BUS475 Capstone Final Exam Part-2 Score 92%

Q1) A SWOT analysis is a framework for analyzing a firm's environments. A SWOT is made up of

Internal environmental analysis of threats and weaknesses.

External analysis of strengths and opportunities.

Internal threats and weakness and external strengths and opportunities.

Internal strengths and weaknesses; external threats and opportunities.

Q2) GAAP, compared to IFRS, tends to be more:

simple in disclosure requirements

simple in accounting requirements

principles-based

rules-based

Q3) Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:

the idea that organizations are solely responsible to local citizens

the idea that businesses are responsible to maintain a healthy social climate for their employees

the expectation that business will strive to improve the overall welfare of society

the fact that court costs could impact the financial bottom line

Q4) Which of the following can be represented by a continuous random variable?

The number of typos found on a randomly selected page of this test bank

The number of students who will get financial assistance in a group of 50 randomly selected students

The number of customers who visit a department store between 10:00 a.m. and 11:00 a.m. on Mondays

The average temperature in Tampa, Florida, during the month of July

Q5) Interest may be included in the acquisition cost of a plant asset:

during the construction period of a self-constructed asset.

if the asset acquisition is financed by a long-term note payable.

if the asset is purchased on credit.

if it is a part of a lump-sum purchase.

Q6) The preparation of adjusting entries is:

needed to ensure that the expense recognition principle is followed.

straightforward because the accounts that need adjustment will be out of balance

optional when financial statements are prepared.

only required for accounts that do not have a normal balance.

Q7) What is an advantage of the correlation coefficient over the covariance?

It falls between -1 and 1.

It is a unit-free measure, therefore making it easier to interpret.

It falls between -1 and 1; and it is a unit free measure, therefore making it easier to interpret.

It falls between 0 and 1. 

Q8) Which of the following controls would best help detect the removal of a blank check by an employee from the back of a company's checkbook for subsequent misappropriation of funds?

Tracing any debit memorandums from the bank to the company's records

A review of the cash budget

An accounting policies manual

The use of pre-numbered checks

Q9) When collection is made on Accounts Receivable,

Stockholders equity will increase.

total assets will remain the same.

total assets will decrease.

total assets will increase.

Q10) Which trial balance will consist of the greatest number of accounts?

Balance

Adjusted trial balance

Trial balance

Post-closing trial balance

Q11) Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally:

capitalized as a part of the cost of the asset.

not recorded until they become material in amount.

expensed when incurred.

debited to the Accumulated Depreciation account.

Q12) For both qualitative and quantitative data, what is the difference between the relative frequency and the percent frequency?

The percent frequency equals the relative frequency multiplied by 100

As opposed to the percent frequency, the relative frequency is divided by the number of observations  the data set.

The relative frequency equals the percent frequency multiplied by 100.

The percent frequency equals the relative frequency multiplied by 100

As opposed to the relative frequency, the percent frequency is divided by the number of observations in the data set.

Q13) Trumpeting Trumpets has the following inventory data:

July 1:  Beginning inventory 30 units at $120

July 5:  Purchases                           180 units at $112

July 14: Sale   120 units

July 21: Purchases 90 units at $115

July 30: Sale 84 units

Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis?

$10,992

$23,118

$11,022

$23,088

Q14) According to value-chain analysis, which of the following would be considered part of the general administration in a firm?

procurement

technology development

information systems

human resource management

Q15) Which of the following can be represented by a discrete random variable?

The number of defective light bulbs in a sample of five

The average distance achieved in a series of long jumps

The circumference of a randomly generated circle

The time of a flight between Chicago and New York

Q16) According to the text, the triple bottom line approach to corporate accounting includes three components: 

financial, organizational, and customer

financial, environmental, and customer

financial, organizational, and psychological

financial, environmental, and social

Q17) Sarbanes Oxley applies to:

U.S and international companies.

international companies but not U.S. companies.

U.S. and Canadian companies but not other international companies.

U.S companies but not international companies.

Q18) Vertical analysis is a technique that expresses each item in a financial statement:

as a percent of the item in the previous year.

starting with the highest value down to the lowest value.

in dollars and cents.

as a percent of a base amount.

Q19) Which of the following meets the requirements of a simple random sample?

A population contains 10 members under the age of 25 and 20 members over the age of 25. The sample will include six people chosen at random, without regard to age.

A population contains 10 members under the age of 25 and 20 members over the age of 25. The sample will include two people chosen at random under the age of 25 and four people chosen at random over 25.

A population contains 10 members under the age of 25 and 20 members over the age of 25. The sample will include six people who volunteer for the sample.

A population contains 10 members under the age of 25 and 20 members over the age of 25. The sample will include six males chosen at random, without regard to age.

Q20) The owner of a company has recently decided to raise the salary of one employee, who was already making the highest salary, by 20%. Which of the following is(are) expected to be affected by this raise?

Mean, median, and mode

Median only

Mean and median only

Mean only

Q21) The acquisition of treasury stock by a corporation:

decreases its total assets and total stockholders' equity.

requires that a gain or loss be recognized on the income statement.

increases its total assets and total stockholders' equity.

has no effect on total assets and total stockholders' equity.

Q22) Under the accrual basis of accounting:

the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles.

cash must be received before revenue is recognized.

events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

net income is calculated by matching cash outflows against cash inflows.

Q23) The resource-based view (RBV) of the firm combines two perspectives:

the interrelationships among the primary activities of the firm and corporate management

the industry and the competitive environment

the internal analysis of the firm and the external analysis of the industry and competitive environment

the primary and support activities of the firm

Q24) Cost allocation of an intangible asset is referred to as:

accretion

capitalization

depreciation

amortization

Q25) The fraud triangle applies to:

U.S. and Canadian companies, but not other international companies.

U.S companies but not international companies.

international companies but not U.S. companies.

U.S and international companies.

Q26) On March 1st, Candy, Inc. had supplies on hand of $1,500. During the month, Candy purchased supplies of $2,900 and used supplies of $2,800.  The March 31st balance sheet should report what balance in their supplies account?

$1,600

$1,500

$2,900

$2,800

Q27) The acquisition of treasury stock by a corporation:

has no effect on total assets and total stockholders' equity.

decreases its total assets and total stockholders' equity.

increases its total assets and total stockholders' equity.

requires that a gain or loss be recognized on the income statement.

Q28) In multiple regression, plot the residuals against ____ to detect changing variability.

Collinear variables

All explanatory variables

The response variable

The predicted values

Q29) Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of _______________. 

using related diversification to achieve value by integrating vertically in order to acquire market power

using related diversification to achieve value by pooling negotiating power to achieve market power

using related diversification to achieve value by leveraging core competencies to achieve economies of scope

using related diversification to achieve value by integrating vertically in order to attain economies of scope

Q30) __________involves ensuring proper strategic controls and organizational designs. 

Strategy implementation

Business-level strategy

Corporate-level strategy

Corporate governance

Q31) The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

$9,000

$1,800

$6,300

$12,600

Q32) Which financial statement would best indicate whether the company relies on debt or stockholders' equity to finance its assets?

Retained earnings statement

Statement of cash flows

Income statement

Balance sheet

Q33) Is it possible for a data set to have no mode?

No, if the data set is nonempty, there is always a mode

No, unless there is an odd number of observations

Yes, if there are no observations that occur more than once

Yes, if two observations occur twice

Q34) Sampling is used heavily in manufacturing and service settings to ensure high-quality products. In which of the following areas would sampling be inappropriate?

Custom cabinet making

Computer assembly

Technical support by phone

Cell phone manufacturing

Q35) Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, accounts receivable collected would be classified on the statement of cash flows.

Does not represent a cash flow.

Financing activities section.

Investing activities section.

Operating activities section.

Q36) An analyst believes the probability that U.S. stock returns exceed long-term corporate bond returns over a 5-year period is based on personal assessment. This type of probability is best characterized as a(n) ____________.

Empirical probability

A priori probability

Objectivity probability 

Subjective probability

Q37) A post-closing trial balance will show:

zero balances for all accounts

only income statement accounts

only balance sheet accounts

zero balances for balance sheet accounts

Q38) Which of the following requirements about internal controls were enacted under the Sarbanes Oxley Act:

Independent outside auditors must eliminate redundant internal controls.

Companies must develop sound internal controls over financial reporting.

Companies must assess the functionality of internal controls only when a violation occurs.

Internal auditors replace independent outside auditors when evaluating the level of internal control.

