Selected Answer: exclusive Correct Answer: exclusive Question 3 1 out of 1 points distribution. Are used for heavy, bulky materials for which speed of delivery Is not important. Often, the delivery vehicles are specially constructed to carry a particular product. Selected Answer: Water carriers Correct Answer: Water carriers Question 4 1 out of 1 points Which of the following does not belong on this list? Selected Answer: warehouse club Correct Answer: warehouse club Question 5 1 out of 1 points briefly while clerks retrieve orders from attached warehouses.
Selected Answer: catalog showroom Correct Answer: catalog showroom Question 6 1 out of 1 points are the individuals and firms that help to distribute a producer’s goods. Selected Answer: Intermediaries Correct Answer: Intermediaries Question 7 0 out of 1 points Fed is a Selected Answer: drop shipper. Correct Answer: business-to-business broker. Question 8 1 out of 1 points Prodigy and America Online are examples of Selected Answer: internet service providers. Correct Answer: internet service providers. Question 9 0 out of 1 points There are over million retail establishments in the U. S.
Selected Answer: 5. 0 Correct Answer: 1. 6 Question 10 1 out of 1 points A retailer is Selected Answer: an intermediary who sells products directly to consumers. Correct Answer: an intermediary who sells products directly to consumers. Question 1 1 Modern currency is light and easy to handle, thus meeting the criteria of Selected Answer: portable. Correct Answer: portable. Question 12 1 out of 1 points How much does the Fed transfer electronically each year? Correct Answer: $390 trillion Question 13 1 out of 1 points is/are a revolutionary way of using electronic money over the Internet.
Traditional currency is used to buy electronic money which is then used to shop on- line. Selected Answer: E-cash Correct Answer: E-cash Question 14 1 out of 1 points Very soon, will serve as airline tickets and boarding passes. Selected Answer: smart cards Correct Answer: smart cards Question 15 1 out of 1 points In dealing with the U. S. Government, the two key responsibilities of the Fed are lending money to the government and Selected Answer: controlling the nation’s paper currency. Correct Answer: controlling the nation’s paper currency.
Question 16 0 out of 1 points Which of the following is NOT a characteristic of money? Selected Answer: divisible Correct Answer: expendable Question 17 1 out of 1 points Where will one find the most avid users of the smart card? Selected Answer: Europe and Asia Correct Answer: Europe and Asia Question 18 1 out of 1 points A key provision of the Interstate Bank Efficiency Act was Selected Answer: all are provisions of the Interstate Banking Efficiency Act. Correct Answer: all are provisions of the Interstate Banking Efficiency Act.
Question 19 1 out of 1 points The term is another name for checking accounts. Correct Answer: demand deposit Question 20 1 out of 1 points Which of the following is NOT a result of lowering the discount rate? Selected Answer: recession Correct Answer: recession Question 21 1 out of 1 points Motorola has used teams to increase cellular phone production by 50 percent and cut electronic circuit defects by 85 percent. Selected Answer: quality improvement Correct Answer: quality improvement Question 22 0 out of 1 points When evaluating service quality, customers look for responsiveness.
Responsiveness can be described as Selected Answer: performing the service as promised, both accurately and on time. Correct Answer: willing to help customers promptly. Question 23 1 out of 1 points The third step in the reengineering process is to evaluate information and human source requirements for engineering. Which of the following are the key resources for this step? Selected Answer: information technology; business culture management Correct Answer: information technology; business culture management Question 24 1 out of 1 points failures are reducible costs incurred after defective products have left a plant.
Selected Answer: External Correct Answer: External Question 25 1 out of 1 points Productivity measures how much we produce with the we use to produce it. Selected Answer: resources Toast’s reputation for producing few “lemons” is based on Selected Answer: quality reliability. Correct Answer: quality reliability. Question 27 1 out of 1 points The consistency of product quality from one finished product to the next is Question 28 1 out of 1 points Productivity refers to the of what is produced.
Selected Answer: both a and b Correct Answer: both a and b Question 29 1 out of 1 points If a nation’s productivity increases as compared to competing nations, it will experience Selected Answer: increased wealth. Increased wealth. Question 30 1 out of 1 points When Custom Research delivers 99 percent of its final research reports on time it is practicing Question 31 1 out of 1 points Existing stocks and bonds are sold in the Selected Answer: secondary market. Correct Answer: secondary market.
