Millie Miller

question The most effective form of business organization for raising capital/artificial person answer Corporation question Advantages of Corporation answer 1. limited liability (limited to amt paid) 2. Ease of raising capital * 3. Ease of transfer ownership 4. Perpetual life 5. Specialized management question Disadvantages of Corporation answer 1. Difficult to form 2. Gov. regulations […]

question business analysis planning and monitoring answer Defines the tasks associated with the planning and monitoring of business analysis activities, including: identifying stakeholders defining roles and responsibilities of stakeholders in the business analysis effort developing estimates for business analysis tasks planning how the business analyst will communicate with stakeholders planning how requirements will be approached, […]

question Which of the following involves having the knowledge and understanding of computers, mobile devices, the Internet, and related technologies? answer Digital Literacy question Which of the following terms is an alternate term for the kind of computer shown in the accompanying figure? answer Notebook Computer question In which gesture do you quickly touch and […]

question “A shortage of qualified personnel is one of the main reason that companies outsource. A project may require experts in a particular field for several months and planning for this procurement ensures that the needed services will be available for the project.” Which of the following benefits does this characteristic of outsourcing provide an […]

question tools gather information from sources such as e-mails, text messages, and tweets and make the information instantly and publicly available for use in emergencies. answer Crisis-mapping question ________ tools enable groups of people to connect and exchange ideas. answer Social networking question The gap between those who have easy access to the Internet and […]

question The insurance industry is among the world’s largest businesses answer Which statement is correct regarding the insurance industry question civil law answer most legal issues of private health insurance claims fall under question when the physician accepts the patient and agrees to treat the patient answer when does the physician/patient contract begin question implied […]

question A short-term lender examines a firm’s _____ to assess its ability to repay a loan quickly with cash generated from sales answer Cash Flow question Accounting refers to the process of________ answer recording, measuring, and interpreting financial information question An income statement shows: answer an organization’s profitability over a period of time question Double-entry […]

question Four things that make up business process modelling answer Activities, Resources, Facilities, Data Flows question Process Modeling Symbols answer Rectangle – activity Diamond – Decision point Vertical rectangle – data Line with arrow – data flow question SDLC Phases answer 1. Planning 2. Analysis 3. Design 4. Implementation 5. Maintenance question System Conversion Strategies […]

question Crime answer wrong against society set forth in a statue and punishable by a fine and/or imprisonment and/or death question Beyond a Reasonable Doubt answer the government must prove beyond reasonable doubt that the defendant has committed every essential element of the offense with which she or he is charged question Felonies answer are […]

question Family answer a social institution found in all societies that unites people in cooperative groups to care for one another, including children question Kinship answer a social bond based on common ancestry, marriage, or adoption question Fictional kinship of need answer ?? question The nuclear family answer a family composed of one or two […]

question A principal has the right to control an agent’s conduct in matters entrusted to the agent. answer T question Through agents, a principal can conduct multiple business operations simultaneously. answer T question In a principal-agent relationship, the parties agree that the principal will act on behalf and instead of the agent in negotiating and […]

question Long run trend of US answer Up sloping; yet interrupted by periods of economic instability question Business cycles answer -Alternating rises and declines in the level of economic activity, sometimes over several years -Individual cycles vary substantially in duration and intensity -Are not regular more fluctuations than cycles question Peak answer -Phase of business […]

question An economy is both a social and a financial system. answer True question A surprisingly small number of key variables have a significant impact on the performance of the economy. answer False question Microeconomics is the study of broad, economy-wide issues such as the unemployment rate, gross domestic product, and inflation. answer False question […]

question Which business constituents analyze their competitive environments and plan, organize, direct, and control the operations of their organizations? answer managers. question Which description defines the planning function of the management process? answer determining what an organization needs to do and how best to get it done. question Hewlett-Packard decides to move toward a more […]

question 1) The purpose of a database is to ________. A) use special technology to monitor a single theme B) design, write, test, troubleshoot, and maintain the source code of computer programs C) use a logical data model of information to describe and build architectures D) keep track of things that involve more than one […]

question Tort law provides remedies for acts that cause personal injury but not for acts that interfere with physical security. answer F question The goal of tort law is to put a defendant in the position that he or she would have been in had the tort occurred to the defendant. answer F question Occasionally, […]

question Capitalism answer a system of economic production based on the private ownership of property and the contractual exchange of profit of goods, labor, and money question First Bank of the United States answer Chartered in 1791 by the Federalists in Congress and was founded by Alexander Hamilton to make commercial loans and issue notes […]

question E. None of the above is true. answer The Plan B drug is A. a new generic drug alternative to Viagra. B. a suicide pill available only in Holland. C. a steroid implicated in the major league baseball scandal. D. a slang term for a stronger version of rohypnol recently appearing in American clubs. […]

question Growth in the complexity of the U.S. business environment A. Has had no particular impact on the organizational structures or the way in which companies are managed. B. Has encouraged companies to reduce the number of operating divisions and product lines so they may better control those they retain. C. Has led to increased […]

question Consistency Principle answer A business should use the same accounting methods and procedures from period to period question Disclosure Principle answer A business’s financial statements must report enough information for outsiders to make knowledge decisions about the company question Materiality Concept answer A company must perform strictly proper accounting only for items that are […]

question Which one of the following is a major disadvantage of a corporation? Entry field with correct answer Limited liability of stockholders Transferable ownership rights Limited life Additional taxes answer Additional taxes question Which of the following is not a characteristic of a corporation? Entry field with correct answer Unlimited liability for stockholders Separate legal […]

question Which of the following directly follows from the organizations mission answer strategic goals question the mission statement should include all EXCEPT which of the following answer Tactics question You have decided to go into business for yourself. on your loan application you state that you intend to open a flower shop in the Village […]