Texas Business and Finance 6-12 (276) Questions and Answers
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Course
Texas Business and Finance
Institution
Texas Business And Finance
When a company is trying to regulate its spending and track incoming funds, the accountant should
prepare an income statement once
o :## every month.
A lending company will review a borrower's accounting documentation to evaluate
o :## creditworthiness.
Which of the following doctrines preven...
Texas Business and Finance 6-12 (276)
Questions and Answers
When a company is trying to regulate its spending and track incoming funds, the accountant should
prepare an income statement once
o :## every month.
A lending company will review a borrower's accounting documentation to evaluate
o :## creditworthiness.
Which of the following doctrines prevents a person from insuring a neighbor's house?
o :## Doctrine of subrogation
Which of the following inventory systems is designed to record the actual costs associated with the
inventory using a physical count?
o :## The perpetual inventory system
In which of the following sections of the balance sheet is prepaid insurance recorded?
o :## Assets
Which of the following statements is generally true about the purchasing function today?
o :## Purchasing is evolving into strategic supply management.
The owner of a small boat rental company opened the business as a sole proprietorship but has since
decided to bring a friend into the business. It is best for the owner, who is concerned about the cost of
changing the form of the company's organization, to change the business structure to a
o :## partnership.
Kim, a young college student, has decided to start a business. She does not have much capital but
believes the business can generate capital through an initial public offering (IPO). An IPO is categorized
as
, 2|P a g e
o :## equity.
The marketing department of a small business wants to obtain information about how and why a
product continues to be successful after many years. Which of the following research techniques will be
most effective?
o :## Requesting user surveys
Which of the following best describes management practices that promote adaptability in a global
business environment?
o :## Changing strategies to accommodate local conditions
Which of the following types of compensation has the greatest positive effect on employee motivation
and productivity?
o :## Varied and attainable pay mix
To have the greatest impact on long-term employee productivity, businesses must
o :## conduct effective employee evaluations.
RXJW is a publicly traded company that is required by law to register its code of ethics with the
Securities and Exchange Commission and ensure that its senior financial officers are aware of the policy.
Which of the following mandates this requirement?
o :## Sarbanes-Oxley Act
Which of the following advertising claims is most likely to prompt an inquiry by the Federal Trade
Commission?
o :## Using our cream guarantees no more wrinkles.
In which of the following situations has a tort occurred?
o :## A firework spark lands on a neighbor's tree and burns it down.
Which of the following policies will most likely increase foreign trade?
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