...Unit II Exam Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. The demand for a good or service is determined by |a. |those who buy the good or service. | |b. |the government. | |c. |the producers who create the good or service. | |d. |those who supply the raw materials used in the production of the good or service. | ____ 2. Which of the following is not a characteristic of a perfectly competitive market? |a. |Different sellers sell identical products. | |b. |There are many sellers. | |c. |Sellers almost always accept the price the market determines. | |d. |All of the above are characteristics of a perfectly competitive market. | ____ 3. Which of the following would not be a determinant of the demand for a particular good? |a. |prices of related goods ...
Words: 4280 - Pages: 18
...2016 FRM Exam Study Guide ® The designation recognized by risk management professionals worldwide 2016 Financial Risk Manager (FRM®) Exam Study Guide TOPIC OUTLINE, READINGS, able to deal with them effectively. As TEST WEIGHTINGS such, the Exams are comprehensive in The Study Guide sets forth primary nature, testing a candidate on a number topics and subtopics covered in the FRM of risk management concepts and Exam Part I and Part II. The topics were approaches. selected by the FRM Committee as ones that risk managers who work in practice today have to master. The topics and READINGS Questions for the FRM Exams are related their respective weightings are reviewed to and supported by the readings listed yearly to ensure the Exams are timely under each topic outline. These readings and relevant. The study Guide also were selected by the FRM Committee contains a full listing of all the readings to assist candidates in their review of that are recommended as preparation the subjects covered by the Exams. It is for the FRM Exam Part I and Part II. strongly suggested that candidates review Key concepts (knowledge points) these readings in depth prior to sitting for appear as bullet points at the beginning each exam. All of the readings listed in the of each section and are intended to help FRM Study guide are available through candidates identify the major themes GARP. Further...
Words: 4160 - Pages: 17
...NIC Final Exam Timetable 201501 (Trimester) Duration (mins) Reading Time (mins) Start Exam Start Exam End Room Principles of Marketing Surveying I Advanced Mathematics I Advanced Mathematics II Electrical Engineering I 180 180 180 180 180 10 10 0 0 10 9.00 9.00 9.00 9.00 9.00 9.10 9.10 9.00 9.00 9.10 12.10 12.10 12.00 12.00 12.10 GP3-18 GP3-18 GP3-20 GP3-20 GP3-20 CMNS1234 ICS001A Introduction to Digital Communication Intercultural Studies 60 150 0 10 2.00 2.00 2.00 2.10 3.00 4.40 GP3-20 * NNIC1000 A NIC-ECON1002 COM201A MATH1120 Communication & Literacy Stream A Macroeconomics for the Global Economy Communication Skills II Mathematics II 120 120 120 180 10 10 10 0 9.00 9.00 9.00 9.00 9.10 9.10 9.10 9.00 11.10 11.10 11.10 12.00 GP3-18 GP3-18 GP3-18 GP3-20 COM200A Communication Skills I 180 10 2.00 2.10 5.10 * NIC-IRHR1001 MATH1110 INFT1001 Managing the Organisation Mathematics I Foundations of Information Technology 150 180 180 10 0 10 9.00 9.00 9.00 9.10 9.00 9.10 11.40 12.00 12.10 GP3-18 GP3-20 GP3-20 HBI001A GENG1803 COM101A NIC-ACFI1002 Human Biology Introduction to Engineering Practice Programming Accounting Practice 120 180 120 180 10 10 10 10 2.00 2.00 2.00 2.00 2.10 2.10 2.10 2.10 4.10 5.10 4.10 5.10 GP3-18 GP3-18 ...
Words: 443 - Pages: 2
...Chapter-7 questions/problems 2-12-15 7.1a A price taker - a business that has no power to influence the prices set by the marketplace. Within a hospital setting must take the prices set in the marketplace and have little influence over reimbursement rates. Because of competition and insurance company dominance most healthcare providers are price takers. Price takers typically will take the price as a given and focus on management to ensure profitability of healthcare services. If a provider dominates the market with differentiated services such as outcomes, convenience then the provider can set market prices on services or are price setters. In the healthcare arena, the status between price setter and taker can change quickly or can be a price setter in one area e.g. cardiac surgery, but a price taker in others depending upon the marketplace. 7.2 a (no b?) a. Full cost pricing for price setters sets prices that recover all costs of a particular service direct fixed and variable costs, overhead plus a profit component. Marginal costs prices cover incremental costs which typically refers to recovering only direct variable costs. 7.4 a. Cross subsidization or cost shifting refers to overcharging some insurers as compared for full costs while others are undercharged. Today cost shifting often covers governmental payers like Medicaid, Medicare. Payers faced with increased cost are demanding prices cover only true costs. 7.5 a. Target costing is a management strategy...
