BPLE 4141

Accounting: On December 31st, 2001, Virginia Laboratories has assests of $235,000 and liabilites of $174,000. The oweners' equity of Virgina Laboratiories must be:

$61,000? $51,000?

MIS: A good technology plan provides employees with the tools they need to perform their jobs at the highest levels of efficiency. The first steps in developing a a good technology plan is:

A general needs assessment

Business Statistics: A population characteristic, such as a population mean, is called

A parameter

Management: Which of the following factos will be the LEAST important in the selection of a sit for a production?

Access to amusement parks

Finance: In seeking a balance between the opportunity for profit and the potential for loss, a financial manager is fealing with the concept of _____ trade-off.

Risk-return

Leadership: During an emergency with limited time and resources, which leadership style would likely be the most effective?

An autocratic leaderships style

Business Law: A negligent tort can be described as

An intentional act that cause harm to persons or property

Leadership: The building blocks of high-performance teams include all but the following: a. Technical and functional skills b. A large number of members c. Individual and mutual accountablity d. problem-solving skills

Answer: b

Leadership: All of the following are considered extrinsic motivators in Herzberg's two-factor theory EXCEPT: a. Company polices b. Benefits c. Work itself d. Working conditions

Answer: c

Leadership: Which of the followinf is NOT one of the oricess motivation theories? a. Goal-setting theory b. Equity theory c. Expectancy theory d. Acquired needs theory

Answer: d

Business Ethics: Which of the following is NOT a rational approach to solving ethical dilemmas and conflict between moral imperative?

Assuming the right and wrong is relative and pursing what one feels is best

MIS: Suppose you run the IT a large corporation with global locations. Which network would you LEAST likely utitlize to tie together the systems?

Backbone Network

Strategy: Focused stratgeies based either on low-cost or differation are espically appropriate for situations where

Buyers have strong batgaining power and entery barries are low

Business Statistics: Sentivity analysis considers

Changes in the values of the payoffs.

Accounting: When a business erroneously records expenses as assets, it has violated the measurement issue of

Classification

Global: Which of the following is NOT a role of the Export-Import Bank?

Compete with private sector lenders for financing projects

Accounting: The ratios that are of speical interest to the firm's creditors and measure the firm's ability to pay short-term debys as they come due are called _____ ratios

Concurrent

Business Law: Which of the following elements must be present in order for a contract to be legally enforceable:

Consideration

Economics-Macro: The largest componest of GDP is

Consumption

Accounting: In manufacturing, all costs directly related to production, including raw materials, labor, and factory overhead, are classified as:

Costs of goods sold

Economics-Macro: One would expect to observe diminishing marginal product of labor when

Crowded office space reduces the productivity of new workers

MIS: Customer records containing names, addresses, phone numbers, and purchase histories would be most likely stored in:

Database management systems

Finance: Two forms of business financing are _____ and _____.

Dept and Equity

Economics-Macro: Which of the following is NOT an characteristic of the Keynesian explanation the underlying explanation for business cycles?

Excessive growth in bank credit, due to artifically low interest rates set by a central bank is the primary cause of the business cycle

Global: Government tactics that include removing incentives, demanding a higher share of profits and taxes, and confiscating foreign assests are known as:

Expropriation

Management: A compnay which a wide span of control and short chain of command is a _____ organization. A company with a narrow span of control and long chain of command is a ____ organization?

Flat; tall

Marketing: The marketing concept

Forces on customer wants so that company can differentiate its product from its competition

Finance: Which of the following statements is CORRECT?

Free cash flow (FCF) is, essentially, the cash flow that is avaiable for interest and dividends after the comapny has made the investments in current and fixed assests that are necessary to sustain ongoing operations.

Global: A leading force currently driving change at work is:

Global competition

Leadership: A manager wants to promote a broad company vision, high levels of trust and confidence, and a powerful focus on goals and company culture. She would do best to employ which type of transformational leadership?

Idealized Influence

MIS: Which of the following is NOT a business benefit from data mining:

Identifying criminal intent

MIS: _______ is a collection of facts organized so that they have additional value beyong the value of the facts themselves

Information

Business Statistic: Primary data could come from

Interviews with shoppers in a supermarket

Management: A ______ is a study of the tasks required to do a particular job well

Job analysis

Accounting: Which of the following statements about net profit margins is NOT true?

Net profit margin shows the relationship between revenue and Costs of Goods Sold (COGS)

Economics-Macro: The most frequently used and the most flexible tool that the Federal Reserce has is:

Open market operations

Business Law: A _____ gives an inventor the exclusive right to manufacture, use, and sell an invention for seventeen years

Patent

Management: What are the general functions of management?

Planning, organizing, leading, and controlling

Marketing: Aldon Lenski is opening a business to sell flowering bulbs over the internet. As he decide waht to charge for a package of ten bulbs, Lenski will calculare his fixed variable costs. At this point, Lenski will be developing his ______ strategy

Pricing

Marketing: Kathern Bihelow has developed an electronic lice comb that tells whether head lice are present bu emitting an audible sign. She knows that there is great demand for such a product, but is puzzled as to how to distribute the product. Which of the followinf P's is Katherine concerned about?

Promotion

Management: What is the primary diffrence between quality control (QC) and quality assurance (QA)?

QC uncovers defects while QA pursues improvements

Strategy: Which of the following strategy will normally NOT help improve a company's profit margin?

Reduce costs

Strategy: Meregers and acquisitions are often driven by a desire to

Reduce the number of industry key success factors

Global: One of the downsides of outsourcing for a comany is that it:

Reduces confidentality

Business Ethics: Companies that practice social resposibility marketing strategies?

Show concern for the people and environments in which they transact business

Marketing: Which of the following explantations best supports the reasoning behind social media as an effective tool for creating and promoting brand authenticity?

Social media helps spread the brand's coporate message via-word-of-mouth as opposed to the brand itself

Accounting: (A)n ____ is a summary of the money flowing into and out of a firm

Statement of cash flow

Strategy: _________ planning is the creation of long-range. comprehensive objectives and the development of long-term courses of action

Strategic

Marketing: Topik is a product that is sprayed on thinning hair and makes ther hair appear thicker. The manufacturer considers its potential market to be blue-collat woekers who earn less than $50,000 per year, are sing, and who like to think of themselves as weekend athletes. The manufacturer of Topik considers this group to be its:

Target market

Finance: Which of the following is a correct definition of a capital budgeting method?

The internal rate of return is the discount rate that gives a net present value of zero

Business Ethics: What is NOT an example of unethical business activity?

The supervisor asked her employees to work overtime to meet the demands of increased sales

Global: All workers experience a net benefit from internation trade because:

They have more options as consumers

Business Law: William Warren owns and operates the Singing Pig Food Company. Warren makes and markets 20 difference gourmet mustards, salsas, marinades, and dip mixes using its crooning pig logo. What would his first step if he decides to incorprate her business to make it easier to find investors?

To write articles of incorporation

Business Law: The _____ is a set of laws designed to eliminate differences among state laws and to simplify and clarify interstate commerce

Uniform Commerical Code

Strategy: When the costs of supplies increase an industry, the low-cost leader

Will lose customers as a result of price increases.

Business Ethics: Lying by omission in a contract negotian involves intentionally

Witolding material facts

Business Ethics: Conflicts of interest extst when employees faced with choosing to

advance their own interests, those of the organization, or those of some other group