Q39) Continuous monitoring, in the contemporary approach, is beneficial because _____________. 

organization response time is increased

it increases the time it takes to detect changes in the competitive environment

It reduces time lags

organizational flexibility is reduced

Q40) WellPoint Health Network states: WellPoint will redefine our industry: through a new generation of consumer-friendly products that put individuals back in control of their future. This is an example of a: 

Strategic objective

Line manger's individual goal

Vague statement of direction

Vision statement

Q41) Which of the following is not a current liability on December 31, 2014?

A Note Payable due December 31, 2015

A lawsuit judgment to be decided on January 10, 2015

An Accounts Payable due January 31, 2015

Accrued salaries payable from 2014

Q42) Which of these statements regarding the industry life cycle is correct?

Part of the power of the market life cycle is its ability to serve as a short-run forecasting device.

It points out the need to maintain a differentiation advantage and a low cost advantage simultaneously.

It has important implications for company generic strategies, functional areas, value-creating activities, and overall objectives.

Trends suggested by the market life cycle model are generally not reversible or repeatable.

Q43) If a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%?

$120,000

$280,000

$400,000

$4,000,000

Q44) Green, Inc. had 200,000 shares of common stock outstanding before a stock split occurred and 800,000 shares outstanding after the stock split. The stock split was:

1-for-8

4-for-1

8-for-1

2-for-8

Q45) You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent.

95%

97.5%

5%

2.5%

Q46) What is a difference between merchandising companies and service enterprises?

Cost of goods sold is an expense for service enterprises but not for merchandising companies.

The operations in merchandising companies and service enterprises are identical.

Merchandising companies must prepare multiple-step income statements and service enterprises must prepare single-step income statements.

Merchandising companies generally have a longer operating cycle than service enterprises.

Q47) International Financial Reporting Standards (IFRS): 

implies that receivables with different characteristics should be reported separately.

implies that receivables with different characteristics should be reported as one un-segregated amount.

requires that receivables with different characteristics should be reported separately.

requires that receivables with different characteristics should be reported as one un-segregated amount.

Q48) In a simple linear regression model, if the plots on a scatter diagram lie on a straight line, what is the standard error of the estimate?

Infinity

0

-1

+1

Q49) Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of _______________. 

using related diversification to achieve value by integrating vertically in order to attain economies of scope

using related diversification to achieve value by pooling negotiating power to achieve market power

using related diversification to achieve value by integrating vertically in order to acquire market power

using related diversification to achieve value by leveraging core competencies to achieve economies of scope

Q50) The four key attributes of strategic management include the idea that:

Strategy must be focused on long-term objectives.

Strategy must be focused on one specific area of an organization.

Strategy must be directed toward overall organizational goals and objectives.

Strategy must be focused on competitor strengths.

 

BUS475 Week-2 SWOT Analysis

Write a 700- to 1,050-word paper in which you address the following: 

• Discuss the elements of a SWOT analysis.  What elements to all SWOT analyses have in common?  Why might some be different? 

• Identify the elements the team considers most important and that would be included in a SWOT conducted by the team. Why were these chosen?

• Explain the purpose of a SWOT analysis.  What are the alternatives?

• Discuss the advantages and disadvantages of the SWOT analysis.

 

                      

BUS475 Week-3 Capston Final Exam Score 82%

Under the regulations of interstate commerce:

The states have the exclusive power to commerce that passes that passes across their lines.

Regulation on any activity is appropriate if it aids interstate commerce.

Activities affecting interstate commerce do not come under the power of the deferral government.

Intrastate activities affecting interstate commerce can be regulated only by the state governments.

Frequent, abusive, threatening phone calls by creditors are most likely to provoke the basis for a claim of _____________.                     

intentional infliction of emotional distress

misrepresentation

malicious representation

false imprisonment and malicious prosecution

A receptive developmental network is__________.

    made up of weak ties to multiple developers from a variety of social systems

    made up of numerous strong ties to developers from one social system

    made up of a few weak ties from one social system

    made up of strong ties to several developers from four different social systems

Advertising, personal selling, sales promotion, public relations, and direct marketing are marketing communications alternatives that make up a firm's __________.

    marketing mix

    media strategy

    communication source

    promotional mix

The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:

    Exceed both the marginal cost and the average total cost of diamonds.

    Be equal to the marginal cost of diamonds.

    Exceed the marginal cost of diamonds but equal to the average total cost of diamonds.

    Be equal to the average total cost of diamonds.

When does the straw man fallacy occur?

    When a person falsifies or overstates an adversary's position.

    When a decision maker dismisses an alternative that fails to solve the issue completely.

    When a person tries to disprove a claim based on its source.

    When a person considers only 2 alternatives even when other options are available.

Your résumé should tell a story of______. 

    everything you have learned and done in your previous job

    how you plan to improve your areas of weakness

    the value you can provide to a company

    Your educational accomplishments

Alex is playing his music at full volume in his dorm room. The other people living on his floor found this to be a nuisance, but Alex doesn't care. Alex's music playing is an example of:

    negative externality

    positive externality

    normative externality

    Pareto externality

Federal law and business leaders alike favor ____________ as a means of governing private business ethics.

    Self-regulation by companies

    Giving the federal government exclusive jurisdiction regarding ethics and ethics violation enforcement.

    Establishment of federal regulators in all private companies to establish and enforce ethical standards.

    Creating uniform statutes of business ethics.

Which of the following is the path through which contractionary monetary policy works?

    Money down implies interest rate up implies investment up implies income down

    Money down implies interest rate up implies investment down implies income down

    Money down implies interest rate down implies investment down implies income down

    Money down implies interest rate down implies investment up implies income down

Identify an example of spontaneous creativity.

    Settling a disagreement quickly in a simple way.

    Modifying the strategies and procedures of a group.

    Organizing annual meetings and get-togethers innovatively.

    Establishing win-win relationships with other people.

A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of:

    Bona fide occupational qualifications

    Circumstantial evidence

    Inculpatory evidence

    Exclusionary rule

Marketing refers to__________.

    the process of identifying target market segments for a product or service

    the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization, its stakeholders, and society at large

    the activity involved in getting a product or service from the manufacturer to ultimate consumers and organizational buyers

    the production of products or services that will generate the highest return on investment

In order to focus your presentation on people, you should______. 

    avoid using presentation software or other technology

    use a lot of "I" statements

    include as many photographs as possible in your slides

    make individuals and groups the subject of your sentences

Marketing research refers to__________.

    the use of information technology to find objective solutions to a marketing problem

        the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions

        the science of using observable human behavior in order to identify and solve marketing problems

        the process of systematically collecting and analyzing information in order to define a marketing problem

The depreciation of currency will:

worsen a country's comparative advantage.

have no impact on a country's comparative advantage.

balance a trade surplus.

improve a country's comparative advantage.

Article 6 of the Treaty on European Union, called the Maastricht Treaty, states the EU is "founded" on:

    stare decisis

    rule of law

    private markets

     specific performance

Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store.  He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store.  This pipeline is actually a__________.

    marketing tunnel

    marketing channel

    distribution matrix

        consumer market

The distinction between flexible and fixed individual differences__________. 

    has no practical value for managers

    is that managers have little or no impact on flexible differences

    is that managers should hire people based on their attitudes and emotions

    is that managers have little or no impact on fixed differences

Lori is using secondary research to develop a business report. How can she write her report in a way that demonstrates originality in thought? 

    Generate her own conclusions and recommendations

    Use the most current documentation guidelines

    Adopt a methodical approach to decision making

    Cite all her research sources

Joyce finds that the members of the project team to which she has been assignment in her management class are all athletes on the college's football and basketball teams.  She immediately considers dropping the class because she thinks her experience with that team will be negative.  Joyce is likely reacting to a__________.

    stereotype

    negativity bias

    self-serving bias

    semantic memory

The interdisciplinary field dedicated to understanding and managing people at work is called:

    organizational dynamics

    organizational behavior

    management dynamics

    management theory

Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:

    farmers to lower the production of corn and wheat.

    farmers to raise the production of corn and wheat.

    farmers to substitute wheat for the production of corn.

    farmers to substitute corn for the production of wheat.

Which of the following is useful advice on conducting business across cultures with those who have limited English ability?

    Use slang and jargon instead of literal language as much as possible. 

    Allow those with limited English ability enough time to process their thoughts into English.

    Speak at your normal, regular pace instead of speaking slowly as this may be viewed as disrespectful.

    Determine a person's level of communication proficiency within the first few moments of your interactions with them.

Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last year.  Based on this information, we can best conclude that:

    this situation has nothing to do with the law of demand.

    the demand for a college education is positively sloped.

    despite the increase in price, quantity demanded rose due to some other factors changing.

    the law of demand is invalid.

A monopoly firm is different from a perfectly competitive firm in that:

    A monopolist can influence market price whereas a perfectly competitive firm cannot.

    A competitive firm has a u-shaped average cost curve whereas a monopolist does not.

    A monopolist's demand curve is perfectly inelastic whereas a perfectly competitive firm's demand curve is perfectly elastic.

    There are many substitutes for a monopolist's product whereas there are no substitutes for a competitive firm's product.

The product life cycle refers to __________.

the average life span of a product

a concept that describes the stages a new product goes through from product concept to commercialization

a concept that describes the stages a product goes through in the marketplace—early growth, accelerated development, maturity, and decline

a concept that describes the stages a product goes through in the marketplace — introduction, growth, maturity, and decline

Which of the following types of unemployment is considered to be the most controllable through demand-side macroeconomic policy?

    Frictional unemployment

    Structural unemployment

    Natural unemployment

    Cyclical unemployment

The study of similarities and differences among consumers in two or more nations or societies is referred to as __________.

    transnational anthropology

    market synthesis

    international sociographics

    cross-cultural analysis

Regarding using personality testing as part of the hiring process, experts have concluded that:  

    Only the Big Five should be used as predictors of job performance.

    The typical personality test is not a valid predictor of job performance.

    The effects of personality on job performance are so large it cannot be ignored by managers.

    There are many valid instruments available to managers to test for personality types.

Other things held constant in a competitive labor market, if workers negotiate a contract in which the employer agrees to pay an hourly wage of $17.85 while the market equilibrium hour rate is $16.50, the:

    Quantity of workers supplied will exceed the quantity of workers demanded.

    Demand for labor will increase until the equilibrium wage rate is $17.85.

    Quantity of workers demanded will exceed the quantity of workers supplied. 

    Supply of labor will decrease until the equilibrium wage rate is $17.85.

What is the main drawback to the Negotiation & Agreement strategy for overcoming resistance to change?

    time-consuming

    leads to future problems if people feel manipulated

    too expensive if others decide to also negotiation for compliance

    Ineffective

Which of the following is typically included in the drafting stage of writing an effective business message?

    Identifying the primary message and key points

    Double-checking everything

    Setting a positive and other-oriented tone

    Sending the message to be proofread

How many parameters are needed to fully describe any normal distribution?

    1

    2

    4

    3

Which of the following statements is true of the WARN Act?

    It requires employers to give notice to an "at will" employee that he/she is being fired.

    It requires employers to give notice of a scheduled mass layoff.

    It requires employers to give notice to employees that they are being subjected to polygraph tests.

    It requires employers to give notice to employees that an unscheduled drug test will be conducted for all employees.

According to the Classical growth model, an economy that increases its saving will grow:

    Quickly since the increase in saving will permit greater investment.

    Slowly because interest rates will fall, causing investment to decline.

    Quickly since the increase in saving will permit more rapid technological progress.

    Slowly because consumption and aggregate demand will be reduced.

Annie, an employee who often attributes her team failures to bad luck, attributes other teams' failures to personal shortcomings. Which of the following cognitive biases do Annie's attributions exemplify?

    Hindsight bias

    Self-deception bias

    Belief bias

    In-group bias

_____ is the process of converting meaning into messages composed of words and nonverbal signals.

    Encoding

    Filtering

    Translating

    Decoding

In which of the following situations is a budget surplus most likely to occur?

    When fiscal policy is contractionary and the economy is expanding

    When fiscal policy is expansionary and the economy is contracting

    When fiscal policy is expansionary

    When the economy is contracting

Identify the statement that accurately describes the Sarbanes-Oxley Act.

    Unlike other Acts, its violations do not result in fines or prosecutions.

    Complying with the act saves time and money, but deteriorates efficiency.

    It requires business to have only company insiders as board directors.

    It was passed to promote business ethics by creating legal requirements.

Microeconomics and macroeconomics are:

    Virtually identical, though one is much more difficult than the other

    Interrelated because what happens in the economy as a whole is based on individual decisions

    Interrelated because both are often taught by the same instructors

    Not related because they are taught separately

What is true of the features used to judge a person's credibility?

    Individuals can accurately determine a person's credibility based on physical characteristics.

    Ethnicity, gender, and accent are inapt characteristics for judging credibility.

    Mannerisms and age are two valid features that can be used to judge a person's credibility.

    Well-educated individuals can be highly relied upon as guides to ethical values.

Sam, a marketing manager, often makes ethical decisions based on what others feel about those decisions. He often considers opinions from other managers and employees.  Which of the following ethical systems do Sam's decisions follow?

    Relativism

    Egoism

    Consequentialism

    Utilitarianism

Which of the following can be represented by a discrete random variable?

    The number of defective lightbulbs in a sample of five

    The average distance achieved in a series of long jumps

    the circumference of a randomly generated circle

    The time of a flight between Chicago and New York

Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The server said, "Are you ready to order?" and when Fred said "Yes," the server merely asked, "What may I get you tonight?"

    Fred must pay based on expressed contract theory.

    Fred is correct because no contract was formed.

    Fred must pay based on an implied-in-fact contract theory.

    Fred must pay based on a promissory estoppel theory.

In order to summarize qualitative data, a useful tool is a____________.

    scattergram

    histogram

    frequency distribution

    stem-and-leaf diagram

When two regression models applied on the same data set have the same response variable but a different number of explanatory variables, the model that would evidently provide the better fit is the one with a__________. 

    lower standard error of the estimate and a higher adjusted coefficient of determination

    higher standard of error of the estimate and a higher coefficient of determination

    higher coefficient of determination and a lower adjusted coefficient of determination

    lower standard error of the estimate and a higher coefficient of determination

According to the Ajzen model, the strongest predictor of an employee's behavior is/are__________. 

    the employee's values

    the employee's intentions

    the employee's attitudes

    social norms

If a population is known to be normally distributed, what can be said of the sample distribution of the sample mean drawn from this population?

    For any sample size n, the sampling distribution of the sample mean is normally distributed. 

     For a sample size n < 50, the sampling distribution of the sample mean is normally distributed.

     For a sample size n < 30, the sampling distribution of the sample mean is normally distributed.

    For a sample size n > 30, the sampling distribution of the sample mean is normally distributed.

In the context of developing persuasive messages, which of the following is most likely to help you demonstrate a voice of competence?

    using only emotional appeals in your persuasive messages

    developing strong ideas in the interest of your audience

    adopting the tone of mass advertising such as over-the-top appeals

    focusing only on logical appeals

 

BUS475 Week-2 Strategic Plan Part I-Zeeshan

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division. Include the following:
• Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service.
• Describe how the division addresses customer needs and achieves competitive advantage.
• Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.
• Explain how the vision, mission, and value of the new division align with the company's mission and vision.
• Summarize how the vision, mission, and values guide the division's strategic direction.
• Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

BUSINESS: AUTHENTIC INDIAN RESTAURANT

BUS475 Integrated Business Topics - Complete course- All assignments, Final exams, and Knowledge checks

Business Chosen for assignments is:  A Caribbean Restaurant

BUS475 Week-1 Knowledge check (Score: 100%)

1. Reaching a valid decision is based on the evaluation of arguments. If we know that a valid argument has true premises, then a decision based on the argument______________.
• A. must be sound
• B. might be sound
• C. is strong
• D. might have a false conclusion

2. Identify the fallacy in the following piano store advertisement: "Pianos are our only business. You'll get the best deal at the Piano Experts."
• A. Ad hominem
• B. Straw man
• C. Hasty generalization
• D. Red herring

3. Which of the following statements describes creativity correctly?
• A. Only highly intelligent people are capable of generating creative ideas.
• B. Creative people are born with the trait.
• C. Anyone can become more creative.
• D. Children are more creative than adults.

