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BUS 475 Capstone Final Examination Part 1 1. Article 6 of the Treaty on European Union, called the Maastricht Treaty, states the EU is â€œfoundedâ€? on: 2. Which of the following is the path through which contractionary monetary policy works? 3.
Marketing research refers to__________.
4. _____ is the process of converting meaning into messages composed of words and nonverbal signals. 5. Sam, a marketing manager, often makes ethical decisions based on what others feel about those decisions. He often considers opinions from other managers and employees. Which of the following ethical systems do Sam’s decisions follow? 6.
The depreciation of currency will:
7. Which of the following is typically included in the drafting stage of writing an effective business message?• 8. If a population is known to be normally distributed, what can be said of the sample distribution of the sample mean drawn from this population? 9.
Marketing refers to__________.
10. Lori is using secondary research to develop a business report. How can she write her report in a way that demonstrates originality in thought? 11. Annie, an employee who often attributes her team failures to bad luck, attributes other teams’ failures to personal shortcomings. Which of the following cognitive biases do Annie’s attributions exemplify? 12.
When does the straw man fallacy occur?
13. Which of the following types of unemployment is considered to be the most controllable through demand-side macroeconomic policy? 14.
Microeconomics and macroeconomics are:
15. Federal law and business leaders alike favor ____________ as a means of governing private business ethics. 16.
Which of the following statements is true of the WARN Act?
17. Alex is playing his music at full volume in his dorm room. The other people living on his floor found this to be a nuisance, but Alex doesn’t care. Alex’s music playing is an example of: 18. According to the Ajzen model, the strongest predictor of an employee’s behavior is/are__________. • 19. The interdisciplinary field dedicated to understanding and managing people at work is called:•
20. Regarding using personality testing as part of the hiring process, experts have concluded that: 21. In the context of developing persuasive messages, which of the following is most likely to help you demonstrate a voice of competence? 22.
Identify an example of spontaneous creativity.
23. Which of the following is useful advice on conducting business across cultures with those who have limited English ability? 24. Joyce finds that the members of the project team to which she has been assignment in her management class are all athletes on the collegeâ€™s football and basketball teams. She immediately considers dropping the class because she thinks her experience with that team will be negative. Joyce is likely reacting to a__________. 25. According to the Classical growth model, an economy that increases its saving will grow:â€˘ 26. A 911 emergency response service needs operators who are bilingual in English and Spanish. A few applicants of Spanish origin are rejected due to poor English-speaking skills. They file a complaint on the grounds of discrimination based on nationality. Their complaint is squashed. Here, the defense of the federal government is on the grounds of: 27.
The distinction between flexible and fixed individual differences__________.
28. Advertising, personal selling, sales promotion, public relations, and direct marketing are marketing communications alternatives that make up a firmâ€™s __________. 29. What is the main drawback to the Negotiation & Agreement strategy for overcoming resistance to change? 30.
In order to focus your presentation on people, you should______.
In order to summarize qualitative data, a useful tool is a____________.
The product life cycle refers to __________.
33. The study of similarities and differences among consumers in two or more nations or societies is referred to as __________.
34. Other things held constant in a competitive labor market, if workers negotiate a contract in which the employer agrees to pay an hourly wage of $17.85 while the market equilibrium hour rate is $16.50, the: 35.
In which of the following situations is a budget surplus most likely to occur?
How many parameters are needed to fully describe any normal distribution?
Under the regulations of interstate commerce:
38. Fred takes Betty to dinner at a very expensive and exclusive restaurant. The menu does not mention prices. The server takes their order, and both Betty and Fred enjoyed the meal immensely. When the bill comes, Fred refuses to pay because the menu had no prices and because he and the server never engaged in language indicating an offer and acceptance. The server said, “Are you ready to order?” and when Fred said “Yes,” the server merely asked, “What may I get you tonight?” 39.
A monopoly firm is different from a perfectly competitive firm in that:
40. When two regression models applied on the same data set have the same response variable but a different number of explanatory variables, the model that would evidently provide the better fit is the one with a__________. • 41. Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause: 42. The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will: 43. Jay stops at the shopping mall to purchase a new pair of jeans from the Diesel store. He is the ultimate consumer in a pipeline from the producer through intermediaries, including the clothing store. This pipeline is actually a__________. 44.
Your résumé should tell a story of______.
A receptive developmental network is__________.
What is true of the features used to judge a person’s credibility?
Identify the statement that accurately describes the Sarbanes-Oxley Act.
Which of the following can be represented by a discrete random variable?
49. Suppose that college tuition is higher this year than last and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that: 50. Frequent, abusive, threatening phone calls by creditors are most likely to provoke the basis for a claim of _____________. BUS 475 Capstone Final Examination Part 2
Vertical analysis is a technique that expresses each item in a financial statement:
Under the accrual basis of accounting:
3. the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles. 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?
4. For both qualitative and quantitative data, what is the difference between the relative frequency and the percent frequency?
5. In multiple regression, plot the residuals against ____ to detect changing variability.
What is an advantage of the correlation coefficient over the covariance?
7. __________involves ensuring proper strategic controls and organizational designs. 8. 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:
A post-closing trial balance will show:
10. Sarbanes Oxley applies to: 11. The acquisition of treasury stock by a corporation: 12. Trumpeting Trumpets has the following inventory data: 13. A SWOT analysis is a framework for analyzing a firmâ€™s environments. A SWOT is made up of 14. 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: 15. Continuous monitoring, in the contemporary approach, is beneficial because _____________. 16. Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally: 17. What is a difference between merchandising companies and service enterprises? 18. According to the text, the triple bottom line approach to corporate accounting includes three components: 19. The preparation of adjusting entries is: 20. In a simple linear regression model, if the plots on a scatter diagram lie on a straight line, what is the standard error of the estimate? 21. GAAP, compared to IFRS, tends to be more: 22. The four key attributes of strategic management include the idea that: 23. Which of the following meets the requirements of a simple random sample? 24. 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.
25. Is it possible for a data set to have no mode? 26. Which of these statements regarding the industry life cycle is correct? 27. The resource-based view (RBV) of the firm combines two perspectives: 28. Which of the following can be represented by a discrete random variable? 29. The fraud triangle applies to: 30. Sampling is used heavily in manufacturing and service settings to ensure highquality products. In which of the following areas would sampling be inappropriate? 31. According to value-chain analysis, which of the following would be considered part of the general administration in a firm? 32. 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 33. Which of the following can be represented by a continuous random variable? 34. Which of the following requirements about internal controls were enacted under the Sarbanes Oxley Act: 35. International Financial Reporting Standards (IFRS): 36. Which of the following is not a current liability on December 31, 2014? 37. Interest may be included in the acquisition cost of a plant asset: 38. 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? 39. Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is: 40. 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? 41. Cost allocation of an intangible asset is referred to as:
42. 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? 43. The acquisition of treasury stock by a corporation: 44. 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. 45. 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 46. When collection is made on Accounts Receivable, 47. 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) 48. If a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%? 49. Which trial balance will consist of the greatest number of accounts? 50. Which financial statement would best indicate whether the company relies on debt or stockholdersâ€™ equity to finance its assets?