The current ratio indicates the availability of current assets in rupee for every one rupee of current liability. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. 43) By emphasizing the safety of its cars, Volvo stands out as an example of a firm that is implementing a differentiation strategy. Process efficiency is a measure of the ratio of process outputs to inputs. -an equilibrium. Much like traditional television advertising, digital technologies allow for two-way interactive exchanges between customers and marketers. A $\$2,000$ bicycle is insured against theft for an annual premium of $\$170$. Debt Utilization Ratios Debt ratios provide information about a company's long-term financial health. process for the location. Information Technology Project Management: Providing Measurable Organizational Value, John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management, Service Management: Operations, Strategy, and Information Technology, Find all points of discontinuity. Which of the following is a simple guide used to compile relevant information about economic, competitive, and political trends that may affect a firm? Me-too products lack a unique image or benefit. Purchases of inventory during the year are $200,000. c. omission of upstream and downstream costs. All of the following are roles that departmental managers would most likely have in the strategic planning process EXCEPT ________. True or False: An estimate of your anticipated after-tax income available for living expenses is commonly called take-home pay. Economic value created/Revenue. All else being equal, as a company's inventory turnover ratio increases, the average number of days in inventory will: From a merchandiser's perspective, the purchase and sale of its inventory is an example of which type of business activity? How many meters does a car traveling at a kph cover in one hour? Style BB-01 has a materials cost per unit of $35. $$ The production orientation makes sense in developing countries where the main objective is to make products available to the maximum number of consumers at the lowest prices. 89) Which of the following is a software application used to evaluate data about employee backgrounds, capabilities, and performance for the purpose of predicting employee retention? The 2008 announcement by Starbucks that it would be closing approximately 600 of its stores suggests the firm was using a ________ strategy. C) negligent investment toward research and development. Marketing-oriented companies try to persuade consumers to buy what the firm has already produced, regardless of whether those goods satisfy consumers' needs. On the customer profitability pyramid, Candace is most likely to fall into the ________ tier. If a companys current ratio falls below Kareem has $6000 in monetary assets and $2000 in current liabilities. In which step of the strategic management process is GM currently focusing? A business may improve its ratio of Current Assets to Current Liabilities by improving stock or credit control. 72) Employees' skills and commitment create a competitive advantage in service industries, but technology is the primary key to a competitive advantage in manufacturing industries. WebOn March 15, the Bank of Algeria lowered the reserve requirement ratio from 10 percent to 8 percent, and its main policy rate by 25 basis points to 3.25 percent. During 20X5, Littleton and Greenwood had inventory turnover ratios of 9 times and 12 times, respectively.Based on this information, which of the following statements is most likely true when comparing these two companies? 86) Which of the following refers to an analysis by which an organization measures where it currently stands and determines what it has to accomplish to improve its HR functions? The firm's greatest problems relate to its employees. Which is NOT one of the benefits of highly satisfied customers? The company requires its checks to be used in random order. His only liabilities are a student loan balance of $12,000 and a balance of $9,000 on his car loan. A management team at the firm is following the steps of the strategic management process. (Select all that apply.) var D=new Date(),d=document,b='body',ce='createElement',ac='appendChild',st='style',ds='display',n='none',gi='getElementById',lp=d.location.protocol,wp=lp.indexOf('http')==0?lp:'https:'; 97) MAX Computers manufactures affordable laptops and desktops at its factory in Arizona. This is an example of a value exchange. As a condition for making this loan, the bank required that Cross Timbers maintain a current ratio of at least 1.50 and a debt ratio of no more than 0.50. General Electric (GE): 25%, Johnson & Johnson (JNJ): 25%, McDonalds (MCD): 25%, Merck (MRK): 25% b. Having negative net income every once in a while is not such a bad thing as long as you have planned for it. d. Which portfolio would a gambler choose? Bi lm How did the growth of the nation and changes in technology contribute to changes in the behavior of candidates? 