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# The standard deviation of the sample means equals (Points :

The standard deviation of the sample means equals (Points : 1)
The population standard deviation
The population standard deviation divided by the population mean
The population standard deviation divided by the square root of the sample
The square root of the population standard devation

2. Marketing research to test hypotheses about cause-and-effect relationships: (Points : 1)
Marketing research
Exploratory research
Descriptive research
Causal research

3. Protecting equipment from physical damage from power surges is: (Points : 1)
external security.
operational security.
physical security.
internal security

4. When NPV>=0, (Points : 1)
IRR<required rate of return.
IRR>=required rate of return.
IRR=0
none of above

5. Any paid form of non-personal presentation and promotion of ideas, goods, or services by an identified sponsor: (Points : 1)
Sales promotion
Public relations
Personal selling

6. The level of activity at which operating income is zero is called the (Points : 1)
Margin of safety point.
Contribution margin point.
Break-even point
Operating leverage point.

7. Given the situation illustrated in this model, which of the following would be an appropriate policy action?
(Points : 1)
cut government spending
increase interest rates
increase wages
decrease taxes

8. The Americans with Disability Act: (Points : 1)
prohibits discrimination in hiring based on race, color, religion, sex, or nation of origin
prohibits discrimination in hiring based on disability if the person is able to perform the required tasks
says workers may take leave after childbirth, adoption, or to care for a seriously ill family member
says workers with disabilities do not have to be qualified for certain positions

9. Suppose you are given the following scenario: Unemployment is currently 10% and there are no signs of inflation on the horizon, and the economy appears to be well below its potential output. Which of the following policies would be appropriate? (Points : 1)
raising taxes
increasing government spending or lowering taxes
decreasing aggregate demand
concretionary fiscal policy
raising interest rates

10. For this question, use the following table to calculate the optimistic approach:
(Points : 1)
D2,S1
D1,S3
D2,S3

11. What type of network has a computer called a file server that acts as the central storage location? (Points : 1)
local area (LAN)
client/server
peer-to-peer
workstation

12. The _____ suggests that given relatively efficient markets, the price of a basket of goods should be roughly equivalent in each country. (Points : 1)
Theory of efficient markets
Law of one price
Theory of price inflation
PPP theory

13. The balance in the prepaid rent account before adjustment at the end of the year is \$24,000, which represents four months' rent paid on December 1. The adjusting entry required on December 31 is: (Points : 1)
debit Rent Expense, \$6,000; credit Prepaid Rent, \$6,000
debit Prepaid Rent, \$18,000; credit Rent Expense, \$6,000
debit Rent Expense, \$18,000; credit Prepaid Rent, \$6,000
debit Prepaid Rent, \$6,000; credit Rent Expense, \$6,000

14. A source of cash from operating activities is the (Points : 1)
Collection of an account receivable
Cash received from the sale of used equipment.
Cash received from the sale of treasury stock.
Cash received from the sale of preferred stock.

15. Expected future data that differ among alternative courses of action are referred to as (Points : 1)
Irrelevant information.
Historical information.
Predictable information.
Relevant information

16. In order to prove false imprisonment, a person must show imprisonment for: (Points : 1)
any amount of time.
at least one minute.
at least ten minutes.
at least one hour.

17. Which of the following is not a typical function of the Human Resources department? (Points : 1)
selection and placement
research and development
training and development
health, safety and security

18. Conventions and trade shows are chief: (Points : 1)
Ways to drain extra budget lines at the close of the fiscal year
Consumer promotion tools
Follow-up venues

19. Inventory period is defined as (Points : 1)
the time between cash payment for purchase of raw material and cash collection of accounts receivable.
the time between sales of inventory and collection of the receivable.
the time between the acquisition of inventory and the collection of cash from receivables.
the time it takes to acquire and sell inventory.

20. The weighted-average cost of capital is used as a discount rate because (Points : 1)
it is an indication of how much the firm is earning overall.
as long as the cost of capital is earned, the common stock value of the firm will be maintained.
it is comparable to the prevailing market interest rates.
returns below the cost of capital will cover all fixed costs associated with capital and provide an excess return to stockholders.

