Maxim Beck

question In addition to correcting substandard work, employees have an ethical obligation to __________ whatever led to the quality problem as well. A. prevent B. offset C. report D. standardize E. redesign answer c question When an organization comes to the realization that there are quality problems in products that are already in service, ethical […]

question Overrun is the additional percentage amount by which estimates exceed actual costs. answer False question The primary output of the planning cost management process is a change request. answer False question IT project managers must be able to present and discuss project information both in financial and technical terms. answer True question Project managers […]

question Business Intelligence answer A broad category of applications, technologies, and processes for gathering, storing, accessing, and analyzing data to help business users make better decisions. question Decisions answer Refers to choices among two or more alternatives that individuals and groups make. question Intelligence, design, and choice answer Three major phases of decisions are: question […]

question Which of the following is true about partnership? answer It is a voluntary association between two or more persons who co-own a business for profit. question Under which of the following forms of business organization do partners equally divide the profits and management responsibilities and share unlimited personal liability for the debts? answer General […]

question Club system answer -England – birthplace of modern sport and sport management – 18th century – sport clubs were formed with limited membership -Politically and economically powerful – Primarily social clubs that organized an annual competition – 19th century – evolution continued with club standardizing of rules, settling disputes, and organizing schedules question England […]

question 1. At the level of middle management, the database must be able to ____. answer -Deliver the data necessary for tactical decisions and planning -Monitor and control the allocation and use of company resources and evaluate the performance of the various departments -Provide a framework for defining and enforcing and ensuring the security and […]

question _____ is not just selling and advertising; it is a systematic approach to satisfying consumer through creating, distributing, pricing, and promoting goods, services, and ideas. answer Marketing question Buying behavior refers to the decision processes and actions of people who purchase and use products. answer True question The ______ is the basic philosophy that […]

question When is a physical inventory usually taken? answer Both B and C -When goods are not being sold or received. -At the end of the company’s fiscal year. question Which of the following should not be included in the physical inventory of a company? answer A.Goods held on consignment from another company question As […]

question Every person has the _____ and _____ to pursue a career as an entrepreneur answer potential; free choice question Sources of information available to entrepreneurs include answer journals question Entrepreneurs answer are driven by intense commitment and perseverance question Which source of information about entrepreneurial characteristics is direct observation answer biographies and entrepreneurs question […]

question All of the following are effective stress-managment tools EXCEPT? answer Getting all your work done as quickly as possible. question To maintain you physical health you should do all of the following EXCPET? answer Eat foods high in sugar and carbohydrates. question Students often struggle when trying to eat healthfully due to busy schedules […]

question people who assume the risk of business ownership. answer entrepreneurs question the most significant disadvantage of owning a franchise is_____. answer startup costs question examples of businesses started from scratch answer Dell computer, Wal-mart, Microsoft question the leading type of business in the United states. answer sole proprietorships question the owners of a corporation […]

question Business Ethics answer Ethics in a business context; a consensus of what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting. question Categorical Imperative answer A concept developed by the philosopher Immanuel Kant as an ethical guideline for behavior. […]

question Which of the following statements is correct? answer The caring culture exhibits high concern for people but minimal concern for performance issues. question Which is NOT a characteristic of culture? answer Culture can be changed easily and quickly. question A _____ organizational structure is best for organizations in which processes are routine and the […]

question sole proprietorships answer a business owned by one person question partnerships answer a business owned by two or more people who share its risks and rewards question corporations answer a company that is registered by a state and operate apart from its owners question Give 3 advantages of sole proprietorships answer -easy to do […]

question romantic and external control answer The text addresses two perspectives of leadership as well as their implications. These two perspective are question romantic answer A CEO made a lot of mistakes such as committing errors in assessing the market and competitive conditions and improperly redesigning the organization into numerous business units. Such errors led […]

question chart of accounts (87) answer A list of all accounts used by a business. question compound entry (93) answer A general journal entry that affects more than two accounts. question correcting entry (104) answer An entry to correct that an incorrect entry that has been journalized by posted to the wrong account. question cross-reference […]

question Select the most accurate statement about proposals. answer Proposals are legal contracts. question Proposals are answer all of these choices question which of the following components is typically included in a formal proposal but is optional in an informal proposal? answer table of contents question The introduction to a proposal typically answer highlights the […]

question TERMINOLOGY answer … question alpha glucosidase inhibitor answer type of oral anti diabetic agent that delays the absorption of carbohydrates in the intestines question beta cell answer type of cell in the pancreas that secretes insulin question diabetes insipidus answer disorder of the posterior pituitary gland that causes excessive thirst and excretion of large […]

question Marbury v. Madison (1803) answer Under Chief Justice John Marshall, the Supreme Court of the United States held that ONLY the Supreme Court of the United States has the power to declare laws unconstitutional. Established judicial review. question McCulloch v. Maryland (1819) answer Landmark case established supremacy of US government over the state government. […]

question Service Company reporting income answer Revenues – expenses = net income question Merchandiser company reporting income answer Net sales – cost of goods sold = gross profit Gross profit – expenses = net income question Merchandise inventory answer A merchandiser’s balance sheet includes a current asset called merchandise inventory which is not on the […]

question The assets of a company total $700,000; the liabilities, $200,000. What are the total claims of the owners? answer $500,000 question If net income for the period was $134,250, dividends distributed were $76,530 and Ending Retained Earnings was $862,520, what was the Beginning Retained Earnings for the period? answer $804,800 question Decreases in retained […]

question Which of the following statements about a periodic inventory system is true? answer Companies determine cost of goods sold only at the end of the accounting period question Which of the following items does not result in an adjustment in the Inventory account under a perpetual system? answer Payment of freight costs for goods […]