Business Final Joey and Adrian

A(n) _______ makes profit by purchasing the receivables of a firm at a discount and collecting the full amount form the firms costumers

factor

In the context of key economic considerations when entering a foreign market, which of the following is an example of the communication infrastructure in a country?

Cell phone coverage

Timoth Steels, a steel manufacturing company, wants to install a new factory in Temenia. The company decides to use funds from its own account and refrain from borrowing money from banks. Which of the following sources of long term funds in being used by timoth steel in the given scenario?

Direct investments from owners

Lester owns a small law firm and has a 10 hour workday. Despite keeping long hours, he is open to working on weekends and holidays if required. He also responds to late night calls from clients. Which of the following entrepreneurial characteristics is highlighted in the schedule given?

Energy

Which of the following is a criterion that needs to be fulfilled by an individual to be recognized as a certified public accountant?

He or she must complete the equivalent of 150 semester hours of college education with a heavy emphasis in accounting and other business related courses.

In the context of the principles of a free market system, which of the following statements is true of the equilibrium price?

It refers to the price a the point where the supply curve and the demand curve intersect

Which of the following features of a sole proprietorship proves that it is a risky endeavor?

Its unlimited liability

The owners of limited liability companies (LLC) are called members because

LLCs are neither corporations not partnerships

Which of the following is the last step of a complete human resource (HR) plan?

Separation

Jessie, the regional manager of a large electronics firm, is trying to determine whether a new warehouse for her firm would be a good investment. After discussing with her firms financial managers, she concludes that the project carries a negative NPV(Net present value). What should Jessie do and why?

She should not invest in the warehouse since a negative NPV means that the present value of the future cash flows does not justify the cost of the warehouse.

______ refers to financing that arises during the natural course of business without the need for special arrangements

Spontaneous financing

Inkglot Technologies a medium sized corporation, is allowed to have only 35 stockholders at any point of time. However, all stockholders of the company can actively participate in the management of the company while still maintaining limited liability. Given this information, Inkglot Technologies is most likely a(n)

Statutory close corporation

______ measures how long it takes for a firm to receive payment from costumers who buy on credit

The average collection period

In September 2008, during during the fiscal crisis in the United States, the stock market lost more than a third of its value, and 11.1 million americans were out of work. Neither businesses nor individuals could borrow funds to meet their needs. Which of the following dimensions of the business environment does this illustrate.

The economic environment

Marina, a garments manufacturing company, signed a contract with Tertch Tech, a textile company, to receive 2 million pounds of yarn at a rate of 2$ per pound. However, Tertch Tech hikes up the price to 5$ per pound just before the day of delivery. Marina files a lawsuit against Tercht Tech for breaking an enforceable contract and receives 100 million in compensation. Which dimension of the business environment is affected the most?

The economic environment

Adam strongly believes that his employees have a positive attitude toward their work. He sees them in a potential to take risks and a greater capacity for imagination and creativity if motivated by rewards. In this scenario, Adam's views about his employees are consistent with the assumptions of ________

Theory Y

Which of the following utilities satisfies wants by providing goods and services at a convenient period for consumers?

Time utility

Ecclestone Corporation plans to go for an initial public offering and therefore seeks the help of an investment bank in issuing the new securities. The bank does not guarantee that it will accomplish the task of selling all of the company's securities at a high price. In this scenario, the investment bank is using a ______ approach

best efforts

Psychologist Douglas Mcgregor proposed that managers should use theory y assumptions to

capitalize on the intelligence of every worker

_____ refers to funds provided by creditors

debt financing

Unity prax, a manufacturer of bronze sculptures. It obtains cooper ore from the pima county in Arizona. In this scenario, the copper ore obtained by Unity Prax can be classified as _______

natural resources

Brandon goes to watch a newly released movie with his friends. In the theater, he takes a video recording of the entire movie through his smartphone and later releases the clip on the internet where others can watch it free of cost. Brandon is involved in the act of ______

piracy

Carla and Liang both have shares in HD&Z, a C corporation that offers limited liabillity to all its owners. In this context, Carla and Liang are the _____ of HD&Z corporation

stockholders

In the context of an acquisition, the firm that is purchased by another firm is called the ______

target firm

Hopins, a medium sized firm has total assets whose value is equivalent to sum of the funds provided by its owners and the loans taken by the firm from several financial institutions to purchase those assets. In this context, it can be said that:

the balance sheet of hopins satisfies the accounting equation