Week 1 Quiz. Two points each 1. In a corporation‚ the Chief Financial Officer (CFO) usually reports to the: a. Treasurer b. Controller c. Chief Operating Officer (COO) d. VP of Financial Planning 2. The primary factor that separates the corporate form of business from partnerships and sole proprietorships is: a. Corporations are larger than partnerships and sole proprietorships b. The owners of the corporations get to keep all of the profit c. The owners of corporations run the business and
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understand that a contract is being made and to understand its general nature. Question 4 1 out of 1 points In the case of an illegal contract‚ both parties usually are prohibited from seeking relief in the courts: Selected Answer: all of the above. Correct Answer: all of the above. Question 5 1 out of 1 points Which of the following is not an example of a state penalty for violating usury law? Selected Answer: restricting the lender to the recovery of the loan plus seventy-fifty
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process of associating income tax effects with the income statement components that create those effects. True False 3. Material restructuring costs are reported as an element of income from continuing operations. True False 4. Earnings quality refers to the ability of reported earnings (income) to predict future earnings. True False 5. Gains‚ but not losses‚ from discontinued operations must be separately reported in an income statement. True False
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Chapter 12 & 13 1. A sales manager collected the following data on salespersons’ annual sales and years of experience. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136 a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to
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Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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True/False True 1. Empowerment is letting others make decisions and exercise discretion in their work. True 2. Given a clear mission‚ core values‚ objectives and strategy‚ organizing begins the process of strategy implementation by clarifying jobs and working relationships. False3. In the management process of organizing‚ the strategic leadership challenge is to choose least expensive organizational form to fit the strategy of the organization. True4. An organization’s ability to implement its
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distinguishing feature of a common law legal system? D. The making of law by the judges and the following of precedent 2) Which best describes the types of agency authority held by officers of a corporation? D. Express‚ implied‚ and apparent authority 3) If an LLC fails to follow formalities such as keeping minutes of meetings‚ which of the following is true? C. This failure will not result in imposing personal liability on any member. 4) Martha started a flower shop
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that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit depends on the desirability of leaving‚ ease of leaving‚ and alternatives available to the employee. True False 5. Employees who have a high intention to quit necessarily end up quitting their jobs.
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Practice Multiple Choice Tests for Chapter 4 Answers and feedbacks are at the end of this file. 1. You got a job in year 2008 with a salary of $25‚000. In 2009‚ you receive a $2000 increase in your salary. CPI for 2009 (with base year at year 2008) is 108. The percentage increase in your real income is: a. 2% b. 3% c. Zero d. 1% 2. The annual inflation rate in an economy dropped from 10% two years ago to 2% last year. Which of the following apply? a. prices of consumer
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Text Discussion Questions and Exercises: • Chapter 15: Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I
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