BUS 475 Final Exam step-6
BUS 475 Final Exam step-6
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BUS 475 Final Exam QUESTIONS WITH ANSWERS 51) Queuing models use an A/B/C notation. What do these variables represent? A. maximum time between arrivals/maximum allowable service time/maximum number of parallel servers B. distribution of time between arrivals/distribution of service times/number of parallel servers C. average time between arrivals/average service time/number of parallel servers D. minimum time between arrivals/minimum allowable service time/minimum number of parallel servers Read more: http://en.wikipedia.org/wiki/Queueing_model http://it.toolbox.com/blogs/enterprisesolutions/queuingtheorymodels14995 52) Which is not a tool of statistical quality control? A. Attribute control chart B. Fishbone diagram C. Pareto chart D. Deming chart Read more: http://www.britannica.com/EBchecked/topic/564167/statistical qualitycontrol http://www.itl.nist.gov/div898/handbook/pmc/section1/pmc11.htm http://www.vertex42.com/ExcelTemplates/fishbonediagram.html 53) Fundamental points about network computing in organizations include all of the following except: A. Networks have had limited impact on organizational productivity B. Computers constantly exchange data C. Computer data exchange provides significant advantages to organizations D. Networks can be of any size, from small to enormous E. Networks support new ways of doing business Read more: http://www.opengroup.org/onlinepubs/7619899/toc.htm 54) When customers access a Web site and make purchases, they generate __________. A. Web data B. Tracking cookies C. Information D. Clickstream data E. Hyperlink data Read more: http://en.wikipedia.org/wiki/HTTP_cookie http://chris.pirillo.com/whatisatrackingcookie/ 55) When your purchases are swiped over the barcode reader at the pointofsale terminals at WalMart, a _____ records the data. A. transaction processing system B. enterprise resource planning system C. functional area information system D. dashboard E. office automation system Read more: http://en.wikipedia.org/wiki/Transaction_processing_system http://www.bestpricecomputers.co.uk/glossary/transactionprocessingsystems.htm 56) Which of the following is not a source for external data? A. commercial databases B. satellites C. corporate databases D. sensors E. government reports Read more: http://spireproject.com/database.htm 57) Which of the following statements is correct? A. An individual’s right to privacy is absolute B. Advances in information technologies have not affected individual privacy C. It is difficult to determine and enforce privacy regulations D. An individual’s right to privacy supersedes the needs of society E. The Internet has increased individuals’ privacy Read more: http://en.wikipedia.org/wiki/Privacy http://www.escapefromamerica.com/2010/08/haveamericancitizenslosttheir righttoprivacy/ 58) The management cockpit best exemplifies which type of system? A. Decision support system B. Functional area information system C. Expert system D. Digital dashboard E. Group decision support system Read more: http://www.ap.atosorigin.com/en us/services/solutions/consulting/management_consulting/management_cockpit/defa ult.htm 59) Informationbased industries are most susceptible to which one of Porter’s five forces? A. bargaining power of suppliers B. rivalry among existing firms in an industry C. bargaining power of customers D. threat of substitute products Read more: http://www.quickmba.com/strategy/porter.shtml http://en.wikipedia.org/wiki/Porter_five_forces_analysis 60) International Game Technology’s new ERP system produced all of the following benefits except: A. The company gained flexibility in manufacturing products B. Integrated the company’s business functions C. Company was able to maintain its original business processes D. ERP system connected the company’s global operations E. Operations employees were able to access manufacturing process details at their workstations 61) Which of the following is not a reason that managers need IT support? A. Need to access remote information sources B. Number of alternatives are decreasing C. Decisions must typically be made under time pressure D. Decisions are becoming more complex E. Decision makers are often in different locations 62) Which of the following are not provided by digital dashboards? A. Key performance indicators B. Drill down C. Transaction processing D. Status access E. Exception reporting Read more: http://en.wikipedia.org/wiki/Dashboards_ %28management_information_systems%29 http://www.infovis.net/printMag.php?num=143&lang=2 