Lesly Lloyd

question Activity-Based Budgeting (ABB) answer A budget system based on expected activities question Budget answer A formal statement of a company’s future plans; expressed in monetary terms; short-term financial plan question Budgeted Balance Sheet answer A managerial accounting report showing predicted amounts for the company’s assets, liabilities, and equity as of the end of the […]

question Which of the following is a drawback of the utilitarian approach to business ethics? answer It omits the consideration of justice. question The CEO of Gold Chip Software engages in corruption and uses his power in the company to enrich himself and his family members. Consequently, his employees also engage in the same behavior. […]

question bangs, young – rebellious, tomboy; main characater answer Describe 2 physical traits and 2 personality traits of Scout. What role does she play in the story? question adventurous, bossy – takes part in the ventures to the Radely house answer Describe 2 personality traits of Jem. What role does he play in the story? […]

question Which of the following is NOT considered an objective to be met when designing a store? A. The design should be consistent with image and strategy. B. The design should be inexpensive. C. The design should be flexible. D. The design should recognize the needs of the disabled. E. The design should provide a […]

question Drucker’s five questions are the basis for the development of the business concept. answer false question Business concepts are developed quickly and can be funded and operational within two days. answer false question A business concept is a concise description of an opportunity that contains seven essential elements. answer false question Business models are […]

question What are the three major forms of business organizations? answer -Corporation -Parternship -Sole Proprietorship question What are the advantages of a sole proprietorship? answer -BPIOT -You’re your own BOSS. -All PROFIT is yours. -You can easily get IN or out of the business. -There are huge tax breaks involved. question What are the disadvantages […]

question In 2013, Ford Motor Company’s sales were rising. These events were caused by answer An economic expansion question During a business cycle expansion, total production ____ and total employment _____ : answer increases; increases question Macroeconomics seeks to expand: answer Economic growth, business cycles and inflation question In calculating gross domestic product, the Bureau […]

question What turns publix hickory smoked turkey pink? answer Sodium Nitrate question What does FIFO stand for? answer First In First Out question Define what the “Danger Zone” is and What Temperatures it ranges Between answer The Danger Zone is the zone of temperatures where bacteria levels grow exponentially and it ranges between 40-140 degrees […]

question When using a ____ diagram to investigate causes of a problem, an analyst first states the problem and then draws a main bone with sub-bones that represent possible causes of the problem. answer fishbone question A(n) __________ refers to a characteristic or feature that must be included in an information system in order to […]

question accounting equation answer assets = liabilities + owner’s equity question easy way to remember rules for debits and credits answer assets are on the left side of the equal sign–assets normal balance is on the left side of the T account liabilities and owners equity are on the right side of the equals sign–liabilities […]

question Columbian Exchange answer Global transfer of plants, animals, and disease during the colonization of Americas. Between the Europeans, Americans, Asians, and Africans. question Joint-stock companies answer A business in which investors pool their wealth for a common purpose, then share profits. The common purpose here (1500 and 1600) was American colonization. With this process […]

question Small businesses and entrepreneurial firms create the majority of new jobs in the US economy answer True question Most small businesses in the US are in retail trade and construction industries. answer False question Opportunity recognition is the process of identifying, selecting, and developing entrepreneurial opportunities answer True question Opportunity recognition involves two phases […]

question Agreements between two or more parties that create obligations. answer Contract question A person who makes an offer. answer Offeror question A person to whom an offer is made. answer Offeree question Proposal by an offeror to do something, provided the offeree does something in return. answer Offer question The right to withdraw an […]

question Edwin Drake oil well answer created in Titusville, Pennsylvania in 1859, first one created question capitalism answer individuals own most businesses question entrepreneurs answer people who invest money in a product or enterprise in order to make a profit question protective tariff answer taxes that would make imported goods cost more than those made […]

question Intellectual property answer Personal property that includes knowledge, ways of doing things, and expression of ideas question Trade secrets answer Specialized knowledge associated with a particular business, including information gained during employment about such matters as manufacturing processes, practices, devices, customer lists, and other confidential information question Economic espionage act of 1996 answer A […]

question An IT infrastructure provides the platform on which the firm can build its information systems answer TRUE question All of the following can be considered managerial responsibilities except: answer designing new information systems question Which of the following would NOT be considered part of the implementation phase of problem solving? answer Evaluating a selection […]

question Implied Duty of Good Faith Performance answer a. A party who does not breach any explicit provision of an agreement may nevertheless have breached the duty of good faith i. Courts have found bad faith to include “evasion of the spirit of the bargain, lack of diligence and slacking off, willful rendering of imperfect […]

question 3. Firms have no way to directly estimate the discount rate that reflects the risk of A) a publicly traded security. B) its debt securities. C) the incremental cash flows from a particular project. D) none of the above. answer c question A firm’s overall cost of capital is A) equal to its cost […]

question Characteristics of Corporations answer -Legal Entity -Rights as a person and a citizen -Creature of the state -Limited Liability -Free transfer ability of corporate shares -Perpetual existence -Centralized management -Corporate taxation – Liability for officers and employees question Legal Entity answer Under U.S. law, corporations are legal entities; in other words, they exist separately […]

question _____ is the new knowledge area identified by the Project Management Institute. a. Project stakeholder management b. Project communication management c. Project risk management d. Project procurement management answer A question _____ involves determining everyone involved in the project or affected by it, and determining the best ways to manage relationships with them. a. […]

question Despite trade restrictions, international business is Correct A. growing. B. slowing down. C. moving slowly. D. decreasing. E. struggling for survival. answer A. growing. question The United Kingdom sells industrial supplies and materials to many nations around the world. The United Kingdom thus engages in A. deficit trading. B. importing. C. exporting. D. tariffing. […]

question Bilateral contract answer A type of contract that arises when a promise is given in exchange for a return promise. question Contract answer An agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the […]