Assignment #10-Final Exam Prep Quiz

What is the balance of trade?

a measurement of the difference between exports and imports

Walmart, ExxonMobil, Intel, and virtually all other large companies in the U.S. are organized as

C corporations.

The purpose of _____ is to protect creditors by preventing borrowers from pursuing policies that might undermine its ability to repay the loan.

covenants

A(n)_____ measures the extent to which a firm relies on debt to meet its financing needs.

leverage ratio

It was during this era that many businesses began to dominate their markets, forcing out competitors, manipulating prices, and exploiting workers, which lead the government to pass laws regulating business.

Entrepreneurship Era

_____ accountants provide services such as tax preparation, external auditing, or management consulting to clients on a fee basis.

Public

_____ demands that marketers actively contribute to the needs of the broader community.

Social responsibility

The American Marketing Association defines marketing as the

activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value.

Supply refers to the quantity of products that producers are willing to offer for sale

at different market prices.

Business ethics and individual ethics differ based on the fact that

business ethics focus on the application of right and wrong in a business setting, while individual ethics are one's personal standards of right and wrong.

A product in the _____ stage is experiencing periods of rising sales and profits.

growth

During a presentation, it is usually a good idea to summarize the key points

just before launching into the body of the presentation and then once again during the closing segment of the presentation.

On a financial website such as Yahoo! Finance, you may find all of the following information on a company's stock EXCEPT the

number of stock owners by state.

One of the purposes of the Sarbanes-Oxley Act of 2002 was to

prevent relationships that created conflicts of interest between CPA firms and the firms they audit.

The business plan has two main purposes

provides a document to keep employees focused; necessary to seek outside funding.

Financial managers use _____ to assess the financial strengths and weaknesses of their firm.

ratio analysis

A(n) _____ is an organization that provides a venue for stockbrokers or securities dealers to trade listed stocks and other securities for their clients.

securities exchange

Expensive products that consumers purchase infrequently and are unwilling to accept substitutes for are _____. On the other hand, _____ are widely distributed and widely promoted by the product producers.

specialty products; convenience products

The _____ shows the cash flowing in and out of a firm through its operating, investing, and financing activities.

statement of cash flows

A(n) _____ is issued if the external auditor does not find any problems with the way a firm prepares and reports its financial statements.

unqualified opinion