...SAMPLE EXAMINATION The purpose of the following sample examination is to provide an example of what is provided on exam day by ASQ, complete with the same instructions that are provided on exam day. The test questions that appear in this sample examination are retired from the CSSBB pool and have appeared in past CSSBB examinations. Since they are now available to the public, they will NOT appear in future SSBB examinations. This sample examination WILL NOT be allowed into the exam room. Appendix A contains the answers to the sample test questions. ASQ will not provide scoring and analysis for this sample examination. Remember: These test questions will not appear on future examinations so your performance on this sample examination may not reflect how you perform on the formal examination. A self-appraisal of how well you know the content for the specific areas of the body of knowledge (BOK) can be completed by using the worksheet in Appendix B. On page 2 of the instructions, it states “There are 150 questions on this 4-hour examination.” Please note that this sample exam only contains 75 questions. If you have any questions regarding this sample examination, please email cert@asq.org © 2009 ASQ ASQ grants permission for individuals to use this sample examination as a means to prepare for the formal examination. This examination may be printed, reproduced and used for non-commercial, personal or educational purposes only, provided that (i) the examination is not modified...
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...Kimmel, Weygandt & Kieso - Sample Exam 1 Name: __________________________ Date: _____________ 1. Which financial statement would best indicate whether the company relies on debt or stockholders' equity to finance its assets? A) Statement of Cash Flows B) Retained Earnings Statement C) Income Statement D) Balance Sheet 2. Stockholders' equity A) is usually equal to cash on hand. B) is equal to liabilities and retained earnings. C) includes retained earning and common stock. D) is shown on the income statement. 3. Which of the following activities involves collecting the necessary funds to support the business? A) Operating B) Investing C) Financing D) Delivering 4. Issuing shares of stock in exchange for cash is an example of a(n) A) delivering activity. B) investing activity. C) financing activity. D) operating activity. 5. Which of the following is not a principal type of business activity? A) Operating B) Investing C) Financing D) Delivering 6. Which of the following is not a common way that managers use the balance sheet? A) To analyze the balances of assets, liabilities, and stockholders' equity throughout the accounting period B) To determine if the cash balance is sufficient for future needs C) To analyze the balance between debt and common stock financing D) To analyze the balance of accounts receivable on the last day of the accounting period Page 1 Kimmel, Weygandt & Kieso - Sample Exam 1 7. Ashton Company began the year with retained earnings of $210,000...
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...NOTE TO STUDENTS: This sample final examination is representative of the TYPES of questions you will encounter on the actual exam. However, it is NOT representative of the NUMBER of questions you can expect—the actual final examination will have many more questions. Answers are provided at the end of this document. Section 1: Multiple Choice Questions 1. Which of the following is one of the four conditions that must be met if a firm’s resources are to be used to achieve a sustainable competitive advantage? a. inexpensive b. easily imitated c. easily duplicated d. nonsubstitutable 2. Which of the following is (are) a major approach to corporate-level strategy? a. portfolio strategy b. adoptable strategies c. both of the above are such approaches d. neither (a) nor (b) are such approaches 3. Significant cost reductions, employee layoffs, closing poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a ________ strategy. a. portable b. retrenchment c. stability d. first-level 4. Which of the following is not one of the five industry forces that determine an industry’s overall attractiveness and potential for long-term profitability? a. character of the rivalry b. threat of nonsubstitutable resources c. bargaining power of suppliers d. All of the above...
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...MGMT 307 Sample Final Exam 1. ___________ describes how dependable and responsible a person is. A. Emotional stability B. Conscientiousness C. Extroversion D. Locus of control E. Self-efficacy 2. Meg is very relaxed and secure. Meg is probably high in A. emotional stability. B. conscientiousness. C. extroversion. D. agreeableness. E. openness to experience. 3. The statement, "My boss doesn't know how to do his job," reflects the __________ component of an attitude. A. behavioral B. decisional C. cognitive D. affective E. value 4. Bethany is writing a paper for her management class. She already has a strong 'A' in the class, and only needs to get a C on the paper to keep her A. As she prepares the final version of the paper, she takes special care that the paper is well-written, insightful, and error-free, something that she can be proud of. Bethany is experiencing A. an intrinsic reward. B. high equity. C. a belongingness need. D. a hygiene factor. E. a high need for affiliation. 5. The need that is met by providing autonomy and control to employees over how they do their jobs is A. self-actualization. B. esteem. C. love. D. safety. E. physiological. 6. A manager wants to improve how her employees' belongingness or love needs are met. To do so, she could A. give public recognition for good job performance. B. hire a guard for the parking lot. C. send employees to a training class. D. redesign individual...
