58 Pages

#### 09 TB Ch10

Course: MGMT 313, Spring 2010

School: Mountain State

Word Count: 12343

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10COMPARISONS CHAPTER INVOLVING MEANS, EXPERIMENTAL DESIGN AND ANALYSIS OF VARIANCE MULTIPLE CHOICE 1. If we are interested in testing whether the mean of population 1 is significantly larger than the mean of population 2, the a. null hypothesis should state 1 - 2 > 0 b. null hypothesis should state 1 - 2 0 c. alternative hypothesis should state 1 - 2 > 0 d. alternative hypothesis should state 1 - 2...

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Mountain State - MGMT - 313
CHAPTER 11COMPARISONS INVOLVING PROPORTIONS AND A TEST OF INDEPENDENCEMULTIPLE CHOICE 1. When developing an interval estimate for the difference between two population proportions, with sample sizes of n1 and n2, a. n1 must be equal to n2 b. n1 must be s
Mountain State - MGMT - 313
CHAPTER 12SIMPLE LINEAR REGRESSIONMULTIPLE CHOICE 1. In a regression analysis, the error term is a random variable with a mean or expected value of a. zero b. one c. any positive value d. any value ANS: A PTS: 1 TOP: Regression Analysis2. The coefficien
Mountain State - MGMT - 313
CHAPTER 13MULTIPLE REGRESSIONMULTIPLE CHOICE 1. The mathematical equation relating the expected value of the dependent variable to the value of the independent variables, which has the form of E(y) = a. a simple linear regression model b. a multiple nonl
Mountain State - ACCT - 360
CHAPTER 1 INTRODUCTION TO COST MANAGEMENTQUESTIONS FOR WRITING AND DISCUSSION1. A cost management system is primarily concerned with producing outputs for internal information users, using inputs and processes needed to satisfy management objectives. A
Mountain State - ACCT - 360
CHAPTER 2 BASIC COST MANAGEMENT CONCEPTSQUESTIONS FOR WRITING AND DISCUSSION1. A cost object is any item for which costs are measured and assigned, including such things as products, plants, projects, departments, customers, and activities. 2. An activi
Mountain State - ACCT - 360
CHAPTER 3 COST BEHAVIORQUESTIONS FOR WRITING AND DISCUSSION1. Knowledge of cost behavior allows a manager to assess changes in costs that result from changes in activity. This allows a manager to assess the effects of choices that change activity. For e
Mountain State - ACCT - 360
CHAPTER 4 ACTIVITY-BASED COSTINGQUESTIONS FOR WRITING AND DISCUSSION1. A predetermined overhead rate is simply an estimate of the overhead used per unit of driver. It is calculated using budgeted overhead and budgeted levels of the associated driver. Pr
Mountain State - ACCT - 360
CHAPTER 5 PRODUCT AND SERVICE COSTING: JOB-ORDER SYSTEMQUESTIONS FOR WRITING AND DISCUSSION1. Cost measurement is the process of determining the dollar amounts of direct materials, direct labor, and overhead that should be assigned to production. Cost a
Mountain State - ACCT - 360
CHAPTER 6 PRODUCT AND SERVICE COSTING: A PROCESS SYSTEMS APPROACHQUESTIONS FOR WRITING AND DISCUSSION1. A process is a series of activities (operations) that are linked to perform a certain objective. For example, the bottling process of a pain medicati
Mountain State - ACCT - 360
CHAPTER 7 ALLOCATING COSTS OF SUPPORT DEPARTMENTS AND JOINT PRODUCTSQUESTIONS FOR WRITING AND DISCUSSION1. Stage one assigns service costs to producing departments. Costs are assigned using factors that reflect the consumption of the services by each pr
Mountain State - ACCT - 360
CHAPTER 8 BUDGETING FOR PLANNING AND CONTROLQUESTIONS FOR WRITING AND DISCUSSION1. Budgets are the quantitative expressions of plans. Budgets are used to translate the goals and strategies of an organization into operational terms. 2. Control is the pro
