Q1) A SWOT analysis is a framework for analyzing a firm’s environments. A SWOT is made up of

Q2) GAAP, compared to IFRS, tends to be more:
Q3) Firms must be aware of goals other than short-term profit maximization. One area of concern should be social responsibility which is:

Q4) Which of the following can be represented by a continuous random variable?

Q5) Interest may be included in the acquisition cost of a plant asset:

Q6) The preparation of adjusting entries is:

Q7) What is an advantage of the correlation coefficient over the covariance?

Q8) Which of the following controls would best help detect the removal of a blank check by an employee from the back of a company's checkbook for subsequent misappropriation of funds?

Q9) When collection is made on Accounts Receivable,

Q10) Which trial balance will consist of the greatest number of accounts?

Q11) Expenditures that maintain the operating efficiency and expected productive life of a plant asset are generally:

Q12) For both qualitative and quantitative data, what is the difference between the relative frequency and the percent frequency?

Q13) Trumpeting Trumpets has the following inventory data:
July 1: Beginning inventory 30 units at $120
July 5: Purchases 180 units at $112
July 14: Sale 120 units
July 21: Purchases 90 units at $115
July 30: Sale 84 units
Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis?

Q14) According to value-chain analysis, which of the following would be considered part of the general administration in a firm?

Q15) Which of the following can be represented by a discrete random variable?

Q16) According to the text, the triple bottom line approach to corporate accounting includes three components:

Q17) Sarbanes Oxley applies to:

Q18) Vertical analysis is a technique that expresses each item in a financial statement:
Q19) Which of the following meets the requirements of a simple random sample?
Q20) The owner of a company has recently decided to raise the salary of one employee, who was already making the highest salary, by 20%. Which of the following is(are) expected to be affected by this raise?

Q21) The acquisition of treasury stock by a corporation:
Q22) Under the accrual basis of accounting:

Q23) The resource-based view (RBV) of the firm combines two perspectives:
Q24) Cost allocation of an intangible asset is referred to as:

Q25) The fraud triangle applies to:

Q26) On March 1st, Candy, Inc. had supplies on hand of $1,500. During the month, Candy purchased supplies of $2,900 and used supplies of $2,800. The March 31st balance sheet should report what balance in their supplies account?

Q27) The acquisition of treasury stock by a corporation:

Q28) In multiple regression, plot the residuals against ____ to detect changing variability.

Q29) Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of _______________.

Q30) __________involves ensuring proper strategic controls and organizational designs.

Q31) The manager of Weiser is given a bonus based on net income before taxes. The net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO is adopted instead of LIFO?

Q32) Which financial statement would best indicate whether the company relies on debt or stockholders’ equity to finance its assets?

Q33) Is it possible for a data set to have no mode?

Q34) Sampling is used heavily in manufacturing and service settings to ensure high-quality products. In which of the following areas would sampling be inappropriate?

Q35) Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, accounts receivable collected would be classified on the statement of cash flows.

Q36) An analyst believes the probability that U.S. stock returns exceed long-term corporate bond returns over a 5-year period is based on personal assessment. This type of probability is best characterized as a(n) ____________.

Q37) A post-closing trial balance will show:

Q38) Which of the following requirements about internal controls were enacted under the Sarbanes Oxley Act:

Q39) Continuous monitoring, in the contemporary approach, is beneficial because _____________.

Q40) WellPoint Health Network states: WellPoint will redefine our industry: through a new generation of consumer-friendly products that put individuals back in control of their future. This is an example of a:

Q41) Which of the following is not a current liability on December 31, 2014?

Q42) Which of these statements regarding the industry life cycle is correct?

Q43) If a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if the income tax rate is 30%?

Q44) Green, Inc. had 200,000 shares of common stock outstanding before a stock split occurred and 800,000 shares outstanding after the stock split. The stock split was:
Q45) You work in marketing for a company that produces work boots. Quality control has sent you a memo detailing the length of time before the boots wear out under heavy use. They find that the boots wear out in an average of 208 days, but the exact amount of time varies, following a normal distribution with a standard deviation of 14 days. For an upcoming ad campaign, you need to know the percent of the pairs that last longer than six months-that is, 180 days. Use the empirical rule to approximate this percent.

Q46) What is a difference between merchandising companies and service enterprises?

Q47) International Financial Reporting Standards (IFRS):
implies that receivables with different characteristics should be reported separately.
implies that receivables with different characteristics should be reported as one un-segregated amount.
requires that receivables with different characteristics should be reported separately.
requires that receivables with different characteristics should be reported as one un-segregated amount.

Q48) In a simple linear regression model, if the plots on a scatter diagram lie on a straight line, what is the standard error of the estimate?

Q49) Shaw Industries, a giant carpet manufacturer, increases its control over raw materials by producing much of its own polypropylene fiber, a key input to its manufacturing process. This is an example of _______________.

Q50) The four key attributes of strategic management include the idea that:


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