Patrick Turner

question ________ is money that an organization brings in through the sale of its goods and services. answer Revenue is the money a company brings in through the sale of goods and services. question A/an ________ is a framework of how a business intends to generate revenue. answer business model Business model – A company’s […]

question A contract entered into by a minor is voidable at the option of either of the contracting parties. answer False question A person who has been determined by a court to be mentally competent cannot form a legally binding contract with another party. answer False question For business purposes, an adult may petition a […]

question The rule of 70 answer is a mathematical formula that is used to calculate the number of years it takes real GDP per capita or any other variable to double question The two key factors that cause labor productivity to increase over time are answer the quantity of capital per hour worked and the […]

question Which prototype includes only some, but not all, of the components of the final system? answer selected features prototype question Which kind of prototyping is most similar to what engineers call “bread boarding”? answer patched-up prototype question A patched-up prototype is likely to be: answer inefficient. question Which of these is a potential disadvantage […]

question The corporate officer generally responsible for tasks related to tax management, cost accounting, financial accounting, and data processing is the: answer Corporate Controller. question The corporate officer generally responsible for tasks related to cash and credit management, financial planning, and capital expenditures is the: answer Corporate Treasurer. question The process of planning and managing […]

question Which of the following consists of electronic components that store instructions waiting to be executed and data needed by those instructions? answer Memory question Which of the following conveys meaning and is useful to users answer Information question Which of the following is a collection of unprocessed items, which can include text, numbers, images, […]

question Business Model answer a business model describes the rationale of how an organization creates, delivers, and captures value question Four main areas of business answer customers, offer, infrastructure, and financial viability question 9 building blocks answer customer segments value propositions channels customer relationships revenue streams key resources key activities question customer segments answer an […]

question the process of bringing, maintaining and defending a lawsuit is called litigation answer true question a plaintiff must file an answer to the defendant’s complaint answer false question a defendant who fails to answer the complaint will have a default judgment entered against him or her answer true question in a cross-complaint, the defendant […]

question Moral Philosophy answer The specific principles or values people use to decide right from wrong. – Person-specific – Guidelines for determining how to settle conflicts and optimize mutual benefit – Provide direction in formulating strategies and resolving ethical issues *No single moral philosophy is accepted by everyone question Adam Smith answer The father of […]

question Which of the following statements is(are) correct about stakeholders power? answer All of the above question Which of the following examples best illustrate the boundary exchanges a company would encounter according to the general systems theory? answer All of the above question What stakeholder group can exercise legal power? answer All of the above […]

question Working capital management is relatively unimportant for the small business. answer False question Liquidating current assets are really fixed assets since they have lives greater than one year. answer False question One of the big benefits of implementing supply chain management, is a reduction in inventory on hand. answer True question The cash budget […]

question ______________ is an authorization method in which access to resources is decided by the user’s formal status. a. Knowledge b. Decentralized access control c. Authority-level policy d. Physically constrained user interface answer c. Authority-level policy question ____________ is the process of managing changes to computer/device configuration or application software. a. Sprint b. Change control […]

question Regina runs into her supervisor in the hallway and updates him on a current project. Such an encounter is a type of oral briefing. answer True question To be effective as a presenter, you must spend time learning about the audience. answer True question Sierra is planning a presentation on teamwork. An important part […]

question Business Cycle answer Regular changes in economic activity, going up and down in a series of highs and lows. question Countercyclical Behavior answer Counter mean “against” A cycle is a series of actions that are repeated. question Deficit answer The amount of money by which a government spends more than its income. question Economic […]

question Accounting and Finance is a primary activity in the value chain answer False question Accounting Information Systems at this date are all computerized answer false question Business value includes all those items, events and interactions that determine the financial health and well being of the firm answer true question The certified information technology professional […]

question administrative expenses answer Costs related to the management of a business question base year answer a year or period that is used for comparison in financial statement analysis question capital stock answer the account that represents the total amount of investment in the corporation by its stockholders question comparability answer the accounting principle that […]

question Time Period Assumption answer Accountants divide the economic life of a business into artificial time periods: month, a quarter, or a year question Fiscal Year answer Accounting time period that is one year in length. question Calendar Year answer January 1 to December 31 question The time period assumption states that: A: revenue should […]

question The process of walking around an office building with an 802.11 signal detector is known as what? answer War Driving question Your company security policy states that wireless networks are not to be used because of the potential security risk they present to your network. One day you find that an employee has connected […]

question You have a stand-alone computer running Windows 7 Professional. You notice that the Aero features are not displayed. The computer has a 19 inch CRT screen that supports refresh rates up to 65 Hertz and a video card with 64 MB RAM. You need to use the Aero features. What should you do? answer […]

question after love canal was abandoned it was sold and used for answer an elementary school and housing project question what law was implemented in reaction to love canal? answer superfund question the love canal incident demonstrates that answer preventing pollution is safer and cheaper than cleaning it up question which of the following does […]

question spurn answer reject or refused with scorn question chasm answer marked division, separation, or difference question deprivation answer state of having something taken away question inalienable answer impossible to give up or take away question amnesty answer pardon for past offenses question How is Mandela like MLK? answer like MLK because he fought for […]

question A 70-year-old resident of a long-term care facility has experienced increasing pain, swelling, and redness to her lower leg over the past 12 hours, prompting the care providers at the facility to have the woman brought to the local emergency department. Diagnostic testing has confirmed deep vein thrombosis (DVT) and an IV infusion of […]