Mountain State - ACCT - 360
CHAPTER 9 STANDARD COSTING: A FUNCTIONAL-BASED CONTROL APPROACHQUESTIONS FOR WRITING AND DISCUSSION1. Standard costs are essentially budgeted amounts on a per-unit basis. Unit standards serve as inputs in building budgets. 2. The quantity decision is de
Mountain State - ACCT - 360
CHAPTER 10 DECENTRALIZATION: RESPONSIBILITY ACCOUNTING, PERFORMANCE EVALUATION, AND TRANSFER PRICINGQUESTIONS FOR WRITING AND DISCUSSION1. Decentralization is the delegation of decisionmaking authority to lower levels. In centralized decision making, de
Mountain State - ACCT - 360
CHAPTER 11 STRATEGIC COST MANAGEMENTQUESTIONS FOR WRITING AND DISCUSSION1. A competitive advantage is providing better customer value for the same or lower cost or equivalent value for lower cost. The cost management system must provide information that
Mountain State - ACCT - 360
CHAPTER 12 ACTIVITY-BASED MANAGEMENTQUESTIONS FOR WRITING AND DISCUSSION1. The two dimensions are the cost dimension and the process dimension. The cost dimension is concerned with accurate assignment of costs to cost objects, such as products and custo
Mountain State - ACCT - 360
CHAPTER 13 THE BALANCED SCORECARD: STRATEGIC-BASED CONTROLQUESTIONS FOR WRITING AND DISCUSSION1. A strategic-based responsibility accounting system converts an organization's mission and strategy into operational objectives and measures for four perspec
Mountain State - ACCT - 360
CHAPTER 14 QUALITY COST MANAGEMENTQUESTIONS FOR WRITING AND DISCUSSION1. All quality costs are incurred because poor quality may or does exist. 2. Prevention costs are incurred to prevent defects in products; appraisal costs are costs incurred to determ
Mountain State - ACCT - 360
CHAPTER 15 PRODUCTIVITY MEASUREMENT AND CONTROLQUESTIONS FOR WRITING AND DISCUSSION1. Total productive efficiency is the point where technical and allocative efficiency are achieved. It is the point where the optimal quantity of inputs is used to produc
Mountain State - ACCT - 360
CHAPTER 16 LEAN ACCOUNTING, TARGET COSTING, AND THE BALANCED SCORECARDQUESTIONS FOR WRITING AND DISCUSSION1. Lean manufacturing is an approach designed to eliminate waste and maximize customer value. It is characterized by delivering the right product,
Mountain State - ACCT - 360
CHAPTER 17 COST-VOLUME-PROFIT ANALYSISQUESTIONS FOR WRITING AND DISCUSSION1. CVP analysis allows managers to focus on prices, volume, costs, profits, and sales mix. Many different what-if questions can be asked to assess the effect on profits of changes
Mountain State - ACCT - 360
CHAPTER 18 ACTIVITY RESOURCE USAGE MODEL AND TACTICAL DECISION MAKINGQUESTIONS FOR WRITING AND DISCUSSION1. Tactical decision making is choosing among alternatives with an immediate or limited end in mind. 2. Tactical decisions should support the overal
Mountain State - ACCT - 360
CHAPTER 19 PRICING AND PROFITABILITY ANALYSISQUESTIONS FOR WRITING AND DISCUSSION1. Perfectly competitive markets are characterized by the following: many buyers and sellers- no one of which is large enough to influence the market; a homogeneous product
Mountain State - ACCT - 360
CHAPTER 20 CAPITAL INVESTMENTQUESTIONS FOR WRITING AND DISCUSSION1. Independent projects are such that the acceptance of one does not preclude the acceptance of another. With mutually exclusive projects, however, acceptance of one precludes the acceptan
Mountain State - ACCT - 360
CHAPTER 21 INVENTORY MANAGEMENT: ECONOMIC ORDER QUANTITY, JIT, AND THE THEORY OF CONSTRAINTSQUESTIONS FOR WRITING AND DISCUSSION1. Ordering costs are the costs of placing and receiving an order. Examples include clerical costs, documents, and unloading.
