Tilly Wilkinson

question The Office of Professional Responsibility can censure, suspend, or disbar a practitioner from practice before the IRS for incompetence or disreputable conduct. What is considered disreputable conduct? answer The OPR can censure, suspend, or disbar a practitioner from practice before the IRS for incompetence or disreputable conduct, such as giving false or misleading information, […]

question Barter answer the direct exchange of one set of goods or services for another question Currency answer coins and paper bills used as money question Store of value answer something that keeps its value if it is stored rather than used question Medium of exchange answer anything that is used to determine value during […]

question A cumulative wage-price spiral which produces very rapid inflation is called: Anticipated inflation Demand-pull inflation Cost-push inflation Hyperinflation answer Hyperinflation question What is an advantage of mild inflation according to some economists? It helps to close the GDP gap It reduces the inflation premium It makes it easier for firms to adjust real wages […]

question Composers in the twentieth century drew inspiration from…. A) folk and popular music from all cultures B) European art music from the Middle Ages through the nineteenth century C) the music of Asia and Africa D) all of the above answer D) all of the above question The combination of two traditional chords sounding […]

question Who enforces the Controlled Substances Act (CSA)? answer Drug Enforcement Administration (DEA) question What are the main responsibilities of the DEA? answer 1. prevent diversion and abuse of controlled substances 2. ensure there is an adequate and uninterrupted supply of controlled substances to meet the country’s needs question Which 3 nonprescriptio products require ID, […]

question measures, analyzes, and reports financial and nonfinancial information to help managers make decisions to fulfill organizational goals. Management accounting need not be GAAP compliant. answer management accounting question focuses on reporting to external users including investors, creditors, banks, suppliers, and governmental agencies. Financial statements must be based on GAAP. answer financial accounting question are […]

question Which of the following is true for the relationship between business processes and information systems? a. A business process need not relate to any information system, but an information system relates to at least one business process. b. Information systems incorporate all business process activities, and hence should be developed before business processes. c. […]

question Code of ethics answer And organizations codified set of norms or standards of behavior that guide moral choices. about research behavior; effective codes are regulated, protect the public interest, are behavior specific, and are enforceable question Confidentiality answer a privacy guaranteed to retain validity of the research, as well as to protect participants question […]

question Business Organization answer an establishment formed to carry on commercial enterprise (company or firm) question Sole proprietorship answer A business owned and managed by a single individual question What is the most common form of business? answer Sole proprietorship question What percent of businesses are sole proprietorships? What percent of sales do they generate? […]

question The wearing away of soil by wind and water: answer Soil erosion question The layer of the atmosphere that absorbs ultraviolet light answer Ozone question A resource that can regenerate and is there before replaceable answer Renewable question A mixture of chemicals that occurs as a haze in the atmosphere answer Smog question A […]

question entrepreneurship answer accepting the risk of starting and running a business question market answer people with unsatisfied needs and wants who have both the resources and willingness to buy question business plan answer a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in […]

question annual rate of return method answer the determination of the profitability of a capital expenditure, computed by dividing expected annual net income by the average investment. question capital budgeting answer the process of making capital expenditure decisions in business question cash payback technique answer a capital budgeting technique that identifies the time period required […]

question Communication Skills Include answer Traditional abilities and new Requirements question Traditional Abilities (Communication Skills) answer Reading, listening, nonverbal skills, speaking writting question New Requirements (Communication Skills) answer Media Savvy, Good Judgements online question Good Judgements online (new requirements) answer Maintaining positive image and presence, protecting employer’s reputation. question Skills Employers Want answer Excellent oral […]

question Type of Inventories answer 1. Raw Materials (RM) and purchased parts 2. Partially completed goods (WIP) 3. Finished goods inventory (FG) 4. Replacement parts, tools, supplies 5. Goods in transit to warehouse or customer(FedEx) question What happens to production AND sales if you don’t have the inventory you need? answer can’t produce product, stop […]

question Research related to the trait approach has… A. Been around for over 100 years B. Not been a focus of researchers until recently C. Consisted of very few known models and studies. D. Been heavily influenced by other approaches. answer A. Been around for over 100 years question In a major review in 1948, […]

question Which of the following statements is correct? answer Bonds Debentures and Notes, All of the above question Under most state statutes, a corporation may: answer include in its charter a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith. question It is illegal for shareholders to transfer their stock to […]

question The government’s fiscal policy options for moving the economy out of a recession include answer increasing government spending, decreasing taxes, or both. question For a person who wants to preserve the size of government, the fiscal options for ending a recession include answer an increase in government spending. question For a person who thinks […]

question Historically, the three basic forms of business ownership in the United States have been the: answer sole proprietorship, partnership, and corporation. question A __________ maintains limited liability but offers more flexibility in terms of tax treatment than other forms of business ownership. answer limited liability company question Based on data gathered from the U.S. […]

question Contract answer a legally enforceable agreement. question Breach of contract answer failure to perform contractual obligations. question void answer there is no legal effect i.e. the contract is no longer enforceable or binding. question Unilateral contract answer or one-sided, contract, one party, known as the offeror, makes a promise in exchange for an act […]

question probable cause answer a reasonable ground for belief question defense answer a legal position taken by an accused to defeat the charges against him/her question procedural defenses answer based on problems with the way evidence is obtained or the way an accused person is arrest, questioned, tried, or punished question substantive defenses answer disprove, […]

question Which of the following is not a typical purpose of most business presentations? a. explaining b. motivating c. reporting d. persuading e. enhancing answer e. enhancing question A publisher’s presentation to a group of authors to describe how the publishing process works has the purpose of a. reporting. b. explaining. c. persuading. d. motivating. […]

question Working Capital Management answer The management of a firm’s short-term assets and liabilities question Capital Budgeting answer Process of planning and managing a firm’s long-term investments question Capital structure answer The mixture of debt and equity used by a firm to finance its operations question The primary goal of financial management: answer To maximize […]