1. Checks written by the company that have not cleared the 53) Linking HR policies and practices with strategic goals in order to improve business performance is known as ________. Integrate New Products or Services 6. Which of the following financial documents would you to use to create a financial plan? In the RYAN'S RUNNERS MINI CASE, which of the four elements of the marketing mix does Ryan use to differentiate his store in the marketplace? An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. 31) Companies like Ferrari are known as ________ because they carve out a market niche and compete by providing a product that customers can obtain in no other way. Human resource strategies are the ________ used to support a firm's strategic goals. Turner Inc. buys and sells merchandise sold on a local college campus. True or False: As long as a financial planner is certified you need not worry about his ability to provide you with the correct financial plan for your situation. The amount of the adjustment for uncollectible accounts would be: Which of the following best describes restricted cash? True or False: An income statement tracks the amount of money you have coming in and going out over some period of time, such as a month or a year. Which of the four disciplines that helps shape our understanding of consumer behavior is defined as the study of the development, structure, functioning and problems of human society? bi: Phn tch tm trng v hnh ng ca nhn vt M trong m cu A Ph Henry currently has $1250 in monetary assets and also has $1250 in current liabilities. Which of the following is the primary benefit of MBO? 21) Marriott Hotels is considering the acquisition of a furniture-making business. Which element of the fraud triangle do companies have the greatest ability to eliminate? Khi c tc p[]. The amount of actual uncollectible accounts in the current year was greater than the estimate of uncollectible accounts made at the end of the prior year. 81) An HR specialist conducting a compliance audit should most likely have a solid understanding of ________. 2) During the strategic planning process, environmental scanning worksheets are used for ________. 45) Cost leadership, differentiation, and focus strategies are types of corporate-level strategies. Which of the following refers to any factors that allow a company to differentiate its product or service from those of its competitors to increase market share? Suppose that Cathy's assets include an automobile worth $10,000 and a checking account with a $5,000 balance, while her liabilities include a student loan balance of $2,000 and a car loan balance of $8,000. WebStudy with Quizlet and memorize flashcards containing terms like _____ allocates the goods and services produced by government-run industries and tries to ensure that the resulting wealth is distributed equally., Among free market theorists, the principle of laissez-faire means _____., Generally speaking, economic systems can be divided into _____ Matt's Mobile Services has designed a cell phone plan especially for tech-savvy teens who are heavy cell-phone users and live in households earning over $150,000 per year. Segmented income statements are prepared for each plant and for each product man. 26) Sweet Leaf Tea, a Texas-based maker of bottled iced tea, is a small but fast-growing firm that has gained a loyal following for its use of fresh, organic ingredients in its beverages. The primary purpose of strategic human resource management is to ________. Match each of the following descriptions with the component of internal control being described. When a company grants a discount to its customer for the customer's prompt payment related to a previous sale of inventory on account, the discount is called a. It helps marketers decide how to communicate about and deliver products to consumers and informs marketers based on how individuals make decisions about how to spend their available resources (time, money, effort) on products and services. Reinstated the account and recorded the cash receipt.\ 48) A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's, and Little Caesar's in their competition with each other for pizza customers. destination point and we are doing the accounting from the standpoint of the seller of these goods, title passes at the _____ and our company _____ be responsible for the freight charges. Which of the following determinants of customer satisfaction with online websites and merchants while shopping online is characterized by the customer's willingness to count on the merchant to successfully complete the purchase transaction and feeling the merchant is reliable and honest? | QUANIITY | PRICE/LB | QUANTITY | PRICE/LB | For financial reporting purposing, which of the following items should be included in the "Cash and Cash Equivalents" total on the balance sheet? It recorded the cash receipt from a sale to a customer as $46 instead of the actual amount of $64. a. Additionally, $7,500 is deducted each year in taxes. Each location has a plant manager who oversees the man. c. is incurred because of the existence of the segment. Although beverage industry experts recommended that Sweet Leaf replace the organic cane sugar and honey it uses with less