Module2HW

Which of the following is considered value added time?

Production time

Which of the following is part of the revenue process?

Provide customer support

Which of the following measures the liquidity of a company?

Quick Ratio

In linear regression analysis, the dependent variable is:

The total cost

Which of the following would not be collected from the customer when an order is received?

Name of common carrier that will deliver the goods

Which of the following ratios measures the profitability of the money invested in the firm's assets?

Return on Investment

A linear regression analysis indicated a constant of 895.00, an X coefficient of 125.60, and an R-squared of 0.72. The dollar value of the dependent variable given an independent variable of 275 is:

$35,435

The profit making activities of an enterprise are referred to as:

operating activities

Fit for Fun, Inc. sells fitness equipment. The company has 75 stores located in malls throughout the country. The company recently engaged in the following activities. Identify each activity as part of the (B) Business Organization and Strategy Process (O) operating process, (CR) capital resources process (P) Performance Measurement and Management 1.Purchased 300 treadmills for resale. 2.Borrowed $50,000 from the bank 3.Sold 45 stepping machines 4.Purchased 10 new cash registers 5.Made a $4,000 payment on the mortgage 6.Purchased office supplies for cash 7.Paid employees salaries 8.Developed operating budget 9.Calculated ratio analysis 10.The owners invested an additional $100,000 into the business

1.O 2.CR 3.O 4.CR 5.CR 6.CR 7.O 8.B 9.P 10.CR

Which of the following strategies focuses mainly on reduction of cost?

Efficiency Strategy

Which of the following would not be collected from the customer when an order is received?

Sellers cost of the product

The balanced scorecard approach has four perspectives, which of the following is not one of those perspectives?

Internal Control Perspective

Which of the following is not part of the expenditure process?

Using equipment to manufacture products