Chapter 01 Environment and Theoretical Structure of Financial Accounting True / False Questions 1. | The primary function of financial accounting is to provide relevant financial information to parties external to business enterprises. True False | 2. | Accrual accounting attempts to measure revenues and expenses that occurred during accounting periods so they equal net operating cash flow. True False | 3. | The FASB is currently the public-sector organization
Words: 17634 - Pages: 71
EXAM 2 True/False Indicate whether the statement is true or false. ____ 1. Manufacturing and service firms producing unique products or services require process-costing accounting systems. ____ 2. In process costing, each producing department has its own work-in-process account. ____ 3. The difference between actual overhead and applied overhead is the overhead variance. ____ 4. Using a time ticket, the cost accounting department can enter the cost of direct materials onto the correct
Words: 2470 - Pages: 10
increase its output. D) it sees an increase in worker productivity. Answer: A Comment: Recurring Diff: 2 Page Ref: 326/326 Topic: Technological Change Objective: LO1: Define technology and give examples of technological change. AACSB: Reflective Thinking Special Feature: None 2) Which of the following is an example of market "production", as used by economist? A) Garvey takes out a low-cost government loan to start his pet-sitting business. B) Heidi makes a pizza
Words: 3155 - Pages: 13
frequent use of market segmentation strategies B) the growth of the Web C) decreasing brand loyalty in tough economic times D) the increasing diversity of the American population Answer: B Diff: 2 Page Ref: 6 Skill: Concept Objective: 1-4 AACSB: Use of IT 4) A marketer uses ________ to target a brand only to specific groups of consumers who are most likely to be heavy users of the marketer's brand. A) market filtering strategies B) market segmentation strategies C) the 80/20 strategy
Words: 3050 - Pages: 13
Chapter 01 Human Resource Management: Gaining a Competitive Advantage True / False Questions 1. Companies have historically looked at HRM as a means to contribute to profitability, quality, and other business goals through enhancing and supporting business operations. True False 2. The human resource department is most likely to collaborate with other company functions on outplacement, labor law compliance, testing, and unemployment compensation. True False
Words: 12538 - Pages: 51
Marketing Management, 14e (Kotler/Keller) Chapter 1 Defining Marketing for the 21st Century 1) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firm's intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofit
Words: 173926 - Pages: 696
Chapter 02 Cost Behavior, Operating Leverage, and Profitability Analysis Multiple Choice Questions 1. | Java Joe operates a chain of coffee shops. The company pays rent of $20,000 per year for each shop. Supplies (napkins, bags and condiments) are purchased as needed. The manager of each shop is paid a salary of $3,000 per month, and all other employees are paid on an hourly basis. Relative to the number of customers for a shop, the cost of supplies is which kind of cost? A. |
Words: 19547 - Pages: 79
Chapter 01 The Exceptional Manager: What You Do, How You Do It True / False Questions 1. | Virginia Rometty, CEO of IBM, believes that her success is due in part to her ability to take risks. True False | 2. | Exceptional managers have a gift that cannot be taught. True False | 3. | Management includes integrating the work of people through planning, organizing, leading, and controlling the organization's resources. True False | 4. | To be efficient
Words: 20064 - Pages: 81
distribution. Answer: A Comment: Recurring Diff: 1 Page Ref: 4/4 Topic: Scarcity Objective: LO1: Explain these three key economic ideas: People are rational. People respond to incentives. Optimal decisions are made at the margin. AACSB: Reflective Thinking Special Feature: None 2) By definition, economics is the study of A) how to make money in the stock market. B) how to make money in a market economy. C) the choices people make to attain their goals, given
Words: 1579 - Pages: 7
Though laws often change, ethical principles remain constant and do not change over time. | | | A) | True | | | B) | False | | | | | | Feedback:Topic: Ethics AACSB: Ethics Bloom's: Understand Difficulty: Medium LO: 04-01 Page: 108 In studying the relationship between ethics and law, it is important to understand that neither laws nor ethics are fixed principles that do not change over time. Ethical beliefs change as time passes. | | 2 INCORRECT | | Stakeholders have
Words: 1943 - Pages: 8