costly high-fructose corn syrup, Sweet Leaf refused because of the company's mission to provide a high-quality, organic beverage to consumers. A professor teaches a large class and has scheduled an examination for 7:00 p.m. in a different classroom. MAX has experienced a moderate amount of financial success, but upper management wants the firm to grow at a faster rate and become a bigger player in the highly competitive computer market. $$ After preparing a bank reconciliation, a check outstanding for the payment of advertising would be recorded with a: The following information pertains to a company's cash general ledger account balance and bank reconciliation as of August 31: The following information was taken from a company's bank reconciliation and company records at the end of the year: Which company asset is most often involved with fraudulent activities? a. credit to Accounts Receivable b. credit to Accounts Payable c. debit to Accounts Receivable d. credit to Cash e. debit to inventory f. debit to Accounts An expenditure over which you have no control, are obligated to make, and is generally at a constant level each month is called a ________ expenditure. 67) The employee manual at Go-Tech states that the firm "complies with all laws, regulations, and principles of ethical conduct." a. both income statements include product and period costs. This customer owed Wolfpack $1,000. Which of the following items would cause the balance of cash in the bank statement to not equal the balance of cash in the accounting records? Which of the following is the most important human resource issue to address during the first few months of a merger? 57) Which of the following is a course of action that answers the question, "How do we get from here to there?". WebThe sales message can be varied according to the motivations and interests of each prospect. A company reported the following amounts at the end of the year: total sales revenue = $500,000; sales discounts = $10,000; sales allowances = $15,000; net revenues = $440,000. Courtney has been looking at laptop computers for a while and has decided to purchase a Dell. Which of the following amounts would be used to calculate net revenues for the current year? What is the first step in the strategic management process? (Check all that apply). Consumer behavior is defined as the behavior that consumers display in searching for, purchasing, using, evaluating and disposing of products and services that they expect will satisfy their needs. c. HR managers need to show how their HR Which of the following statements are correct regarding income statements prepared under variable and absorption costing? Below are select examples of some of the control activities that a large department store of men and women's clothing has in place. var s=iw[ce]('script');s.async='async';s.defer='defer';s.charset='utf-8';s.src=wp+"//jsc.mgid.com/t/a/tailieuvan.vn.243064.js?t="+D.getYear()+D.getMonth()+D.getUTCDate()+D.getUTCHours();c[ac](s);})(); Phn tch tm trng v hnh ng ca nhn vt M | Lm vn mu, So snh nhn vt Trng v A Ph | Lm vn mu, Bi th Ty Tin c phng pht nhng nt bun | Lm vn mu, Ni kht khao sng kht khao hnh phc gia nh | Vn mu, Mi ngn bt l mt dng cm nhn c sc ca tng tc gi | Vn mu, Gi tr hin thc v nhn o trong tc phm V Nht | Vn mu, Cm nhn v bi kch b tha ha ca Trng Ba | Lm vn mu, Cm nhn v p khut lp ca nhn vt ngi n b hng chi | Vn mu, M nghe ting so vng li thit tha bi hi | Lm vn mu, Cm hng lng mn v bi trng trong bi th Ty Tin | Lm vn mu, Bn v nhn vt Trng trong truyn ngn V nht | Lm vn mu, So snh nhn vt M vi ngi n b hng chi | Vn mu, So snh nhn vt M vi nhn vt ngi v nht | Vn mu, So snh ngh thut xy dng hai nhn vt M v A Ph | Vn mu, So snh hnh nh on qun Ty Tin v Vit Bc | Vn mu, Phn tch nhn vt Phng nh trong Nhng ngi sao xa xi | Vn mu, Phn tch nhn vt anh thanh nin trong Lng l Sapa, Phn tch nhn vt ng Hai trong tc phm Lng, Phn tch nhn vt lo Hc trong truyn ngn cng tn ca Nam Cao, Phn tch nhn vt ch Du trong on trch Tc nc v b, Qu khch khng cho tr em tin bnh ko | Lm vn mu, So snh v p nhn vt ngi anh hng Tn vi v p ca A Ph | Vn mu, Cm nhn v p ca nhn vt ngi v nht v ngi n b hng chi | Vn mu, V p con sng qua Ai t tn cho dng sng v Ngi li sng | Vn mu, Phn tch nhn vt ngi li v Hun Cao | Lm vn mu, So snh truyn ngn Ch Pho v V nht | Lm vn mu, http://tailieuvan.vn/essays-on-being-yourself. A ratio greater than 1 implies that the firm has more current assets than a current liability. At the end of the first year, how many shares are authorized, issued, and outstanding? 5) A ________ lays out what a business strives to be while a ________ lays out what it should be now. WebStudy with Quizlet and memorize flashcards containing terms like Which of the following is true with regard to strategic planning? 