C09V : Principles of Finance
Question-1
Of the following, which is NOT one of the four main areas of finance?
International finance
Corporate finance
Investments
All are considered main areas of finance.
Question-2
_______ is a major disadvantage of the corporate form of business.
Double taxation
Unlimited liability
Lack of ability to raise capital
Transfer of ownership
Question-3
Everything else equal, an industry with more leverage will have a:
higher return on assets.
higher return on equity.
lower return on equity.
Both A & B
Question-4
If you can earn 5.25% per year on your investments, how long will it take to double your money?
6.31 years
19.05 years
13.55 years
There is not enough information to answer this question.
Question-5
Travis bought a share of stock for $31.50 that paid a dividend of $.85 and sold six months later for $27.65. What was his dollar profit or loss and holding period return?
-$3.00, -9.52%
-$3.85, -12.22%
-$.85, -2.70%
-$3.85, -9.52%
Question-6
If you were required to estimate the average return for one category of securities for the coming year, history tells us that you should have the greatest degree of confidence estimating which of the following?
Long-term government bonds
3-month U.S. Treasury bills
Small-company stocks
Large-company stocks
Question-7
Which of the following are not considered a part of the firm's capital structure?
| Long-term debt |
| Retained earnings |
| Inventory |
| Preferred stock |
Question-8
Which of the following choices lists the least to most aggressive actions in the pursuit of overdue debt?
1) a collection agency, 2) court action, 3) a letter requesting overdue payment
1) court action, 2) a collection agency, 3) a letter requesting overdue payment
1) a letter requesting overdue payment, 2) court action, 3) a collection agency
1) a letter requesting overdue payment, 2) a collection agency, 3) court action
Question-9
John is in a high income-tax bracket and wishes to minimize current taxes payable. He also has a sizeable current income and prefers high growth rates to significant annual cash flow from his equity investments. Which of the following dividend polices would John most likely prefer if we assume that the dividend policy has no impact on the value of the firm and that the capital gains tax rate is lower than the ordinary tax rate?
High-dividend-payout policy
No-dividend-payout policy
Low-dividend-payout policy
John would be indifferent to all of the dividend policies.
Question-10
Which of the following would NOT be considered a cost of debt financing?
The required return on a bank loan
The required return on preferred stock
The yield-to-maturity of a bond issue
The required return on money borrowed from a venture capitalist
A03V : Principles of Accounting II
Question-1
Issued stock is:
authorized shares of stock that can be sold.
stock only sold to another company.
shares sold and in stockholders' possession.
stock sold to stockholders.
Question-2
In the statement of cash flows, which event would cause net income to be increased?
A decrease in Inventory
An increase in Prepaid Insurance
A decrease in Accounts Payable
An increase in Accounts Receivable
Question-3
Finished Goods Inventory appears on which of the following statements on the worksheet?
Statement of cost of goods manufactured and income statement
Statement of cost of goods manufactured and balance sheet
Income statement and balance sheet
Income statement and cost of goods sold statement
Question-4
One reason a corporation might issue bonds rather than sell stock is that :
bond interest is a tax-deductible expense.
interest rates are high.
dividends will lower the amount of tax due.
bondholders have claims at liquidation.
Question-5
For a corporation, bond interest :
is treated the same as dividends for tax purposes.
has no effect on earnings and therefore has no effect on income taxes.
reduces income tax by reducing earnings.
None of the above.
Question-6
Dividends paid to stockholders are:
taxable to the recipient stockholder.
taxable to the corporation.
treated the same as bond interest.
None of the above.
Question-7
If beginning and ending inventories are $20,000 and $30,000, respectively, and cost of goods sold is $400,000, what is the inventory turnover ratio?
18
16
15.5
15
Question-8
Declaration of a cash dividend causes:
an increase in stockholders' equity.
an increase in cash.
an increase in liabilities.
None of the above.
Question-9
The current ratio is:
quick assets divided by current liabilities.
assets divided by liabilities.
current assets divided by current liabilities.
net sales divided by current liabilities.
Question-10
When the contract rate of interest on bonds is equal to the market rate of interest, bonds sell at:
a premium.
their face value.
their maturity rate.
a discount.
C13V : Microeconomics
Question-1
Which of the following is NOT demonstrated by a production possibility curve?
Scarcity
Opportunity cost
Necessity for choice due to scarcity
Price
Question-2
The market price __________ the equilibrium price.
can be higher than, but never lower than
can be lower than, but never higher than
can be higher than, or lower than
is always equal to
Question-3
The poverty line is set:
by the U.S. Bureau of the Census (based on family food budgets).
at the same income level right now as it's been since 1982.
so high that over 30% of all Americans are officially poor.
by the United Nations for every country in the world.
