BUS 475 Final Exam step-10
BUS 475 Final Exam step-10
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Date Created: 11/07/15
BUS 475 Final Exam QUESTIONS WITH ANSWERS 51 Which one of the following statements concerning production and staffing plans is best A A master production schedule is a projected statement of income costs and profits B Aggregation can be performed along three dimensions product families labor and time C Production plans are based primarily on information from the master production plan D A staffing plan is the intermediate link between the business plan and the master production schedule 52 While glancing over the sensitivity report you note that the stitching labor has a shadow price of 10 and a lower limit of 24 hours with an upper limit of 36 hours If your original right hand value for stitching labor was 30 hours you know that A you would lose 80 if one of your workers missed an entire 8 hour shift B the next worker that offers to work an extra 8 hours should receive at least 80 C vou would be willing pay up to 60 for someone to work another 6 hours D you can send someone home 6 hours early and still pay them the 60 they would have earned While on the clock 53 The costs of delivering products in the channel are much higher than delivering products in the channel A physical digital B e commerce digital C physical financial D digital e commerce E digital physical 54 When customers access a Web site and make purchases they generate Tracking cookies Web data Information Clickstream data Hyperlink data WPOPquot 55 is the integration of economic social cultural and ecological facets of life enabled by information A regionalization B globalization C nationalization D business environment 56 Various organizations that promote fair and responsible use of information systems often develop a code of ethics responsibility charters a strategic plan a mission statement a goals outline WUOW 57 What is is not necessarily A Illegal unethical B Unethical legal C Ethical illegal D Unethical illegal E Ethical legal 58 provides users with a view of what is happening where addresses why it is happening A Multidimensional data analysis structured query language B Multidimensional data analysis neural networks C Data mining multidimensional data analysis D E Data mining expert system Multidimensional data analysis data mining 59 Computer support is greatest for which of the following problems wpcwgt Semistructured and strategic planning Semistructured and management control Unstructured and operational control Structured and operational control Structured and management control 60 The management cockpit best exemplifies which type of system A B C Expert system D E 61 A B Expertise Decision support system Functional area information system Digital dashboard Group decision support system is the efficient and effective execution of specific tasks Operational control C Management control D E Wisdom Strategic planning 62 Geocoding is 909 accessing geographical information integrating maps with spatially oriented databases and other databases integrating organizational transactions with spatially oriented databases programming spatially oriented databases encrypting spatial information 63 At 8 compounded annually how long will it take 750 to double A B 48 months 65 years C 9 years D 12 years 64 Which of the following represents an attempt to measure the earnings of the firm s operations over a given time period A Cash ow statement B Balance sheet C Income statement D Quarterly statement 65 A machine costs 1000 has a threeyear life and has an estimated salvage value of 100 It will generate aftertax annual cash ows 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 57 0 B 490 C 900 D 150 66 Disadvantages of using current liabilities as opposed to longterm debt include higher cash ow exposure greater risk of illiquiditv and uncertainty of interest costs decreased risk of liquidity certainty of interest costs uncertainty of future liabilities 909 67 Petrified Forest Skin Care Inc pays an annual perpetual dividend of 170 per share If the stock is currently selling for 2125 per share what is the expected rate of return on this stock A 125 B 3613 C 80 D 136 68 Which of the following is most consistent with the hedging principle in working capital management A Fixed assets should be financed with short term notes payable B Inventory should be financed with preferred stock C Accounts receivable should be nanced with shortterm lines of credit D Borrow on a oating rate basis to finance investments in permanent assets 69 An increase in future value can be caused by an increase in the original amount invested annual interest rate and number of compounding periods rate of return dividends paid starting value 909 70 If the quote for a forward exchange contract is greater than the computed price the forward contract is at equilibrium undervalued a good buy overvalued POP 71 Your company is considering an investment in a project which would require an initial outlay of 300000 and produce expected cash ows in Years 1 through 5 of 87385 per year You have determined that the current after tax cost of the rm s capital required rate of return for each source of nancing is as follows Cost of debt 8 Cost of preferred stock 12 Cost of common stock 16 Longterm debt currently makes up 20 of the capital structure preferred stock 10 and common stock 70 What is the net present value of this project A 1568 B 871 C 1241 D 463 72 Suppose you determine that the NPV of a project is 1525855 What does that mean A The project s IRR would have to be less that the firm s discount rate B The project would add value to the firm C Under all conditions the project s payback would be less than the profitability indeX D In all cases investing in this project would be better than investing in a project that has an NPV of 850000 73 The common stockholders are most concerned with A the spread between the return generated on new investments and the investor s required rate of return B the size of the firm s beginning earnings per share C the risk of the investment D the percentage of pro ts retained 74 PepsiCo calculates unlevered betas for each peer group in order to eliminate different financial risks eliminate competitive factors eliminate judgment factors eliminate different business risks POP 75 Which of the following best represents operating income Income from discontinued operations Earnings before interest and taxes Income from capital gains Income after financing activities 00 76 In comparison to the buying of final consumers the purchasing of organizational buyers is even less predictable leans basically toward economy quality and dependability is always emotional is strictly economic and not at all emotional is always based on competitive bids from multiple suppliers EEC 77 The basic objective of the US marketdirected economic system is to A achieve an annual growth rate of at least 10 percent B provide each person with an equal share of the economic output C make the most efficient use of the country39s resources D minimize in ation E satist consumer needs as thevthe consumerssee