...Practice Questions for Final – OM726 Spring 2012 1. Week 1 2 3 4 5 6 Gross Requirements 100 150 Scheduled Receipts 25 Projected On-Hand 10 Net Requirements Planned Order Receipt Planned Order Release a. What is the Projected On-Hand Inventory at the end of week 6 if the order quantity is 100 and lead time is 1 week? (3 points) 85 items on hand b. What does a Bill of Material provide? (2 points) Parts required to make the Finished Good, the required number of each part to make the part above it, and the order the parts are put together 2. A disability insurance claims reviewer evaluates three types of claims: Minor: 60% 2 hours Intermediate: 30% 4 hours Major: 10% 6 hours Type Percent Time (hours) Contribution to Weighted Average Contribution to Weighted Average Minor: 60% 2 1.2 Intermediate: 30% 4 1.2 Major: 10% 6 0.6 3 If he works 36 hours each week (actual worked time): a. What is his weekly capacity in claims reviews? 12 reviews b. If he does 12 reviews per week on average, what is his capacity utilization? 100% c. What factors would you consider to determine whether this is an appropriate CU Quality performance. How long customers had to wait. How much variability there is in demand. d. What is the optimal capacity utilization...
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...Part 1: Multiple Choice (25 questions @ 3 pts ea. Suggested time 50 minutes) Use a scantron to fill in the letter corresponding to the “best” answer. 1. Which of the following statements is NOT an objective of financial reporting? a. Provide information that is useful in investment and credit decisions. b. Provide information about enterprise resources, claims to those resources, and changes to them. c. Provide information on the liquidation value of an enterprise. d. Provide information that is useful in assessing cash flow prospects. 2. Accrual accounting is used because a. cash flows are considered less important. b. it provides a better indication of ability to generate cash flows than the cash basis. c. it recognizes revenues when cash is received and expenses when cash is paid. d. it recognizes revenues when earned and expenses when cash is paid. 3. The body that has the power to prescribe the accounting practices and standards to be employed by publicly traded companies is the a. FASB. b. AICPA. c. SEC. d. APB. 4. What would NOT be an advantage of having all countries adopt and follow the same accounting standards? a. Consistency. b. Comparability. c. Lower financial statement preparation costs for multinational entities. d. Lower cost of raising debt or equity capital across national borders. 5. According to the conceptual framework, which of the following is a primary characteristic of useful accounting information? a. Comparability...
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...SAMPLE FINAL EXAM ESSAY QUESTIONS-WIN2009 1-a)Briefly discuss what you consider to be the major differences between preventive, detective and corrective control procedures. b)Why should timely reports be an essential element within a company’s Internal control system and what kind of control is it? a)Preventive control procedures are designed and implemented before an activity is performed to prevent some potential problem (e.g., the inaccurate handling of cash receipts) from occurring that relates to the activity. Detective control procedures are designed and implemented to provide feedback to management regarding whether or not operational efficiency and adherence to prescribed managerial policies have been achieved. In other words, preventive controls should be developed prior to operating activities taking place and detective controls should be developed to evaluate if operating efficiency and adherence to policies of management have occurred after operating activities have taken place. Corrective control procedures come into play based on the findings from the detective control procedures. That is, through detective controls, corrective control procedures should be developed to identify the cause of an organization’s problem, correct any difficulties or errors resulting from the problem, and modify the organization’s processing system so that future occurrences of the problem will hopefully be eliminated or at least minimized. b)From the standpoint of evaluating...