Question-4
If a monopolist has a straight-line demand curve, then its marginal revenue curve will:
be the same as the demand curve.
fall twice as quickly as the demand curve.
lie below the demand curve at all points.
cross the demand curve.
Question-5
As long as total utility is increasing, we know that marginal utility is:
positive.
decreasing.
increasing.
negative.
Question-6
A key reason that our gasoline prices elevated rapidly from 2006 to 2008 was:
tight global supplies and high prices.
the war in the Middle East.
greed by oil exporting countries.
inflation.
Question-7
In order for real wages to grow:
productivity must grow.
productivity must fall.
money wages must grow.
money wages must fall.
Question-8
The substitution effect and the output effect work in the:
same direction some of the time.
same direction all of the time.
opposite direction some of the time.
opposite direction all of the time.
Question-9
The law of demand holds for:
individuals, but not for markets.
markets, but not for individuals.
both individuals and for markets.
neither individuals nor for markets.
Question-10
A firm will maximize its profits or minimize its loss at the output where:
the difference between price and marginal cost is at its maximum.
total cost equals total revenue.
marginal cost equals marginal revenue.
total revenue equals variable cost.
M03V : Organizational Behavior
Question-1
_________ summarize the statistical relationships between variables.
Data
Correlations
Observations
Collections
Question-2
Which of these involves maintaining a good attitude with coworkers, even when they have done something annoying or when the unit is going through tough times?
Helping
Courtesy
Sportsmanship
Civic virtue
Question-3
Which of these is defined as a psychological response to demands for which there is something at stake and coping with those demands taxes or exceeds a person's capacity or resources?
Moods
Lethargy
Burnout
Stress
Question-4
The belief that successful performance will result in some outcomes is known as:
instrumentality.
valence.
complexity.
expectancy.
Question-5
If Sandy comes to the group meeting late and you feel that she is coming late because she has a low motivation for work, it could reflect a(n):
self-serving bias.
fundamental attribution error.
anchoring error.
illusion of control error.
Question-6
Critical, selfish, and rude are opposite traits for which dimension of the Big Five?
Conscientiousness
Extraversion
Agreeableness
Openness
Question-7
During which stage of team development do members realize that they need to work together to accomplish team goals and begin to cooperate, and build solidarity?
Performing
Forming
Norming
Warming
Question-8
Which of the following factors is included in the time-driven model of leadership?
Intellectual stimulation
Shared objectives
Idealized influence
Individual personality
Question-9
At ABC Manufacturing, only the top managers have the authority to make final decisions on just about everything. ABC can be described as a highly __________ structure.
wide
localized
moderate
centralized
Question-10
ABC International recently published its vision statement. This is an example of:
observable artifacts.
stories.
basic underlying assumptions.
espoused values.
C12V : Business Law
Question-1
Ordinances are codified laws that are issued by:
the President.
state legislature.
Supreme Court judges.
local government bodies.
Question-2
Libel and slander constitute:
the tort of outrage.
defamation of character.
the tort of appropriation.
intentional misrepresentation.
Question-3
The fraudulent creation or alteration of a written document that affects the legal liability of another person is called:
extortion.
larceny.
embezzlement.
forgery.
Question-4
Which of the following must a promissory note contain to make it negotiable?
Acknowledgement of debt
Implied promise to pay
Unconditional affirmative to pay
Promise to negotiate
Question-5
What is the employer's advantage in offering workers' compensation?
The employer need not pay for workers' compensation insurance.
The employer is exempt from having to offer paid medical leave.
The employer can avoid a lawsuit from an injured worker.
The employer can offer lower basic pay to workers.
Question-6
__________ discrimination occurs when an employer discriminates against an entire protected class.
Disparate treatment
Disparate impact
Favored treatment
Unfair impact
Question-7
Which of the following happens when a general partner withdraws from a limited partnership?
The partnership must be sold.
The partnership is transferred.
The partnership is dissolved.
The partnership operates normally.
Question-8
Which of the following is true regarding FDA regulations for cosmetics?
There is no law in the United States against animal testing for cosmetics.
All substances and preparations for cosmetic use are chemically proven to be free from carcinogens before sale by the FDA.
Ordinary household soap is evaluated in terms of its quality and safety as a cosmetic good under the FDA.
New cosmetics are released on the market only if they have the "CRUELTY-FREE" label on their package.
Question-9
A merger between two or more companies that compete in the same business and geographical market is known as a(n):
horizontal merger.
vertical merger.
market extension merger.
conglomerate merger.
Question-10
The legal rights that an owner has to possess, use, and enjoy his or her property are known as:
future interests.
estate in land.
easement rights.
estoppel by deed
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