Bus 330 - Study guides, Class notes & Summaries

Apprenticeship training correct answers System of training in which a worker entering the skilled trades is given thorough instruction and experience, both on and off the job, in the practical and theoretical aspects of the work Behaviour modification correct answers The belief that the consequences of behavior determine if it will be repeated or discontinued Coaching correct answers A more experienced employee closely observes a less experienced worker over a short period of time and prov...

Why does the Bible place so much emphasis on money and possessions? A. Our spiritual condition can be gauged by our attitude regarding money and possessions. B. Every church needs money C. Money is the most important thing in the world D. Every true Christian will be wealthy correct answers A. Our spiritual condition can be gauged by our attitude regarding money and possessions. Which is NOT one of the three sources we can look to for Biblical wisdom? A. Culture B. Scripture C. T...

Which of the following characteristics is considered to be an advantage of the corporate form of organization? Avoidance of double taxation Limited liability of stockholders Low level of regulation The absence of a perpetual existence correct answers Limited liability of stockholders Stockholders are only held liable for the amount of their investment. Double taxation and high regulation are considered to be disadvantages. Corporations have a perpetual existence. Of the following ...

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What is the present value of $10,000 in year 1, $20,000 year 2, $40,000 year 3? The required rate is 10%. correct answers $55,762 0 CFj0 10,000 CFj1 20,000 CFj2 40,000 CFj3 10 i/y NPV= 55,672 What is the future value of $30,000 invested per year for 30 years at a 10% annual rate? correct answers $493,482 -3,000 PMT 30n 10 i/y FV= 493,482 What is the present value of $100,000 to be received in 30 years at a 10% discount rate? correct answers $5,731 100,000 FV 30n 10 i/y PV= ...

Which of the following costing methods is the more traditional method? correct answers Absorption Costing Which cost element represents the key difference between absorption costing and variable costing? correct answers Fixed Manufacturing Overhead (T/F) Gross profit would appear in a variable costing income statement. correct answers FALSE (T/F) With both variable costing and absorption costing, all selling and administrative costs, whether they be fixed or variable, are expen...

The financial goal of a corporation is to: correct answers Maximize the value of the firm for the shareholders Which one of the following is not usually the responsibility of a treasurer in a corporation? correct answers Preparing financial statements(They do cash management, investor relationships, raise new capital) Generally, a corporation is owned by its correct answers shareholders Which one of these statements is correct? correct answers It is easy to transfer ownership of a corpo...

If received investment to get 20% with $10M Pre, how much does each person own ($ and %)? correct answers to own 20% then the current ownership is 80% of new total value. Therefore, divide 10M by 0.8 to get new total = 12.5M post Investor gets 20% of 12.5M = 2.5M Owner keeps 80% of 12.5M = 10M Pro RATA rights correct answers Allows previous investors to invest more money in the future to avoid dilution. Good for entrepreneur if they like the investor (can get more money from them). Bad for...

aggregate functions correct answers used to calculate sums, averages, counts, maximum values, and minimum values. AND correct answers operator connects simple conditions, all the simple conditions must be true for the compound condition to be true. AND condition correct answers When a WHERE clause uses the AND operator to connect simple conditions, it also is called an AS correct answers You also can assign a name, or alias, to a computed column by following the computation with the wor...

Question text A social firm is an organization that: Select one: a. Provides legal assistance to people in generational poverty at a reduced cost b. Provides employment opportunities to severely disadvantaged populations c. Provides financial contributions to support disadvantaged youth wishing to pursue higher education d. Educates individuals on social causes and how to develop social enterprises Question text What have been the two major outcomes of business criticisms over the ...