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...ECON 100B – INTERMEDIATE MACROECONOMICS Professor Thomas Wu Spring 2011 First Midterm (April 22, 2011) Name: _________________________________ Instructions: i. You have 1 hour and 10 minutes to finish this exam; ii. No questions will be taken (it is your job to interpret and understand the question); iii. The exam is supposed to be long, so do not panic if you feel like you are not going to finish it (probably all other students are feeling the same way); iv. No cheating will be tolerated! Don’t talk to any other student, don’t look at any other exam, don’t leave any book or notes open around you, and don’t use calculators, cell phones or MP3 players. Any suspicious activity will result in receiving a ZERO on the exam! v. You MUST write your answer in the indicated space in order to get credit. vi. Good luck and remember: just try the best you can. Part I – Multiple Choices (2 points each, 8 points total) 1) A firm's value added equals: A) its revenue minus its cost of intermediate goods. B) its revenue minus all of its costs. C) its revenue minus its wages. D) its revenue minus its wages and profit. E) none of the above. Answer: ___ 2) Suppose C = 200 + 0.75YD. How much of an increase in government spending must occur for equilibrium output to increase by 1200? A) 300 B) 400 C) 800 D) 900 E) 1200 Answer: ___ Page 1 of 12 3) Suppose that the firms’ markup over cost is 100%, and the wage setting equation is W = P(0.6 – u), where u is the unemployment rate. What is...
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...University of Toronto Faculty of Arts and Science and Rotman School of Management RSM 260H1S – Organizational Behaviour Duration: 110 minutes Aids allowed: one aid sheet (front side only of an 8.5”x11” piece of paper) Paper foreign language dictionary for international students Please answer all questions in this exam. Answers to the multiple choice questions need to be filled in on the scantron sheets (remember to use pencil to fill in the circles) and also circled on the exam itself. Answers to the short answer questions should go in the exam booklet provided. All three components (scantron sheets, exam booklets, paper copy of exam) should be turned in at the conclusion of the exam. This exam consists of 25 multiple choice questions, 10 true/false questions and 2 short answer essay questions – you must answer ALL questions. The exam consist of 9 pages (including cover sheet) Name: ___________________________________________________________ Student #: ___________________________________ Question | Grade | 25 multiple choice questions(2 points each) | /50 | 10 true/false questions(1 point each) | /10 | Essay question #1 | /20 | Essay question #2 | /20 | Total: | /100 | Note that all page numbers refer to the 8th edition of John and Saks SECTION 1: Multiple choice questions (25 questions x 2 points each = 50 points total) Answer all multiple-choice questions. Circle the ONE best answer to the question, and fill it in on your...
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...ASMA FATHIMA REG NO: 11SKCMA016 TITLE OF THE STUDY: “A STUDY ON PERFORMANCE MANAGEMENT SYSTEM OF LIFESTYLE INTERNATIONAL PVT LTD” 1. TITLE OF THE STUDY: “A STUDY ON THE PERFORMANCE MANAGEMENT SYSTEM OF LIFESTYLE INTERNATIONAL PVT LTD.” 1.0. INTRODUCTION TO THE STUDY: Performance Management System (PMS) includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an organization, a department, employee, or even the processes to build a product of service, as well as many other areas. PMS is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities. In organizational development (OD), performance can be thought of as Actual Results vs Desired Results. Any discrepancy, where Actual is less than Desired, could constitute the performance improvement zone. Performance management and improvement can be thought of as a cycle: • Performance planning where goals and objectives are established • Performance coaching where a manager intervenes to give feedback and adjust performance • Performance appraisal where individual performance is formally documented and feedback delivered It is to understand the gap between two things: A performance problem is any gap between Desired Results and Actual Results. Performance improvement is any effort targeted at closing...
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...needs, motives, attitude and values at a sub-conscious level. Purpose of research: The research was primarily exploratory to gain insights into reasons why people make certain purchases. Mr. Campagna also wanted to get a flavour of language people use in talking about chain saw. Analysis of method: The research was conducted in states of Illionois and Wisconsin. People who were selected for TAT were screened on basis of whether they planned to purchase a chain saw in next 12 months or already owned a chain saw or had used a chain saw in past. However this was the only information collected, ideally some more information must have been collected regarding their demographics and more regions could have been considered. They restricted the sample to only two states. How should Conway and Baggins respond to Hamilton’s question? Hamilton...