21. When price rises, quantity supplied increases, and vice versa. This statement is known in economics as: (Points : 1)
the Law of Increasing Opportunity Costs
the Law of Supply
the Law of Demand
the Law of Increasing Numbers
Murphy's Law

22. Tariffs allow: (Points : 1)
foreign producers to receive a higher price
domestic producers to receive a higher price
foreign producers to charge a lower price
domestic producers to charge a lower price

23. When developing a marketing plan, which of the following would I probably NOT include? (Points : 1)
Competitive analysis
Product description
Capacity analysis
SWOT

24. The process of managing the sourcing, purchasing, shipping, warehousing and delivery of all the raw materials and components required to deliver a finished product to the consumer is called _________________. (Points : 1)
logistics
outsourcing
supply-chain management
materials acquisition
inventory management

25. Which of the following statements about values and norms of a culture is not true? (Points : 1)
The values and norms of a society do not emerge fully formed
They are the evolutionary product of a number of factors
They are influenced by social structure and religion
They do not influence social structure and religion

26. For this question, use the following table to calculate the conservative approach:
(Points : 1)
D2,S1
D1,S3
D2,S3

27. An audience who does not actually interact with your message is; (Points : 1)
a primary audience
secondary audience
auxiliary audience
watchdog audience

28. Economies of Scale will cause: (Points : 1)
short run total cost to decrease
short run average cost to decrease
long run total cost to decrease
long run average cost to decrease
no effect on a firm's cost structure

29. The emphasis on local responsiveness in firms pursuing a local responsiveness strategy creates strong pressures for: (Points : 1)
Decentralizing all decisions to foreign subsidiaries
Decentralizing operating decisions to foreign subsidiaries
Centralizing all operating decisions
Centralizing all decisions

30. Decisions can be: (Points : 1)
centralized – made by many people
centralized – made by a few people
decentralized – made by a few people
none of the above

31. Which type of center has the responsibility for generating revenue as well as controlling costs? (Points : 1)
Cost center
Revenue center
Investment center
Profit center

32. What is the primary advantage of licensing? (Points : 1)
It helps a firm avoid the development costs associated with opening a foreign market
It gives a firm the tight control over manufacturing, marketing and strategy
It helps a firm achieve experience curve and location economies
It increases a firm's ability to utilize a coordinated strategy

33. When a distribution is positively skewed, the relationship of the mean, median, and mode from left to right will be (Points : 1)
Mean, median, mode
Mode, median, mean
Median, mode, mean
Mean, mode, median

34. The official unemployment rate is the number of people: (Points : 1)
without a job divided by the population
looking for a job divided by the population
without a job divided by the labor force
looking for a job divided by the labor force

35. The single most popular form of business promotion: (Points : 1)
Personal selling
Public relations
Sales promotion

36. Which theory says there are five basic needs in an inverted pyramid of importance? (Points : 1)
McGregor’s
Maslow’s
Hertzberg’s
McClelland’s

37. Refer to the data below to calculate the 7th moving average:
(Points : 1)
6.40
6.45
6.50
6.35

38. Which of the following is true? (Points : 1)
Short-term bonds have greater interest rate risk than do long-term bonds.
Long-term bonds have greater interest rate risk than do short-term bonds.
All bonds have equal interest rate risk.
Interest rate risk is highest during periods of high interest rate.

39. How many permutations of the letters in the word tide are there? (Points : 1)
1
6
24
16

40. Federal regulation of the sale of securities is based on the: (Points : 1)
Securities Act of 1933 and the Securities Exchange Act of 1934.
Securities Act of 1933 and the Federal Trade Act of 1936.
Federal Trade Act of 1936 and the Blue Sky Act of 1933.
Fair Stock Act of 1932 and the Investment Securities Act of 1934.

41. For _____ to work, the firm must normally have a profitable position in another national market, which it can use to subsidize aggressive pricing in the market it is trying to monopolize. (Points : 1)
Multipoint pricing
Value-based pricing
Experience curve pricing
Predatory pricing

42. Refer to the data below to calculate the 4th moving average:
(Points : 1)
6.05
6.06
6.07
7.05

43. When a network does not have a server, all the computers essentially are equal, and programs and data are distributed among them. This is called a(n)____network. (Points : 1)
local area
simple
peer-to-peer
PC-to-PC

44. Money markets are markets for (Points : 1)
foreign currency exchange.
corporate stocks.
long-term bonds.
short-term debt securities.

