Tommy Mason

question flow of inventory through a manufacturing system answer raw materials, work in process, finished goods, cost of goods sold question Bill of Materials answer A list of all of the raw materials needed to manufacture a job question Billing Rate answer The labor rate charged to the customer, which includes both cost and profit […]

question Activity-based budgeting (ABB) answer is most often found in cost accounting. Managers prepare budgets and spending propositions based on past production activities. In other words, management examines the costs of performing certain activities, like bending a fender for a car, to budget the overall costs of producing a product. question Budget answer is a […]

question 2015 crises answer – VW emissions scandal – Paris Attacks – Refugee crisis – Brazil’s economic, drought, and governmental crises – Social Media and general candidates – Takata air bag recalls question 2014 crises answer – Parliament Hill Shooter – Rob Ford – Jian Ghomeshi – Missing and Murdered Aboriginal Women – Moncton RCMP […]

question data stored on electronic media that can be readily accessed or changed. answer electronic record question a digital or photographic representation of a record on any medium such as microfilm or optical disk. answer image record question a variety of magnetically coated materials used for computers for data storage; e.g. hard disk, magnetic tape, […]

question Which of the following can be defined a threat according to the five forces model? answer Correct Only a few large customers are available to buy an industry’s output question According to Henry Fayol an effective plan should have four qualities, namely unity, continuity, accuracy, and _____. answer flexibility question Which of the following […]

question Scottish political economist and philosopher. His Wealth of Nations (1776) laid the foundations of classical free-market economic theory, government should not interfere with economics. Advocates Laissez Faire and founder of “invisible hand” answer Adam Smith question a form of trade in which people exchange goods and services without the use of money answer Barter […]

question The choice of what foreign markets to enter should be driven by an assessment of relative long-run growth and profit potential. answer TRUE question Ultimately, the choice for foreign expansion must be based on an assessment of a nation’s short-run profit potential. answer FALSE question Although some markets are very large when measured by […]

question Tort Cases tend to arise from what? answer unexpected circumstances that involve momentary carelessness or bad behavior question Leave a wet spot on the floor of your business and…. answer you may face a tort case from a customer who slips and falls question What was the biggest jury verdict in history? answer 1984 […]

question Individual corporate directors have the ability, as agents of a corporation, to bind the corporation: answer Not at all, as individual directors do not have agency power. question Drag and drop the appropriate words to complete Director’s Management Responsibilities: answer negotiations, assets, product executives, employees issuance, dividends question Inside director Quorum Outside Director answer […]

question Stare Decisis answer [Latin word for “stand by decision” Adherence to precedent.] Promotes uniformity of law within a jurisdiction, makes the court system more efficient, makes the law more predictable for individuals and businesses. ((Business Law 8th ed. Henry Cheeseman)) question Long-Arm Statute answer [A statute that extends a state’s jurisdiction to nonresidents who […]

question the five basic steps of the communication process answer (1) Sender has an idea. (2) Sender encodes the message. (3) Sender chooses a channel. (4) Receiver decodes the message. (5) Receiver gives feedback to the sender. question four barriers to communication answer (1) Lack of/poor language skills. (2) Frame of reference – need to […]

question The political-legal environment reflects the relationship between the business and answer Government question A(n) ____ is a nation’s basis for allocating its resources among its citizens. answer Economic system question A ____ economy has characteristics of both planned and market economies. answer Mixed market question The process of converting government enterprises into privately owned […]

question Elaine is very good at what she does, but she is constantly stressed by internal deadlines assigned to co-workers, obligatory meetings, and time lost in unrelated idle cubicle chatter. Today, after a meeting with her supervisor, she has been given more responsibility for her work, is able to set her own deadlines, decline attendance […]

question An organization’s job structure consists of: answer the relative pay for different jobs within the organization. question An organization’s job structure and pay levels: answer are policies of the organization. question Which of the following would act as a market force during the development of a pay structure? answer Obtaining human resources in labor […]

question Second Industrial Revolution answer (1871-1914) Involved development of chemical, electrical, oil, and steel industries. Mass production of consumer goods also developed at this time through the mechanization of the manufacture of food and clothing. It saw the popularization of cinema and radio. Provided widespread employment and increased production. question Robber Barons answer Refers to […]

question Samuel should ask all of these questions. answer Samuel is working on a report and has reached Phase 2 of the 3-x-3 writing process. What question should he ask while collecting information during this second phase? question False answer Paragraphs arranged in the direct plan start with supporting sentences and conclude with the topic […]

question Biological Anthropology answer The comparative, diachronic, and holistic study of human biological diversity question Archaeological Anthropology answer Reconstructs past human behavior through the material remains of a culture question Linguistic Anthropology answer The comparative, holistic, and diachronic study of language and communication question Cultural Anthropology answer The study of human culture through fieldwork with […]

question more than half the ____ in the US and canada have been lost to urban and agricultural development, but the recent _____ subsidizes landowners to restore or protect remaining areas answer wetlands/ wetlands reserve program question the US agency charged with slowing soil degradation is the answer natural resources conservation service question the conservation […]

question Cost behavior refers to the manner in which answer a cost changes as the related activity changes. question Costs that remain constant on a per-unit level as the level of activity changes are called answer variable costs. question Which of the following graphs illustrates the behavior of a total fixed cost? answer Graph 1 […]

question a system in which information is recorded by entering it into a computer is called a(n) ___ answer computerized accounting system question the source document for recording a cash payment transaction is a(n) __ – lists the same information that appears on a check – shows the balance that appears in the checking account […]

question The ____ structure is quite different from that of an operational or transactional database. answer data warehouse question The database structure in a DBMS is stored as a ____. answer collection of files question ____________________ exists when it is possible to make changes in the data storage characteristics without affecting the application program’s ability […]

question organizer who seeks profitable opportunities and is willing to accept risks answer An entrepreneur question Which of the four types of decision makers in the U.S. economy plays the largest role? answer U.S. households, as buyers in product markets and sellers in resource markets question describe how individuals are expected to behave answer Behavioral […]