Sectional_Exam_1_Version_A_Answers

Sectional_Exam_1_Version_A_Answers - Student Name: _...

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Student Name: __________________________________ Student ID #: __________________ BUS 209 A, B, C, or D _________________ (indicate) OR: My section meets on ____________ at _______ am/pm Spring 2009, AUBG Today’s date: ____________________ SECTIONAL EXAM N. 1 (Chapters 18 and 19) VERSION A 1
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Part I: Definitions. Match the following definitions with the appropriate letter. Write legibly! (12 points; 1 point each) ___e_ Non-value adding activities ____d_ Business plan ___c_ Supply chain ___a_ Benchmarking ___j_ Average days’ inventory on hand ___g_ Base year ___k_ Outsourcing ___b_ Horizontal analysis ___i_ Trend analysis ___h_ Quick ratio ___l_ Vertical analysis ___f_ Just-In-Time operating philosohy a. A technique for determining a company’s competitive advantage by comparing its performance with that of its best competitors. b. A technique for analysizing financial statements that involves the computation of changes from the previous to the current year in both dollar amounts and percentages. c. The path that leads from the suppliers of the materials from which a product is made to the final consumer. Also called the supply network . d. A comprehensive statement of how a company will achieve its objectives. e. Activities that add cost to a product or service but do not increase its market value. f. A management tool aimed at improving productivity and eliminating waste by requiring that all resources – materials, personnel, and facilities – be acquired and used only as needed. g. In financial analysis, the first year to be considered in any set of data. h. The more liquid current asstes – cash, marketable securities or short-term investments, and receivables – divided by current liabilities; a measure of short- term debt-paying ability. i. A type of horizontal analysis in which percentage changes are calculated for several successive years instead of for two years. j. Days in the year divided by inventory turnover; a measure that shows the average number of days taken to sell inventory. 2
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k. The engagement of other companies to perform a process or service of the value chain that is not among an organization’s core competencies. l. A technique for analyzing financial statements that uses percentages to show the relationships of the different parts to a total in a single statement. Part II: True or False? Input your answers as “a” for true or “b” for false on the answer sheet. (18 points; 2 points each) 1. One of the factors investors consider for investment decisions is the economy and how it might impact the performance of a company. a)
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This note was uploaded on 12/14/2009 for the course BUSINESS bus 203c taught by Professor Milankas. during the Spring '09 term at American University in Bulgaria.

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Sectional_Exam_1_Version_A_Answers - Student Name: _...

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