Prelim2 - AEM220 Introduction to Business Management Spring...

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AEM220 Spring 2005 Introduction to Business Management Pedro David Pérez Prelim #2 FORM A 1. This exam is composed of 100 questions, including two questions worth two points each, for a total of 102 points. The questions are a mixture of multiple choice, matching, and true/false formats. You will have exactly 90 minutes to complete the exam. Please allocate your time accordingly. 2. Make sure you leave yourself enough time at the end to have the bubble sheet completely filled out before time is called. No additional time will be allocated for this activity. 3. If you have questions about anything, do not hesitate to ask. Just raise your hand and we will come to your seat. 4. After you have completed your exam , print your name in the space below, sign and date the Honor Code. GOOD LUCK!!! Name (please print) _______________________________________________________ Student ID Number _____________________________ Honor Code : I affirm that I have abided by the guidelines set forth in the Cornell University Code of Conduct: Signature ________________________________________________________________ Date ________________________________
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Allocate each of the following to the appropriate category (23 pts) a. Five forces analysis b. High risk types of investment c. Stages of capital formation d. Traditional types of investment e. Types of economic competition 1. Substitutes 2. Buyers 3. Certificates of Deposit 4. Commodities 5. Competitors 6. Direct business investment 7. Futures 8. Government Securities 9. Home equity 10. Indirect business investment 11. Junk Bonds 12. Money Market or Mutual Funds 13. Monopolistic 14. Monopoly . 15. New entrants . 16. Oligopoly . 17. Paying off debts . 18. Perfect . 19. Real Estate . 20. Retirement funds 21. Stock on Margin . 22. Stocks/Bonds 23. Suppliers . 24. Which of the following statements is false? a. It is almost impossible to run a company effectively without the ability to read and understand basic accounting reports and financial statements b. Accounting provides information about the financial condition and operating performance of a firm c. The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions d. Owners, creditors, suppliers, employees, and the government all are users of accounting information e. A firm’s financial statements represent a health report regarding the condition of the firm
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Match the following concepts with their definitions 25. Auditing d. 26. Financial accounting a. 27. GAAP e. 28. Managerial accounting b. 29. Tax accounting c. a. Preparation of accounting reports for owners, creditors, suppliers and others outside of the organization b. Preparation of accounting reports to assist in organizational decision making c. Preparation of tax returns and developments of tax strategies d. Reviewing and evaluation of the records used to prepare a company’s financial statements e. Set of standards concerning accounting principles established by the FASB
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