63) Which of the following best represents operating income? A. Income from capital gains B. Income after financing activities C. Earnings before interest and taxes D. Income from discontinued operations Read more: http://www.investorwords.com/3460/operating_income.html 64) Which of the following is most consistent with the hedging principle in working capital management? A. Fixed assets should be financed with shortterm notes payable. B. Inventory should be financed with preferred stock. C. Accounts receivable should be financed with shortterm lines of credit. D. Borrow on a floating rate basis to finance investments in permanent assets. Read more: http://www.forexcurrencytradingtips.com/tag/definitionofhedging principle 65) Exchange rate risk: A. has been phased out due to recent international legislation. B. arises from the fact that the spot exchange rate on a future date is a random variable. C. applies only to certain types of domestic businesses. D. doesn’t affect trades made in US Dollars. Read more: http://www.investorwords.com/1808/exchange_rate_risk.html http://moneyterms.co.uk/exchangeraterisk/ 66) A machine costs $1,000, has a threeyear life, and has an estimated salvage value of $100. It will generate aftertax annual cash flows (ACF) of $600 a year, starting next year. If your required rate of return for the project is 10%, what is the NPV of this investment? (Round your answerwer to the nearest $10.) A. $900 B. $490 C. $570 D. $150 67) At 8% compounded annually, how long will it take $750 to double? A. 6.5 years B. 9 years C. 48 months D. 12 years 68) If the quote for a forward exchange contract is greater than the computed price, the forward contract is: A. overvalued. B. a good buy. C. undervalued. D. at equilibrium. Read more: http://www.arabbank.com.au/tradefinance/forwardexchange contracts http://www.businessdictionary.com/definition/forwardexchangecontract.html 69) Forward rates are quoted: A. in direct form and at a premium or discount B. by the FDIC C. in an indirect form D. on financial statements E. daily Read more: http://businesslink.gov.uk/bdotg/action/detail? itemId=1074298651&type=RESOURCES http://www.lloydstsbbusiness.com/internationalservices/forwardexchangecontracts. asp 70) You hold a portfolio with the following securities: Security Percent of Portfolio Beta Return X Corporation 20% 1.35 14% Y Corporation 35% .95 10% Z Corporation 45% .75 8% Compute the expected return and beta for the portfolio. A. 10.67%, 1.02 B. 34.4%, .94 C. 9.9%, 1.02 D. 9.9%, .94 71) A stock with a beta greater than 1.0 has returns that are _____ volatile than the market, and a stock with a beta of less than 1.0 exhibits returns which are _____ volatile than those of the market portfolio. A. more, more B. less, more C. more, less D. less, less Read more: http://stocks.about.com/od/evaluatingstocks/a/beta120904.htm http://finance.mapsofworld.com/portfolio/investment/stock.html 72) Mortgage bonds: A. are a type of debenture. B. usually pay little or no interest. C. are secured by a lien on real property. D. can only be issued by financial institutions. Read more: http://www.investorwords.com/3129/mortgage_bond.html http://www.wisegeek.com/whatisamortgagebond.htm 73) Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. If the stock is currently selling for $21.25 per share, what is the expected rate of return on this stock? A. 8.0% B. 36.13% C. 12.5% D. 13.6% 74) Suppose you determine that the NPV of a project is $1,525,855. What does that mean? A. Under all conditions, the project’s payback would be less than the profitability index. B. In all cases, investing in this project would be better than investing in a project that has an NPV of $850,000. C. The project would add value to the firm. D. The project’s IRR would have to be less that the firm’s discount rate. 75) At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years? A. 7% B. 6% C. 5% D. 8% 76) "Positioning": A. is useful for combining but not for segmenting. B. applies to new productsbut not existing products. C. helps strategy planners see how customers view competitors' offerings. D. eliminates the need for judgment in strategy planning. E. is concerned with obtaining the best shelf space in retail outlets. Read more: http://en.wikipedia.org/wiki/Positioning_%28marketing%29 http://www.marketingteacher.com/lessonstore/lessonpositioning.html 77) Good marketing strategy planners know that: A. the terms "mass marketing" and "mass marketer" mean basically the same thing. B. firms like Nabisco and WalMart are too large to aim at clearly defined target markets. C. target