4. How would you assess the following statement? Consider both the nature of the claim and the source. "Lottery director Mark Michalko said Thursday that allegations that Californians are squandering money they once used for food to buy lottery tickets are just not correct.'. . . California Grocers Association president Don Beaver raised the issue earlier in the week, saying five supermarket chains had complained that grocery sales dropped about 5 percent after lottery tickets went on sale October 3." —Sacramento Bee
• Probably true
• Probably false
• Requiring further documentation
• Claim that cannot be properly evaluated

5. The Sarbanes–Oxley Act was created in 2002 to improve and maintain investor confidence. The act includes which of the following:
• senior managers sign off on financial results
• privately held companies must report to the public
• officers are exempt if they were not aware of a misrepresentation
• company insiders may compose the entire Board of Directors



6. Organizational behavior is examined at three main levels.
• Traits, behaviors, and results
• Affective, cognitive, and behavioral
• Individual, organizational, and societal
• Individual, group, and organizational

7. Employees who have intrinsic work values will be motivated by
• challenging assignments
• status in the workplace
• social contacts
• financial rewards

8. Research on the five-stage model of group development shows that
• all groups pass through the norming stage
• groups always pass through the stages in order
• not all groups go through each of the stages
• all groups pass through the adjourning stage


9.The extent to which a leader actually does help a group or organization to achieve its goals is best described as
• formal leadership
• leader effectiveness
• organizational profitability
• informal leadership

10. When the business environment is __________, an organization is most likely to decentralize authority and empower its employees to make operating decisions.
• stable
• uncertain
• unknown
• transparent


11. To make your communication more effective
• include as much information as possible, even if you are not sure it is necessary
• send the same messages by multiple channels
• clearly address your audience's wants and needs, not yours
• draw pictures and animations your audience will understand

12.Which of the following meeting technologies would be most effective for negotiations, collaborative problem solving, and other complex discussions?
• Telepresence
• Instant messaging
• Teleconference
• Telephone

13.Most persuasive messages combine
• many major points all at once
• logical and emotional factors
• truth and falsehood
• current and very old evidence


14. Important design elements to consider when creating slides include which of the following:
• word selection
• selecting background designs
• selecting a theme
• writing content

15. Which of the following would be the best wording to use on a resume?
• "I was in charge of a staff of six employees."
• "I supervised a full staff of six employees."
• "Was in charge of entire departmental staff."
• "Supervised staff of six employees."

16. The __________ approach to ethics maintains that an ethical action is the one that provides the most good or does the least harm.
• utilitarian approach
• rights approach
• fairness approach
• common good approach


17. Which type of privacy policy restricts an organization from collecting personal information until the customer specifically authorizes it?
• Opt-out model
• Opt-in model
• Electronic surveillance
• Profiling

18.Wireless communication includes which of the following:
• Bluetooth
• coaxial connections
• traditional land lines
• lighting connections


19. Enterprise resource planning applications seeks to integrate a number of issues, including which of the following:
• vacation schedules
• tenure of the staff
• production and inventory levels
• turnover rate of the project staff

20. The request for proposal (RFP) is one of the key tools in acquiring information systems and applications. Which of the following statements best characterizes the RFP?
• The RFP must always be used.
• It is prepared by the vendor.
• It always identifies the price.
• It defines the scope of the project.


21. The relationship between jurisdiction and venue of state and federal courts
• often causes delays in case resolution
• causes development of conflicting rules in similar disputes
• is determined by the U.S. Attorney General
• is well-defined by statute and case law

22.Businesses owe customers (business invitees) visiting their stores
• no duty of care, the customer assumes the risk of injury
• a warning of known risks, only
• a duty to inspect for and warn of risks
• a duty to repair hidden risks only where children are involved


23.A legally enforceable contract always requires
• a written document
• signatures of all parties
• a heading saying "Contract" or "Agreement"
• a manifest intent to be bound by the parties


24. Regulatory (or administrative) law arises from
• court decisions
• enabling statutes
• attorney general opinions
• policy documents prepared by nongovernmental organizations

25. The purpose of a clear ethical code in a business is
• to draw on employees religious background
• to encourage philosophical debate among employees
• to regulate employees' private conduct
• to manage values and conflicts among them

BUS475 Week-1 Company culture and strategic plan

What is company culture and how can it have an impact on the strategic plan.
175 words.

BUS475 Week-2 Knowledge Check (Score 100%)

1. Compared with other approaches to business, the marketing concept is distinct in that it
A. focuses on sales
B. produces new products and services
C. creates a broad assortment of products
D. focuses on satisfying customers' needs

2. A company provides its advertising agency with a statement about a new product to use in designing an advertising campaign, and this statement includes a description of the target market, the product type, the primary benefits of using the product, and how this product is different from, and better than, competitive products. What type of statement is this?
A. Qualifying
B. Positioning
C. Determining
D. Clustering
3. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes entered the market. This is an example of a(n)
A. introductory price dealing
B. temporary price cut policy
C. skimming price policy
D. penetration price policy
4. Blending the firm's promotion efforts to convey a complete and consistent message is the goal of
A. sales management communications
B. sales promotion communications
C. integrated promotional marketing
D. integrated marketing communications
5. According to the concept of social responsibility, a firm has a duty to
A. communicate regularly with the public
B. place profit above all other considerations
C. place customer satisfaction above all other considerations
D. conduct business in a way that is good for society as a whole, both now and for the
Future
6. The principal participants in the financial markets are
A. businesses, banks, and government
B. borrowers, savers, and financial institutions
C. mutual funds, hedge funds, and investment bankers
D. dealers, brokers, and regulators

7. You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years? Note. Due to rounding and method of calculation, your answer might vary slightly. Choose the closest answer.
A. $25,000
B. $31,060
C. $38,720
D. $34,310

8. Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified straight line method over its 5-year depreciable life. Operating costs of the new machine are expected to be $1,100,000 per year. The existing assembly line has 5 years remaining before it will be fully depreciated and has a book value of $3,000,000. If sold today the company would receive $2,400,000 for the existing machine. Annual operating costs on the existing machine are $2,100,000 per year. Bull Gator is in the 46 percent marginal tax bracket and has a required rate of return of 12 percent. Calculate the net present value of replacing the existing machine. Note. Due to rounding and method of calculation, your answer might vary slightly. Choose the closest answer.
A. $816,000
B. $382,320
C. $2,941,680
D. $-382,320

9. A strong stock market and reasonably good earnings have caused the price of the firm's common stock to increase by 25%.
A. This will have no effect on the firm's cost of capital.
B. All things equal, this will increase the firm's cost of capital.
C. All things equal, this will lower the firm's cost of capital.
D. This will only affect the cost of capital if the firm uses CAPM to compute the cost of equity.

10. Buying and selling in more than one market to make a riskless profit is called
A. profit maximization
B. arbitrage
C. international trading
D. This cannot be determined from the above information.

11. The United States imposes substantial taxes on cigarettes but not on loose tobacco. When the tax on cigarettes went into effect, the demand for home cigarette rolling machines most likely
A. decreased, causing the price of cigarette rolling machines to fall and the quantity of machines purchased to fall
B. decreased, causing the price of cigarette rolling machines to rise and the quantity of machines purchased to fall
C. increased, causing the price of cigarette rolling machines to rise and the quantity of machines purchased to rise
D. increased, causing the price of cigarette rolling machines to rise and the quantity of machines purchased to fall

12. Keynes believed that an increase in savings would
A. raise aggregate demand by reducing investment
B. raise aggregate demand by increasing consumption
C. reduce aggregate demand by reducing investment
D. reduce aggregate demand by reducing consumption

13. Which of the following monetary policies reduces aggregate demand and output?
A. A cut in the federal funds rate
B. An open market purchase of government securities
C. An increase in the discount rate
D. A cut in the required reserve ratio

14. Deficits may be desirable in the short run if they
A. help to stabilize the economy when the economy falls below potential output
B. increase savings necessary for future investment and growth
C. increase savings necessary for future consumption and demand
D. help to stabilize the economy when the economy is above potential output

15. If for a country, the quantity of its currency demanded exceeds the quantity supplied, then there is a
A. balance of payments surplus
B. balance of payments deficit
C. balance of payments equilibrium
D. trade balance

16. Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that
A. the law of demand is invalid
B. despite the increase in price, quantity demanded rose due to some other factor changing
C. this situation has nothing to do with the law of demand
D. the demand for a college education is positively sloped
17. Economic efficiency is achieved at a particular output level if
A. marginal cost is as low as possible
B. average fixed cost is as low as possible
C. average total cost is as low as possible
D. average variable cost is as low as possible

18. A perfectly competitive firm will be profitable if price at the profit-maximizing quantity is above
A. MC
B. AVC
C. ATC
D. AFC

19. How are goods manufactured in other countries creating jobs in the United States?
A. People whose jobs were outsourced are now discouraged workers.
B. U.S. firms are specializing in managing the trade of these goods.
C. Foreign countries are importing U.S. natural resources
D. People who have lost jobs have more time to shop and therefore increase demand for good

BUS475 Week-2 Assignment

Write a 1,400- to 1,750-word paper in which you explain the importance of innovation in your selected business's vision, mission, and values, and determine your business model for this new division. Include the following:
• Propose a new product or service for the new company division. The division should be customer-focused with an innovative mission statement. Ensure that you are differentiating your product or service.
• Describe how the division addresses customer needs and achieves competitive advantage.
• Create a vision and a business model for this new division that clearly demonstrates your decision on what you want your business to become in the future.
• Explain how the vision, mission, and value of the new division align with the company's mission and vision.
• Summarize how the vision, mission, and values guide the division's strategic direction.
• Define your guiding principles and values for your division in the context of culture, social responsibility, and ethics.