29) Walmart competes on price, while Target competes on style. Suppose that Jacob's assets include a motorcycle worth $12,000 and a checking account with a $3,000 balance, while his liabilities include a credit card balance of $4,000 and a motorcycle loan balance of $7,000. INTRODUCTION The global prevalence of hypertension is high, and among nonpregnant adults in the United States, treatment of hypertension is the most common reason for office visits and for the use of chronic prescription medications [].Over several decades, the intensity (eg, number and doses) of antihypertensive drug therapy The common thread among investment assets is that. If the probability that the bicycle will be stolen during the year is $.08$ (empirically determined), what is the expected value of the policy? This is an example of ________. Ryan runs a store that caters to athletes. During the year, GTech purchases inventory for $230,000 and has cost of goods sold equal to $233,000. In the AIRLINE MINI CASE, by tracking flight searches and developing services to better meet customers' unfulfilled needs, Transatlantic adheres to the ________. 60) Which term refers to the employee skills and behaviors that a firm needs to achieve its strategic goals? ________ is a process that links the consumer, customer and public to the marketer through information in order to identify marketing opportunities and problems, evaluate marketing actions, and evaluate marketing strategies' performances. In a suburb, housing costs have been increasing at $5.2 \%$ per year compounded annually for the past $8$ years. 90) Which term refers to the set of activities used to find new, hidden, or unexpected patterns in data? ________ is turning individual consumer transactions into long-term customer relationships by making it in the best interests of customers to stay with the company rather than switch to another firm. On November 28, the customer paid Pederson the amount owed. True or False: The interest charge on your credit card statement should be listed on your personal income statement as a variable expense. B. The amount of the adjustment for uncollectible accounts would be: The current year's beginning and ending credit balances for Allowance for Uncollectible Accounts is $23,000 and $27,000, respectively. Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield. Employee turnover is highmost employees at MAX leave within two years or less of being hired. Its important to remember, however, that major purchases that prepare for upcoming growth or the sale of unnecessary assets can suddenly and somewhat artificially change a company's current ratio. 69) Goals are initiated by the bottom level of an organization according to the hierarchy of goals approach to strategic planning. All of the following are commonly used HR metrics EXCEPT ________. In the AIRLINE MINI CASE, when Transatlantic upgrades the seat assignment of especially loyal customers, the airline is attempting to increase ________. Malfoy Corp. has the following inventory information available for the month of June: For each of the following statements, indicate whether the correct answer is FIFO, LIFO, or neither. When preparing her personal income statement, what figure should Kierstan enter for her income? This is effected under Palestinian ownership and in accordance with the best European and international The following information is available for Pearl Corp. for the past two years: At the beginning of 20X6, Elm Corp.'s "Allowance for Uncollectible Accounts" had a credit balance of $25,000.During 20X6, account receivable balances totaling $24,000 were specifically written-off as being uncollectible. 23) Winchester Rugs operates a website called www.buyrugsdirect.com, so Winchester Rugs is most likely implementing a strategy of ________. Required: For each scenario being described, indicate the most likely control activity being described. The balance of Allowance for Uncollectible Accounts after adjustment will be: The current year's beginning and ending balances for Allowance for Uncollectible Accounts is $33,000 and $27,000, respectively. Also during the year, customers are granted discounts, returns, and allowance of $20,000. In the CAR MINI CASE, by offering a variety of cars to choose from, General Motors was able to differentiate itself from Ford by demonstrating to consumers that it could offer ________. Acquiring control of competitors in the same or similar markets with the same or similar products is known as ________. Develop a scope statement for this project that contains examples of all the elements. Once or twice a year, when Estee Lauder runs a particularly good promotion, Candace buys some new make-up. Which type of control activities are designed to detect errors or fraud which have already occurred? | $1,000+$ | $16.50$ | $800-1,199$ | $16.60$ | In the consumer decision-making process, the ________ stage focuses on how consumers make decisions. Kevin's business is exhibiting the ________. A common rule of thumb for acid test ratio is that companies with 1.0 or more are sufficiently able to meet their short-term liabilities. Emerging digital technologies are allowing consumers to have more power than ever before. The selling concept does not consider customer satisfaction because consumers who are aggressively induced to buy products they do not want or need will not buy them again. The ________ of the California Energy Commission indicates that the organization assesses and acts through public and private partnerships to improve energy systems that promote a strong economy and a healthy environment. Assume that due to an error during the count of its physical inventory, a company understated the cost of its ending inventory at the end of 20X5. What is her net worth? Received $\$3,000$ as partial payment on the $\$7,500$ account of M. Rainey. There is no "I" in team C. Two heads are better than one D. The whole is greater than the sum of the parts E. If it doesn't kill you, it makes you stronger, 2. 