Words: 893 - Pages: 4
...us at: SUPPORT@ACTIVITYMODE.COM LEG 505 ASSIGNMENT 5 LEG 505 Assignment 5 - Recommendations to Manage Common Compliance Issues A guide to best practices for contract administration•Refer the following resources to complete this assignment: (http://www.acquisition.gov/bestpractices/bestpcont.html) As the Contract Officer, you know it is time to assemble a team to manage compliance of the contract. Create a PowerPoint presentation based on the scenario you created to bring the team you have assembled up-to-date on what has occurred thus far. Prepare a twelve to twenty (12-20) slide PowerPoint presentation with speaker notes in which you: Analyze the importance of roles and responsibilities of contracting officers and administrators. Identify the various options of administrative and judicial processes available and select the appropriate process to resolve the dispute. Analyze the importance of improving methods of creating contract schedules and using a compliance matrix in government contract situations. Present ideas for brainstorming with your team in order to develop a policy that explains the role the Contract Officer should have played in the dealings between the government and the contractor, from the time the contract was awarded through completion of the work. Recommend three (3) best practices (one [1] from each section presented on Contracting Officer’s Technical Representative [COTR], voucher processing, and contract closeout) that will lend...
Words: 1265 - Pages: 6
...important in helping you progress? How can you focus your time and attention in future courses based on your career competencies and goals? Click the Assignment Files tab to submit your assignment. 2- Read Case Application 1, “Lessons from Lehman Brothers: Will We Ever Learn?” at the end of Ch. 5 of Management. Discuss the scenario with your team. Discuss the second, third, and fifth discussion questions at the end of the case with your team. Answer each question based on your team’s discussion in no more than 350 words per question. Click the Assignment Files tab to submit your assignment. 3-1. As a university student, your institution’s social principles and practices reflect on you, as a stakeholder, in the organization. Therefore, it is your right to question how these practices should be evaluated in relation to the social issues that your school is addressing. If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees’ work environment, it would be said to have fulfilled its ________. social obligation social responsibility social responsiveness social expectation Bottom of Form Incorrect : An organization performs certain...
Words: 2347 - Pages: 10
...Instructor Information Name: John E. Simms, Ph.D. E-mail: jacks@uh.edu Ph.: 713-775-3023 Office hours are MW 4-6pm, and by appointment in 360MH. Course Description - An examination of cost accounting principles and practices such as job order costs, process costs and standard cost controls as well as specific managerial problem areas such as budgeting pricing policies and inventory control. In addition to the acquisition of the common body of knowledge and discipline-specific mastery, we address three goals: * Critical Thinking – the ability to identify a problem, ascertain what information is relevant, and arrive at conclusions based on the evidence. * Decision Making – The identification and evaluation of different alternatives. * Ethics – the role of ethics in managerial accounting (using the Institute of Management Accountants’ Standards of Ethical Practice) Course Learning Objectives: Managerial accounting has three foci: * The role of the managerial accountant; * The product costing function; and * Cost management, decision making, and performance evaluation. The first two are the subject of the first section of the course. The role of the managerial accountant includes not only functions and positions within an organization, but also ethical standards and obligations. The product costing function is primarily quantitative. The third focus is the subject of the second and third sections of the course. The study of cost...
Words: 539 - Pages: 3
...STUDY GUIDE FOR EXAM II Tuesday October 14 BE 160 Exam II will cover the material I lectured on from chapters 4 and 5. You are also expected to retain material from chapters 1, 2, and 3. Everything covered in lecture is fair game for the exam. You will be provided with a periodic table, solubility rules, conversion factors and constants (similar to those at the back of the chapter.) The exam will contain a mixture of multiple choice questions similar to those assigned as homework and at the end of each chapter in the textbook. (The Practice Examples are within the chapter, the problems appear at the end of the chapter.) Students must have their Temple photo ID card during lecture exams. TU-ID Numbers must be correctly and completely filled in on exams to ensure your score is properly recorded. Students are not allowed to have cell phones and other PDA devices on their persons while taking an exam. Cell phones/PDAs are to be placed in bags/backpacks which will be kept at the back of the lecture hall. Students may leave cell phones/PDAs on the front bench of the lecture hall. Students who are caught using cell phones/PDAs during an exam will be ejected from the exam and will receive a score of zero. This violation will be reported to the Dean and the Vice-Provost who will then take the appropriate disciplinary action. Only pens/pencils and scientific calculators (non-programmable and non-graphing) are allowed to be with students during exams. Students are not...
