Thomas Owen

question money management answer day-to-day financial activites necessary to get the most from one’s money. question safe-deposit box answer a small, secure storage compartment that can be rented in a bank. question personal financial statement answer a statement that gives information about current financial position and presents a summary of income and spending. question personal […]

question Short Term Solvency (Liquidity Ratios) answer They measure the ability of a firm to convert assets into cash. These ratios are suppose to gauge the ability of a firm to pay its bills as they come due. The primary concern is the firm’s ability to pay its bills over the short run without undue […]

question To work effectively in a team, employees: answer should set cleat goals for the team question during a brainstorming session: answer explanations and combinations of ideas are encouraged question to help bring about change in your personality answer be honest with yourself about your behavior and beliefs question an organization’s communications network that is […]

question GDP may be defined as answer Monetary value of all final domestic goods and services produced within a nation in a given year question The term final goods and services refers to answer Goods and services purchased by ultimate users as opposed to resell or further processing question If intermediate goods and services were […]

question Why does the fed have a higher degree in political independence? answer The governors are appointed life terms question Why did Congress Pass the Federal Reserve act of 1913? answer To create a Federal Reserve System and to keep a “Great Depression” From happening question Which banks are required to become members of the […]

question What is the typical relationship between interest rates on 6-month Treasury bills, 10-year Treasury notes, and Baa corporate bonds? answer They tend to move together over time with the corporate bond having the highest rate of interest question What function do financial intermediaries perform? answer They provide a channel for linking those who want […]

question Business Combinations answer Separate organizations tied together through common control under common management are combined into a single entity. question Reasons Firms Combine answer Vertical integration Cost savings Quick entry into new markets Economies of scale More attractive financing opportunities Diversification of business risk Business Expansion Increasingly competitive environment Expansion through Corporate Takeovers question […]

question abacus answer A manual counting device that people used to add, subtract, multiply, and divide by moving beads along parallel rods. question algorithm answer In software programs, a step-by-step procedure that programmers use in coding instructions for solving specific problems using programming languages and program development tools. question all-in-one desktop answer A desktop computer […]

question Alphabetic Check answer In a database, confirms that only textual characters are entered in a field question Artificial Intelligence answer Branch of computer science that deals with the attempt to create computers that think like humans question Batch Processing answer The accumulation of transaction data until a certain point is reached, at which time […]

question A political party is answer an organization that consists of individuals interested in controlling government by winning elections. question A general election is held in answer November of even-numbered years. question In Texas, a candidate may only win an office in a general election if he/she receives answer a plurality of the vote. question […]

question Partnership answer an ordinary partnership may be organized easily and cheaply, whereas a corporation must be organized in accordance with specific statutory procedures and must have sufficient capitalization. A partnership generally is burdened less than a corporation by government supervision and reporting requirements. The owners have unlimited liability, similar to a sole proprietorship owner. […]

question Are defined as alternating increases and decreases in economic activity. answer Business Cycles question What are the four phases of the business cycle are answer 1) the peak 2) followed by a recession 3) leading to the trough or bottom of the cycle 4) finally followed by a recovery or an expansion to another […]

question A corporation has perpetual existence unless otherwise stated in its articles of incorporation. answer T question A corporation owned by one person is treated under the law as separate from that person. answer T question Once a shareholder sells the stock of the corporation, since the ownership of the corporation changes, a new corporation […]

question Definition of Accounting answer In an information system that measures, processes and communicates financial information about a company to users. question Purpose of Accounting answer -To provide useful information to users when making economic decisions -Accounting is the language of business question Primary users of accounting information answer -Creditors (bankers) present and potential -investors […]

question Citicorp, Sony, and Ford are attempting to make a transition to which type of business organizational structure? domestic exporter multinational transnational franchiser answer transnational question Which of the following restricts the flow of personal information to countries that do not meet strict European information laws on personal information? Free Trade Agreement European Union Data […]

question how many members they represent answer Which of the following are lobbyists not required by federal law to disclose? question interest group makes a contribution to a not-for-profit group which, in turn, provides laundered campaign funds to politicians. answer Money swapping occurs when a(n) question It is necessary to limit the extent of the […]

question The prosecution in a criminal case need only establish by a preponderance of the evidence that the defendant committed the crime. answer F question At a criminal trial, the burden of proof is on an accused person to prove his or her innocence. answer F question Only public officials prosecute criminal defendants. answer T […]

question Which is not one of the three forms of business organization? answer Creditorship. question Which is an advantage of corporations relative to partnerships and sole proprietorships? answer Reduced legal liability for investors. question Easy transfer of ownership is a characteristic of which form of business organization? answer Corporation. question In which forms of business […]

question According to Brooks’ Law, adding more people to a system development project will ________. A) lower the total project cost B) speed up the project C) delay the project’s completion D) require less coordination answer C question Adding more people to a delayed systems development project will further delay the project because ________. A) […]

question ____ refers to a firm’s shared values, beliefs, traditions, philosophies, rules, and role models for behavior. answer Organizational Culture question ____ is the division of labor into small, specific tasks and the assignment of employees to do a single task. answer Specialization question Which of the following is a disadvantage of job specialization? answer […]

question Capacity answer the legal ability to enter into a contract question Rebuttable Presumption answer the assumption that another person has the capacity to contract question Doctors answer are the ones to determine if someone is mentally imparied question Age of Majority answer 18 in most states question Emancipated Minor answer one who is no […]

question Ethical Absolutism answer The position that moral right and wrong are objective matters, not personal subjective matters, which can be determined through the application of reason question Ethical Absolutism answer The position that there are eternal, universally applicable moral principles. question Ethical Relativism answer The position that there are no universally applicable moral principles, […]