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...The following information was provided by BlockBuster, Inc. for its year ending December 31, 2008: | Economic resources at yearend |$42,000,000 | | Net income for 2008 |2,500,000 | | Shareholders' equity at yearend |17,500,000 | How much does BlockBuster owe its creditors at December 31, 2008? A. $24,500,000 B. $20,000,000 C. $39,500,000 D. $27,000,000 1. Which of the following will lead to a decrease in financial leverage? A. Purchased equipment to be used in the business for $5,000 cash B. Received cash totaling $5,000 from investors in exchange for capital stock C. Paid $5,000 cash to shareholders for dividends D. Borrowed $5,000 from a bank to be repaid in 2 years 2. Which one of the following is considered to be a financing activity for Sam’s Club? A. Purchasing store shelving for cash B. Paying dividends to shareholders C. Collecting amounts due from customers who had previously charged on account D. Paying interest on long-term notes payable 3. Which one of the following statements is correct concerning debits and credits? A. Debit means decrease and credit means increase. B. Debit means increase and credit means decrease. C. A credit to an asset account decreases the account. D. For every...
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...(University of Florida Rule 6C1-4.017). Cheating The improper taking or tendering of any information or material which shall be used to determine academic credit. Taking of information includes, but is not limited to, copying graded homework assignments from another student; working together with another individual(s) on a take-home test or homework when not specifically permitted by the teacher; looking or attempting to look at another student's paper during an examination; looking or attempting to look at text or notes during an examination when not permitted. The tendering of information includes, but is not limited to, giving of your work to another student to be used or copied; giving someone answers to exam questions either when the exam is being given or after taking an exam; giving or selling a term paper or other written materials to another student; sharing information on a graded assignment . Plagiarism The attempt to represent the work of another as the product of one's own thought, whether the work is published or unpublished, or simply the work of a fellow student. Plagiarism includes, but is not limited to, quoting oral or written materials without...
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...BLAW 2210 Term Paper Career Preparation My top two career choices are corporate financial analysis in investment banking and actuary. I will be discussing the legal environment of my career choices, taxing authorities, entity structure, graduate school in order to obtain certain license, self-assessment of my chosen careers. First, I will discuss how I can work as a corporate financial analysis in investment banking. After that, I will talk about what I need prepare to be an actuary. 1.corporate financial planning and analysis The responsibility of a corporate financial planing and analysis is to support management planning and decision making by identifying, maintaining, and evaluating information,as well as recommending actions. * Legal environment * Entity structure Investment banking is concerned with the primary function of assisting the capital market in its function of capital market intermediation, i.e. the movement of financial resources from those who have them means investors, to those who need to make use of them means issuer for generating profit. Therefore, it can be inferred that investment banks are those institutions that are the counterparts of banks in the capital market in the function of intermediation in resources allocation. Investment banks carried on carious activities it helps companies and governments and their agencies to raise money by issuing and selling securities in the primary market. They assist public and private corporations...
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...2012 Students: These sample questions were pulled from last year’s exam. Note that not all the material covered to this point matches up with what I did last year. Hence some material below may be unfamiliar to you. However, these are reasonably representative of the type of questions you are likely to see. 1.Financial accounting a) provides useful information primarily for external decision makers. b) is required for corporations but probably would not be done by other business entities. c) provides information primarily for the use of managers of the company. d) has been practiced in this country for approximately the last 15 years. 2. The Financial Accounting Standards Board employs a "due process" system for making GAAP. This process… a. is an efficient system for collecting dues from members. b. enables interested parties to express their views on issues under consideration. c. establishes new standards based only on FASB board members’ discussions. d. requires that all accountants must receive a copy of financial standards. 3. A decrease in net assets arising from peripheral or incidental transactions is called a(n) a. capital expenditure. b. cost. c. loss. d. expense. 4. An accounting record into which the essential facts and figures are posted when it is time to make the financials is called the a. general ledger. b. cash flow statement. c. trial balance. d. general journal. e. Major General. 5. If, during an accounting period...