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...All of the following data are demographic data except a. income b. age c. education d. residence e. religion * Data Types The following question elicits _____ data. How satisfied are you with the last flight you took with American Airlines? Very Somewhat Neutral Somewhat Very Dissatisfied Dissatisfied Satisfied Satisfied 1 2 3 4 5 a. demographic b. psychographic c. attitude d. behavioristic Types of variables marketing researchers may work with include all of the following except a. nominal b. ordinal c. logistic d. ratio The variable in which numbers serve only as labels to identify or categorize objects or events is the ____. a. nominal variable b. ordinal variable c. interval variable d. ratio variable The following question will result in a ____ variable. Which is your favorite Yogurt brand? __ Yoplait __ Dannon __ Chobani __ Stonyfield __ Other () a. nominal variable b. ordinal variable c. interval variable d. ratio variable Which type of scale is the following question? Please rank the importance of the following product features in your decision to buy a laptop computer. (1=most important, 4=least important) a. Rank order b. Likert scale ...
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...200 workers who responded to the survey questionnaires expressed a high level of interest in the topics of corporate restructuring and redesign of benefits programs. However, a critical review of the claim and its premise cast some doubts on the validity of the argument. First, corporate restructuring and redesign of benefit programs is a small part of management issues and thus cannot be used as a basis to say workers have interest in management issues. Second, for workers to have merely indicate on a questionnaire that they have interest in the topics of corporate restructuring and design of benefit programs is not enough to conclude that they actually do it in reality. Finally, a generalization made from the result of a survey with a sample size of 1,200 workers without stating the population size is not adequate. First and foremost, the discussion will touch on the inadequacy of the premise as against the claim. With this, I state that, corporate restructuring and redesign of benefit programs is a small part of management issues and thus cannot be used as a basis to say workers have interest in management issues. Management issues encompass several measures. These are inclusive of spinning of departments into agencies to enhance efficiency, changing of product lines, merging with or acquiring of other firms and so on. Again, the emphasis of benefit programs is so obvious that workers will be concerned with since it directly affect them thereby resulting in the kind of response...
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...(1) Assign a single number to each element in the sampling frame. – (2) Use random numbers to select elements into the sample until the desired number of cases is obtained. • The method is not very different from winning a lottery. 2. Systematic Sampling • Steps: – (1) Calculate the sampling interval as the ratio between population size and sample size, I = N/n. – (2) Arrange all elements in the population in an order. – (3) Select a case in the first interval randomly. – (4) Select every ith case from this point. 2. Systematic Sampling (continued) I I 1st element, randomly chosen I I I I – Systematic Sampling is easier and simpler than SRS – The text warns of a danger to this method. What is it? 3. Stratified Sampling • Stratified sampling is more complicated than SRS. The advantage is the guaranteed representativeness in some important characteristics. • For example, say that we want to select a sample of 100 individuals. Sex ratio in the sample is up to chance if we do SRS. We can guarantee the 50-50 split if we do stratified sampling: Stratified Sampling, Graphic Representation Population SRS SRS Sample • Stratified sampling is often used to reduce the variability of a sample. Oversampling, Graphic Representation Population SRS SRS Sample • Increasing the representation of a group in a sample. This is often done when groups are very different in size – e.g., race 4. Cluster Sampling • Cluster sampling is...
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...INTRODUCTION The Study is entitled “IRREGULAR SUDENTS CAUSES AND EFFECTS TO ITSELF”. The researchers chose this topic because nowadays, the researchers have noticed that there is an increasing population of irregular students. The researchers would like to know what causes them to become an irregular and the effects of being one. STATEMENT OF THE PROBLEM The main Problem is about the causes and effects of being an irregular student. The study seek to solve the following sub-problems: 1. What is the percentage of CITHM Tourism irregular students? 2. What are the causes that make the Tourism students irregular? 3. What are the effects of being an irregular student to the following? a. Grades/Class performance b. Schedule c. Course Completion d. Financially e. Social Life/Classmates 4. What are the actions being implemented by the college to minimize this problem? OBJECTIVES OF THE STUDY 1. To know the percentage of CITHM Tourism irregular Students. 2. To determine the causes that make the Tourism students irregular. 3. To find out the effects of being an irregular student to the following. a. Grades/Class performance b. Schedule c. Course Completion d. Financially e. Social Life/Classmates 4. To know the actions being implemented by the college to minimize this problem. BACKGROUND OF THE STUDY (Discuss the significance of the study, how the study contributes to existing knowledge, social relevance of the study...