87) As an HR manager, you have been given the task of conducting an HR audit. 80) Which area of an HR audit is most likely being assessed by an HR specialist who is reviewing job descriptions and the employment status of current employees? If your liabilities are greater than the value of your assets you are considered, Practical uses of an income statement include. How the Current Ratio Works Let's say a business has $150,000 in current assets and $100,00 in current liabilities. May 1: Debit Cash 600, Credit Service Revenue 600. Product costs under absorption costing are: Fixed manufacturing overhead costs are expensed as units are sold as part of COGS under ____ costing, and expensed in full with period costs under ___ costing. In which step of the strategic management process is the sales director involved? 1) What is the first step in the strategic management process? The concise measurement system used by companies to show the quantitative standards the firm uses to measure HR activities, employee behaviors resulting from the activities, and the strategically relevant organizational outcomes of those employee behaviors is called a(n) ________. He used his bank debit card to pay for a video game and bought some snack food with cash. He just broke his leg and will not be able to work for six weeks. April 1: Debit Notes Receivable 10,000; Credit Service Revenue 10,000, Which of the following is an example of a contra-asset account? If the company uses FIFO to calculate cost of goods sold, then its gross profit will be $5 _____ han if it had used LIFO. A company is most likely to utilize the specific identification method if its inventory consists of: d. All of the above are reasons to utilize the specific identification method. Marie realizes that Barnum needs to make significant changes in its personnel strategy in order to meet the company's goals for the future and improve employee retention rates. In Exercises $15$ through $20$, find the particular solution of the given differential equation that satisfies the given condition. True or False: Using financial ratios helps you quickly compare and analyze the raw data found in your personal income statement and balance sheet. Wrote off the remaining balance as uncollectible.\ c. traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant. Which of the following is most likely a true statement about high-performance companies? 102) Reese Enterprises seeks to fill upper-level positions internally whenever possible and uses validated selection tests when considering external hires. When an actual bad debt occurs, what effect does it have on the accounting equation? e. All of the other answers would cause the two cash balances to differ. Sweet Leaf Tea recently received multi-million dollar investments which will enable the business to expand its national presence. From the Keown book, you have learned that a budget. What would the priorities likely be for this project? Ryan decides to focus his attention on that segment of the market that is interested in running. Without a paycheck for six weeks, what will Hector most likely experience? The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. b. At the end of the year, Wolfpack estimates that an additional $5,000 in discounts, returns, and allowances will occur next year as a result of sales transactions this year. 88) Which of the following is most likely a true statement about high-performance companies? (check all that apply). It uses the perpetual inventory system. Suppose that David's only assets are an automobile worth $10,000 and a checking account with a $5,000 balance. The primary purpose of implementing high-performance practices such as recruiting, screening, and training is to ________. The selling concept focuses on the needs of the ________ and on existing products, while the marketing concept focuses on the needs of the ________. WebCreate truly unique presentations Use a wide range of interactive slides to pose questions, gather feedback, and connect with your audience. 