Senior Outcomes Practice Test

In marketing research, a firm might consider using secondary data over primary data because

In organizational decision making, managers are able to exercise the greatest degree of discretion in the

The term "net working capital" refers to

Which of the following statements about the tort of negligence is true?

Which of the following statements about a systems flowchart is true?

On May 31, Company O's general ledger shows a cash balance of $5,123. The May 31 bank statement shows a balance of $4,905. Other information is available as follows: 1. A 5/31 deposit of $300 does not appear on the bank statement; but a $3 service charge does. 2. A customer's $40 insufficient funds check has been returned with the bank statement. 3. Outstanding checks of $10, $15, and $100 are identified on May 31. What is the correct cash balance on May 31?

Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is often computed by regressing the return of the company's stock against the

A project consists of 150 jobs. The expected completion time for each job is given in days. The project has three critical paths with two jobs in common, J and K. In order to finish the project one day early, the completion time should be reduced one day for

The organization of the Petroleum Exporting Countries (OPEC) reduces production by 10 percent, and the growth rate of the world economy begins to escalate. How will the simultaneous occurrence of these events affect the equilibrium price and quantity in the world petroleum market?

Which of the following would most likely occur as a result of the US government's imposing tariffs on foreign steel imports

In an economy the unemployment rate is 10 percent and the inflation rate is 1 percent. An appropriate fiscal policy in this phase of the business cycle would be to

Which of the following is an appropriate Federal Reserve action to stimulate the US economy?

If the spread between the spot and forward exchange rates of two currencies equals the interest rate difference between the two countries, this phenomenon is referred to as

A firm that would like to know whether it has enough cash to meet its bills would be most likely to use which category of financial ratio?

In a period of rising prices, which inventory valuation method would generally yield both the lowest ending inventory value and the lowest net income figure?

In the statement of cash flows, the section for cash flows from operating activities will include which of the following?

Net income: $100,00 Depreciation Expense: $10,000 Net increase in accounts receivable: $5,000 Net increase in accounts payable: $3,000. On the basis of the information provided in the table above for corporation, the corporation's net cash flow from operating activities for the current year is

All of the following are true regarding a seller's rights to reduce legal liability in the sale of non-consumer goods EXCEPT

Green desires to form a new company to manufacture lawn mowers. Green is concerned about having his personal assets exposed to liability for the new company's contracts and torts. Furthermore, he wants to retain control over the company's operations and growth for the next few years. He will need an infusion of equity capital to begin operations. He hopes to take the company public in about five years if it is advantageous to do so at the time. Which of the following types of business associations would be the best for Green's new company?

Human resource staff specialists should attempt to

A department manager telephoned two managers in other departments to discuss a cost savings idea that would benefit their departments as well as her own. Which of the following most accurately defines the communication channel that the manager was using

Based on his scientific management theory, Frederick Taylor developed what pay principle?

When a domestic firm permits a foreign company to manufacture and sell its product in exchange for a fee or royalty, the process is termed

An information system that enables all business departments in the same firm to share relevant information and data is called?

The central processing unit (CPU) in a personal computer contains the

Which of the following is NOT a component of time series data

Family branding refers to a group of

Saint Martin Hospital boasts one of the world's leading medical imaging programs. Its radiology department specializes in the early detection of particularly serious forms of stomach, intestinal, and colon cancer. The hospital plans to invest in a new system of digital medical imaging and image transmission technologies that will enable its radiologists to view and evaluate intestinal scan results from anywhere in the world. With this investment, the hospital is attempting to overcome which of the constraints of services marketing?

In a large firm, the pool of applicants for the positions of sales manager and sales associate consists of three men and three women. If each candidate has an equal chance of being selected, what is the probability that both positions will be filled by men?

Which two parts of a SWOT analysis cover political, economic, and social factors?

Money left over after paying for necessities is called

Total quality management approach to organizational performance is most successful under which control philosophy

Which approach to CSR manages ethical control by doing the minimum required by law

Which of the federal laws guarantees workers a minimum wage and overtime pay?

Many entrepreneurs choose to open their own business because they want full control of their work environment. This trait is a common cause of business failure because the small business owners

Group effectiveness is threatened by

The following type of information system serves to connect the greatest percent of departments and processes in an organization?

Design and control of formal systems for management of people is called

Considering Henri Fayol's 14 general principles of management, which is a requirement of unity of command?

Which is true of group dynamics

What was the dominant leadership style of Mother Teresa

The Hawthorne experiments in the 1920's and 1930's were used to show what

Which of the following elements of the strategic planning process are in the right order?

Which of the following is a major cultural roadblock to developing a global economy?