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...sampling Cluster sampling is a sampling technique where the entire population is divided into groups, or clusters and a random sample of these clusters are selected. All observations in the selected clusters are included in the sample. Cluster sampling is typically used when the researcher cannot get a complete list of the members of a population they wish to study but can get a complete list of groups or 'clusters' of the population. It is also used when a random sample would produce a list of subjects so widely scattered that surveying them would prove to be far too expensive, for example, people who live in different counties in the Country. Advantages One advantage of cluster sampling is that it is cheap, quick, and easy. Instead of sampling the entire country when using simple random sampling, the research can instead allocate resources to the few randomly selected clusters when using cluster sampling. A second advantage to cluster sampling is that the researcher can have a larger sample size than if he or she was using simple random sampling. Because the researcher will only have to take the sample from a number of clusters, he or she can select more subjects since they are more accessible. Disadvantages One main disadvantage of cluster sampling is that is the least representative of the population out of all the types of probability samples. It is common for individuals within a cluster to have similar characteristics, so when a researcher uses cluster sampling, there...
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...Definition of Terms Target population * the population we want to study Sampled population * the population from where we actually select the sample Sample * these are the elements from the sampled population who are actually selected to participate or to be the subject in the study Sample size * Total number of elements in the sample SAMPLING * the process of selecting a small number of elements from a larger defined target group of elements such that the information gathered from the small group will allow judgments to be made about the larger groups SAMPLING TECHNIQUES * PROBABILITY SAMPLING a method of selecting a sample wherein each element in the population has a known, nonzero chance of being included in the sample. Simple Random Sampling a probability sampling method wherein all members of the population have equal chances of being included in the study. When to use: * If the members of the population are not so spread geographically. * If the members are homogeneous with respect to the characteristic under study. Systematic Sampling probability sampling method wherein the selection of the first member (random start - r) is at random (using simple random sampling) and the selection of the other members in sample is systematic by successively taking every kth member from the random start, where k is the sampling interval. When to use: * If the arrangement of the members is according to magnitude...
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...1.12 What is the difference between a sample and a population? In most studies, it is difficult to obtain information from the entire population. We rely on samples to make estimates or inferences related to the population. Population means the population of the whole area. Sample means a sample of people taken out of the population to be tested or studied. 1.13 What is the difference between a statistic and parameter? The difference between parameter and a statistic is that a parameter is a number obtained by calculation from a population while statistic is a number calculated from a sample. A statistic is usually used to estimate a parameter. 1.22 A Gallup poll indicated that 74% of Americans who had yet to retire look to retirement accounts as major funding sources when they retire. Interestingly, 40% also said that they looked to stocks or stock market mutual fund investments as major funding sources when they retire. (data extracted from D.Jacobs, “Investors Look Beyond Social Security to Fund Retirement,” www.gallup.com, March 28, 2011). The results are based on telephone interviews conducted March 24, 2011, with 1,000 or more adults living in the United States, aged 18 and older. a. Describe the population of interest. They are the Americans that have not retire yet. b. Describe the sample that was collected. They are the 18 and older group of adults. c. Is 74% a parameter or a statistic? Explain. It is a parameter...
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...INTRODUCTION Definitions Each country has its own currency through which both national and international transactions are performed. All the international business transactions involve an exchange of one currency for another Scope of the study * The study can help in analyzing Growth in currency derivatives. * Companies are looking to get a competitive edge * Quick returns are possible for short term profits in currency derivatives * Future growth of currency derivatives OBJECTIVES OF STUDY * OBJECTIVES OF THE STUDY The basic idea behind undertaking Currency Derivatives project to gain knowledge about currency future market. * To study the basic concept of Currency future * To study the exchange traded currency future * To understand the practical considerations and ways of considering currency future price. * To analyze different currency derivatives products. Limitations of the Study Every study is bound by limitations and as such this is no exceptions. 1. The analysis was purely based on the secondary data. So, any error in the secondary data might also affect the study undertaken. 2. The currency future is new concept and topic related book was not available in library and market. 3. Confidential matters were not disclosed by the company. 4. There were time constraints. Existing & proposed product Produts and services 1.Equity Trading The best way...
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