C09V : Principles of Finance
Of the following, which is NOT one of the four main areas of finance?
All are considered main areas of finance.
_______ is a major disadvantage of the corporate form of business.
Lack of ability to raise capital
Transfer of ownership
Everything else equal, an industry with more leverage will have a:
higher return on assets.
higher return on equity.
lower return on equity.
Both A & B
If you can earn 5.25% per year on your investments, how long will it take to double your money?
There is not enough information to answer this question.
Travis bought a share of stock for $31.50 that paid a dividend of $.85 and sold six months later for $27.65. What was his dollar profit or loss and holding period return?
If you were required to estimate the average return for one category of securities for the coming year, history tells us that you should have the greatest degree of confidence estimating which of the following?
Long-term government bonds
3-month U.S. Treasury bills
Which of the following are not considered a part of the firm's capital structure?
Which of the following choices lists the least to most aggressive actions in the pursuit of overdue debt?
John is in a high income-tax bracket and wishes to minimize current taxes payable. He also has a sizeable current income and prefers high growth rates to significant annual cash flow from his equity investments. Which of the following dividend polices would John most likely prefer if we assume that the dividend policy has no impact on the value of the firm and that the capital gains tax rate is lower than the ordinary tax rate?
John would be indifferent to all of the dividend policies.
Which of the following would NOT be considered a cost of debt financing?
The required return on a bank loan
The required return on preferred stock
The yield-to-maturity of a bond issue
The required return on money borrowed from a venture capitalist
A03V : Principles of Accounting II
Issued stock is:
authorized shares of stock that can be sold.
stock only sold to another company.
shares sold and in stockholders’ possession.
stock sold to stockholders.
In the statement of cash flows, which event would cause net income to be increased?
A decrease in Inventory
An increase in Prepaid Insurance
A decrease in Accounts Payable
An increase in Accounts Receivable
Finished Goods Inventory appears on which of the following statements on the worksheet?
One reason a corporation might issue bonds rather than sell stock is that :
bond interest is a tax-deductible expense.
interest rates are high.
dividends will lower the amount of tax due.
bondholders have claims at liquidation.
For a corporation, bond interest :
is treated the same as dividends for tax purposes.
has no effect on earnings and therefore has no effect on income taxes.
reduces income tax by reducing earnings.
None of the above.
Dividends paid to stockholders are:
taxable to the recipient stockholder.
taxable to the corporation.
treated the same as bond interest.
None of the above.
If beginning and ending inventories are $20,000 and $30,000, respectively, and cost of goods sold is $400,000, what is the inventory turnover ratio?
Declaration of a cash dividend causes:
an increase in stockholders’ equity.
an increase in cash.
an increase in liabilities.
None of the above.
The current ratio is:
quick assets divided by current liabilities.
assets divided by liabilities.
current assets divided by current liabilities.
net sales divided by current liabilities.
When the contract rate of interest on bonds is equal to the market rate of interest, bonds sell at:
their face value.
their maturity rate.
C13V : Microeconomics
Which of the following is NOT demonstrated by a production possibility curve?
Necessity for choice due to scarcity
The market price __________ the equilibrium price.
can be higher than, but never lower than
can be lower than, but never higher than
can be higher than, or lower than
is always equal to
The poverty line is set:
by the U.S. Bureau of the Census (based on family food budgets).
at the same income level right now as it's been since 1982.
so high that over 30% of all Americans are officially poor.
by the United Nations for every country in the world.
If a monopolist has a straight-line demand curve, then its marginal revenue curve will:
As long as total utility is increasing, we know that marginal utility is:
A key reason that our gasoline prices elevated rapidly from 2006 to 2008 was:
tight global supplies and high prices.
the war in the Middle East.
greed by oil exporting countries.
In order for real wages to grow:
productivity must grow.
productivity must fall.
money wages must grow.
money wages must fall.
The substitution effect and the output effect work in the:
same direction some of the time.
same direction all of the time.
opposite direction some of the time.
opposite direction all of the time.
The law of demand holds for:
individuals, but not for markets.
markets, but not for individuals.
both individuals and for markets.
neither individuals nor for markets.
A firm will maximize its profits or minimize its loss at the output where:
the difference between price and marginal cost is at its maximum.
total cost equals total revenue.
marginal cost equals marginal revenue.
total revenue equals variable cost.
M03V : Organizational Behavior
_________ summarize the statistical relationships between variables.
Which of these involves maintaining a good attitude with coworkers, even when they have done something annoying or when the unit is going through tough times?
Which of these is defined as a psychological response to demands for which there is something at stake and coping with those demands taxes or exceeds a person's capacity or resources?
The belief that successful performance will result in some outcomes is known as:
If Sandy comes to the group meeting late and you feel that she is coming late because she has a low motivation for work, it could reflect a(n):
fundamental attribution error.
illusion of control error.
Critical, selfish, and rude are opposite traits for which dimension of the Big Five?
During which stage of team development do members realize that they need to work together to accomplish team goals and begin to cooperate, and build solidarity?
Which of the following factors is included in the time-driven model of leadership?
At ABC Manufacturing, only the top managers have the authority to make final decisions on just about everything. ABC can be described as a highly __________ structure.
ABC International recently published its vision statement. This is an example of:
basic underlying assumptions.
C12V : Business Law
Ordinances are codified laws that are issued by:
Supreme Court judges.
local government bodies.
Libel and slander constitute:
the tort of outrage.
defamation of character.
the tort of appropriation.
The fraudulent creation or alteration of a written document that affects the legal liability of another person is called:
Which of the following must a promissory note contain to make it negotiable?
Acknowledgement of debt
Implied promise to pay
Unconditional affirmative to pay
Promise to negotiate
What is the employer's advantage in offering workers' compensation?
__________ discrimination occurs when an employer discriminates against an entire protected class.
Which of the following happens when a general partner withdraws from a limited partnership?
Which of the following is true regarding FDA regulations for cosmetics?
A merger between two or more companies that compete in the same business and geographical market is known as a(n):
market extension merger.
The legal rights that an owner has to possess, use, and enjoy his or her property are known as:
estate in land.
estoppel by deed