Sectional_Exam_1_Version_B_Answers

Sectional_Exam_1_Ver - Student Name Student ID BUS 209 A B C or D(indicate OR My section meets on at am/pm Spring 2009 AUBG Todays date SECTIONAL

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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 B 1
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Part I: Definitions. Match the following definitions with the appropriate letter. Write legibly. (12 points maximum; 1 point each) __i_ Average days’ payable _k__ Common-size statement_d__ Dividends yield __g_ Core competency __c_ Mission __h_ Strategic objectives __b_ Interim financial statements __l_ Sarbanes-Oxley Act _f__ Price/Earnings ratio __a_ Value-adding activities __j_ Support services __e_ Total Quality Management (TQM) a. Activities that add value to a product or service as perceived by the customer. b. Financial statements issued for a period of less than one year, usually a quarter or a month. c. A statement of the fundamental way in which a business will achieve its goal of increasing the value of the owners’ interest in the business. d. Dividends per share divided by market price per share; a measure of a stock’s current return to an investor. e. A management tool that requires that all parts of a business work together to build quality into the business’s product or service. f. Market price per share divided by earnings per share; a measure of investor confidence in a company and a means of comparing stock values. g. What a company does best and what gives it an advantage over its competitors. h. Broad long-term goals that determine the fundamental nature and direction of a business and that serve as a guide for decision making. i. Days in the year divided by payables turnover; a measure that shows the average number of days taken to sell inventory. j. Components of the value chain that facilitate the primary processes but do not add value to a product or service. k. A financial statement in which the components of a total figure are stated in terms of percentages of that total. l. Legislation passed by the U.S. Congress to improve the financial reporting system. 2
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Part II: True or False? Input your answers as “a” for true or “b” for false on the answer sheet. (18 points maximum; 3 points each) 1. Return on assets (ROA) is usually viewed as a realistic measure of management's performance in using all of the resources available to the company regardless of how the assets are financed (with debt or with equity). 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_Ver - Student Name Student ID BUS 209 A B C or D(indicate OR My section meets on at am/pm Spring 2009 AUBG Todays date SECTIONAL

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