BUS475 Week-3 Final Exam 50 MCQs (Score 82%)

Question-1 Communication is the process of

transferring information and meaning.

listening actively.

writing messages.

talking constantly.

Question-2:  Business communication is often more demanding than social communication because communication on the job is affected by

politics.

the growing reliance on teamwork in business.

personalities.

desire to always advance and move up in an organization.

Question-3  What are the benefits of using IM in business communication?

Less personal

Low cost

Ability to exclude those unable to use IM

To maintain a quiet work environment

Question-4: What are the three major steps in the writing process?

Plan, Write, and Complete

Plan, Construct, and Complete

Prepare, Write, and Complete

Prepare, Construct, and Stop

Question-5: What way can you build credibility with an audience when planning a persuasive message?

Use simple language.

Use difficult language.

Use descriptive language.

Use hostile language.

Question-6: What type of data visual would you use to illustrate trends over time?

Gantt chart

Bar graph

Line chart

Scatter diagrams

Question-7: How do you keep the audience's attention?

Use confusing language

Relate your subject to your audience's needs

Talk about yourself

Offer a reward

Question-8: What does quality of hire mean?

A measure of how a new employee is hired

How good an employee is at getting hired

On a 1–10 scale, the hire is a 10

A measure of how closely new employees meet the company's needs

Question-9 What is a subjective statement?

A statement involving a subject

A statement made true by someone thinking it is true

A statement that pertains to a chapter in a book

A statement that is fact

Question-10: An argument consists of two parts:

the fact and the rebuttal

the subject and the outcome

the premise and the conclusion

the point and the conclusion

Question-11: What are some rhetorical devices used in persuasive messages?

Syllogisms

Stereotypes

Memories

Biases

Question-12: __________ are part of the elements of creativity?

Domain skills

Thinking skills

Listening skills

Athletic skills

Question-13: Our most reliable source of information about the world is

our own observations.

cable news.

the Internet.

Facebook.

Question-14: The reliability of our observations is not better than the reliability of our ____________.

senses

family

memories

friends

Question-15: The following is an example of a moral value judgment:

As an actress, Paris Hilton has a nice clothes rack.

Keith Lewis must be a total flake.

The senator dresses well.

I don't deserve to be flunked for an honest mistake.

Question-16: Utilitarianism is

an act that will produce more happiness than will alternatives, it is the right thing to do, and if it will produce less happiness, it would be wrong to do.

an act that will produce less happiness than will alternatives, it is the right thing to do, and if it will produce more happiness, it would be wrong to do.

an act that will produce more happiness than will alternatives, it is the wrong thing to do, and if it will produce less happiness, it would be right to do.

an act that will produce less happiness than will alternatives, it is the wrong thing to do, and if it will produce less happiness, it would be right to do.

Question-17: One of the principal roles of the Judiciary is

to provide the other branches of government with legal counsel.

to issue common law writs.

to issue injunctions and related orders.

to resolve disputes.

Question-18: Business ethics may be defined as

taking an expedient approach to any business situation

doing what is most advantageous for the business

a consciousness of what is right or wrong in the workplace

minimizing decisions having potentially adverse consequences for business stakeholders

Question- 19: "Fair use" is a defense to copyright infringement that

requires findings by a court.

is non-statutory.

is absolute.

is available in all countries.

Question-20: A valid contract must

be entirely in writing

be signed by all parties

use the title "Contract" at the top of the document

exist where all necessary legal elements for contract formation are present

Question-21: Remedies for a contract breach may include

imprisonment and fines.

consequential damages.

no consideration of cost to the breaching party or parties.

punitive damages.

Question-22: Administrative law primarily stems from

the Executive Branch.

the Legislative Branch.

common law decisions of courts.

the Judicial Branch.

Question-23: The Administrative Procedures Act

applies to the Judiciary Branch.

provides for uniform procedural structures in regulatory agencies.

provides due process standards for the Judiciary Branch.

establishes regular order in congressional committees.

Question-24: A socially responsible company

is only concerned with shareholder value.

primarily seeks to enhance executive compensation.

constantly strives to reduce labor and material costs wherever possible.

is concerned with its economic and social value and environmental impact.

Question-25: Business environment pressures can come from which of the following?

Quality control

Cost reduction

Political changes

Management restructuring

Question-26: Which of the following is an ethical issue?

Sales tax formulas

Business Process Reengineering

Software coding

Accuracy Question Source

Question-27: In a relational database, the customer record contains information regarding the customer's last name. The last name is a(n):

primary key

relation

attribute

entity

Question-28: A standardized language used to manipulate data is

a data manipulation language.

Oracle.

Microsoft Access.

a structured query language.

Question-29: Which of the following is a wireless technology?

4 G applications

Communication between a modem and a router

Typical cable modem to router communication link

Fiber-optic connections

 Question-30: A(n) _____________________ allows unauthorized entry into a wireless network.

lack of encryption

disgruntled employee

cloud server

rogue access point

Question-31: Critical to the systems development life cycle is

the identification of the time of year it is developed.

seeing what competitors provide.

the identification of the price charged to other customers.

knowing the customer's goals and objectives.

Question-32: One of the advantages of a server farm is that

servers can be stacked on top of one another, so less space is needed.

servers last longer in a server farm.

if one server fails, an application can be automatically moved to another one.

more people are required to maintain servers in a server farm.

Question-33: In the managerial function of __________, managers encourage and motivate workers to work toward organizational goals.

leading

organizing

planning

controlling

 Question-34: Personality within an individual typically evolves ________.

relatively quickly

when an individual changes jobs

over approximately 25 years

at no point during a lifetime

Question-35: Laura has dreamed of playing in a symphony. She practices her instrument every day and yet, year after year, she cannot successfully play the difficult musical piece necessary to try out. This is an example of

vicarious learning being of upmost importance.

motivation being the main factor in performance.

extrinsic motivation outweighing intrinsic motivation.

motivation not equaling performance.

Question-36: Research on the five-stage model of group development shows that

all groups pass through the norming stage.

groups always pass through the stages in order.

not all groups go through each of the stages.

all groups pass through the adjourning stage.

Question-37: Brenda Butler, editor of the Republican, is trying to decide whether to take a job at a much larger newspaper or to become the CEO and publisher of the Republican. Brenda has to make this decision because of ________.

a threat

an opportunity

a problem

bounded rationality

Question-38: Transactional leaders motivate followers by

exchanging rewards for good performance.

inducing followers to support their vision.

overlooking mistakes or substandard performance.

inspiring them with charismatic behavior

Question-39: During an organizational confrontation meeting, __________ meet to confront the issue of whether the organization is effectively meeting its goals.

employees from all organizational levels

all of the managers of the organization

external and internal change agents

members of the top management team

Question-40: The __________ as the number of levels in the organizational hierarchy increases.

span of control narrows

span of control expands

scope of influence narrows

scope of influence expands

Question-41: Suppose that at the current price consumers would like to purchase 10 million large-screen televisions and 15 million are available. When the market coordinates the demand and supply for large-screen televisions, the price of large-screen televisions will _______________.

rise

fall

stay the same

be fixed by government

Question-42: The reason economists and accountants have problems using cost analysis in the real world is that

economists do not believe in the existence of explicit costs.

although implicit costs do not show up in accounting profits, they nevertheless affect managerial decisions.

although explicit costs do not show up in accounting profits, they nevertheless affect managerial decisions.

explicit costs cannot be measured.

Question-43: Refer to the graph shown. With efficient production, this firm can maximize production at what point?

A

B

C

D

Question-44: eBay.com is a vast auction site that is similar to a competitive market in some ways but differs from it in others. Which of the following describes how eBay resembles a competitive market?

It is easy to enter and easy to leave eBay.

