MGT 8803 TESTS COMPILATION BUNDLE

The management process correct answer: planning, organizing, leading, controlling planning correct answer: setting performance objectives and deciding how to achieve them organizing correct answer: arranging tasks, people, and other resources to accomplish the work leading correct answer...

Shareholders only receive money after what is done? correct answer: suppliers have been paid wages to workers have been paid. interest to bondholders have been paid. taxes have been paid. Capital Budgeting correct answer: The process of determining exactly which assets to invest in and...

responsive supply chains correct answer: Speed Focused. Innovative Products Efficient Supply Chain correct answer: Cost Focused Good for Functional Products Functional Products correct answer: Predictable demand Low inventory cost long product life low inventory cost low product v...

Proprietorship correct answer: Single Owner; unlimited liability & no taxation Partnership correct answer: More than one owner; unlimited liability & no taxation Corporation correct answer: A business owned by stockholders (shareholders -> board of directors --> top managers); limited...

Promotion Types correct answer: 1. personal selling 2. mass selling 3. sales promotion Marketing Mix Levers correct answer: 4 P's - product, place, price, promotion Accumulating correct answer: Collecting products from many small producers Acquisition correct answer: where the compan...

cash correct answer: Current Asset (BS) Deferred Revenue correct answer: Current Liability (BS) Treasury Stock correct answer: Contra-Equity (BS) Cost of Goods Sold correct answer: Expense (IS) Interest Expense correct answer: Expense (IS) Sales correct answer: Revenue (IS) S...

Unit of measurement 3. Going concern 4. Periodicity 5. Materiality What does materiality mean? correct answer: The only information that needs to be disclosed in financial statements is information that will be useful for those who rely on the financial statements to make decisions. What a...

Why are financial ratios used? correct answer: Used to enable financial statement users to examine how a firm has performed relative to its peers and relative to its own historical performance. What does differences in ratios for the two companies in the same industry indicate? correct answer: ...

3 factors that effect planning of organization correct answer: 1) organization level (more heirarchy better with more stability) 2) degree of uncertainty (more uncertain, shorter planning horizon) 3) length of future commitments (planning horizon should be as long as length of longest commitment ...

Forms of Businesses: Proprietorship & Partnership • ____________liability • No ____________ (on the business; the owner, however days pay taxes) Corporation (Shareholders -> Board of Directors -> Top Managers) • ____________ liability • Taxation (corporations pay taxes, sh...

Which one of the following is reported on the Balance Sheet at current market value? a) Accounts Receivable b) Buildings c) Treasury Stock d) Land e) Marketable Securities correct answer: e) Marketable Securities The form of business organization that is legally separate from its owners...

Balance Sheet correct answer: A financial statement that reports assets, liabilities, and owner's equity on a specific date. Income Statement correct answer: A financial statement showing the revenue and expenses for a fiscal period. What is net income? correct answer: Revenues - Expenses ...

Ending Retained Earnings correct answer: beginning retained earnings + net income - dividends Statement of Stockholders' Equity correct answer: Beginning Stockholders Equity + Net Income - Dividends + Issuance of Capital Stock Net Income correct answer: Revenues Earned -Expenses Incurred ...

What is planning? correct answer: Identifying goals and strategies to get to those goals. What was the focus of classical management? correct answer: Productivity, making workers and organizations more efficient. What are Fayol's four functions of management? correct answer: 1. Planning (d...