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Exam Paper Questions and Answers Verified Answers BEST FOR 2024 EXAM

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Exam Paper Questions and Answers (Verified Answers) BEST FOR 2024 EXAM Which of the following is NOT a strategic alternative to laying off employees? KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic bok choy, $6.75 of Wisconsin cheddar chee...

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  • March 5, 2024
  • 13
  • 2023/2024
  • Exam (elaborations)
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Exam Paper Questions and Answers (Verified
Answers) BEST FOR 2024 EXAM

1). Which of the following is not a strategic alternative to laying off employees?

 Ans: implementing a restricted hiring policy
downsizing the workforce
lowering employment standards
mandating reduced hours

Lowering Employment Standards


2). Kj built his taco truck out of $75,000,000 worth of titanium and duct tape. he uses $10.25 of
organic bok choy, $6.75 of wisconsin cheddar cheese, and $25.25 of foie gras in each taco.
if he sells tacos at $475 each, what is his break-even quantity?

 Ans: 194,640
173,310
167,125
181,292

173,310


3). The marketing concept today is about what?

 Ans: Sales
Relationships
Aggressive advertising
Price

Sales


4). Which of these is not a cash flow activity category in the statement of cash flows?

 Ans: operating.
investing.
financing.
depreciating.




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, Depreciating


5). Which one of the following statements is false?

 Ans: TC = TFC + TVC
ATC = AFC + AVC
AFC = TFC divided by Q
MC = TC divided by Q

AFC = TFC divided by Q


6). The ratio that explains how efficiently companies use their assets to generate revenue.

 Ans: Receivables turnover ratio
Asset turnover ratio
Income ratio
Quick ratio


Asset Turnover Ratio


7). The sum of the squares total (sst)

 Ans: measures the total variability in X about the mean.
measures the total variability in Y about the mean.
measures the variability in X about the regression line.
measures the variability in Y about the regression line.

Measures the variability in Y about the regression line.


8). This strategy sacrifices responsiveness to local markets in favor of efficiency. microsoft, for
example, offers the same software programs around the world but adjusts the programs to
match local languages.

 Ans: Multinational strategy
Global strategy
Transnational strategy
Multidomestic strategy

Global


9). Another time around helps young inner city kids develop products they can make and sell to
earn money for college. what concept best describes this?


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