Business Exam 3

Another term for net worth is working capital.

False

The major disadvantage of debt financing is the inability to deduct interest expenses for income tax purposes.

False

The shift to virtual workers has been a disappointing trend that is gradually vanishing.

False

Keisha Hunter keeps track of day-to-day operational data to make sure her employer has enough cash to run the business and will determine if and when the company she works for should open a second distribution center. Hunter is a(n) _____ manager.

Financial

By dividing cost of goods sold by the average inventory to measure the speed with which inventory moves through the firm and is turned into sales, the _____ ratio is calculated.

Inventory Turnover

Sales promotions are marketing events or sales efforts that stimulate consumer buying.

True

The governor of New York that he has directed the state's Division of Criminal Justice Services to gather DNA from the broadest range of convicted criminals permitted under current law. This will result in the collection of as many as 40,000 DNA profiles. The additional DNA profiles may be obtained as a condition of release on parole or probation, as a condition of participation in the Department of Correctional Services' temporary release programs, and as a condition of a plea bargain. This _____ will be used for solving crimes.

Database

The three major categories of applications supplied by application service providers are:

enterprise applications, collaborative applications, and applications for personal use

After all expenses have been subtracted from revenues on an income statement, the final figure or bottom line is called the _____ when it is a positive number.

net profit

A(n) _____ is the financial statement that is used to assess the sources and uses of cash flow during the year.

statement of cash flows