45. What is the primary federal law regulating equal employment? (Points : 1)
Title VII of the Civil Rights Act of 1964
U.S. Constitution
Fair Labor Standards Act
Equal Pay Act

46. The rise in FDI in the services sector is a result of all of the following, except: (Points : 1)
The general move in many developed countries away from manufacturing and toward services
Accelerating regulations of services
Many services cannot be traded internationally
Many countries have liberalized their regimes governing FDI in services

47. The main reason why joint ventures do not last very long is: (Points : 1)
The ego of the top managers of the two parent companies
Changes in the environment that change the terms of the original cost-benefit analysis of the two partners
Cultural differences
Different set of skills of the two parent companies

48. Scientific tools used to manipulate information to help choose the best of several possibilities is: (Points : 1)
AI.
neural networking.
decision support systems.
transaction processing systems.

49. Which of the following is NOT one of the “4 Cs” that text authors Kotler and Armstrong suggest have replaced the traditional 4Ps? (Points : 1)
Customer solution
Communication
Customer control
Convenience
Customer cost

50. Refer to the data below to calculate the 9th moving average:
(Points : 1)
6.42
6.52
6.62
6.72

51. A bond is (Points : 1)
Debt sold to investors.
Long-term debt.
An agreement, which requires a company to repay principal plus interest.
All of the above

52. Printers are ____. (Points : 1)
output devices
computer peripherals
capable of connecting to a USB port if they have a USB connector
all of the above

53. An audience who has some type of power (political, social, etc.) and may take future actions based on your message is: (Points : 1)
primary audience
secondary audience
auxiliary audience
watchdog audience

54. The Production Possibilities Frontier is bowed outwards (concave) due to increasing marginal opportunity costs. The principle of increasing marginal opportunity costs states that the initial opportunity costs are: (Points : 1)
high but they decrease the more you concentrate on the activity
low but they increase the more you concentrate on the activity
high but they increase the more you concentrate on the activity.
low but they decrease the more you concentrate on the activity

55. The characteristics that distinguish a sales promotion from advertising are: (Points : 1)
the consumer must use or buy the product in order to take advantage of the “offer”
there is no real difference to the consumer, only to the advertiser
sales promotion is intended to stimulate an immediate and short-term action by the consumer
sales promotions are more difficult to track than common advertising

56. When an employee claims religious discrimination because of a religious practice: (Points : 1)
the employer must bypass seniority rules to accommodate the employee.
the employee must honor all bona fide religious practices.
the employer must make reasonable efforts to accommodate religious beliefs.
the employer must call in a substitute worker at additional cost.

57. A convertible bond: (Points : 1)
Allows the creditor to sell back a bond at a given price.
Allows the company to buy back a bond at a given price.
Gives the bondholders a claim to a specific asset of the issuing company in case of default.
Allows bondholders to convert bonds into common stock of the issuing company

58. If a price CEILING is enforced at price P-1, the result will be:

(Points : 1)
a shortage equal Q4 minus Q2
a surplus equal to Q4 minus Q2
a shortage equal to Q3 minus Q2
a surplus equal to Q3 minus Q2
no effect on quantity

59. A decision has three possible outcomes: \$100,000, \$10,000, and -\$20,000 with respective probabilities of 0.2, 0.6, and 0.2. What is the expected monetary value (EMV)? (Points : 1)
\$90,000
\$22,000
\$26,000
there is insufficient information to tell

60. Torts are categorized as: (Points : 1)
intentional only.
negligence only.
strict liability only.
intentional, negligence, and strict liability.

61. All of the following theories show why it is beneficial for a country to engage in international trade even for products it is able to produce for itself, except (Points : 1)
Mercantilism.
Heckscher-Ohlin

62. In organizational design, the most common groupings are by: (Points : 1)
product
geographical area
process
all of the above

63. The risk a company must consider when selling products overseas using the foreign currency is: (Points : 1)
Political instability risk
Local custom violations risk
Exchange rate risk
Overseas shipping risk

64. Financial intermediaries serve which of the following purposes? (Points : 1)
financial intermediaries allow for indirect investment in the capital markets by households.
aid in the flow of funds through the economy.
help provide allocation of funds to the best investments.
all of these.

65. A contract where one or both parties have not yet completely performed is a: (Points : 1)
void agreement.
executory contract.
executive contract.
executed contract.

66. Consideration is: (Points : 1)
the concern shown by the other contracting party.
what is demanded by the promisor as the price for the promise.
a stated number of dollars.
the concern of both contracting parties for the protection of the environment.

