FIN 304
Present value of cash flows minus investment.
Net Present Value (NPV)
A food processing company is facing quality control issues, resulting in customer complaints. What should the company focus on when identifying the root causes of the quality problems?
a) Ignoring customer complaints.
b) Identifying potential root causes in the production process.
c) Reducing product variety.
d) Raising prices to improve quality.
b) Identifying potential root causes in the production process.
Name one of Tuckman's Stages of Team Development
Forming, Storming, Norming, Performing, and Adjourning
What’s it called when a company acts in ways that benefit society, not just profits? (CSR)
Corporate social responsibility
This frozen treat is made by churning cream, sugar, and flavoring.
Ice cream
A company has current assets of $8,000 and current liabilities of $4,000. What’s its current ratio?
Current Ratio = 8000 ÷ 4000 = 2.0
A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. The cost-minimizing solution for this product is to order:
A) all 4000 units at one time.
B) 200 units per order.
C) every 20 days.
D) 10 times per year.
E) none of these
B) 200 units per order.
What does EVLN stand for?
Exit, Voice, Leave, Neglect
NAFTA is a trade agreement between which three countries?
The U.S., Canada, and Mexico
This U.S. holiday celebrates independence and is known for BBQs and fireworks.
The Fourth of July
A firm has net income of $20,000 and total assets of $100,000. What’s its Return on Assets (ROA)?
ROA = 20000 ÷ 100000 = 0.20 or 20%
a. all items in inventory must be monitored very closely.
b. there are usually a few critical items, and many items that are less critical.
c. an item is critical if its usage is high.
d. more time should be spent on class "C" items because there are many more of them.
b. there are usually a few critical items, and many items that are less critical.
The tendency for someone's expectations about another to cause that individual to behave in a manner consistent with those expectations
Self-fulfilling prophecy
This is what you give up when you choose one option over another.
Opportunity cost
This U.S. state is nicknamed The Sunshine State.
Florida
What is the future value of $1,000 invested for 2 years at an annual interest rate of 5%?
FV = 1000 × (1 + 0.05)^2 = $1,102.50
A simple CPM network has five activities, A, B, C, D, and E. A is an immediate predecessor of B and of C. B is an immediate predecessor of D and of E. C is an immediate predecessor of E. Which of the following statements is TRUE?
A) There are two paths in this network.
B) There are four paths in this network.
C) There are five paths in this network.
D) There are three paths in this network.
E) There are six paths in this network.
D) There are three paths in this network.
When something good happens, you attribute it to internal factors. When something bad happens, you attribute it to external factors
Self-serving bias
If supply goes up and demand stays the same, what usually happens to the price?
Price goes down
What day is the official first day of summer in the U.S.? It is also the longest day of the year.
June 20th or 21st — the summer solstice
A project costs $500 and will return $550 in one year. The discount rate is 10%. What is the NPV?
NPV = 550 ÷ (1 + 0.10) – 500 = 500 – 500 = 0
Which of the following statements regarding critical paths is TRUE?
A) The shortest of all paths through the network is the critical path.
B) Some activities on the critical path may have slack.
C) Every network has only one critical path.
D) On a specific project, there can be multiple critical paths, all with exactly the same duration.
E) The duration of the critical path is the average duration of all paths in the project network.
D) On a specific project, there can be multiple critical paths, all with exactly the same duration.
How much an object/stimuli stands out
Salience
What is someone who reports illegal or unethical behavior inside a company?
Whistleblower
This layer of the atmosphere protects us from the sun’s UV rays, especially important in summer.
The ozone layer