them 78 Comparing GDP for foreign countries can help a marketing manager evaluate potential markets if the manager remembers that A GDP measures show people39s tendency to buy particular products B income tends to be evenly distributed among consumers in most countries C GDP estimates may not be very accurate for very different cultures and economies D Other countries most likely don t use the US Dollar as their primary currency E GDP measures show the degree of competition in a market 79 A firm39s quotmarketing mixquot decision areas would NOT include A Promotion B People C Price D Place E Product 80 is a marketing management aid which refers to how customers think about proposed andor present brands in a market Brand familiarity Positioning Market scanning Customer relationship management CRM Market segmentation 909 81 The quotfour Psquot of a marketing mix are Production Personnel Price and Physical Distribution Promotion Production Price and People Potential customers Product Price and Personal Selling Product Price Promotion and Profit Product Place Promotion and Price 5005 82 When evaluating macromarketing A the evaluation is necessarily subjective B the best approach is to consider the profit generated by individual firms within the overall system C one must determine how ef ciently the society39s resources are used D one must consider the society s role in the marketing system E one must consider each individual firm39s role in the marketing system 83 A cluster analysis of the quottoothpaste marketquot would probably show that the broad product market can be served effectively with one marketing mix most consumers are mainly concerned about brightness of teeth factors such as taste price and quotsex appealquot are not important most consumers are concerned about cost different market segments seek different product bene ts 5005 84 Clustering techniques applied to segmenting markets A usually require computers to group people based on data from market research B remove the need for managerial judgment C eliminate the need for marketing managers to specify in advance what dimensions might be relevant for grouping consumers D doesn t apply to demographic data E is time consuming and expensive 85 The three basic tasks of ALL managers according to the text are planning staffing and evaluating marketing production and finance execution feedback and control planning implementation and control hiring training and compensating WPOPquot 86 The difference between target marketing and mass marketing is that target marketing A means focusing on a small market B focuses on short run objectives while mass marketing focuses on long run objectives C focuses on specific customers while mass marketing aims at an entire market D aims at increased sales while mass marketing focuses on increased profits E does not rely on e commerce but mass marketing does 87 When one considers the strategy decisions organized by the four Ps branding is related to packaging as store location is to sales force selection personal selling is to mass selling production is to marketing branding is to pricing pricing is to promotion 909 88 Which of the following statements is not true under the Fair Labor Standards Act Children ages 16 and 17 may work unlimited hours in nonhazardous jobs Persons age 18 or over may work unlimited hours in nonhazardous jobs Children ages 14 and 15 may work limited hours in nonhazardous jobs Children under 14 cannot work at all except on farms Persons age 18 or over may work unlimited hours in hazardous jobs WPOPquot 89 Probable cause is most directly associated with which step of the criminal process Plea bargaining Arraignment Indictment Arrest Jury deliberations EDGE 90 Which of the following statements is generally not true about state intermediate appellate courts A The appellate court allows the parties to make oral arguments outlining their position B The appellate court allows the parties to introduce new evidence so long it was not previously introduced at the original trial C The appellate court usually allows the parties to file briefs outlining support for their positions D The appellate court reviews the record of the trial court E Appellate court decisions are final and further appeal is not possible 91 Which of the following terms need not be disclosed under Truthin Lending Act WUOW The terms available from competitors The total finance charge The cash price of the product The annual percentage rate APR Amount of payments 92 Which of the following activities by an administrative agency requires public notice and participation WPOF Substantive rule making and statements of policy only Statements of policy only Substantive rule making and interpretive rule making only Substantive rule making onlv Substantive rule making interpretive rule making and statements of policy 93 Which of the following is not one of the Caux Round Table Principles for International Business WUOW Promotion of Multiculturalism Respect for the Environment Support for Multilateral Trade Avoidance of Illicit Operations Responsibility of Business Beyond Shareholders Toward Stakeholders 94 The theory of business social responsibility that holds that a business owes duties solely to produce the highest return for its shareholders is 5005 The corporate citizenship theory The moral minimum theory The social audit theory The stakeholder interest theory The maximizing pro ts theory 95 Which social responsibility theory has been advocated by Novel Prizewinning economist Milton Friedman A Corporate citizenship B C Maximizing profits Corporate social audit D Stakeholder interest E Moral minimum 96 Which of the following lists in descending priority of sources considered by most courts in settling questions of international law A Conventions treaties comity customs B Treaties customs conventions comity C Treaties customs conventions comity D Conventions comity customs general principles of law E Treaties customs general principles of law judicial decisions and teachings 97 If the value of the collateral is less than the debt owed to the secured party then A The secured party gets to take some other property as collateral so his entire debt is secured B The secured party is still secured for the entire debt owed him C The secured party is unsecured for the entire debt D The secured party loses the excess of debt over the value of the security E The secured party is unsecured for the excess of debt over the value of the security 98 One study found that manufacturing labor costs about an hour in China compared to dollars in the United States A 2 about 25 B Less than 1 about 15 C Less than 1 about 40 D Less than 1 about 25 E About 2 about 15 99 Which country does the text describe as becoming the largest producer and consumer of many of the world39s goods China Japan Ecuador Mexico Canada WUOPUgt 100 Although the US has had a longstanding agreement with after the passage of NAFTA became the United States39 second largest trading partner Mexico Venezuela Canada Venezuela Great Britain Paraguay Mexico Canada Canada Mexico H005
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