StudyGuide_students - School of Business Alabama A&M...

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School of Business Alabama A&M University Self Study Guide and Sample Questions for the Exit Examination
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2 Table of Contents Page Test-Taking Skills. ................................................................ 3 Review: Accounting. ............................................................... 4 Management Information Systems . .............................. 7 Sample Questions: Finance . ................................................................... 9 Accounting. ............................................................. 11 Economics . ............................................................. 14 Statistics . ............................................................... 15 Marketing . .............................................................. 17 Management. .......................................................... 18 Production/Operation Management. ............................ 20 Legal/Social Environment. ......................................... 21
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3 Test Quest Test-Taking Skills The real Key to taking a test is to be prepared—to have spent consistent time studying. But there are test-taking strategies that might help you do well on a test. General Guidelines Get a good night’s sleep before the test Arrive early and take a moment to relax Don’t go to the test with an empty stomach Read directions carefully. Listen to instructions from the exam coordinator. Important directions could be given If you go blank on a question, skip it and come back to it at a later time Make a study sheet before the test and use it to review Be sure you have all of the supplies you need—pencil, calculator, texts, etc. Save time at the end to review what you have done. Make sure you’ve answered everything. Answer the easiest questions first Multiple Choice Tests Read the stem carefully Read all of the answers before selecting. First eliminate answers you know are wrong Always guess when there is no penalty for guessing. Don’t guess if you are penalized for guessing Your first choice is usually correct, so don’t change answers unless you’re sure you are correct. For more information on test-taking skills, go to these sites: Dealing with Test Anxiety http://www.studygs.net/tstprp8.htm Multiple Choice Test http://www.studygs.net/tsttak3.htm Study Guides and Test-Taking Strategies Hotlist http://www.eop.mu.edu/study/ Survival Strategies for Taking Tests http://www.mtsu.edu/~studskl/teststrat.html Ten Tips for Test-Taking http://www.studygs.net/tsttak1.htm Test-Taking Skills, Tricks, Strategies and Techniques http://www.testtakingtips.com/test/index.htm
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4 REVIEW: THE ACCOUNTING CYCLE Accounting is an information system that provides reports to stakeholders (people with an interest in the business) about the economic activities and condition of a business. The accounting system gathers, identifies, analyzes, records, and reports all economic events of a business enterprise to the stakeholders. Typically, business enterprises can be further
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StudyGuide_students - School of Business Alabama A&M...

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