Words: 1433 - Pages: 6
...ACCT1501 Practice Exam Questions & Solutions 2013S1 QUESTION 1 ACCOUNTS RECEIVABLES (10 marks) • On 1st January 2007, SSS Ltd. has a debit balance of $30,000 in Accounts Receivable and a credit balance of $ 4,500 in the Allowance for Doubtful Debts. On 1st July, 2007, one of SSS’s customers, BBB, went bankrupt. BBB owes SSS $2,500 and there is no hope for recovering this amount. On 1st October 2007, SSS collected $85,000 from outstanding accounts. SSS Ltd’s financial year ends on 31st December. During the year to 31 December 2007, SSS sold goods for cash for $22,000, and on credit for $80,000. • • • Required: Part A (i) If bad debts expense for 2007 is recognised based on 2% of credit sales, prepare the entry to record bad debts expense. Debit Credit (ii) Calculate the net accounts receivable after recognising the bad debts expense. 1 ACCT1501 Practice Exam Questions & Solutions 2013S1 Part B (i) Assume bad debts expense is determined as an adjusting entry at year end. If uncollectible accounts are estimated to be $3,200 from aging receivables, prepare the adjusting entry on the 31st December to record bad debts expense. Debit Credit (ii) Calculate the net accounts receivable after the adjusting entry. 2 ACCT1501 Practice Exam Questions & Solutions 2013S1 QUESTION 2 Inventory (12 Marks) The following information is taken from the accounting records of Eden Ltd for the year ended 31 December 2010. Jan 1 Mar 10 Jun 25 Aug 30 Oct 5 Nov...
Words: 1398 - Pages: 6
...ADM 335 ACCOUNTING II: MANAGERIAL ACCOUNTING COURSE DESCRIPTION Managerial accounting involves the use of economic and financial information to plan and control many of the activities of the business entity and to support the management decision-making process. The main objective of this course is to explore the relevant issues of cost accounting. Hence, this course examines the acquisition, analysis, and reporting of accounting information from the perspective of effective management decision making, with special emphasis on the planning and control responsibilities of practicing managers. It also familiarizes the student with an electronic spreadsheet package found in today’s business world. TOPICS Topics to be covered in this course: • • • • • • • • • • • • • Managerial Accounting—Definition and Perspective Cost Terms, Concepts, and Classifications Job-Order Costing Process Costing Cost Behavior Analysis Cost-Volume-Profit Relationships Profit Planning and Budgeting Standard Costs and Variance Reporting Flexible Budgets Segment Reporting and Profitability Relevant Costs for Decision Making Statement of Cash Flows Financial Statement Analysis STUDENT—1 ACCOUNTING II: MANAGERIAL ACCOUNTING This syllabus has been developed by the faculty of the College of Business and Management at Cardinal Stritch University. © 2014 Cardinal Stritch University Syllabus Control Number: 061614 STUDENT—2 ACCOUNTING II: MANAGERIAL ACCOUNTING INTRODUCTION SYLLABUS FORMAT This...
Words: 7312 - Pages: 30
...virtudes que enseñarlas. (It is easier to exemplify values than teach them)“ REFLECCION • Demócrito: Es hermoso evitar que otro cometa injusticia, pero si no, también lo es no ser cómplice de la injusticia. • Felipe González Márquez: Al gobernar aprendí a pasar de la ética de los principios a la ética de las responsabilidades. • Confucio: Paga el bien con el bien , pero el mal con justicia STATEMENT OF ETHICAL PROFESSIONAL PRACTICE STATEMENT OF ETHICAL PROFESSIONAL PRACTICE Trasfondo Historico • INSTITUTO DE CONTADORES GERENCIALES: • FUNDADO HACE 90 AÑOS, (DESDE 1919) • POSEE MAS DE 60,000 MIEMBROS • 1983: EMITEN EL PRIMER CODIGO DE ETICA PARA LOS CONTADORES GERENCIALES EN LOS EEUU • HAN CREADO UN CENTRO ETICO CIBERNETICO STATEMENT OF ETHICAL PROFESSIONAL PRACTICE • CODIGO DE ETICA SE COMPONE DE: • PRINCIPIOS • NORMAS • RESOLUCION DE CONFLICTOS ETICOS STATEMENT OF ETHICAL PROFESSIONAL PRACTICE • CODIGO DE ETICA SE COMPONE DE: • PRINCIPIOS • HONESTIDAD • IMPARCIALIDAD • OBJETIVIDAD • RESPONSABILIDAD STATEMENT OF ETHICAL PROFESSIONAL PRACTICE • CODIGO DE ETICA SE COMPONE DE: • NORMAS • COMPETENCIA • CONFIDENCIALIDAD • INTEGRIDAD •...
