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Study Resources (Business Management)

  100. You have been asked to complete this year's social responsibility report for the insurance industry. Which of the following statements would you include as a valid indication of socially responsible activities in this industry? a. This year, we sold more insurance policies than in the previous two years. b. This year.
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  205. The most basic form of corporate ownership is common stock. a. True b. False 206. While common stockholders have the right to receive dividends, holders of preferred stock elect the board of directors and approve or disapprove major corporate actions. a. True b. False 207. Although a corporation does not have to pay dividends.
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  21. What sort of information should be included in a social audit? Who would prepare the audit? How would such a document be used? 22. How should social responsibility programs be funded? Explain your answer. Excellent Air Incorporated (EAI)   Excellent Air Inc. is a well-known establishment in the airline business. It is currently.
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  135. The use of borrowed funds to increase the return on owners' equity is called a. financial planning. b. investment management. c. management leverage. d. financial leverage. e. return on leverage. 136. Although Hargrove Co. makes enough money to pay for everything it needs, it still chooses to have some debt and pay.
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  210. It is easy for an organization to develop ethics codes, policies, and procedures to deal with all relationships and every situation. a. True b. False 211. All companies practice social responsibility in the same manner. a. True b. False 212. Generally, social responsibility does not cost money. a. True b. False 213. Social responsibility is good.
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  110. Which of the following best describes the trend in social responsibility models used by companies? a. Most companies are changing from a socioeconomic approach to an economic approach to social responsibility. b. There has really been no pattern of change over the last century because most companies take a socioeconomic approach. c..
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  11. What types of businesses obtain venture capital financing? How does venture capital differ from a private placement? 12. What do experts consider the key to securing a long-term business loan? Explain. 13. Describe corporate bonds. What affects the interest rate paid by a corporation? 14. What is a trustee and why.
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  155. In the , Kia Corporation describes the basics of the bond issue, who the trustee is, when the bonds mature, and how the bonds will be paid off. a. bond indenture b. trustee agreement c. bond prospectus d. term-loan agreement e. bond contract 156. When bonds issued at the same time mature on different.
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  230. Consumerism consists of all activities undertaken to protect the rights of consumers. a. True b. False 231. The Food and Drug Administration's ability to force businesses making or selling defective products to recall them is most closely related to consumers' right to choose. a. True b. False 232. Recently, consumers and the government have.
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  16. What are the three major consumerism forces today? 17. What is an affirmative action program? Be certain to detail the objectives of such programs in your answer. 18. Why did Congress create the Equal Employment Opportunity Commission? 19. Why is pollution of concern to most citizens? Why are some businesspeople particularly concerned.
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  215. A term-loan agreement is a promissory note that requires a borrower to repay a loan in monthly, quarterly, semiannual, or annual installments. a. True b. False 216. The interest rate and repayment terms for term loans often are based on such factors as the reasons for borrowing, the borrowing firm's credit rating,.
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  85. In a revolving credit agreement, the borrower typically pays      of the     portion of the agreement. a. 1.0 to 3.0 percent; unused b. 1.0 to 3.0 percent; used c. only regular interest; used d. 0.25 to 1.0 percent; used e. 0.25 to 1.0 percent; unused 86.      is (are) short-term promissory notes with no collateral.
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  90. Which president led the way in creating programs to improve the working and social conditions in the United States in the 1930s? a. Theodore Roosevelt b. Calvin Coolidge c. Franklin Roosevelt d. Woodrow Wilson e. Herbert Hoover 91. What led most directly to increased government involvement with regulating business and its dealings.
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  195. The most expensive form of short-term financing is factoring of accounts receivable. a. True b. False 196. Short-term business loans must be repaid within 5 years. a. True b. False 197. Long-term loans and the sale of corporate bonds are common sources of equity financing. a. True b. False 198. An initial public offering occurs.
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  6. How can the government encourage ethical behavior? Give an example. 7. Define a code of ethics. Do codes cover every business situation? 8. What might be the personal and social consequences of whistle-blowing within one's own firm? 9. What are a few examples of companies acting socially responsible? 10. Define the doctrine of.
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  70. Informing the press or government officials about unethical practices within one's organization is called a. unethical behavior. b. whistling. c. whistle-blowing. d. trumpeting. e. a company violation. 71. A whistle-blower is a person who a. announces the beginning and end of a work shift. b. praises his or her own accomplishments. c. does public relations.
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  240. Consumer advocates, such as Ralph Nader, take it upon themselves to protect the rights of consumers. a. True b. False 241. Increasingly, consumer education is becoming a part of high school and college curricula and adult-education programs. a. True b. False 242. Major advances in consumerism have come through federal legislation. a. True b. False 243..
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  35. All of the following are uses of long-term financing except a. beginning a new business. b. eliminating immediate cash-flow problems. c. executing mergers and expansions. d. developing and marketing new products. e. replacing obsolete equipment. 36. Slater Co. has very old computers and manufacturing equipment and knows it needs to upgrade them or.
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  175. When constructing budgets, most managers begin with departmental budgets for sales and various expenses that are then combined into a company-wide cash budget. a. True b. False 176. A cash budget estimates a firm's expenditures for major assets like replacement of obsolete equipment and mergers and acquisitions. a. True b. False 177. Zero-base budgeting is.
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  250. Of the three factors mentioned as contributors to air pollution, only the combination of weather and geography cannot be changed. a. True b. False 251. Fortunately, the acid-rain problem has been solved in recent years. a. True b. False 252. Air and water quality may be improving, but land pollution is still a serious.
