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Accounting Principles
Fin. Concepts
Fin. Ana. & Dec. Making
Human Res.
Bus. Dec Making
100
If a company fails to record estimated bad debt expense, which one of the following will happen? a. net income is overstated b. accounts receivable is understated c. net income is understated d. allowance for doubtful accounts is overstated
If a company fails to record estimated bad debt expense, which one of the following will happen? a. net income is overstated
100
The _________ is the annual rate of interest earned on a security purchased on a given date and held to maturity. a. free rate b. yield curve c. term structure d. yield to maturity
The _________ is the annual rate of interest earned on a security purchased on a given date and held d. yield to maturity
100
The accountant's primary function is: a. evaluating the financial statements b. making decisions based on financial data c. the collection and presentation of financial data d. planning cash flows
The accountant's primary function is: c. the collection and presentation of financial data
100
A new standard the courts are applying in sexual harassment cases is the: a. reasonable person test b. reasonable women test c. reasonable man test d. reasonable teenager test
A new standard the courts are applying in sexual harassment cases is the: b. reasonable women test
100
Sony Corporation requires all employees to participate in a Web-based compliance and business ethics training program. This type of program primarily serves which level of ethics development? a. ethical action b. ethical awareness c. ethical leadership d. ethical reasoning
Sony Corporation requires all employees to participate in a Web-based compliance and business ethics training program. This type of program primarily serves which level of ethics development? d. ethical reasoning
200
Why is it so important for accountants to have integrity? a. to comply with laws b. so that they can make more money c. so that someone checks on management d. so that users can rely on the financial information given to them
Why is it so important for accountants to have integrity? d. so that users can rely on the financial information given to them
200
A _________ is a restrictive provision on a bond which provides for the systematic retirement of the bonds prior to their maturity. a. sinking-fund requirement b. redemption clause c. subordination clause d. conversion feature
A _________ is a restrictive provision on a bond which provides for the systematic retirement of the bonds prior to their maturity. a. sinking-fund requirement
200
The key variables in the owner wealth maximization process are: a. cash flows and risk b. earnings per share and risk c. profits and risk d. earnings per share and share price
The key variables in the owner wealth maximization process are: a. cash flows and risk
200
Human resource plans must always be aligned with changes produced by: a. the actions of competitors b. the demand for the company's services c. the company's strategic plan d. redesign of the company's products
Human resource plans must always be aligned with changes produced by: C. the company's strategic plan
200
The concern that a business has for the welfare of society as a whole is known as: a. the fairness doctrine b. utilitarianism c. social responsibility d. business ethics
The concern that a business has for the welfare of society as a whole is known as: c. social responsibility
300
Generally accepted accounting principles are: a. income tax regulations of the Internal Revenue Service b. principles that have been proven correct by academic researchers c. theories that are based on physical laws of the universe d. standards that indicate how to report economic events
Generally accepted accounting principles are: d. standards that indicate how to report economic events
300
If the required return is less than the coupon rate, a bond will sell at: a. par b. a premium c. a discount d. book value
If the required return is less than the coupon rate, a bond will sell at: b. a premium
300
On the balance sheet net fixed assets represent: a. gross fixed assets at market value minus depreciation expense b. gross fixed assets at cost minus accumulated depreciation c. gross fixed assets at market value minus accumulated deprecation d. gross fixed assets at cost minus depreciation expense
On the balance sheet net fixed assets represent: b. gross fixed assets at cost minus accumulated depreciation
300
What are those values that you consistently rank higher than others? a. communication values b. virtual values c. core values d. focus values
What are those values that you consistently rank higher than others? c. core values
300
When is the accounting cycle complete? a. after the information is used as a source for decision making b. after the recording of transaction in ledgers c. after payments are received for the goods shipped d. after the preparation of the financial statements
When is the accounting cycle complete? a. after the information is used as a source for decision making
400
Treasury stock is: a. a corporate stock issued by the treasurer of a company b. a corporation's own stock which has been reacquired but not canceled c. stock of another company purchased by a corporation and held as an asset d. stock issued by the U.S. Treasury Department
Treasury stock is: b. a corporation's own stock which has been reacquired but not canceled
400
The spot exchange rate is the rate _________ and the forward exchange rate is the rate _________ between two major currencies. a. today; on that date b. on that date; today c. at some specified future date; today d. on that date; at some specified future date
The spot exchange rate is the rate _________ and the forward exchange rate is the rate _________ between two major currencies. d. on that date; at some specified future date
400
A financial manager facing a capital budgeting decision must decide whether to: a. use primary markets or secondary markets b. issue stock or debt securities c. buy new machinery or repair the old d. use the money market or capital market
A financial manager facing a capital budgeting decision must decide whether to: c. buy new machinery or repair the old
400
What is flextime’s major drawback? a. Not all employees have computers. b. It is not applicable to every job. c. Not everyone wants to work part-time. d. Tardiness increases.
What is flextime’s major drawback? b. It is not applicable to every job.
400
Maria Perez is studying the firm's operational forecasts. Afterward, she will compile a forecast of revenues and expenses that will set the company's spending limits for the next year. What is Maria doing? a. compiling a statement of cash flows b. compiling a capital budget c. compiling a cash budget d. compiling a long-term operational forecast
Maria Perez is studying the firm's operational forecasts. Afterward, she will compile a forecast of revenues and expenses that will set the company's spending limits for the next year. What is Maria doing? c. compiling a cash budget
500
If a liability is dependent on a future event, it is called a:
If a liability is dependent on a future event, it is called a: c. contingent liability
500
The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the _________ interest rate.
The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the _________ interest rate. a. nominal
500
An employee of an investment house who executes orders on the floor of the exchange for customers of the firm is called a:
An employee of an investment house who executes orders on the floor of the exchange for customers of the firm is called a: d. commission broker
500
Under the terms of a(n) ____ shop agreement, new workers are required to join the union within a 60-day period as a condition of continued employment.
Under the terms of a(n) ____ shop agreement, new workers are required to join the union within a 60-day period as a condition of continued employment. c. union
500
Which bonds are considered to be the most secure?
Which bonds are considered to be the most secure? d. government bonds