Mountain State - ACCT - 345
Chapter 1 The Nature of FraudMULTIPLE CHOICE 1. One way that criminal law differs from civil law is that it: a. Provides remedies for violations of private rights. b. Must yield a unanimous verdict. c. Can have a jury of fewer than 12 persons. d. Allows
Mountain State - ACCT - 345
Chapter 2 Why People Commit FraudMULTIPLE CHOICE 1. Which of the following is not a common rationalization of fraud perpetrators? a. The organization owes me b. I'm only borrowing the money c. No one will get hurt d. All of the above are common rationali
Mountain State - ACCT - 345
Chapter 3 Fighting Fraud: An OverviewMULTIPLE CHOICE 1. Which of the following are the most effective fraud detectors? a. Auditors b. Customers c. Vendors d. Employees ANS: D A: Auditors usually detect fraud when there are red flags in the financial stat
Mountain State - ACCT - 345
Chapter 4 Preventing FraudMULTIPLE CHOICE 1. The default model that deals with fraud has which of the following stages a. Fraud incident b. Action c. Resolution d. All of the above ANS: D D: Correct- all of them are in the default model of fraud 2. The f
Mountain State - ACCT - 345
Chapter 5 Recognizing the Symptoms of FraudMULTIPLE CHOICE 1. Of the elements of fraud, which is usually least likely to be detected by auditors? a. Theft act b. Concealment c. Conversion d. Personal pressures ANS: A A: The actual act is hardest for an a
Mountain State - ACCT - 345
Chapter 6 Data-Driven Fraud DetectionMULTIPLE CHOICE 1. Which statement is false? a. In recent years there have been many cases of financial statement fraud. b. Proactive fraud detection methods are in their infancy. c. Fraud investigation involves ident
Mountain State - ACCT - 345
Chapter 7 Investigating Theft ActsMULTIPLE CHOICE 1. Which of the following is the last step in an investigation? a. Interview suspect b. Interview former employees c. Interview other buyers or co-workers d. Invigilation ANS: A A: Correct B: Incorrect -
Mountain State - ACCT - 345
Chapter 8 Investigating ConcealmentMULTIPLE CHOICE 1. _ are commonly used by attorneys involved in litigation to track documents a. RFID tags b. Bates numbers c. Bar codes d. All of the above ANS: B B: Correct 2. Secondary evidence may be used in all of
Mountain State - ACCT - 345
Chapter 9 Conversion Investigation MethodsMULTIPLE CHOICE 1. Which of the following types of information do credit reporting agencies not maintain? a. Information of current and former employers b. Account information such as payment schedules, items pur
Mountain State - ACCT - 345
Chapter 10 Inquiry Methods and Fraud ReportsMULTIPLE CHOICE 1. Which of the following is a characteristic of a good interviewer? a. One who interrupts respondents b. One who is able to get others to open up and share information c. One who interviews in
Mountain State - ACCT - 345
Chapter 11 Financial Statement FraudMULTIPLE CHOICE 1. Which of the following is true? a. Most financial statement frauds occur in large historically profitable companies. b. Most people who commit management fraud are first-time offenders. c. An active
Mountain State - ACCT - 345
Chapter 12 Revenue- and Inventory-Related Financial Statement FraudsMULTIPLE CHOICE 1. Revenue-related financial statement fraud is prevalent for all of the following reasons except: a. There are numerous accounting methods for recognizing revenue. b. Re
Mountain State - ACCT - 345
Chapter 13 Liability, Asset, and Inadequate Disclosure FraudsMULTIPLE CHOICE 1. Which of the following is an example of asset overstatement fraud? a. Not recording contingent liabilities b. Under recording debt c. Under recording depreciation expenses d.
Mountain State - ACCT - 345
Chapter 14 Fraud Against OrganizationsMULTIPLE CHOICE 1. Bribery involves offering, giving, receiving, or soliciting anything of value in order to influence a/an a. Decision of government agents b. Official act c. Decision of employees d. All of the abov
Mountain State - ACCT - 345
Chapter 15 Consumer FraudMULTIPLE CHOICE 1. Consumer fraud is described as any fraud that: a. Is committed by a consumer b. Takes place against an individual c. Is fraud committed within an organization d. Comes from a separate country ANS: B B: Correct;
Mountain State - ACCT - 345
Chapter 16 Bankruptcy, Divorce, and Tax FraudMULTIPLE CHOICE 1. All bankruptcy petitions are subject to a. Federal claims court jurisdiction b. U.S. Tax court jurisdiction c. Supreme court jurisdiction d. U.S. district court jurisdiction ANS: D: Correct
Mountain State - ACCT - 345
Chapter 17 Fraud in E-CommerceMULTIPLE CHOICE 1. Which activity is used legitimately by companies to monitor network traffic, but may also be used illegally to capture confidential information? a. Sniffing b. Spoofing c. Hijacking d. Impersonation ANS: A
Mountain State - ACCT - 345
Chapter 18 Legal Follow-UpMULTIPLE CHOICE 1. A(n) _ is a means of securing documents in the other partys possession that are relevant to the issues of the case. a. Interrogatory b. Request for admission c. Subpoena d. Production request ANS: D D: Correct
