Lo 201 - Study guides, Class notes & Summaries

LO-201 Final - First Half of Semester Content Questions & Answers Definition of "Logistics" - ANS-That part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements. Definition of "Supply Chain Management" - ANS-The design, planning, execution, control, and monitoring of...

Chapter 3 LO 1-3 - BUS 201 week 3 Exam Review Ethics - Answer->are beliefs about what is right and wrong or good and bad ethical behavior - Answer->is behavior that conforms to individual beliefs and social norms define about what is right and good unethical behavior - Answer->is behavior that individual beliefs and social norms define as wrong and bad business ethics - Answer->refers to ethical or unethical behaviors by a business's managers or employee's individual et...

1. Research has shown that ______ detect most frauds. a. Auditors b. Customers c. Vendors d. Employees ANSWER: d FEEDBACK: a. Incorrect. Auditors usually detect fraud when there are red flags in the financial statements. Usually by this time the fraud is large. b. Incorrect. Customers can also detect fraud, but they are not the most effective resource. c. Incorrect. Vendors can also detect fraud, but they are not the most effective resource. d. Correct. Emplo...

Chapter 03 1. Which of the following is/are not true about a proper journal entry? a. An explanation is needed immediately after each debit and immediately after each credit. b. All credits are indented. c. A debit is never indented, even if a liability or owner's equity account is involved. d. All debits are listed before the first credit. e. In a compound entry, the largest amounts are listed first. ANSWER: POINTS: DIFFICULTY: LEARNING OBJECTIVES: NATIONAL STANDARDS: STATE STANDARD...

CHAPTER 1 MANAGERIAL ACCOUNTING SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 C 9. 1 K 17. 2 C 25. 3 C 33. 2 C 2. 1 K 10. 2 K 18. 2 K 26. 3 C 34. 2 K 3. 1 K 11. 2 K 19. 2 K 27. 3 K 35. 2 K 4. 1 K 12. 2 K 20. 2 K 28. 4 K 36. 3 K 5. 1 K 13. 2 K 21. 3 K 29. 4 K 37. 3 K 6. 1 K 14. 2 C 22. 3 K 30. 4 K 7. 1 C 15. 2 C 23. 3 K 31. 1 K 8. 1 K 16. 2 K 24. 3 K 32. 1 K Mult...

CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 12. 3 C 23. 5 K 34. 7 K 45. 7 K 2. 1 K 13. 3 C 24. 5 K 35. 7 C 46. 7 K 3. 1 K 14. 3 K 25. 5 C 36. 7 K 47. 7 K 4. 1 K 15. 4 K 26. 6 K 37. 7 K 48. 7 K 5. 1 C 16. 4 C 27. 6 K 38. 7 C 49. 7 K 6. 1 K 17. 4 K 28. 6 K 39. 7 K 50. 7 K 7. 1 C 18. 4 K 29. 7 K 40. 7 K 51. 7 K 8. 2 K 19. 4 K 30. 7 ...

SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 9. 2 K 17. 4 K 25. 6 C sg33. 2 K 2. 1 K 10. 2 K 18. 4 C 26. 6 K sg34. 3 K 3. 1 C 11. 2 K 19. 5 C 27. 6 K sg35. 6 C 4. 1 C 12. 2 K 20. 5 K 28. 6 K sg36. 6 K 5. 1 K 13. 2 K 21. 5 C 29. 6 K sg37. 6 K 6. 1 K 14. 2 K 22. 6 K a30. 7 K 7. 1 C 15. 3 C 23. 6 C sg31. 1 K 8. 2 K 16. 3 K 24. 6 C sg32. 2 K Multiple Choice Questions 38. 1 K 66. 2 K ...

1. At a plant where car doors are manufactured, all of the following would be classified as direct labor except: a. Machinists. b. Assembly workers. c. Supervisor. d. Painters. ANSWER: c RATIONALE: Maintenance workers, while integral to the manufacturing process as they keep the machinery maintained, are not direct laborers because they do not actually add value to the product. Machinists, assembly workers and painters would all add value to the manufacture of a car door. ...

CHAPTER 2 THE RECORDING PROCESS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVES AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 9. 1 K 17. 2 K 25. 3 K 33. 2 K 2. 1 K 10. 1 K 18. 2 K 26. 3 C 34. 3 K 3. 1 K 11. 1 K 19. 2 K 27. 3 K 35. 3 C 4. 1 K 12. 1 K 20. 2 K 28. 3 K 36. 4 K 5. 1 K 13. 1 K 21. 2 K 29. 3 K 37. 4 K 6. 1 K 14. 1 K 22. 2 K 30. 4 K 7. 1 K 15. 2 K 23. 2 K 31. 1 K 8. 1 K 16. 2 K 24. 2 K 32. 1 K Multiple Choice Questio...

TEST BANK FOR ACCOUNTING,, TOOLS FOR BUSINESS DECISION MAKING 6TH EDITION PAUL D. KIMMEL, JERRY J. WEYGANDT, DONALD E. KIESO CHAPTER 2 A FURTHER LOOK AT FINANCIAL STATEMENTS SUMMARY OF QUESTIONS BY LEARNING OBJECTIVE AND BLOOM’S TAXONOMY Item LO BT Item LO BT Item LO BT Item LO BT Item LO BT True-False Statements 1. 1 K 12. 2 K 23. 2 K 34. 3 K 45. 3 K 2. 1 K 13. 2 K 24. 2 K 35. 3 C 46. 3 K 3. 1 K 14. 2 K 25. 2 C 36. 3 K 47. 3 K 4. 1 K 15. 2 K 26. 3 K 37. 3 K 48. 3 K 5. 1 C 16...