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  190. Businesspeople, by the very nature of their work, rarely face ethical issues to resolve. a. True b. False 191. Fairness and honesty in business are two important ethical concerns. a. True b. False 192. Relationships with customers and coworkers rarely create ethical problems. a. True b. False 193. False and misleading advertising is illegal and.
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1. Define business ethics. 2. Why are fairness and honesty in business important ethical concerns? Give examples. 3. What are the major ethical issues businesspeople face? 4. What are the three major sets of factors believed to affect ethical behavior in an organization? 5. What are some of the social factors that affect ethical.
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  165. Short-term financing is used to start a new business. a. True b. False 166. For a manufacturer, it is impossible to have cash-flow problems before peak sales periods. a. True b. False 167. Florida-based Swim and Fin Products often experiences a time lag between the time goods are produced and the time that.
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  160. HGR Chemical Company believes the environmental regulations for its industry are much more stringent than necessary, which likely means a. they are impossible to comply with. b. they will not improve the quality of the drinking water. c. they are unfair to chemical plants. d. they are too expensive to comply with. e..
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  XYZ Coffee   Nancy is a highly respected person within her community. She is Hispanic in a largely Caucasian-populated area. Since Nancy was looking for a new job, she went to a new company in the area called XYZ Coffee, where she applied for a position. After the interview, Nancy felt confident.
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  220. Awareness of businesses' social responsibilities has increased along with government involvement. a. True b. False 221. Within a firm, social responsibility begins with management's attitude. a. True b. False 222. The economic model of social responsibility emphasizes profits. a. True b. False 223. The economic model of social responsibility emphasizes the effect of business decisions.
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  11. How does the economic model of social responsibility differ from the socioeconomic model of social responsibility? 12. What would proponents of the socioeconomic model argue to support their position? 13. What would opponents of the socioeconomic model argue to support their position? 14. Define consumerism. How have the rights of consumers changed.
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  45. Todd develops a plan for obtaining and using the money necessary for his company to implement its goals. This is called a(n) a. credit policy. b. capital budget. c. operational plan. d. financing agreement. e. financial plan. 46. Maria has been asked by top management to develop financial one- to ten-year period. a. strategies b..
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  6. Compare the traditional approach to budgeting with the zero-base budgeting approach. 7. Assume you are a small retailer selling women's fashions. What actions can you take to build a credit relationship with a manufacturer or wholesaler to ensure that you can use trade credit to purchase needed inventory for your.
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  145. What is the typical denomination for most corporate bonds? a. $100 b. $10,000 c. $500 d. $1,000 e. Ten times the par value of its stock 146. The date on the face of a bond telling when the face value is to be repaid is called the a. date of issuance. b. maturity date. c. dividend.
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  200. Most authorities agree that business ethics should be improved. a. True b. False 201. Employees have an easier time determining what is acceptable behavior if their company provides them with a code of ethics. a. True b. False 202. A personnel manager of a large company would probably agree that the more ethical the.
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  150. What have the courts ruled about quotas as a part of affirmative action programs? a. Courts have confirmed their usefulness in correcting past failures. b. Courts have restricted the use of quotas to certain occupations with severe obstacles to overcome. c. Courts have ruled the quotas unconstitutional and condemned companies for.
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  Morgan's Transition   Morgan is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to.
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  25. Casey Broadway's responsibility at his company is overseeing all the activities concerned with obtaining money and using it effectively. Casey is a(n) a. accountant. b. financial manager. c. financial planner. d. investment advisor. e. loan officer. 26. Money that will be used for one year or less is called a. open credit. b. equity.
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  140. Which president stated that consumers have the right to service? a. Franklin D. Roosevelt b. John F. Kennedy c. Lyndon B. Johnson d. Gerald R. Ford e. Bill Clinton 141. The major forces in consumerism are a. individual consumer advocates. b. consumer organizations. c. consumer education programs. d. consumer laws. e. all of the above. 142. Louise.
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  40. Metabo-Miracle offers a guaranteed weight loss of 10 pounds in one week without dieting or exercise. Thousands of customers purchase the products and about 200 call in with complaints that the product was ineffective. What action should Metabo-Miracle take? a. It should immediately remove its products from the market, fully.
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  170. Congress created the     in 1980 to help pay for cleaning up land polluted with chemicals and toxic wastes. a. Environmental Protection Agency b. Land Pollution Act c. Clean-Up Fund d. Landfill Recovery Fund e. Superfund 171. Kathy has noticed that the airport in her city is away from where most people live.
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  65. Melissa feels confident about obtaining short-term financing for her art gallery because, like many companies, she has a(n) a. unlimited source of financing available to her. b. relatively large amount of money she can borrow. c. stockpile of cash to use in place of short-term financing. d. relationship with the friend of.
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  95. A firm that specializes in buying other firms' accounts receivable is called a(n) a. factor. b. broker. c. credit officer. d. agent. e. trustee. 96. A factor will buy accounts receivable for a. more than their face value. b. less than their face value. c. their present value. d. their par value. e. the interest that.
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  105. To raise capital, Financial Fusion sold a. stock to family members and friends. b. stock to stockholders by using an IPO. c. bonds to a few close associates. d. commercial paper certificates to clients. e. promissory notes to a few trustworthy investors. 106. During 2010, Bedford Technology sold common stock for the first time.
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  55. The primary sources of funds available to a business include all of the following except a. debt capital. b. sales of assets. c. government grants. d. sales revenue. e. equity capital. 56. The greatest part of a firm's financing is provided by a. debt equity. b. sale of assets. c. government grants. d. sales revenue. e. equity.
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