Professional Documents
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Examination Part 2
1.
2.
3.
4.
You work in marketing for a company that produces work boots. Quality
control has sent you a memo detailing the length of time before the boots
wear out under heavy use. They find that the boots wear out in an average of
208 days, but the exact amount of time varies, following a normal distribution
with a standard deviation of 14 days. For an upcoming ad campaign, you need
to know the percent of the pairs that last longer than six months-that is, 180
days. Use the empirical rule to approximate this percent.
5.
97.5%
95%
2.5%
5%
Corporate governance
Strategy implementation
Business-level strategy
Corporate-level strategy
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Examination Part 2
6.
7.
9.
10.
Infinity
0
+1
-1
information systems
procurement
technology development
human resource management
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Capstone Final Examination
11. Which of the following can be represented by a discrete random variable?
12.
14.
rules-based
simple in accounting requirements
principles-based
simple in disclosure requirements
15.
17.
19.
Trial balance
Adjusted trial balance
Balance
Post-closing trial balance
20.
accretion
amortization
depreciation
capitalization
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Final Exam Questions and Answers
21.
According to the text, the triple bottom line approach to corporate accounting
includes three components:
financial, environmental, and social
financial, organizational, and customer
An analyst believes the probability that U.S. stock returns exceed long-term
corporate bond returns over a 5-year period is based on personal assessment.
This type of probability is best characterized as a(n) ____________.
23.
Subjective probability
Objectivity probability
Empirical probability
A priori probability
Green, Inc. had 200,000 shares of common stock outstanding before a stock
split occurred and 800,000 shares outstanding after the stock split. The stock
split was:
24.
2-for-8
1-for-8
8-for-1
4-for-1
Firms must be aware of goals other than short-term profit maximization. One
area of concern should be social responsibility which is:
the expectation that business will strive to improve the overall
welfare of society
the fact that court costs could impact the financial bottom line
the idea that organizations are solely responsible to local citizens
the idea that businesses are responsible to maintain a healthy social
climate for their employees
25.
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26.
For both qualitative and quantitative data, what is the difference between the
relative frequency and the percent frequency?
The relative frequency equals the percent frequency multiplied by
100.
The percent frequency equals the relative frequency multiplied by
100
As opposed to the relative frequency, the percent frequency is
divided by the number of observations in the data set.
As opposed to the percent frequency, the relative frequency is
divided by the number of observations in the data set.
27.
Shaw Industries, a giant carpet manufacturer, increases its control over raw
materials by producing much of its own polypropylene fiber, a key input to its
manufacturing process. This is an example of _______________.
using related diversification to achieve value by leveraging core
competencies to achieve economies of scope
using related diversification to achieve value by pooling negotiating
power to achieve market power
using related diversification to achieve value by integrating vertically
in order to attain economies of scope
using related diversification to achieve value by integrating vertically
in order to acquire market power
28.
29.
Which of the following controls would best help detect the removal of a blank
check by an employee from the back of a company's checkbook for
subsequent misappropriation of funds?
An accounting policies manual
Tracing any debit memorandums from the bank to the company's
records
A review of the cash budget
The use of pre-numbered checks
30.
30 units at $120
120 units
90 units at $115
84 units
Assuming that a periodic inventory system is used, what is the cost of goods sold
on a FIFO basis?
$23,088
$11,022
$10,992
$23,118
32.
33.
34.
35.
36.
WellPoint Health Network states: WellPoint will redefine our industry: through
a new generation of consumer-friendly products that put individuals back in
control of their future. This is an example of a:
Vision statement
Vague statement of direction
Strategic objective
Line mangers individual goal
38.
$400,000
$120,000
$4,000,000
$280,000
39.
Assume that the Fitzgerald Corporation uses the indirect method to depict
cash flows. Indicate where, if at all, accounts receivable collected would be
classified on the statement of cash flows.
40.
Shaw Industries, a giant carpet manufacturer, increases its control over raw
materials by producing much of its own polypropylene fiber, a key input to its
manufacturing process. This is an example of _______________.
using related diversification to achieve value by integrating vertically
in order to acquire market power
using related diversification to achieve value by leveraging core
competencies to achieve economies of scope
using related diversification to achieve value by pooling negotiating
power to achieve market power
using related diversification to achieve value by integrating vertically
in order to attain economies of scope
41.
42.
On March 1st, Candy, Inc. had supplies on hand of $1,500. During the month,
Candy purchased supplies of $2,900 and used supplies of $2,800. The March
31st balance sheet should report what balance in their supplies account?
$2,800
$1,500
$1,600
$2,900
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Complete Assignment
43.
44.
The four key attributes of strategic management include the idea that:
Strategy must be focused on competitor strengths.
Strategy must be directed toward overall organizational goals and
objectives.
Strategy must be focused on one specific area of an organization.
Strategy must be focused on long-term objectives.
45.
Which financial statement would best indicate whether the company relies on
debt or stockholders equity to finance its assets?
46.
47.
The manager of Weiser is given a bonus based on net income before taxes. The
net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is
30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is
adopted instead of LIFO?
$12,600
$9,000
$6,300
$1,800
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BUS 475 Capstone Final Examination Part 2
48.
Sampling is used heavily in manufacturing and service settings to ensure highquality products. In which of the following areas would sampling be
inappropriate?
49.
50.
The owner of a company has recently decided to raise the salary of one
employee, who was already making the highest salary, by 20%. Which of the
following is(are) expected to be affected by this raise?
Median only
Mean and median only
Mean only
Mean, median, and mode
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Examination. The author is working in the field of education from last 5 years. This
article covers the questions & answers of BUS 475 Capstone Final Examination Part
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