Elizabeth Mcdonald

question The chance of loss associated with marketing decisions. answer : Risk question A service that allows users to “like” a company’s profile and thereby interact and build a relationship with the firm answer : Facebook question A factor that has sparked the rise of consumer-generated information is answer : the consumers’ tendency to trust […]

question business cycles. answer Recurring upswings and downswings in an economy’s real GDP over time are called question recession. answer The phase of the business cycle in which real GDP declines is called a question trough. answer The phase of the business cycle in which real GDP is at a minimum is called the question […]

question Economic decisions involve doing what with resources to produce goods and services for people to produce? answer Allocating question Economics is about the production of goods and services, which requires the allocation of what? answer Resources question In an economic system, decisions need to be made about producing resources and which of the following? […]

question The federal government issues a company’s certificate of incorporation: answer false question What is a certificate of incorporation?: answer A license to form a corporation issued by the state government question If you buy stocks, you own part of a corporation.: answer true question Privately held corporations are also closely held corporations.: answer true […]

question project answer A temporary activity a company undertakes to create a unique product, service, or result question metrics answer Measurements that evaluate results to determine whether a project is meeting its goals question Critical Success Factors (CSF) answer Crucial for business strategy’s success (steps to achieve goals and objectives question Key Performance Indicators (KPI) […]

question systems analysts design computer systems to be used within their companies. answer T question The external hardware components are located inside the main box or system unit of the computer. answer F question Despite efforts, the risk of prosecution, and the risk of accidentally downloading spyware, a computer virus, or a corrupted file when […]

question The 3 steps of the writing process answer 1. planning business message 2. writing business message 3. completing business message question Effective vs. Efficient answer Effective – meeting audiences needs and getting your point across Efficient – making the best use of your time and your audiences time question % time of each task […]

question Place the following members of the data hierarchy in their correct order answer d) Bit – byte – field – record – file – database question In the data hierarchy, the smallest element is the _____ answer Bit question A(n) _____ is a logical grouping of characters into a word, a small group of […]

question If it is probable that the judgment of a reasonable person will be changed or influenced by the omission or misstatement of information, then that information is, by definition of FASB Statement No. 2: A) material B) insignificant C) significant D) relevant answer A) material question Auditors are responsible for determining whether financial statements […]

question Revising Tips answer -Eliminate flabby expressions -Limit long lead-ins (unnecessary introductory words) -Drop unnecessary opening fillers -Replace redundancies (expressions that repeat meaning or include unnecessary words) -Purge empty words -Keep it simple by avoiding indirect, pompous language -Dump trite “business” phrases (worn-out expressions) -Drop cliches -Drop Slang -Unbury verbs that are needlessly converted to […]

question why in microeconomics can we measure production in terms of quantity, but in macroeconomics we measure production in terms of market value? answer if, in macroeconomics, we measured production using quantities, we would add tons of wheat grown by US farmers to the number of iPods produced by Apple, etc when we measure total […]

question Statements that are true: answer -Assets are increased by debits -Liabilities are decreased by debits -Revenues are increased by credits question Trial balance answer Trial balance can verify the equality of debits and credits, lists all the accounts with their current balances, and can be taken at any time. question Which of the following […]

question Project Management answer provides people with a powerful set of tools that improves their ability to plan, implement, and manage activities to accomplish specific organizational objectives. question Project Manager (v. Program Manager) answer easier to monitor their success, spans team unit and organization boundaries, not always in the hierarchy,manages more than just people question […]

question Why does inventory represent one of the more complex parts of the audit? answer … question How does the inventory management process relate to the revenue, purchasing, and payroll process? answer … question Production Schedule answer Is used to determine the quantity of goods needed and the time at which they are required to […]

question Rule 3, Rule 8(a), Rule 9 answer Complaint question Rule 4 answer Summons question Rule 12(b) answer Preliminary Motions; A complaint in federal court can be dismissed involuntarily under this rule. question Rule 8, Rule 12(a) answer Answer question Rule 7(a) answer Reply to Counterclaim question Rule 12(c) answer Motion for Judgment on the […]

question Advantages and disadvantages sole proprietorship answer advantage: own hours. Own boss. Own salary. Easy to start and easy to end. You take out a loan personally (like the business doesn’t take out a loan you yourself do), no special taxes. Disadvantage: if you loose all your money, its on you (unlimited liability). 24/7. difficult […]

question What tactic do sport marketers use to increase consumption of their product (actual purchases or viewership)? Examples of this tactic include offering product samples, reducing prices on tickets (e.g., a fan four pack that includes ticket, drink, and hot dog), arranging player appearances, and offering clinics. answer merchandising question Which of the following represents […]

question Google is an established firm that encourages and emphasizes entrepreneurial behavior throughout its various divisions. According the the textbook, Google practices ______ entrepreneurship. answer corporate question According to the textbook, the number one reason that people become entrepreneurs is to: answer be their own boss question According to the textbook, entrepreneurs are ______ risk […]

question Rick James is paid $18.00 an hour as a pastry chef for a regular 35-hour week. His overtime rate is 1.5 times his regular hourly rate. This week he worked his regular 35 hours plus 8 hours of overtime. What is his overtime pay? (Hint: This is not total pay for the week.) answer […]

question What is the definition of a court? answer Is an partial tribunal established by government to hear and decide matter brought before it and provide remedies when wrongs are committed. question What relief is sought in a court of law? answer money and punishment question What relief is sought in a court of equity? […]

question Morals answer A person’s personal philosophies about what is right or wrong question Business Ethics answer Comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business question Principles answer Specific and pervasive boundaries for behavior that should […]

question An early decision support framework divides decision situations into… answer nine categories, depending on the degree of structuredness and managerial activities. Each category is supported differently. question Decision support systems can be referred to… answer DSS question Structured repetitive decisions are supported by … answer standard quantitative analysis methods, such as MS, MIS, and […]