Sellers sometimes do not describe the products accurately on eBay.

There is a great variety of different products sold on eBay.

On eBay the large sellers dominate the market.

Question-45: From the point of view of consumer surplus and producer surplus, what problem was created when Thailand subsidized the cost of energy to consumers to help alleviate the burden of higher energy costs?

It hurt the poor and benefitted the rich.

It led to less fuel being used than the amount that maximizes consumer surplus.

It encouraged the consumption of too much fuel at the expense of other goods.

It has no effect; consumers gained consumer surplus, but taxpayers lost the same amount because they had to finance the subsidy.

Question-46: A nation's comparative advantage in the production of an item is determined by

which country has already specialized in the production of the item.

the total and marginal costs of producing the item.

the opportunity cost of producing the item relative to a trading partner's opportunity cost.

wage rates and other input costs.

Question-47: Which of the following groups would be most likely to benefit from a tariff on Japanese-manufactured light trucks (i.e., pickup trucks)?

U.S. domestic pickup truck manufacturers

Japanese auto workers

U.S. consumers of pickup trucks

U.S. firms that export products to Japan

Question-48: Why do some stores offer senior citizen discounts on Tuesdays?

Most stores are perfect competitors in their geographic region.

Senior citizens have perfectly inelastic demand curves, whereas other shoppers do not.

Senior citizens have more elastic demand schedules than do other shoppers.

Senior citizens have less elastic demand schedules than do other shoppers.

Question-49: Aggregate demand management policies are designed most directly to

minimize unemployment

minimize inflation

control the aggregate level of spending in the economy

prevent budget deficits or surpluses

Question-50: According to Keynes, why might deflation create problems for an economy?

Consumers might expect prices to fall further and cut back consumption now.

In expectation of increased spending, too many entrepreneurs would begin businesses and most would fail.

The cost of repricing goods would increase costs, and therefore reduce profits, for businesses and they would cut production.

People would invest less into the economy.

BUS475 Week-3 Assignment SWOTT Analysis

Create a SWOTT table summarizing your findings. Your environmental analysis should consider, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.
• External forces and trends considerations:
o Legal and regulatory
o Global
o Economic
o Technological
o Innovation
o Social
o Environmental
o Competitive analysis
• Internal forces and trends considerations:
o Strategy
o Structures
o Processes and systems
o Resources
o Goals
o Strategic capabilities
o Culture
o Technologies
o Innovations
o Intellectual property
o Leadership
Write a synopsis of no more than 1,050 words in which you analyze relevant forces and trends from the list above. Your analysis must include the following:
• Include economic and legal and regulatory forces and trends.
• Critique how well the organization adapts to change.
• Analyze and explain the supply chain of the new division of the existing business. Share your plans to develop and leverage core competencies and resources within the supply chain in an effort to make a positive impact on the business model and the various stakeholders.
• Identify issues and/or opportunities:
o Identify the major issues and/or opportunities that the company faces based on your analysis.
o Generate a hypothesis surrounding each issue and research questions to use for conducting analysis.
o Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification.

BUSINESS: CARIBBEAN RESTAURANT

BUS475 Week-4 Knowledge check (Score:100%)

1. A fast-food restaurant asks customers to evaluate the drive-thru service as good, average, or poor. What level of data measurement is this classification?

• Nominal
• Ordinal
• Interval
• Ratio 

2. In order to determine the average amount spent in November on Amazon.com a random sample of 144 Amazon accounts were selected. The sample mean amount spent in November was $250 with a standard deviation of $25. Assuming that the population standard deviation is unknown, what is a 95% confidence interval for the population mean amount spent on Amazon.com in November?

• ($245.88, $254.12)
• ($247.47, $260.09)
• ($250.64, $256.92)
• ($251.34, $256.22) 

3. A shipment of 20 DVDs has arrived at a video rental store. Based on past experience, the manager knows that 10% of all new DVDs sent to the store have a visible defect. The manager tells you to begin inspecting the new DVDs one at a time at random until you find the first DVD that has a defect. If 10% of the DVDs have a visible defect in the new shipment, what is the probability that the first DVD that has a defect is the 3rd one that you inspect? (Round your answer to 3 decimal places.)

• .081
• .268
• .089
• .716 

4. An insurance agent has selected a sample of drivers that she insures whose ages are in the range from 16–42 years old. For each driver, she records the age of the driver and the dollar amount of claims that the driver filed in the previous 12 months. A scatterplot showing the dollar amount of claims as the response variable and the age as the predictor shows a linear regression line with: y^=3710 – 55.4x. If the age of a driver increases by 1 year, by how much and in what direction would the dollar amount of claims be predicted to change for the driver?

• Increase by 55.4 dollars
• Decrease by 55.4 dollars
• Increase by 3710 dollars
• Increase by 3,654.6 dollars 

5. A researcher claims that the proportion of employees who play video games in the workplace is higher than it was 10 years ago. You might be willing to reject the null hypothesis of no change with a = 0.10 or larger. The p-value for this test is 0.15. In this case the researcher should

• not reject the null hypothesis
• reject the null hypothesis
• continue with further testing because the result is inconclusive
• change the testing from nonparametric to parametric 

6. The general plan of major actions through which a firm intends to achieve is long-term objectives is called its

• corporate plan
• long-term goal
• grand strategy
• mission 

7. How valuable a low-cost leader's cost advantage is depends on

• whether it is easy or inexpensive for rivals to copy the low-cost leader's methods or otherwise match its low costs
• how easy it is for the low-cost leader to gain the biggest market share
• the aggressiveness with which the low-cost leader pursues converting the cost advantage into the absolute lowest possible costs
• the leader's ability to combine the cost advantage with a reputation for good quality 

8. Which of the following represent marketing capabilities at the growth stage of industry evolution?

• Skills in aggressively promoting products to new markets and holding existing markets and pricing flexibility
• Ability to establish brand recognition, find niche, reduce price, solidity strong distribution relations and develop new channels
• Cost effective means of efficient access to selected channels and markets and strong customer loyalty or dependence
• Resources or skills to create widespread awareness and find acceptance from customers; advantageous access to distribution 

9. __________ is an organization structured around the idea of sharing knowledge, seeking knowledge, and creating opportunities to create new knowledge.

• A global company
• A modular organization
• An ambidextrous organization
• A learning organization 

10. Which of the following types of strategic control has a low degree of formalization?

• Special alert control
• Implementation control
• Strategic surveillance
• Premise control 

11. Investors and creditors are particularly interested in this financial statement because it tells them what is happening to the company's most important resource?

• Statement of cash flows
• Income statement
• Retained earnings statement
• Balance sheet 

12. The cash basis of accounting is prohibited under GAAP for the following reason:

• It divides the economic life of a business into artificial time frames.
• It violates the revenue recognition principle and the expense recognition principle.
• It fails to provide for adjusting entries.
• It records revenues only in the time period in which they are received. 

13. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet December 31, 2014 Cash $84,000 Accounts payable $110,000 Accounts receivable $80,000 Salaries and wages payable $20,000 Inventory $140,000 Mortgage payable $180,000 Prepaid insurance $60,000 Total liabilities $310,000 Stock investments $170,000 Land $190,000 Buildings $226,000 Common stock $240,000 Less: Accumulated Retained earnings $500,000 depreciation ($40,000) $186,000 Total stockholders' equity $740,000 Trademarks $140,000 Total liabilities and Total assets $1,050,000 Stockholders' equity $1,050,000

• $686,000
• $516,000
• $556,000
• $376,000

14. The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

• $9,000
• $12,600
• $1,800
• $6,300 

15. The Sarbanes–Oxley Act of 2002 requires publicly traded U.S. companies to take the following actions to defect and prevent fraud:

• Adopt accrual basis of accounting, maintain an adequate system of internal controls, and create penalties for noncompliance
• Maintain an adequate system of internal controls, ensure that internal controls are reliable and effective, and hire independent auditors to attest adequacy of internal controls
• Ensure internal controls are reliable and effective, corporate executives must independently review internal controls, and submit all financial statements to the Public
• Company Accounting Oversight Board
• Maintain an adequate system of internal controls, provide additional training to managers and accountants regarding internal controls, and publish internal controls on the company's public website 

16. On July 1, 2014, Linden Company purchased the copyright to Norman Computer Tutorials for $140,000. It is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense recognized for the year 2014 would be

• $28,000
• $13,125
• $25,900
• $14,000 

17.ABC Corp. receives a 7-month interest-bearing promissory note in the amount of $360,000 on February 1. The interest rate is 15%. What is the total interest expense ABC Corp will record assuming ABC makes all of its payments?

