MBA Exit UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
MBA Exit
Institution
MBA Exit
MBA Exit UPDATED ACTUAL Exam
Questions and CORRECT Answers
ABC analysis - CORRECT ANSWER -inventory control system that divides the
inventory into three classes: A, B, and C, depending on the value and importance of the item
accelerated depreciation method - CORRECT ANSWER -allows asset own t...
MBA Exit UPDATED ACTUAL Exam
Questions and CORRECT Answers
ABC analysis - CORRECT ANSWER✔✔ -inventory control system that divides the
inventory into three classes: A, B, and C, depending on the value and importance of the item
accelerated depreciation method - CORRECT ANSWER✔✔ -allows asset own to take
greater amounts of depreciation during early years of asset's life, defers some of the taxes
until later years
acceptable quality level (AQL) - CORRECT ANSWER✔✔ -quality standard that allows for a
prespecified number of defects
acceptance - CORRECT ANSWER✔✔ -an assent to an offer in accordance with its terms
accounting exposure - CORRECT ANSWER✔✔ -variability in the firm's reported values for
NI and net worth that results from changes in exchange rates
accounting rate of return - CORRECT ANSWER✔✔ -capital-budgeting criterion that relates
the returns generated by the project, as measured by average accounting profits AFTER tax,
to avg dollar size of the investment required; AKA simple ROR or unadjusted ROR
acid test ratio - CORRECT ANSWER✔✔ -(CA-inv)/CL. more stringent measure of liquidity
than current ratio. AKA quick ratio
activity-based costing (ABC) - CORRECT ANSWER✔✔ -system that accumulates costs on
the basis of production or service activities at a firm. Assigns costs by activity and links them
to specific products
Activity-based management (ABM) - CORRECT ANSWER✔✔ -system-wide, integrated
approach that focuses mgmt's attn on activities with the objectives of improving customer
value and the profit achieved by providing this value. ABC is major source of info for this
,advertising - CORRECT ANSWER✔✔ -any paid form of non personal communication
designed to gain acceptance of the advertiser's message
advertising research - CORRECT ANSWER✔✔ -carried on as an aid or support function to
the advertising manager
after-tax cash flow - CORRECT ANSWER✔✔ -the net cash flow (cash rev- cash exp) after
taxes have been subtracted. CF generated from operations
agency relationship - CORRECT ANSWER✔✔ -consensual arrangement between 2 persons
whereby one agrees to act for the benefit of and under control of the other person
aggregate production planning - CORRECT ANSWER✔✔ -establishment of aggregate
production and inventory levels over a medium range time horizon
american terms - CORRECT ANSWER✔✔ -method of exchange-rate quotation that gives
the value of a foreign currency in USD
amortized loan - CORRECT ANSWER✔✔ -loan that's paid off in periodic equal installments
and includes varying portions of principal and interest during its term
analysis of variances (variance analysis) - CORRECT ANSWER✔✔ -analysis and
investigation of causes for variances between std costs and actual costs. variance favorable if
actual costs < std costs. unfavorable if actual costs > std costs. need to investigate
unfavorable variances further to determine causes, so corrective action can be taken
annual report - CORRECT ANSWER✔✔ -audited document issued annually by all publicly
listed corporations to their SH in accordance with SEC regulations. contains info on financial
results and overall performance of the previous fiscal year and comments on future outlook
application program - CORRECT ANSWER✔✔ -computer software written specifically to
process data in an IS. Performs tasks and solves problems applicable to a manager's work
,appreciation - CORRECT ANSWER✔✔ -increase in value of one currency in terms of
another currency. when dollar appreciates, can be exchanged for greater amounts of foreign
currencies
arbitrage-pricing model (APM) - CORRECT ANSWER✔✔ -theory that relates stock returns
and risk. maintains that security returns vary from their expected amounts when there are
unanticipated changes in basic economic forces (unexpected changes in industrial production,
inflation rates, terms structure of interest rates, and diff between interest rates of high and low
risk bonds)
area sampling - CORRECT ANSWER✔✔ -may be used for market research when population
lists are not available. blocks selected at random and residents are interviewed either in total
or randomly (part of market research
artificial intelligence (AI) - CORRECT ANSWER✔✔ -thinking and reasoning software
based on info inputted into it by a human expert. reasoning process involves self-correction.
significant data are evaluated and relevant relationships uncovered. computer learns which
kind of answers are reasonable and which are not. AI performs complicated strategies that
determine the best or worst way to accomplish a task or avoid and undesirable result. Ex of
applications: tax planning, capital budgeting analysis
assembly chart - CORRECT ANSWER✔✔ -graphical method for visualizing how the
various parts and subassemblies flow into the assembly process
asset turnover - CORRECT ANSWER✔✔ -sales/assets. measure of efficiency of asset
management
assignable causes - CORRECT ANSWER✔✔ -causes of poor quality that are due to
problems with materials, machines, or operators and that can be remedied
assignment problem - CORRECT ANSWER✔✔ -problem of determining how the
assignments should be made in order to minimize total costs
attribute mapping - CORRECT ANSWER✔✔ -technique for IDing new products by mapping
product-line attributes; searching for "attribute space" or possible new attribute combos for
new products
, B2B (business-to-business) e-commerce - CORRECT ANSWER✔✔ -using B2B trading
networks, auction sites, spot exchanges, online product catalogs, barter sites, and other online
resources to reach new customers, serve current customers more effectively, and obtain
buying efficiencies and better prices
B2C (business-to-consumers) e-commerce - CORRECT ANSWER✔✔ -online selling of
goods and services to final customers
baby boomers - CORRECT ANSWER✔✔ -78 million ppl born during baby boom, WWII-
early 1960s
bailment - CORRECT ANSWER✔✔ -exists when possession of property belonging to one
person is delivered to another person who intends to assume custody or control over the
property and who expressly or implicitly promises to return it to the owner or dispose of it as
directed by the owner
bait-and-switch advertising - CORRECT ANSWER✔✔ -technique by which a g/s is
advertised at a low price with intention of attracting customers, then switching them over to
higher-priced items. seller may have no intention of selling "bait item" cust is often told bait
item is out of stock or inferior
balance of payments - CORRECT ANSWER✔✔ -relationship between monies received from
exports and monies paid out for imports
balance of trade - CORRECT ANSWER✔✔ -unit of the balance of payments that reflects the
value of all goods imported and exported by any nation
balanced scorecard - CORRECT ANSWER✔✔ -approach using multiple measures to
evaluate managerial performance. measures may be financial or nonfinancial, internal or
external, and ST or LT. scorecard allows determination as to whether manager is achieving
certain objectives at the expense of others that may be equally or more important
bankruptcy - CORRECT ANSWER✔✔ -a legal procedure through which the ownership of a
firm's assets is transferred to debt holders. inability to pay debts when due. a business is
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