67. According to McGregor, which is the preferred management style? (Points : 1)
Theory W
Theory X
Theory Y
Theory Z

68. The Family and Medical Leave Act: (Points : 1)
prohibits discrimination in hiring based on race, color, religion, sex, or nation of origin
prohibits discrimination in hiring based on disability if the person is able to perform the required tasks
says workers may take leave after childbirth, adoption, or to care for a seriously ill family member
says workers can retain medical insurance coverage after being separated from the company

69. Which is not a property of the standard normal distribution? (Points : 1)
It’s uniform.
It’s bell-shaped.
Its’ uni-modal.

70. If the risk-free rate, estimated using the Treasury Bill rate, is 6%, the stock market’s average return on stock is 16%, and firm A has a beta of 1.2, what is the estimated return expected on firm A’s stock? (Points : 1)
15%
17%
11%
18%

71. A SWOT analysis analyzes: (Points : 1)
situations, workers, output, and technology
situations, weaknesses, output, and threats
strengths, weaknesses, opportunities, and threats
strengths, workers, opportunities, and technology.

72. Book value is the difference between: (Points : 1)
Accumulated depreciation and market value, and it is reported on the income statement.
Historic cost and accumulated depreciation, and it is reported on the balance sheet
Depreciation expense and accumulated depreciation, and it is reported on the balance sheet.
Historic cost and market value, and it is reported on the balance sheet.

73. What advertising objective(s) would I most likely have during the Introductory phase of the product lifecycle? (Points : 1)
Sustaining sales
Product awareness
Price competition
Informative/Education
B&D

74. The decision process by which business buyers determine which products and services their organizations need to purchase; and then, find, evaluate, and choose among alternative suppliers and brands: (Points : 1)
Consumer market

75. Which theory says internal factors lead to job satisfaction and insufficient external factors lead to job dissatisfaction? (Points : 1)
McGregor’s
Maslow’s
Hertzberg’s
McClelland’s

76. Significant Barriers to Entry may be present in which of the following market structures? (Points : 1)
perfect Competition only
perfect Competition and Oligopoly
monopolistic Competition and Monopoly
oligopoly and monopoly
monopolistic Competition and Oligopoly

77. Suppose it is very difficult for a firm to find a close substitute for a specific input. As a result, the firm's demand for that input will be: (Points : 1)
more elastic
less elastic
decreasing rapidly if the price of that input rises
perfectly elastic
unitary elastic

78. ____ is a network that can be especially useful in buildings with no wired local area networks. (Points : 1)
Bluetooth
IEEE
WiFi
PAN

79. To advertise a product on television directly to the end consumer with the intent of subsequently having the consumer solicit his/her retailer to stock and sell the item advertised: (Points : 1)
Push strategy
Pull strategy
Word-of-mouth influence
All the above

80. ____ occurs when a hacker breaks into a DNS server and redirects all attempts to access a particular website to the hacker’s spoofed site. (Points : 1)
Phishing
Pharming
Spoofing
Spying

81. G&P, Inc. has \$10 million of debt outstanding. Currently the YTM is 10.5%. If the firm’s tax rate is 40%, what is the after-tax cost of debt? (Points : 1)
6.3%
4.8%
4.2%
10.5%

82. DSL is a type of an Internet ____. (Points : 1)
connection
protocol
server

83. In a pure prototyping approach: (Points : 1)
firms are allowed to explore the use of newer technologies.
documentation is typically less complete than with traditional systems development approaches.
greater security and control features than with traditional systems development approaches.
a and b

84. The use of outside companies to provide, support, and maintain information systems is known as: (Points : 1)
prototyping.
outsourcing.
enterprise resource planning.
None of the above.

85. This is a loan between a parent and its subsidiary channeled through a financial intermediary, usually a large international bank. (Points : 1)
International loan
Fronting loan
Transfer loan
Unbundling loan

86. Trespass applies to: (Points : 1)
persons only.
property only.
both persons and property.
only government property.

87. Globalization has _____ the opportunities for a firm to expand its revenues by selling around the world and _____ its costs by producing in nations where key inputs are cheap. (Points : 1)
Reduced, reduced
Increased, increased
Increased, reduced
Reduced, increased

88. Which of the following is the greatest obstacle for a multinational company in maintaining consistent ethical standards among all its subsidiaries in different countries? (Points : 1)
Pressure from shareholders for high profits without any regard for ethics
Differences in the legal systems in different countries
Differences in what various cultures consider unethical behavior
Endemic corruption in many developing countries