• $54,000
• $31,500
• $4,500
• $36,000 

18. Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to cash for $3,000,000 and a credit or credits to

• preferred stock of $3,000,000
• preferred stock for $2,500,000 and paid-in capital in excess of par value—preferred stock for $500,000
• preferred stock for $2,500,000 and retained earnings for $500,000
• paid-in capital from preferred stock for $3,000,000

19. Which of the following tools of analysis is used to evaluate financial statement information by expressing financial statement data as a percentage over a base amount?

• Vertical analysis
• Horizontal analysis
• Ratio analysis
• Industry averages

20.The Sarbanes–Oxley Act of 2002 requires publically-traded U.S. companies to provide great internal controls. The five primary components of an internal control system include: a control environment, risk assessment, information and communication, monitoring, and

• Establishment of responsibility
• Segregation of duties
• Control activities
• Human resource controls 

BUS475 Week-4 Assignment

Balanced Scorecard Assignment
Develop the strategic objectives for your business in the format of a Balanced Scorecard. The strategic objectives are measures of attaining your vision and mission. As you develop them consider the vision, mission, and values for your business and the outcomes of your SWOTT analysis. Be sure to consider all of the following four quadrants of the Balanced Scorecard when developing your strategic objectives:
Shareholder Value or Financial Perspective, includes strategic objectives in areas such as:
Market share
Revenues and costs
Profitability
Competitive position

Customer Value Perspective, includes strategic objectives in areas such as:
Customer retention or turnover
Customer satisfaction
Customer value

Process or Internal Operations Perspective, includes strategic objectives in areas such as:
Measure of process performance
Productivity or productivity improvement
Operations metrics

Learning and Growth (Employee) Perspective, includes strategic objectives in areas such as:
Employee satisfaction
Employee turnover or retention
Level of organization capability
Nature of organization culture or climate
Technological innovation

•Develop at least two strategic objectives for each of the following four balanced scorecard areas identified above (Financial, Customer, Process, Learning and Growth). Your objectives should be selected, in part, based on an evaluation of a number of potential alternatives to the issues and/or opportunities identified in the SWOTT Analysis paper and table you completed last Week. Base your solutions on a ranking of alternative solutions that includes an identification of potential risks and mitigation plans, and a stakeholder analysis that includes mitigation and contingency strategies. You should also incorporate the ethical implications of your solutions into your selection.

•For each strategic objective, develop a metric and target using a balanced scorecard format. (For example, a strategic objective in the shareholder or Financial Perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.)
Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following:
• Define the purpose.
• Define the audience.
• Identify the channel(s) of communication and why you selected that channel.
Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan.

Business: Caribbean restaurant

BUS475 Week-5 Final Part-2 Score 86%

Q1. To decrease the nation's money supply, the Fed can

increase reserve requirement.

decrease reserve requirements.

decrease the discount rate.

buy government securities in the open market.

Q2. In the long-run framework, budget surpluses

should be run whenever output dips below potential output.

should never be run since they crowd out investment in the short run.

are better than budget deficits over the long run because unlike budget deficits, they increase saving and investment.

should be run on a permanent basis since they boost saving and investment and stimulate economic growth.

Q3. Which of the following will decrease the nominal deficit?

An increase in taxes

An increase in government expenditures

An increase in interest rates

An increase in the debt

Q4. If a country's trade deficit increases, then

its consumption must be falling relative to its production.

its consumption must be rising relative to its production.

it must be buying more assets from foreigners.

it must be selling fewer assets to foreigners.

Q5. Which of the following statements best describes the modern view of marketing?

Marketing is only necessary for profit-oriented firms.

Marketing consists mainly of advertising and personal selling.

Marketing anticipates customer needs.

Marketing begins as soon as products are produced.

Q6. Ethnic markets are becoming more important to marketers because

the buying power of ethnic submarkets is decreasing.

the median age of Asian, African, and Hispanic Americans is much higher than that of White Americans.

the number of ethnic consumers is growing at a much faster rate than the overall society

they make a clear segment with similar backgrounds and common language, religion, and culture.

Q7. Segmenting, in contrast to combining,

tends to focus more on customer similarities than on differences.

tries to identify homogeneous submarkets and develop different marketing mixes for each submarket.

usually means settling for a smaller sales potential.

relies more on promotion appeals and minor product differences to create general customer appeal among several submarkets.

Q8. Cargill, Inc. is finally earning a profit on the unique product it introduced 6 months ago. Cargill's advertising is both informative and persuasive. Much money is being spent on place development. There is little price competition, although several competitors have come out with reasonable imitations. Total industry sales and profits are both rising. In which stage of the product life cycle is Cargill operating?

Market growth

Market introduction

Sales decline

Market maturity

Q9. National Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors' prices. NPE has a new product, the Gutenberg NP201, with some competitive advantages now, but competitors are expected to follow quickly with similar products. The new product is being introduced into a market with elastic demand. In regard to freight charges for its equipment, NPE's invoice reads, "Seller pays the cost of loading equipment onto a common carrier. At the point of loading, title to such products passes to the buyer, who assumes responsibility for damage in transit, except as covered by the transportation agency."

​

National Printing Equipment's new Gutenberg NP201 should probably use ________________.

price fixing

skimming pricing

introductory pricing

penetration pricing

Q10. The main reason that vertical marketing systems are becoming more common is that

firms realize that working independently has advantages for channel members.

firms increasingly understand that competition among channel members is profitable.

it is easy for multiple firms to coordinate a single marketing mix for a common target market.

firms recognize that coordination among channel members can increase sales for each channel member

Q11. __________ is the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message.

Integrated marketing communications

Online marketing

Digital marketing

Product positioning

Q12. Which of the following statements about ethical behavior in business is true?

The legal environment sets the highest standards of ethical behavior.

The legal environment sets the maximum standards of ethical behavior.

The legal environment sets the minimum standards of ethical behavior.

The legal environment sets the normative standards of ethical behavior.

Q13. Which of the following financial instruments entails the most risk and potentially the highest returns for investors?

Debt with a maturity of less than 1 year

Bonds

Common stock

Preferred stock

Q14. The Oviedo Thespians are planning to present performances of their Florida Revue on two consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance, and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to break even? 

1000 tickets

1,112 tickets

1,223 tickets

There is not enough information.

Q15. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10. 

$5,790

$11,574

$9,210

$17,010

Q16. P. Noel's Inc.'s current ratio is 2. Current liabilities are $500,000. P. Noel's current assets equal __________ and net working capital is __________.

$500,000 and $1,000,000

$500,000 and $250,000

$1,000,000 and $500,000

$500,000 and $500,000

Q17. Woodstock Inc. expects to own a building for 5 years, and then sell it for $1,500,000 net of taxes, sales commissions, and other selling costs. Woodstock's cost of capital is 11%. How much will the sale of the building contribute to the NPV of the project?

$890,177

$1,351,351

$1,500,000

$2,527,587

Q18. Metals Corp. has $2,575,000 of debt, $550,000 of preferred stock, and $18,125,000 of common equity. Metals Corp.'s after-tax cost of debt is 5.25%, preferred stock has a cost of 6.35%, and newly issued common stock has a cost of 14.05%. What is Metals Corp.'s weighted average cost of capital? 

12.78%

10.84%

8.32%

6.56%

Q19. Which of the following is the most important factor that affects a firm's financing mix?

The amount of EPS

The amount of operating income

The number of shares that are outstanding

The predictability of cash flows

Q20. One reason for international investment is that

the economies of many countries are growing faster than that of the U.S.

price-earnings (P/E) ratios are higher in foreign countries

doing business in foreign countries is simpler than in the U.S.

raw materials are typically cheaper in other countries than in the U.S.

Q21. H&R Block wants to analyze its clients' tax returns over the past 10 years for each of the client's tax filings. The type of data generated will be ______________.

time series data

cross-sectional data

observation data

meta data

Q22. Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per share with a standard deviation of $3.02. Which stock shows a higher coefficient of variation or volatility?

Stock A

Stock B

Both stocks have the same coefficient of variation.

The coefficients are incomparable.

Q23. A random sample of 81 team leaders and supervisors from Fortune 500 companies revealed that on average a person spent 6.5 years on the job before being promoted. The standard deviation of the sample was 1.7 years. Assuming that the population standard deviation is unknown, the 99% confidence interval within which the population mean lies is approximately between ___________ and _________years.