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...BUS100 Sample Exam 1 Student: ___________________________________________________________________________ 1. Which of the following organizations is an example of the goods-producing sector of the economy? A. Ford Motor Company B. Florida State University C. Children's Hospital D. H & R Block Tax Consulting 2. Which of the statements about demography is most accurate? Demographic studies: A. focus on factors that have great political relevance, but little relevance to business firms. B. suggest that the number of two-income families will decline in the future. C. provide business and individuals with insights into business and career opportunities of the future. D. are an important source of information about changes in weather and climate. 3. Public schools, charities and government agencies are not classified as businesses because they: A. have not been incorporated. B. do not seek to earn a profit. C. provide services rather than goods. D. do not have any stockholders. 4. In order to make an intelligent investment decision, entrepreneurs should: A. limit their options to those business investments that are backed by the U.S. government. B. invest in businesses that have generated a stable rate of profit for at least the past ten years. C. invest only in business opportunities where it is possible to take an active role in management. D. compare the risks of potential investments to their expected profits and find the right balance...
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...University 01/2010 – Present Director Assistant, Canadian Chamber of Commerce in Shanghai 06/2009 – 08/2009 • Designed 2010 Expo Guide for Canadians in Shanghai. • Coordinated events on Canada’s Day and assisted Administrative Director with related projects • Located and entered data into several databases; made phone calls, and ensured timely mail processing. • Assisted administrative team members with clerical function. Dining Service Associate, University of Minnesota – Twin Cities 09/2009 – 12/2009 • Maintained inventory of standard dining service supplies and assists manager coordinate attendants. Member, Actuarial Club in University of Minnesota – Twin Cities 01/2009 – 12/2009 • Arranged the preparation of Casualty Actuarial Society (CAS) exam Volunteer, Students Today Leaders Forever 03/2009 – 12/2009 • Assisted the donation of food to Minnesotans at risk of hunger. Volunteer, in school for the Mute and the Deaf in Zhoushan, Zhejiang Province 2006 – 2009 • Taught disabled students Mandarin. Policy-analyst, Model United Nation in Shanghai K.J. Senior High School 2006 – 2008 • Analyzed UN policies for Model UN conferences HONORS/ AWARDS Honor Program, Awarded by Associate Dean of University of Minnesota – Twin Cities Global Excellent Scholarship, Awarded by University of Minnesota – Twin Cities Dean's List, Awarded by University of Minnesota – Twin Cities st th 1 prize, World 20 Odyssey of Mind Competition in China Area 09/2008 – 12/2009 09/2008 – 12/2009 Fall 2008, Fall 2009...
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...1.) Wholesome, Inc. starts a pension plan for its 10 employees on 1/2/20A. All are 53, and will retire at age 65 (in 12 yrs) on 12/31/20J. All are expected to live 10 yrs past retirement. Each is given credit for 15 years prior service at inception of the plan. The plan calls for payments at the beginning of each retirement year. Wholesome will make a lump sum payment of $250,000 on 1/2/20A to partially fund the prior service cost of $453,246. Funding is to be set at a level payment each period of $108,258, starting on 12/31/20A. The fund earning and the settlement rate are 8%. Prior service cost is to be amortized st-line over the remaining service lives of the employees. The following data are available: 1/2/20A 12/31/20A 12/31/20J Projected Benefit Obligation $453,246 ? ? Prior service cost (PBO method) $453,246 PV @ 12/31/20J (annuity due, 10 payments) of benefits earned each yr per employee: $ 7,609 Required: a) Compute pension expense, listing components, and present required entries per SFAS 158 for the payment on 1/2/20A and the expense accrual/payment at 12/31/20A: Expense amount: $86,664 b) What is the PBO on 12/31/20A? What is the funded status of the plan on that date? (Show your work). PBO: $522,139 Funded status: $143,881 PBO: __________________ Funded status: _______________ 2) Lease Lessor, Inc. leases a computer under a 6 yr noncancelable lease to Lessee, Inc. The lease calls for...
