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TAMU BUSN 101 Midterm - Gammenthaler (Fall 2024) Questions & Answers Verified 100% Correct!!
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TAMU BUSN 101 Midterm - Gammenthaler (Fall 2024) Questions & Answers Verified 100% Correct!!
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Name: Score:113 Multiple choice questions
Definition 1 of 113
An accountant who has completed an approved bachelor's degree program, passed a test
prepared by the American Institute of CPAs, and met state requirements
Certified Management Accountant (cma)
Certified Public Accountant (CPA)
Liabilities
Earnings Per Share (eps)
Term 2 of 113
Financial Accounting
Accounting that focuses on preparing external financial reports that are used by outsiders
such as lenders, suppliers, investors, and government agencies to assess the financial
strength of a business
Helping organizations operate effectively through an outside perspective of problem-
solving, best practices, and strategy to help companies improve their performance
Organize the Information, Define the Key Issue, Analyze the Data, Construct Arguments
that Address the Key Issue, Critique the Arguments, Communicate your Conclusions
Accounting that provides financial information that managers inside the organization an
use to evaluate and make decisions about current and future operations
,Term 3 of 113
Supply Chain Management
The process of beginning to implement a strategic plan by addressing issues of
coordination and allocating resources to different parts of the organization
The process of deciding what needs to be done to achieve organizational objectives;
identifying when and how it will be done; and determine who should do it
The process of smoothing transitions along the supply chains that the firm can satisfy its
customers with quality products and services; focuses on developing tight bonds with
suppliers
The process of reviewing the records used to prepare financial Problems and issuing a
formal auditor's opinion whether the statements have been prepared in accordance with
accepted accounting rules
Term 4 of 113
Supply Chain
The process of assessing the organization's progress toward accomplishing its goals;
monitoring the implementation of a plan and correcting deviations from the plan
The entire sequence of securing inputs, producing goods, and delivering goods to
customers
Raw materials --> Supplier --> Manufacturer --> Distributor --> Retailer --> Customer
The process of beginning to implement a strategic plan by addressing issues of
coordination and allocating resources to different parts of the organization
The process of reviewing the records used to prepare financial Problems and issuing a
formal auditor's opinion whether the statements have been prepared in accordance with
accepted accounting rules
,Definition 5 of 113
The process of assessing the organization's progress toward accomplishing its goals; monitoring
the implementation of a plan and correcting deviations from the plan
Controlling
Accounting
Organizing
Planning
Definition 6 of 113
A fixed amount of money paid by the borrower (for a bond, loan, or mortgage) to the lender (or
bondholder) on a regular schedule
Interest
Expenses
Liabilities
Dividends
Term 7 of 113
Information
The process of collecting, recording, classifying, summarizing, reporting, and analyzing
financial activities
Data that has been processed, interpreted, organized, structured, or presented in way that
makes it meaningful or useful
A financial statement that summarizes a firm's revenues and expenses and shows its total
profit or loss over a period of time
A short description of an organization's aspirations and the wider impact it aims to create;
focuses on the "why"
, Term 8 of 113
Strategic Planning
The process of creating long-range (1-5 years), broad goals for the organization and
determine what resources will be needed to accomplish those goals
The process of creating long-range (2-12 years), broad goals for the organization and
determine what resources will be needed to accomplish those goals
The process of creating long-range (21-31 years), broad goals for the organization and
determine what resources will be needed to accomplish those goals
The process of creating long-range (6-9 years), broad goals for the organization and
determine what resources will be needed to accomplish those goals
Definition 9 of 113
A unique abbreviated used to identify the shares of a publicly traded company
Status Symbol
Common Stock
Ticker Symbol
Share Price
Definition 10 of 113
The process of reviewing the records used to prepare financial Problems and issuing a formal
auditor's opinion whether the statements have been prepared in accordance with accepted
accounting rules
Managerial Accounting
Auditing
Accounting
Marketing
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