BAD 10 final exam

Market-oriented pricing can most accurately be defined as:

A firm basing what they charge on what other firms are charging

If your company needs a loan that is too large for any one bank to responsibly lend, what is your best option for receiving the money?

A syndicated loan

Which of the following is NOT a characteristic of accounting?

Accounting is an end in itself

Which of the following eras was NOT part of the evolution of marketing?

Buying era

The Civil Rights Act of 1964 was important because:

It ended racial discrimination for voting

Which of the following is NOT a characteristic of cash and cash equivalents?

Long-term

Which of the following is NOT a federal agency the enforces the ADA?

Mine Safety and Health Administration

What is one of the potential results of enabling risk?

Overspending

An HR professional is generally expected to perform which of the following functions?

- Personnel transfer - Payroll - Training and career development

Which formula represents a current ratio?

Current Assets/Current Liabilities

The Fed is able to change the composition of its assets quickly because the Fed's open market account is

composed mostly of U.S. Treasury securities with remaining maturities of one year or less.

B2C e-commerce is more attractive than installing a "brick-and-mortar" for all of the following reasons, EXCEPT:

More initial investment

Which of the following is NOT a characteristic of cost-plus pricing?

Most profitable

How is the knowledge base expressed in expert system technology?

Natural language rules

Suppose a company is having problems with a high turnover rate of their highly skilled employees. One remedy for this would be to:

Pay above-market wages

Suppose a company brought a new product to market with price-sensitive customers, low barriers to entry, and the probability of rapid acceptance by potential buyers. Which pricing strategy would this company likely employ?

Penetration

A pricing method which calls for setting a relatively high price at first, then lowering the price over time is called:

Price skimming

The four P's of marketing are:

Price, Product, Place, Promotion

Which of the following is NOT an example of a promotion?

Pricing at premium

The following attributes describe which type of segmentation: personality, values, and lifestyle?

Psychographic

From this week's video, which of the following is NOT a form of digital money?

RMBs

Which one of the three forms of marketing has been most changed due to technology?

Relationship marketing

In general, the cheapest form of transportation is:

Sea

Suppose you are a loan officer with a conservative approach to lending. What is the safest type of loan to give?

Secured/senior debt

When a few suppliers' credentials and history are analyzed with the purpose of selecting one, it is called:

Shopping

Which of the following is NOT an advantage of person to person lending?

Simple compliance to legal regulations

The software development model that calls for risk management at regular stages in the development cycle is known as:

Spiral model

Programs specifically designed to monitor users' web browsing is called:

Spyware

Which one of the following best explains the relationship between the marketing concept and market concept?

The market concept is used to fulfill the goals of the marketing concept

A potential downside for sellers of technological change in B2B e-commerce is:

The seller cannot easily charge at a premium due to transparency

The main purpose of managerial accounting is:

To be used within an organization

The main role of distributors is:

To bridge the gap between buyer and seller

Which of the following is NOT a purpose of financial accounting?

To organize information for management

From this week's video, a statement of cash flows shows a company's inflow and outflow of cash over a specified period of time.

True

Suppose you are analyzing financial statements of a client. You should take into account which of the following factors?

- Industry trends - Changes in price levels - Economic conditions

Successful marketing is important for return on investment because marketers:

- Influence net profits - Affect investment levels - Influence asset usage

Which of the following is the goal of using CRM software?

All of these answers

Which of the following is NOT included in the value a firm delivers to its customers?

All of these are part of value

When a company allows workers to leave voluntarily without replacing them, it is called:

Attrition

Which of the following statement best describes the technological implications of consumerization?

Computing now needs lower cost, greater scale commodity servers

What type of financial manager usually oversees accounting and the budget department?

Controllers

Using psychological pricing, a company might charge $400 for a designer item because it:

Creates more demand

Analyzing which financial statement will tell you about the financial health of a firm?

The balance sheet

The greatest value of credit cards to merchants is:

The issuing bank commits to payment

An employee would exercise their stock options if:

The market price is higher than the call price

From this week's video, additional responsibilities that Human Resources supports include worker protection, health and safety of employees, employee rights, and developing an organizational culture.

True

From this week's video, an income statement shows a company's profit and loss statement over a specified period of time.

True

If the Federal Reserve decreases the required reserve ratio, this action will

expand bank credit and deposit levels.

The Federal Reserve has the statutory authority to take formal enforcement actions against all of the following EXCEPT

foreign banking organizations operating outside the U.S

Congress gave the Federal Reserve System the authority to establish a nationwide check-clearing system to

prevent the disruptions of payments between banks during times of economic uncertainty.

To ensure bank interest rates are competitive and that fees and features are appropriate for how customers use each account, individuals should

review existing bank accounts and shop around for the best deals.

Reserve Banks provide liquidity to banks to meet short-term needs stemming from

seasonal fluctuations in bank deposits or unexpected withdrawals.

The Federal Reserve System's key objectives are maximizing employment, moderating long-term interest rates, and

stabilizing prices

If we segment a market geographically, which of the following measures will NOT apply?

value

Which of the following product would be most difficult to price discriminate?

A bottle of water

While holding on to too much inventory at once can pose a loss to the company, it is important to keep inventory on hand because:

- There is a time lag in the supply chain - Uncertainty in markets - Buying in bulk creates savings

Which of the following best describes the role of the FDIC in the United States financial system?

- To limit the effect on the economy and financial system when a bank or thrift institution fails - To examine and supervise financial institutions for safety and soundness - To promote public confidence

The reason distributors embody economies of scale is that certain per unit costs are lower with each increasing unit. Which of the following costs are subject to this phenomenon?

- Transportation - Handling - Shipping

A promotion can be in the form of:

- increases in salary - Increase in benefits - Increased job responsibility

The ________is the percentage of a bank's checking and savings accounts that must be kept on deposit at the local Federal Reserve district bank.

3000

The Age Discrimination in Employment Act of 1964 protects employees at what age?

40 years or older

Some policies of affirmative action have been criticized because they are seen to be:

A form of reverse discrimination

What happens when an overdraft occurs and the positive balance exceeds the agreed terms?

Additional fees may be charged

If we segment a market by demographics, which of the following measures will be used?

Average income

Suppose you run the IT of a large corporation. Which network would you most likely utilize?

Backbone network

Which of the following takes place when a company sets its standards by comparing data from other companies and similar industries to its own?

Benchmarking

In answering questions of shipping, delivery, and transport, supply chain management is addressing what type of problem?

Distribution strategy

Which stock performance ratio is the fraction of net income a firm pays to its stockholders in dividends?

Dividend payout ratio

The process of an order being passed to the manufacturer and then shipped directly to the consumer is called:

Drop shipping

What in unique about an annuity loan repayment structure?

Each installment is the same amount

From this week's video, equity financing is where someone lends you money for your business and only gets what they lent you in addition to interest payed back to them.

False

Aircraft cargo is advantageous to train cargo because it is:

Fast

Which of the following functions must be performed to implement the marketing strategy?

Form a target market

The main advantage for employers in offering employee benefits is:

Improve worker retention

From the research conducted on innovation, which of the following is the most popular driver of innovation?

Improved quality

The most important basis for creating a competitive advantages is to:

Increase value

The strategy behind intensive distribution includes which of the following:

Increased sales volume

Automating the processing of large information and simplifying access to it, is referred to as:

Information access

To be considered running at peak efficiency, the material handling system should be set up so that:

Items are touched the least amount possible

All of the following are benefits of a retail kiosk, EXCEPT:

Large inventory

How do management information systems (MIS) relate to decision making?

MIS combine informational technology, people and data to help effective decision making