies operated as a separate sovereignty under the rule of England.                 After the American Revolution, the Continental Congress formed a federal government.
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11) Which of the following statements about credit reports is TRUE? a. You should score low on your credit report to get low interest rates. b. You should check your credit rating once every five years. c. You should only check your credit rating at the time when you’re buying something big. d. You.
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144) Rhonda works for a telecom company. Her current task is to distribute “thank you” cards to clients who have purchased the new phone model the company launched just last month. Name the step in the selling process that Rhonda is currently applying. 145) Reader’s Digest, a popular magazine in North.
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71) Identify one of the following accountants that is employed by an organization for the purpose of maintaining financial control and supervising the accounting system. a. public accountant b. private accountant c. certified management accountant (CMA) d. certified public accountant (CPA) 72) Phillip is a tax accountant with a large firm. Which of the following.
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Chapter 1 TRUE/FALSE QUESTIONS 1.The law in the United States has been influenced by English, but not by French or Spanish law. 2.Law is intended to protect persons, and their property, from unwanted interference from others. 3.Businesses that are organized in the United States are subject to the laws of the United States but.
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126) Erwin Rico, a golf professional, owns a clothing line specifically tailored for golf players. He plans to expand his business and venture into manufacturing golf clubs. Explain the type of financial plan Erwin needs to study to determine the feasibility of his plan. 127) A week after finalizing its budget,.
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1) The strategic planning and budgeting of short- and long-term funds for current and future needs is called _____________. a. asset allocation b. income tracking c. data warehousing d. financial management 2) Identify which of the following is a foundation of financial management. a. conducting research on the profitability of a product b. controlling current revenues and.
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81) Salespeople play an integral role in helping firms improve existing products or create new products by _____________. a. coming up with new ideas for a product b. relaying customer feedback to the organization c. encouraging customers to buy the product d. keeping the company ahead of the competition 82) Angela is preparing a demonstration.
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111) The time frame of a product’s life cycle is always short. a. True b. False 112) The price of a product should both attract customers and generate a profit. a. True b. False 113) Creating an image is a pricing objective based on the principle of brand association. a. True b. False 114) Target costing is a cost-based.
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101) Luggage is an example of a convenience good. a. True b. False 102) Maintenance, repair, and operating products do not become parts of the finished product. a. True b. False 103) Branding products would spare buyers from risks involved in some purchases. a. True b. False 104) Brand loyalty is a major benefit of branding for buyers. a. True b..
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61) Which kind of accountants help determine which business activities are most and least profitable? a. government accountants b. tax accountants c. managerial accountants d. non-profit accountants 62) Samantha, an accountant for a children’s clothing store, noticed errors in one of the entries in the bookkeeping records, which could result in serious consequences. This situation.
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21) Which of the following is the term for a measure of how quickly an asset can be turned into cash? a. transformation b. encashment c. conversion d. liquidity 22) Which of the following steps must a financial manager take after the budget is completed? a. Periodically compare the financial expectation to the actual performance. b. Look.
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MULTIPLE CHOICE QUESTIONS—LEGAL CONCEPTS 42.The Continental Congress formed a federal government in 1778 and adopted what document? a.The Declaration of Independence b.The Articles of Confederation c.The Bill of Rights d.The U.S. Constitution 43.Since declaring independence, the current U.S. Constitution is the _______ document to set out the general operations of the government. a.First b.Second c.Third d.Fourth 44.The Constitutional Convention was convened.
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