89. What is not considered a “reasonable accommodation” for persons with disabilities? (Points : 1)
an accommodation that would be an “undue hardship” on the employer
making existing facilities accessible to persons with disabilities
modifying work schedules
job restructuring

90. The full positioning of a brand—the full mix of benefits upon which it is positioned: (Points : 1)
Value proposition
Target marketing
Product position

91. Hale's TV Production is considering producing a pilot for a comedy series for a major television network. The network may reject the pilot and the series, but it may also purchase the program for 1 or 2 years. Hale may decide to produce the pilot or transfer the rights for the series to a competitor for \$100,000. Hale's profits are summarized in the following profit (in thousands of dollars) payoff table:

Based on the information above, the optimistic approach is D2, S3 at 100. (Points : 1)
True
False

92. Which of the following statements is true for programming languages? (Points : 1)
Interpreted programs run faster than compiled programs.
Compilers translate high-level language programs into machine language programs.
Interpreter programs use assembly language as input.
None of the above.

93. Assume stock A has a standard deviation of 0.21, while stock B has a standard deviation of 0.10. We can conclude: (Points : 1)
Stock A has higher total risk.
Stock B has higher total risk.
Stock A has higher market risk.
Stock B has higher market risk.

94. The mean of the standard normal distribution is (Points : 1)
0
1
100
variable

95. Which of the following ratio measures the liquidity of the company? (Points : 1)
profit margin
fixed asset turnover
quick ratio
debt ratio

96. The definition of Net income is (Points : 1)
Revenues minus Liabilities.
Assets minus Liabilities.
the change in the owner’s equity from the beginning of the year to the end of the year.
Revenues minus Expenses

97. SEC Rule lOb-5: (Points : 1)
is the principal antifraud rule relating to the secondary of securities.
imposes sanctions for trading on insider information.
applies to unregistered securities that make use of the mails.
all of the above.

98. What types of assets are depreciated? (Points : 1)
Natural resources.
Intangible assets.
Property, plant and equipment excluding land
Long-term investments in marketable stocks and bonds.

99. An audience who will take an action based on your message is: (Points : 1)
primary audience
secondary audience
auxiliary audience
watchdog audience

100. All other factors held constant, the present value of an ordinary annuity will always be (Points : 1)
greater than the present value of an annuity due.
less than the present value of an annuity due.
equal to the present value of an annuity due.
all of above is possible.

101. The McGill company has an inventory period of 45 days, an accounts receivables period of 24 days, and an accounts payable period of 16 days. What is the cash cycle of the company? (Points : 1)
45 days
24 days
29 days
53 days

102. Global expansion allows firms to achieve all of the following, except: (Points : 1)
Standardize their product offering, marketing strategy and business strategy for all national conditions
Realize location economies by dispersing value creation activities to the optimal location
Realize cost economies from experience effects generated by serving a larger market from a central location
Expand the market for their domestic product offerings by selling those products in international markets

103. Which of the following statements is NOT correct? (Points : 1)
price elasticity will be greater in the long run than in the short run
if demand for good X is relatively elastic, an increase in the price of X will result in consumers spending less on good X
for a typical down-sloping straight line demand curve, price elasticity of demand will be 1.0 at the midpoint
taxing a good which for which demand is relatively elastic will generate more revenue than would taxing a good for which demand is relatively inelastic.
all the above are correct.

104. Suppose total deposits in the First Bank of Commerce are \$100,000 and required reserves are \$10,000. Based on this information, the required reserve ratio is: (Points : 1)
0.10
0.9
1
10

105. Approximately what percentage of normally distributed data values will fall within one standard deviation above or below the mean? (Points : 1)
68%
95%
99.7%
variable

106. A period cost is (Points : 1)
Reported on the balance sheet.
Accumulated in work in process inventory.
Expensed in the period in which it is incurred
Regarded as an asset.

107. A group of investors seeking control of another corporation by offering cash for
all of its shares made available for sale. (Points : 1)
cash tender offer.
stock redemption offer.
offer for value.

108. In a unilateral contract, the consideration is: (Points : 1)
the surrender of a claim against the promisor.
the returning of the promisor’s property.
a promise to do the act called for by the promisor.
the doing of the act called for by the promisor.

## This question was asked on Feb 09, 2013.

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