Packet 91- 120

In recent years, the employment of __________workers has significantly increased.

agricultural

The overall purpose of accounting is to

control the finances of the business

Which of the following is a key component of managing working capital

Cash conversion style

After a company's training needs are determined, what is the next step in training and development?

Determining what training resources are available

Which of the following factors affecting the business environment is represented by the business's location:

Environmental

Which of the following is a true statement about business ethics and the law:

the two are not the same thing, but they do overlap

Which of the following is a reason that the role of human resources management is changing:

there is greater diversity in the workforce

A bank denies a business owner's application for credit saying, "We feel that you would be unable to make the monthly payments because of your other debts." What financial report did the bank review?

Balance sheet

Which of the following financial institutions was established after World War II to facilitate global economic growth:

International Monetary Fund (IMF)

How does the finance function relate to company spending

It plans and controls spending

Why is a good accounting system important to a business?

it shows the business how it is doing

Accounting is distinct from finance because its main focus is on

record keeping activities

Which of the following is a measure of how well a business generates cash flow

Return on capital

In order for an accounting system to be useful to the business, the accounting information it contains must be

accurate and up to date

Which of the following is an example of increased financial risk for a company with poor business ethics:

decreased company value

A business is planning a sale and needs to know what sales were for a particular weekend in the previous year. Which of the following accounting records would provide this information?

sales journal

Labor-union negotiations are part of which HR management activity?

employee relations

A business suddenly moves its opperations to a new town, leaving its current employees jobless. Its reason for taking this action, which some consider unethical, might be that the action

is not illegal

Which of the following factors affects society's basic values and behaviors that influence their buying decisions:

High unemployments

An important factor that has a significant effect on the general business environment is

Technology

Why should a business practice good ethics?

an ethical business contributes towards its own success

To reduce the time, effort and coast needed to produce its Model T cars, the Ford Motor Company developed

assembly line

A business's philanthropic responsibility involves its contributions to

charity

In what way might a human resources manager be involved in employee benefits

determining eligibility and cost of benefits

Which of the following is a factor that would encourage businesses to start a business at a particular location:

easy access to natural resources

One internal factor that affects the business environment is

management cycle

The finance function would definitely be involved in a decision regarding

new business projects and strategies

In the late 1800's market domination by a small number of extremely large, powerful companies led to the

passage of antitrust laws

During the Industrial Revolution, the factory system caused

production costs to decrease

Human resources are a company's most important resources because

they control all other company resources