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Accounting
Finance
Marketing
OM
Other
100
According the Accrual Accounting, record revenue and expense when ________
Transaction occurs (the company delivers the product to the customer)
100
You want to accept an investment when NPV of the investment ________
> 0
100
Name 4Ps
Product, Promotion, Place, Price
100
The interval between units completed by either the process or a work center
Cycle time
100
Name the the organization culture feels more ‘family like’ than ‘business like’, all employees are involved, with shared goals.
Clan Culture.
200
Increase in revenue is ______; Increase in expense is ______. (Debit / Credit)
Credit; Debit
200
Bobo sold 10 pizza to Prof. Nichols at $100 each. She bought those watermelon for $30 each. What is the Unit Contribution and contribution margin ratio?
Unit contribution = $100 - $30 = $70; %CM = 70/100=0.7
200
Name Porter's Five Forces
Threat of new entrant; Threat of substitution; Power of buyers; Threat of suppliers; Rivalry within the industry.
200
The cycle time of bottleneck is ______; the capacity of bottleneck is ______
Longest; Smallest
200
The margin I should use in business word documents.
1'
300
Prepaid Rent is a(n) ________ account
(current) asset
300
ROE = ____ x ____ x ____
ROS x ATO x EM
300
Name the two pricing strategy at introductory stage
Skimming; Penetration
300
The time of one unit entering the first stage until it exits the last stage is _______
Throughput time
300
Name the highest form of Emotional intelligence
Managing other people’s emotions
400
Ending Balance of Retained Earning
Beginning Balance of Retained Earning + Net Income - Dividends
400
When NPV < 0, IRR _____ Discount Rate
is less than
400
Bobo sells watermelon for $12. Her mark up rate if 20%. What is her cost?
$12 / (1+20%) = $10
400
This type of cost is the most difficult to estimate (internal failure cost, external failure cost, prevention cost or appraisal cost)
External Failure cost
400
Name the four types of audit opinion.
Unqualified; Qualified; Disclaimer; Adverse.
500
Cash Flow from Operating
Net Income + Depreciation - increase in Current Assets (except cash) + increase in Current Liabilities
500
When I want to compare $100 in 2011 and $120 in 2013, I need to ___________.
Find the PV of $120 and compare to $100, OR, find the FV of $100 and compare to $120
500
Customers within a segment should be _____; Customers in different segment should be _____; Segment is _____; Segmenting dimensions are _____;
Homogenous; Heterogeneous; Substantial; Operational.
500
There is only one stage in producing Strawberry Cheesecake Icecream. The labor cost is $5, the total material cost is $3. The stage yield is 80%. What is the stage-end cost?
$(3+5)/80%=$10
500
According to ______________, if we have 2 investment opportunities with the same maturity and the same risk, then return on both should be equal.
"The Law of One Price"