Question 32 1 out of 1 points A(n) authorizes the purchase of a stock only if its price is less than or equal to a specified dollar value. Selected Answer: limit order Question 33 1 out of 1 points Which of the following is a function performed by an investment bank? Selected Answer: Underwriting. Correct Answer: Underwriting. Question 34 1 out of 1 points $10,000 invested in Wall-Mart stock in July 1997 would be worth 2002. Selected Answer: $35,000 Correct Answer: $35,000 Question 35 1 out of 1 points by mid re bonds issued by smaller companies and are most likely to receive low ratings from the firms that rate bonds.
Selected Answer: Debenture Correct Answer: Debenture Question 36 1 out of 1 points Among municipal bonds, which are backed by the issuer’s taxing power? Selected Answer: obligation bonds Correct Answer: obligation bonds Question 37 1 out of 1 points The current price of a share of stock in the stock market is called its Selected Answer: market value. Correct Answer: market value. Question 38 1 out of 1 points The has no trading floor. Selected Answer: over-the-counter market Correct Answer: over-the-counter market
Question 39 1 out of 1 points For preferred stock, dividends are typically expressed as a percentage of Selected Answer: par value. Correct Answer: par value. What condition would lead an issuer to call a bond? Selected Answer: Prevailing interest rates are lower than the rate being paid on the bond. Correct Answer: Prevailing interest rates are lower than the rate being paid on the bond. Question 41 0 out of 1 points Products ranging from cell phones to auto parts are created using software because it allows faster designs at lower costs compared to manual modeling methods.
Selected Answer: computer-aided manufacturing Correct Answer: computer-aided design Question 42 1 out of 1 points is a large-scale information system for organizing and managing a firm’s processes across product line, departments, and geographic locations. Selected Answer: Enterprise resource planning Correct Answer: Enterprise resource planning Question 43 1 out of 1 points is software and hardware that prevent outsiders from accessing a company’s internal network.
Selected Answer: firewall Correct Answer: firewall Question 44 1 out of 1 points Which of the following is a database management program? Selected Answer: Microsoft Access Correct Answer: Microsoft Access Question 45 1 out of 1 points phrase. Is a tool that searches for Web pages that contain a given word or Selected Answer: search engine Correct Answer: search engine Question 46 1 out of 1 points was originally commissioned by the Pentagon. Correct Answer: Internet Question 47 1 out of 1 points allows people in remote locations to work simultaneously on one document.
Selected Answer: Data conferencing Correct Answer: Data conferencing Question 48 1 out of 1 points system supports an organization’s managers by providing daily reports, schedules, plans, and budgets that can be used for making decisions. Selected Answer: management information Correct Answer: management information Question 49 1 out of 1 points principalities Web pages based on their content. Selected Answer: directory Correct Answer: directory Question 50 1 out of 1 points is a system for transmitting and transforming data into information that can be used in decision making.
Selected Answer: information system information system Question 51 1 out of 1 points Major League Baseball Properties, Inc. Treats licensing revenues as a cash flow from in the statement of cash flows. Selected Answer: operations Correct Answer: operations Question 52 1 out of 1 points An intangible asset is None of the above. Which of the following is NOT one of the four largest public accounting firms? Selected Answer: Standard and Poor Correct Answer: Standard and Poor Question 54 0 out of 1 points expenses result from activities related to selling goods or services.
Selected Answer: General and administrative Correct Answer: Selling Question 55 1 out of 1 points Subtracting income taxes from operating income reveals Selected Answer: net income. Correct Answer: net income. Question 56 1 out of 1 points Which of the following statements is the most accurate? Selected Answer: A “good” inventory turnover ratio depends upon the industry that a firm is in. Correct Answer: A “good” inventory turnover ratio depends upon the industry that a firm is in.
Question 57 1 out of 1 points represent(s) the total cost of obtaining materials for making the products sold by a firm during the year. Selected Answer: Cost of goods sold Correct Answer: Cost of goods sold Question 58 1 out of 1 points World’s auditor, at the time that irregularities were discovered in its annual report, was Selected Answer: Arthur Andersen. Correct Answer: Arthur Andersen. Question 59 1 out of 1 points re current liabilities consisting of bills owed to suppliers, plus wages and taxes due within the upcoming year.
Correct Answer: Accounts payable Question 60 1 out of 1 points is a company’s chief accounting officer. Selected Answer: controller Correct Answer: controller Question 61 1 out of 1 points When a company turns out Christmas ornaments so they are available in the stores for November is creating Selected Answer: time utility. Correct Answer: time utility. Question 62 1 out of 1 points In high contact processes, managers plan capacity to meet Selected Answer: peak Correct Answer: peak Question 63 1 out of 1 points emend. Costs are the costs of keeping extra supplies or inventory on hand.