6 and 7

5.5 and 6.5

5.5 and 7.5

5.5 and 6.5

Q24. The appropriate alternative hypothesis for a two-tail test to determine if mean body weight of all the men who have joined a health club is the same as 185 pounds would be

H_o: μ = 185 lbs.

H_o: μ > 185 lbs.

H_o: μ ≤ 185 lbs.

H_o: μ ≠ 185 lbs.

Q25. A survey of 134 cell phone users yielded the data found in the table below. The table compares gender and type of phone.

	iPhone	Non-iPhone	Total
Male	57	23	80
Female	36	18	54
Total	93	41	134

If a customer is randomly selected based on this survey data, what is the probability that the customer is a female with an iPhone? (Round your answer to 3 decimal places).

0.481

0.333

0.387

0.269

Q26. A correlation value of r = 0.5 between the x-variable and y-variable means

there is no relationship between x and y.

there is a strong positive linear relationship between x and y.

there is a moderate positive linear relationship between x and y.

there is no linear relationship between x and y.

Q27. When predicting grade point average from the number of hours spent studying per week, the equation for the best fit line was found to be yˆ = 0.0855x + 0.944. What is the predicted grade point average of a student that studies 26 hours per week?

24.63

3.17

2.99

25

Q28. A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order (in thousands of dollars) is recorded, and then the time (in hours) required to fill the order and have it ready for shipping is determined. A scatterplot showing the times as the response variable and the dollar amounts (in thousands of dollars) as the predictor shows a linear trend. The least squares regression line is determined to be: yˆ= 0.76 +1.8x. A plot of the residuals versus the dollar amounts showed no pattern, and the following values were reported: Correlation r + 0.90; R ² = 0.81; standard deviation of the residuals is 0.48. What percentage of the variation in the times required to prepare an order for shipping is accounted for by the fitted line?

76%

48%

81%

90%

Q29. Which of the four basic financial statements adds net income and subtracts dividends to arrive at its key data element at the end of each period?

Statement of Cash Flows

Balance Statement

Retained Earnings Statement

Income Statement

Q30. What principle dictates that efforts (expenses) be recorded with results (revenues)?

Expense recognition principle

Cost principle

Periodicity principle

Revenue recognition principle

Q31. When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like before the adjustment?

Assets overstated; expenses understated

Liabilities overstated; revenues understated

Assets understated; revenues understated

Expenses understated; liabilities understated

Q32. Which account will have a zero balance after a company has journalized and posted closing entries?

Service Revenue

Supplies

Prepaid Insurance

Accumulated Depreciation

Q33. If XYZ Co. had 100 units of beginning inventory valued at $15 per unit in January, purchased an additional 100 units of inventory in February at $16 per unit, and additional 100 units of inventory in May at $19 per unit, what would the unit cost of ending inventory be under each of the three inventory methods (assuming that XYZ only sold 79 units during this time frame)?

$19 under FIFO, $15 under LIFO, $17 under average cost

$15 under FIFO, $19 under LIFO, $17 under average cost

$19 under FIFO, $15 under LIFO, $16.6 under average cost

$15 under FIFO, $19 under LIFO, $16.6 under average cost

Q34. Mitch Company's ending inventory is understated by $4,000. The effects of this error on the current year's cost of goods sold and net income, respectively, are

understated and overstated.

overstated and understated.

overstated and overstated.

understated and understated.

Q35. Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to

safeguard its assets.

create a system of audit review.

analyze financial statements.

protect investments by the public.

Q36. Under the percentage of receivables method, the allowance for a doubtful accounts balance will occasionally have a debit balance due to write-offs that occur during the year, which exceed the previous provisions for bad debts. In such cases, what must a company do to this account?

Allow the debit balance to carry over to future periods.

Make an adjusting entry by subtracting the debit balance from the required balance.

Make an adjusting entry by adding the debit balance to the required balance.

Create a second allowance for doubtful accounts balance with a credit balance.

Q37. Penn Corp. acquired a truck to haul widgets between its manufacturing facility and its sales offices. Penn acquired the truck for $55,000. Penn sold the truck years later for $15,000. Before the year of the sale, Penn had depreciated the asset by $32,000. Penn depreciated the truck by another $2,000 during the year it was sold. Does Penn record gain or loss on the sale and how much?

Loss of $17,000

Loss of $19,000

Gain of $8,000

Gain of $6,000

Q38. In what situations are notes payable used in lieu of accounts payable?

To give the lender formal proof of the obligation, for collection of debt purposes, and to require the borrower to pay interest

To provide short-term financing, for collection of debt purposes, and to pay off the debt quicker

To create better credit, incur liability over a shorter time frame, and acquire additional financing for different lines of business

Because other financing is not available, to facilitate business relationship with other companies, and to improve goodwill

Q39. In the stockholders equity section of the balance sheet, the cost of treasure stock is deducted from the following:

Total paid-in capital and retained earnings

Retained earnings

Total stockholders' equity

Common stock in paid-in capital

Q40. To arrive at net cash provided by operating activities, the statement of cash flows prepared by the indirect method starts with net income and then adds or deducts various items. In making this calculation, the following items are added to net income under the indirect method:

Depreciation expense, gain on the sale of plant assets, and increase in current liability account

Patent amortization expense, increase in current asset account, and decease in current asset account

Depletion expense, loss on the sale of plant assets, and patent amortization expense

Gain on the sale of plant asset, increate in current asset account, and decrease in current liability account

Q41. In horizontal analysis, each item is expressed as a percentage of the following:

Stockholders' equity amount

Total assets amount

Base year amount

Net income amount

Q42. The following is an example of an unethical action committed by ABC, Inc.'s accountant, Fred Anderson.

Anderson's supervisor asks him to inflate income for the current period to make the company appear more profitable.

Anderson's recording of amortization is audited by an independent auditor.

Anderson records income using the cash basis of accounting, contrary to GAAP.

Anderson causes $200 in ABC, Inc. merchandise to be shipped to him for free.

Q43. Strategic management involves the _________, directing, _________ and controlling of a company's strategy-related decisions and actions.

financing; marketing

planning; financing

marketing; planning

planning; organizing

Q44. The DMAIC (define, measure, analyze, improve, control) process is relevant to

CCC21.

balanced scorecard.

strategic matrix analysis.

Six Sigma.

Q45. Identifying and assessing a company's resource strengths and weaknesses and its external opportunities and threats is called a __________________.

SWOT analysis

competitive asset/liability analysis

competitive positioning analysis

strategic resource assessment

Q46. The market opportunities most relevant to a particular company are those that

offer the best growth and profitability.

provide a strong defense against threats to the company's profitability..

hold the most potential for product innovation.

provide avenues for taking market share away from close rivals.

Q47. Organizational requirements to support and sustain cost leadership are

subjective measurements and incentives.

tradition of closeness to key customers.

frequent, detained control reports.

some personnel skilled in sales and operations.

Q48. Organizational requirements to support and sustain differentiation activities include which of the following:

frequent, detailed control reports

structured organization and responsibilities

tradition of closeness to key customers

incentives based on meeting strict, quantitative targets

Q49. A __________ is an articulation of a simple criterion or characterization of what the leader sees the company must become to establish and sustain global leadership.

leader's principle

mission

leader's vision

strategic intent

Q50. The overriding goal of a control system is to enable the __________ and __________ of the business.

improvement, diversification

process, development

survival, long-term success

invention, entrepreneurship

BUS475 Week-5 Assignment

Write a 700- to 1,050-word section for your business model and strategic plan in which you add your strategies and tactics to implement and realize your objectives, measures, and targets.
Include marketing and information technology strategies and tactics.
Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.
Explain the ethical issues faced by the organization, summarize the legal and regulatory issues faced by the organization, and then summarize the organization's corporate social responsibility.

Develop a 350-word page executive summary defining the new division of existing business. Share your Vision, Mission, final business model, value proposition and list your key assumptions, risks, and change management issues. Quantify the growth and profit opportunity and planned impact on various stakeholders.

Note: Any investor should be eager to meet with you after reading your executive summary.
Using the University of Phoenix Material: Business Model and Strategic Planning Outline as a guide, combine Parts 1, 2, and 3 of your completed business model strategic plan with your Final Business Plan Model assignment and Executive Summary. This includes the Business Model, Vision, Mission, Values, SWOTT Analysis, Supply Chain Analysis, Balanced Scorecard, and Communication Plan from prior weeks. Your consolidated final strategic plan should be 4,200 to 5,250 words in length.