ANNUAL REPORTS
MANAGEMENT
ECONOMICS
ACCOUNTING
SECURITIES
100
This yearly document discusses the firm's activities during the past year and prospects for the future.
What is an ANNUAL REPORT?
100
These are the four components of the managerial hierarchy.
What are TOP/MIDDLE/SUPERVISORS/OPERATIVE EMPLOYEES?
100
This is the quantity of a good or service that people are willing to buy at a specific price.
What is DEMAND?
100
True or False? Public accountants are dependent accountants who serve individuals on a fee basis.
What is FALSE. (they are INDEPENDENT)
100
This is the most widespread form of stock ownership where the stockholders receive the right to vote on many important corporate decisions.
What is COMMON STOCK?
200
These are the three financial statements in the annual report.
What are BALANCE SHEET, INCOME STATEMENT, STATEMENT OF CASH FLOW?
200
The three skills a manager must have.
What are TECHNICAL/HUMAN RELATIONS/CONCEPTUAL?
200
This is the measure of responsiveness in the quantity demanded for a good or service as a result of a change of price of the same commodity.
What is ELASTICITY OF DEMAND?
200
U.S. accountants follow this standard when preparing financial statements.
What is GAAP? (GENERALLY ACCEPTED ACCOUNTING PRINCIPALS)
200
TRUE OR FALSE? Municipal bonds are issued by corporations.
What is FALSE. (They are issued by states, cities, countries, & other state & local government agencies)
300
These three types of assets make up the balance sheet.
What are CURRENT/FIXED/INTANGIBLE?
300
This person is part of top management and develops and implements a firm's strategic and financial direction.
What is a CFO?
300
These are the four types of unemployment.
What are FRICTIONAL/STRUCTURAL/CYCLICAL/SEASONAL?
300
The private organization responsible for establishing financial accounting standards in the U.S.
What is FASB? (FINANCIAL ACCOUNTING STANDARDS BOARD)
300
This other word for stated interest rate is the percentage of the bond's par value that the issuer will pay each year as interest.
What is COUPON RATE?
400
The three components of a company's obligations(liabilities).
What are CURRENT LIABILITIES/LONG-TERM LIABILITIES/OWNERS' EQUITY?
400
These are the four functions of management.
What are PLANNING/ORGANIZATION/LEADING,GUIDING, AND MOTIVATING OTHERS/CONTROLLING?
400
The Fed uses these to policies to control the amount of money circulating in the economy and interest rates.
What are CONTRACTIONARY & EXPANSIONARY POLICIES?
400
TRUE OR FALSE? Private accountants are accountants who are employed to serve one particular organization.
What is TRUE?
400
These are the two types of markets, in one prices rise, in the other, prices go down.
What are BULL & BEAR MARKET?
500
These are the three components of the income statement.
What are REVENUES/EXPENSES/NET PROFIT OR LOSS
500
These are the 5 steps in the decision-making process.
What are DEFINE THE PROBLEM-->IDENTIFY POSSIBLE SOLUTIONS-->SELECT ONE OR MORE ALTERNATIVES-->PUT THE PLAN INTO ACTION-->FOLLOW UP TO SEE IF THE PROBLEM IS SOLVED.
500
The government uses this policy to affect taxation and spending in the economy.
What is FISCAL?
500
The three things the Sarbanes-Oakley Act accomplishes.
What are SET NEW STANDARDS FOR AUDITOR INDEPENDENCE ,FINANCIAL DISCLOSURE ,REPORTING & INTERNAL CONTROLS/ ESTABLISHES AN INDEPENDENT OVERSIGHT BOARD/ & RESTRICTS THE TYPES OF NON-AUDIT SERVICES AUDITORS CAN PROVIDE AUDIT CLIENTS?
500
The U.S. Treasury distributes these three types of government bonds.
What are TREASURY BONDS/TREASURY NOTES/TREASURY BONDS?
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