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...Sample Questions-Exam II 1) Information provided by one firm on household demographics and lifestyle, purchases, TV viewing behavior, and responses to promotions is called: a. multi-source data b. marketing research data c. single-source data d. on-line data e. in-home data 2) Ford Motor Company uses the slogan “No boundaries” for its ad campaigns for Ford SUVs. It invites people who want ultimate people-carrying and gear-storing capabilities “to be outfitted with the most far-reaching sports utility vehicle on earth”. If the SUV campaign is trying to appeal to young adults who don’t like the restrictions of a sedan, who want to be able to pack up and leave at a moment’s notice, and who enjoy freedom and independence, it is relying on _________ and _________segmentation. a. socioeconomic; demographic b. psychographic; lifestyle c. geographic; usage rate d. demographic, usage rate e. demographic, psychographic 3) Which of the following statements demonstrates the formation of a segment based on household size? a. Campbell’s makes spicier nacho cheese sauce for its distributors in Texas than it does in Maine. b. GE built a downsized microwave oven to hang under kitchen cabinets. c. Del Monte offers a line of canned fruit with no added sugar or artificial sweeteners. d. a fast food hamburger restaurant is open for breakfast on Sunday...
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...Sample PERS 2001 Exam Questions Multiple Choice Identify the choice that best completes the statement or answers the question. Modules 1-Introduction, 2-Overview of Legal Systems and 3-Death Penalty 1. The Uniform Crime Report “Crime Rate” allows a. police to set a value on crimes c. comparison of crime over time and in different locations b. police to report crimes d. comparison of crime between countries 2. In the United States, all states except one use a similar source for their law. Which state is different? a. Louisiana c. Alaska b. Hawaii d. California 3. The United Nations has three major components: a. General Secretary, Chief Justice and c. justification, excuse, alibi and Council procedural b. justification, excuse, alibi and d. General Assembly, Security Council, procedural and Secretariat 4. The state with the largest death row population is a. Texas c. Georgia b. Virginia d. California Modules 4- Drug Laws & Policy and 5-Marriage & Homophobia 5. In the United States, what percentage of federal prisoners are incarcerated for drug and drug related offenses? a. 5% c. 50% b. 10% d. 100% 6. One major problem of physical dependence on drugs is a. as time goes on, the user develops a c. as time goes on, the user gets bored tolerance to the drug, requiring smaller with the drug and/or less frequent dosage b. as time goes on, the user develops a d. there are no problems associated with tolerance to the drug, requiring larger physical dependence on drugs and/or...
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...Assignment One: Data Sheet 1 Kimmy Givins NorthCentral University Dr. Boysen-Rotelli 08/10/2014 Date File 1 Chapter One 1) Determine whether the evaluated group is a population or a sample. a) Based on a randomly selected group of 500 patients with high cholesterol, it was found that 67% have heart disease. Is this a population or a sample; explain your answer. Sample is made up of of the raw data collected from 500 patients which is the sample and 67% is the sample statistics. Bennett, Briggis, & Triola (2009) the raw data is collected from a subnet of patient with high cholesterol (p.3). Which indicate this as a sample from the raw data and sample statistics. b) An investigation of 150 randomly selected local restaurants concluded that 42% of local...
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...interpretation of data. Sample characteristics One hundred three Fourth Year Nursing Students of Laguna College Batch 2010-2011, sixty July 2010 Nursing Licensure Examination passers and twenty Clinical Instructors and Administrators completed the questionnaires. Participant characteristics are shown in Figures 4.1, 4.2, 4.3, 4.4 and __________. [pic] Figure 4.1. Age Distribution of the 4th Year Laguna College Nursing Students According to Figure 4.1 the age distribution profile of 4th year nursing students of Laguna College batch 2010 -2011 with a total of 103 taken as population sample has 44% or 45 respondents of age 19 years old and below, 50% or 52 respondents from age 20-25 years old and 6% or 6 respondents from age 26 years old and above. [pic] Figure 4.2. Gender Distribution of the 4th Year Laguna College Nursing Students Figure 4.2 shows that out of the 103 fourth year nursing students taken as sample population, 73 respondents or 75% of the sample population are female and 30 respondents or 25% of the sample populations are male. [pic] Figure 4.3. Age Distribution of the July 2010 Nursing Licensure Examination passers According to Figure 4.3 the age distribution profile of the July 2010 Nursing Licensure Examination passers with a total of 60 respondents taken as population sample has 5% or 3 respondents of age 19 years old and below, 87% or 52 respondents...
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