Words: 781 - Pages: 4
...Successful Study Habits for College Students Introduction Having a good study technique can make or break your college career. There are a few study habits that will help you succeed on tests or an exam. Some of them are to make sure you set a study schedule that you will be able to handle, never cram for an exam, make sure to take practice tests and to participate in class. Sticking to these points will get you through your next test or exam. I. Dedicate a specific time and place (Building skills for learning success, Ryan Watkins) 1. Students tend to be more stressed about studying because they don’t know how or where they will study. 2. It is important to prioritize your time and start with the information your having the most difficult time with. II. Do not cram (UCLA newsroom, Andrew J. Fuligni) 1. Cramming does not allow time for your brain to process the information. 2. The student can easily get frustrated and can also get a bit of anxiety which could affect your ability to take the test clearheaded. III. Take practice tests (Scientifically, the Best Ways to Prepare for Final Exams, Shaniese Alton) 1. Practice tests tell students which topics they have not mastered and will let them focus on their weak points. 2. The accuracy of practice exams can help the students fear or anxiety on the upcoming test. IV. Participate (10 Benefits of Participating in Classrooms, Maryelle Weimer PhD.) 1. Participating in class will help the student...
Words: 329 - Pages: 2
...Written Exam: 70 Internal Assessment: 30 Time: 3 Hours Project Economics and Management Paper Code: 3.1 Unit-1 Concepts of projects; project identification; formulation, analysis, risk, planning, design, report and appraisal; location of an enterprise; factory design and layout. Unit-II Understanding financial analysis; ratio analysis; fund flow analysis; breakeven analysis; social cost-benefit analysis; budgeting and planning process. Unit-III Sources of development finance; institutional finance to entrepreneurs; working capital management; incentives and subsidies; policies governing entrepreneurship; role of a consultancy organization. Unit-IV A review of project performance; post evaluation approach; community participation in projects; SWOT analysis; managing risk and exposure. Suggested Readings: 1. 2. 3. 4. Note: 1. 2. Four case studies will be discussed in a paper by the concerned teacher in the class. Instructions for External Examiner: The question paper will have two sections. Section ‘A’ shall comprise eight questions (two questions from each unit). The candidates will be required to attempt four questions (selecting one question from each unit). Section ‘B’ will contain one CASE STUDY which will be compulsory. All five questions will carry equal marks. Chandra, P., Project Planning Analysis, Selection, Implementation and Review, Tata McGraw Hill, New Delhi. Hedemey, J.W., Control and Management of Capital Projects, John Wiley, New York. Wysocki, R.K., R. Bick...
Words: 6873 - Pages: 28
...LSUC or other provincial licensing bodies of some students. B. PROGRAM FRAMEWORK Part I: Program Terms Term I – Summer (May-August 2014): Orientation activities (mandatory), introducing students to the law school/university, the city of Toronto/province of Ontario, and the legal profession; Language and Communication Assessment; instruction in Legal Research and Writing; Career Development Skills; Foundations of Canadian Law; and Canadian Criminal Law. NCA Exams to be held and administered by the NCA in August 2014: Foundations of Canadian Law August 19 and Canadian Criminal Law August 22. Terms II and III – Fall (August-October 2014 and October 2014-January 2015): Instruction in Legal Part II: Comprehensive Program Courses There will be specific graded evaluations and assignments in the Legal Research and Writing and Legal Technology courses. Ungraded assignments will be required in Career Development Skills. A practice exam will be scheduled mid-way through each of the NCA subject courses. These practice exams are intended to provide students with the experience of...
Words: 620 - Pages: 3
...Chapter II REVIEW OF RELATED LITERATURE FOREIGN REFERENCE The questions which teachers ask during class periods constitute a concrete expression of the educational objectives which they are day by day setting for their students. The questions of the final examinations should, therefore, be representatives of the types of educational objectives set in the different school subjects. The emphasis upon memory and some of the simpler types suggests a need for a modification in emphasis in most of the school subject. Frequently all questions are considered as belonging to one of two groups, “thought questions” or “memory questions”. Such a definite classification is not, however, always possible. The character of the mental process involved in answering depends upon the person replying as well as upon the form of the question asked. Those questions calling for definite facts are almost certain to be based upon memory; on the other hand, those requiring classification, evaluation, contrast, etc. are likely to demand thought on the part of most students. If, however, such classification or evaluations have been made in a previous class exercise some students may easily remember the answers and, in such a case, a thought question for one student becomes a memory question for another. (Monroe, 1923) Hence, the academic performance of a student mostly depend on his/her evaluation in exam. Students excel on either one of the two types or both. But oftentimes, examinees encounter...
Words: 630 - Pages: 3