Mountain State - ACCT - 331
Chapter Three Basic Option Strategies: Covered Calls and Protective Puts Answers to Problems and Questions 1. Covering a call means either 1) buying back a call that you previously wrote, or 2) adding a stock or long option position so that a short call i
Mountain State - ACCT - 331
Chapter Four Option Combinations and Spreads Answers to Problems and Questions 1. A straddle involves a higher maximum profit if the stock remains near the option striking price. A strangle has a lower maximum profit, but it occurs over a wider range of p
Mountain State - ACCT - 331
Chapter Five Option Pricing Answers to Problems and Questions 1. Arbitrage is the existence of a riskless profit, especially when you do not have to commit funds to earn the profit. 2. Market prices move continually, and frequently move slightly away from
Mountain State - ACCT - 331
Chapter Six The Black-Scholes Option Pricing Model Answers to Problems and Questions 1. Interest rates may have changed, the expected amount of the next dividend may have changed, or the market may anticipate a different future level of volatility in the
Mountain State - ACCT - 331
Chapter Seven Option Greeks Answers to Problems and Questions 1. Delta is the hedge ratio, a measure of option sensitivity, and sometimes approximately the likelihood of the option ending in the money. 2. As time passes, the delta of an in-the-money optio
Mountain State - ACCT - 331
Chapter Eight Fundamentals of the Futures Market Answers to Problems and Questions 1. Open interest measures the number of futures contracts that exist. One side of the contract may change hands many times prior to the delivery month. Each time a trade oc
Mountain State - ACCT - 331
Chapter Nine Stock Index Futures Answers to Problems and Questions 1. Theoretically, the more securities in a portfolio, the less the unsystematic risk. Most users of stock index futures as a hedge do so in order to reduce systematic risk. Because of the
Mountain State - ACCT - 331
Chapter Ten Foreign Exchange Futures Answers to Problems and Questions 1. There is no single correct answer to this. Some research suggests that hedging foreign exchange risk in investment portfolios is not a good idea because it reduces the risk/return r
Mountain State - ACCT - 331
Chapter Eleven Fundamentals of Interest Rate Futures Answers to Problems and Questions 1. Unlike shares in a particular common stock or bushels of inspected soybeans, not all Treasury bonds are identical. Differences in coupon rate and in maturity are mat
Mountain State - ACCT - 331
Chapter Twelve Futures Contracts and Portfolio Management Answers to Problems and Questions 1. Immunization refers to the situation in which the effects of interest rate risk and reinvestment rate risk largely cancel. 2. Bullet immunization seeks to ensur
Mountain State - ACCT - 331
Chapter Thirteen Swaps and Interest Rate Options Answers to Problems and Questions 1. In an interest rate swap, the swap seller is the party paying the floating rate. 2. The swap tenor is the length (in time) of the swap arrangement. The swap price is the
Mountain State - ACCT - 331
Chapter Fourteen Swap Pricing Answers to Problems and Questions 1. If the options are European style you can use the put/call parity model with C P = 0, meaning K = S (1+R)T. Here we have K = 28.55 x (1.055)0.5 = 29.32 If the options are American style, a
Mountain State - ACCT - 331
Chapter Fifteen Other Derivative Assets Answers to Problems and Questions 1. At-the-money puts and calls should sell for the same price. 2. 3. Warrants sell for their greatest premium over intrinsic value when they are at-the-money. This is as predicted b
Mountain State - ACCT - 331
Chapter Sixteen Financial Engineering and Risk Management Answers to Problems and Questions 1. Finance is based on the premise that the easy access to information will result in few free lunches. People prefer more wealth to less, everything else being eq
Mountain State - ACCT - 331
Chapter Seventeen Contemporary Issues Answers to Problems and Questions 1. The primary reason LTCM collapsed was the use of too much leverage and the associated risk if security prices did not return to their historic relationship. Shortly before the coll
University of Sydney - ENGLISH - 109
In Israel Potter, Melville 1855 novel, Chapter 14, In Which Israel is Sailor under Two Flags, and in Three Ships, and All in One Night (Melville: 2008), echoes the roaming life of a hard working sailor as he ponders the heavens and stars above from the ma
Penn State - ECON - 333
Economics 333 Section 002 International Economics Pennsylvania State University Spring 2011 Sparks 121 TR 4:15 pm 5:30 pm In this course we will examine the causes and consequences of international trade, instruments of trade policy, trade-related institu
SUNY Stony Brook - AMS - 545
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SUNY Stony Brook - AMS - 545