Finance
Material, labor, and overhead are all components that might be the focus of
1. variance analysis.
2. marketing management.
3. performance evaluation.
4. sales reporting.
Variance Analysis
. Jeremy's Nutrition Company brands its new J-Bar protein bar with a logo, tagline, and color scheme. What is the final stage of brand loyalty that new products like the J-Bar strive to reach?
Brand insistence
Brand preference
Brand recognition
Brand awareness
Brand insistence
What management function is responsible for coordinating resources in ways that maximize efficiency?
Controlling
Directing
Staffing
Organizing
Organizing
Why do many businesses encourage team building?
To develop training
To understand diversity
To improve performance
To obtain feedback
To improve performance
. Merchandise has been purchased with terms 2/10, n/30, and the invoice is dated April 13. By what date must the business pay the invoice in order to take advantage of the discount offered?
A. May 13
B. May 10
C. April 30
D. April 23
April 23rd
A financial advisor should try to
Demonstrate wealth in an overt, flashy way.
Hide gaps in knowledge with confidence.
Explain the reasoning for any changes.
Talk about products more than they listen.
Explain the reasoning for any changes
A business might be involved in the illegal activity of deceptive pricing if it
offers special prices on a discontinued item.
Sells products at a limited number of predetermined price points.
Changes prices according to current demand.
Misleads customers about the true value of a product.
Misleads customers about the true value of a product
A business owner who prefers to maintain complete control of all business activities might consider structuring their venture as a(n)
limited liability company.
general partnership.
sole proprietorship.
"S" corporation.
Sole Proprietorship
The business owner carried insurance on the building, office equipment, and inventory. This is an example of
what type of operating cost?
A. Fixed expense
B. Variable expense
C. Interest expense
D. Legal expense
Fixed Expense
A credit plan that allows customers to make purchases that are within their credit limit and pay all or part of the balance due each month is referred to as a(n) __________ credit plan.
A. coupon
B. budget
C. open
D. revolving
Revolving
For which of the following types of credit would you need to ask a customer to make a down payment:
A. Installment loan
B. Revolving credit account
C. Option account
D. Open account
A. Installment Loan
Which of the following data collection methods would best measure actual repeat business:
Collecting personal information from online registrations
Collecting data on product purchases from loyalty programs
Tracking cookies from customers' web browsing activity
Surveying customers about their recent store experiences
Collecting data on product purchases from loyalty programs
What information does a business always need to have when it conducts a break-even analysis?
Variable costs and fixed costs
Production time and depreciation rates
Production time and variable costs
Fixed costs and depreciation rates
Variable Costs and Fixed Costs
What is a possible downside of obtaining investment from venture capitalists?
The slow rate of growth
Repaying the money
Sharing company ownership
The increased chance of failure lists
Sharing Company Ownership
After ordering a new phone case, Heather was so satisfied with her purchase that she decided to share her
opinion by writing a positive review online. She also told several of her family members, friends, and colleagues
about the case. This is most likely an example of the __________ moment of truth.
A. second
B. ultimate
C. first
D. zero
Ultimate
A statement of equity helps companies make decisions about how to..
Organize income statements.
Analyze financial trends.
Control their production costs.
Reinvest their retained earnings
Reinvest their retained earnings
In the event of a dispute between a policyholder and an insurance company, who is most likely to do what is best for the policy holder versus the insurance company?
Underwriter
Independent agent
Direct writer
Captive agent
Independent Agent
Which of the following legal processes is a nonbinding way to resolve a dispute:
Arbitration
Mediation
Litigation
Mitigation
Mediation
A feasibility study can form a solid foundation for which of the following business documents:
A. Annual sales report
B. Balance sheet
C. Income statement
D. Business plan
Business Plan
Countries record the flow of imports, exports, foreign aid, business investment, foreign investments, and money spent by tourists in order to determine their..
A. number of multinationals.
B. balance of payments.
C. volume of production.
D. need for trade missions.
Balance of Payments
Which of the following are examples of detective internal controls:
A. Authorizing invoices and verifying expenses
B. Making purchases and approving payments
C. Monthly reconciliation of bank accounts and accepting inventory
D. Audits and reconciliation of petty cash accounts
Audits and reconciliation of petty cash accounts
A sample indicates that the average income in the northwest region is $31,257. This is an example of __________ statistical information.
Sequential
Unilateral
Descriptive
Multivariate
Unilateral
If a company wants to ensure that changes are implemented in the best possible way and that those changes will lead to long-term benefits, it should use the __________ approach.
A. change-management
B. solution-finding
C. problem-solving
D. change-avoidance
Change-Management
The Lyle Group is incorporating an enterprise risk management (ERM) plan to better manage its risk this year. The Lyle Group should include its finalized ERM plan in its __________ to make the information available to all stakeholders.
quarterly projections
annual report
Balance sheet
Annual budget
Annual report
Which of the following techniques involves capturing knowledge in a table by grouping similar variables,
concepts, or properties:
A. Constrained task
B. Concept map
C. Repertory grid
D. Process model
Repertory Grid