marketing does not limit one to small market segments. D. target markets cannot be large and spread out. E. mass marketing is often very desirable and effective. Read more: http://en.wikipedia.org/wiki/Marketing_strategy http://www.quickmba.com/MarketingStrat.shtml http://www.wisegeek.com/whatismassmarketing.htm 78) In an effort to increase its total sales, Champion has started exporting its spark plugs for use by several German auto producers. Champion is pursuing a _____ opportunity. A. mass marketing B. diversification C. market penetration D. market development E. product development Read more: http://www.businessdictionary.com/definition/market penetration.html http://moneyterms.co.uk/market_penetration/ 79) The three basic tasks of ALL managers, according to the text, are: A. planning, staffing, and evaluating. B. hiring, training, and compensating. C. marketing, production, and finance. D. planning, implementation, and control. E. execution, feedback, and control. Read more: http://hubpages.com/hub/The3BasicTasksofaManagerthatYou DoNotAlwaysSee 80) Analysis of demographic dimensions: A. is the most important step to successful segmentation. B. can be used along with analysis of other dimensions to identify attractive target markets. C. considers income and sex, but not age. D. only considers age. E. is the most effective way to identify unmet consumer needs. Read more: http://www.tetrad.com/demographics/usa/ags/agsdemogdim.html http://en.wikipedia.org/wiki/Market_segment http://www.marketingteacher.com/lessonstore/lessonsegmentation.html 81) The basic objective of the U.S. marketdirected economic system is to: A. minimize inflation. B. achieve an annual growth rate of at least 10 percent. C. satisfy consumer needs as theythe consumerssee them. D. make the most efficient use of the country's resources. E. provide each person with an equal share of the economic output. 82) The managerial process of developing and maintaining a match between the resources of an organization and its market opportunities is called: A. management by objective. B. strategic (management) planning. C. marketing programming. D. market planning. E. marketing strategy planning. Read more: http://en.wikipedia.org/wiki/Strategic_management 83) When evaluating macromarketing: A. one must determine how efficiently the society's resources are used. B. the evaluation is necessarily subjective. C. one must consider each individual firm's role in the marketing system. D. one must consider the society’s role in the marketing system. E. the best approach is to consider the profit generated by individual firms within the overall system. Read more: http://marketing.about.com/od/marketingglossary/g/macromktgdef.htm http://en.wikipedia.org/wiki/Macromarketing 84) In comparison to the buying of final consumers, the purchasing of organizational buyers: A. leans basically toward economy, quality, and dependability. B. is strictly economic and not at all emotional. C. is even less predictable. D. is always emotional. E. is always based on competitive bids from multiple suppliers. Read more: http://www.consumerpsychologist.com/cb_Organizational_Buyers.html http://knol.google.com/k/organizationalbuyingprocessesandbuyingbehavior# 85) When one considers the strategy decisions organized by the four Ps, branding is related to packaging as: A. store location is to sales force selection. B. branding is to pricing. C. personal selling is to mass selling. D. pricing is to promotion. E. production is to marketing. Read more: http://marketing.about.com/cs/brandmktg/a/whatisbranding.htm http://www.scribd.com/doc/15233856/BrandingandPackaging 86) The managerial process of developing and maintaining a match between the resources of an organization and its market opportunities is called: A. marketing strategy planning. B. management by objective. C. strategic (management) planning. D. market planning. E. marketing programming. Read more: http://www.pim.com.pk/faq.htm#Str%20Planning 87) When looking at demographic dimensions, marketers should: A. recognize that demographics can be very useful for estimating the market potential of possible target markets. B. know that it is illegal to segment markets based on membership in some racial or ethnic group. C. understand that ethnic groups are generally homogeneous within. D. always consider external influences. E. know that demographics are especially helpful in explaining why specific people buy specific brands. 