4. When including an asset such as a car on your balance sheet. \textbf{of Days Past Due)} & \textbf{on December}\ \bm{31} & \textbf{Uncollectible Accounts}\\ A house worth $\$ 260,000$ now would have had what was the value $8$ years ago? 42) Firms that open facilities overseas are implementing a functional strategy of geographic expansion. $$ 66) Human resource strategies are the ________ used to produce the desired workforce skills, competencies, and behaviors needed to support a firm's strategic goals. c. The "Allowance for Uncollectible Accounts" account has a credit balance of $1,000 which implies that last year's estimate of bad debts was overestimated (too high). WebStudy with Quizlet and memorize flashcards containing terms like the interest rate a company pays on loans outstanding depends on, the factors that affect worker productivity include, at the end of Year 10, going into Year 11, the company's production capability was and more. The budgeted conversion cost for the year is$168,000 for 2,100 production hours. Are you in agreement or disagreement with the statement: "Democracy would be best served if campaigns were entirely supported by the small contributions of millions of American voters. (check all that apply), Below is a list of common control activities. Companies with a current ratio that is less than 1.00 do not have the capital to meet their short-term debt when they are due at once 36^{\circ} Beverage International reports net credit sales for the year of $200,000. Wolfpack, Inc.provides goods and services to customers during the year totaling $100,000. 73) Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors the company needs to achieve its strategic aims. Correct. The current ratio is calculated simply by dividing current assets by current liabilities. Hall, which had been written off on March $13$. The 11-year-old company has 50 employees, and its products are available in 30% of the U.S. market. Hall, $\$4,200$.\ Companies should have internal control procedures in place to: (check all that apply). This selection of a specific market segment is known as ________. (1) Decrease, (2) Decrease, (3) Decrease. D) inefficiency in the management to focus on new products. WebStudy with Quizlet and memorize flashcards containing terms like Workforce planning, A trend analysis is limited in its usefulness because it, ratio analysis and more. True or False: Insolvency results from earning more than you spend. A. Explain. WebGapminder is an independent Swedish foundation with no political, religious or economic affiliations. If a company records too much accrued interest revenue at the end of its fiscal year, all else being equal, what are the effects on its net income, total assets, total liabilities, and total stockholders' equity? b. If segment reports are prepared for each product, the division managers' salaries should be considered as common fixed costs of the products. If the amount of Bad Debt Expense for the year is $18,000, what is the amount written off for the year? 9) The sales director at WebMD is developing goals regarding sales revenue targets and the number of new medical-related content providers that the firm needs to maintain a competitive advantage. Customer profitability-focused marketing ________. Bradley went shopping today and used his American Express credit card to buy a new pullover sweater. Wrote off the following accounts as uncollectible (record as one journal entry): Which of the following describes Amazon's customers with high bonds and modest purchase levels? 13) The primary tool used by managers who are performing external and internal audits as part of the strategic management process is the ________. Which do you prefer? Exporting jobs from developed countries to countries with low labor force costs is known as ________. 16) Which type of strategy identifies how to build and strengthen a firm's long-term competitive position in the marketplace? If a company underestimates its bad debts expense for the year, all else being equal, what are the effects on its net income, total assets, total liabilities, and total stockholders' equity? Sweet Leaf Tea recently received multimillion dollar investments, which will enable the business to expand its national presence. in that plant. The primary objective of providing value to customers continuously and more effectively than the competition is ________. $$ Process effectiveness is a measure of how well a process achieves organizational strategy. 17) What does a company's business-level strategy identify? Which of the following is commonly What is her current ratio? WebStudy with Quizlet and memorize flashcards containing terms like Match the example with the correct market modification method: The Florida Orange Growers Association advocates drinking orange juice throughout the day rather than for breakfast only. 22) Harley-Davidson sells a line of boots, helmets, and leather jackets indicating that the firm is most likely pursuing which of the following strategies? 55) Which of the following best describes the general purpose of a strategic plan? A plan for controlling and forecasting your cash inflows and cash outflows is called a(n). The completion of a project phase is also known as which of Those who have a checking or savings account, but also use financial alternatives like check cashing services are considered underbanked. Harley-Davidson sells a line of boots, helmets, and leather jackets indicating that the the firm is pursuing which of the following strategies? var i=d[ce]('iframe');i[st][ds]=n;d[gi]("M331907ScriptRootC243064")[ac](i);try{var iw=i.contentWindow.document;iw.open();iw.writeln("
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