exam 1 2009

exam 1 2009 - NAME _ SECTION _001_ ACC 200 - SPRING 2009...

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1 NAME _________________________ SECTION _________001__________ ACC 200 - SPRING 2009 EXAM 0NE 1. Fill in the information requested at the top of this page. Fill in your name on the answer sheet provided. 2. Enter all answers on the answer sheet provided but do NOT make extraneous marks on the answer sheet. Use the test paper for scratch work. The answer sheet will be machine graded; please handle it in a careful manner. Answers must be on the front side , i.e., the side with space for your name and identification. 3. Each question should be answered in the appropriately numbered space on the front side of answer sheet (1-20). Only one answer is acceptable for any question. If you must erase, erase completely . Fill in the chosen circle completely with a soft (#1 or #2) pencil. Remember, with multiple choice questions, there might appear to be several good answers. You need to select the best answer. 4. When you complete the exam, keep the exam questions for the group re-exam but quietly turn in the answer sheet and the honor pledge to the front of the room. HONOR PLEDGE I have neither given nor received unauthorized aid on this exam. SIGNED: ____________________________________________
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2 1. Which form of business would most likely provide the greatest access to funds? A) C-corporation. B) Limited liability company (LLC). C) Partnership. D) S-corporation. 2. A medical doctor considering establishing a single doctor family practice would most likely use what type of business organization? A) C-corporation. B) Limited liability partnership (LLP). C) S-corporation. D) Sole proprietorship. 3. The following four companies’ financial performance as a percent of Sales Revenue was the following for the year-end December 31, 2008? A Company B Company C Company D Company Gross Margin of 20% Gross Margin of 20% Gross Margin of 40% Gross Margin of 40% Net Income of 30% Net Income of 10% Net Income of 10% Net Income of 40% Which of the following companies is most successful following a COST LEADERSHIP business strategy? A)
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exam 1 2009 - NAME _ SECTION _001_ ACC 200 - SPRING 2009...

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