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