88) Which of the following receives at least some protection under the U.S. Constitution? A. Both obscene speech and offensive speech B. Obscene speech C. Offensive speech D. Neither obscene speech nor offensive speech Read more: http://en.wikipedia.org/wiki/United_States_Constitution 89) Which article of the United States Constitution deals with the judicial power of the federal government? A. Article I. B. Article III. C. Article IV. D. Article V. E. Article II. Read more: http://www.house.gov/house/Constitution/Constitution.html 90) Which of the following activities by an administrative agency requires public notice and participation? A. Substantive rule making only. B. Substantive rule making and statements of policy only. C. Statements of policy only. D. Substantive rule making, interpretive rule making, and statements of policy. E. Substantive rule making and interpretive rule making only. Read more: http://legaldictionary.thefreedictionary.com/Administrative+Agency http://www.yourdictionary.com/law/administrativeagency 91) Which of the following is correct about interpretive rules? A. They do not establish new law. B. They must be accompanied by substantive rules. C. All federal administrative agencies have implied power to make interpretive rules. D. Interpretive rules are not subject to judicial review. E. They require public notice and participation to create. Read more: http://dictionary.reference.com/browse/interpretive+rule 92) What type of commercial speech did the U.S. Supreme Court say was protected in the Greater New Orleans Broadcasting Association, Inc. v. United States case? A. Information on gambling and lotteries. B. Information about child pornography. C. Obscene speech. D. Information on how to build a bomb. Read more: http://www.law.cornell.edu/supct/html/98387.ZS.html 93) A professional corporation is one that: A. Is formed with the assistance of a lawyer. B. Is typically used as a form of doing business by doctors and lawyers. C. Has been in existence long enough to reasonably assure that it will be profitable in the near future. D. Does not have shareholders. Read more: http://en.wikipedia.org/wiki/Professional_corporation http://biztaxlaw.about.com/od/glossaryp/g/professcorp.htm 94) What makes a publicly held corporation different from a public corporation? A. A publicly held corporation must have a charitable purpose, but a public corporation need not have a charitable purpose. B. They are two terms that have the same meaning. C. A publicly held corporation has many shareholders rather than being a corporation owned by a governmental entity. D. A publicly held corporation is entitled to limited liability, but a public corporation is not. Read more: http://financial dictionary.thefreedictionary.com/Publicly+held+corporation 95) Generally, which of the following statements relating to contractual capacity is correct? A. People with no competence make voidable contracts. B. People who have been adjudicated insane make voidable contracts. C. People with limited competence make void contracts. D. Persons with full competence make enforceable contracts. E. Minors make void contracts. Read more: http://law.jrank.org/pages/12504/ContractLaw.html 96) Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman? A. Stakeholder interest. B. Corporate social audit. C. Moral minimum. D. Maximizing profits. E. Corporate citizenship. Read more: http://www.econlib.org/library/Enc/bios/Friedman.html 97) If a minor wishes to be bound to a contract after becoming an adult, she must: A. Give back the goods or services received as a minor. B. Bring an action to verify the contract. C. Ratify the contract. D. Disaffirm the contract. Read more: http://www.lawhandbook.sa.gov.au/print/ch08s02.php 98) What exists when budgeted costs exceed actual results? A. A budgeting error B. A favorable difference C. An unfavorable difference D. An excess profit 99) Balance sheet accounts are considered to be __________. A. temporary stockholders' accounts B. permanent accounts C. capital accounts D. nominal accounts Read more: http://www.financelib.com/financialtermpermanentaccounts.html 100) One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000. Astro produces sparklers (400 setups) and lighters (600 setups). How much of the machine setup cost pool should be assigned to sparklers? A. $150,000 B. $60,000 C. $75,000 D. $90,000 101) The income statement and balance sheet columns of Pine Company's worksheet reflects the following totals: Income Statement Balance Sheet Dr. Cr. Dr. Cr. Totals $58,000 $48,000 $34,000 $44,000 The net income (or loss) for the period is __________. A. not determinable B. $48,000 income C. $10,000 income D. $10,000 loss
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