What is one impact that a company might experience as a result of an ethical violation?
ESB 21-45

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Tracey Robinson
Used 170+ times
FREE Resource
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A minimization of the company's operational costs and expenses
An opportunity to maximize profit
Reputation damage and significant loss of customers' trust
An increase in the opportunity to gain market share
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An investor is comparing the income statements of two publicly traded companies. The amount of revenue is significantly higher for one than the other. The investor is wondering if the comparison between the two companies is valid.
Why should this investor feel comfortable with the validity of this information.
Each company used its own accountant
The same accountant is used by both companies.
Public companies recognize revenue using the same rules
The same bank is used by both companies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A plumber is analyzing the cash flow for the firm for the prior year. The beginning inventory balace was $5,350. New inventory purchases were $6,560. $4,760 of items were used on work for clients.
What was the ending inventory value?
$7150
$1,800
$11,910
$590
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a drawback of equity funding?
The entrepreneur must share profits with other equity investors
Debt payments increase a business's fixed costs.
Repayment reduces available cash.
If payments are not made, the lender can force a business into bankruptcy.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of a landscaping business has noticed that none of his competitors are designing or installing ponds or other water features for the gardens they create.
What should the owner do First to determine if offering water features is a good way to set his business apart from his competitors?
Determine if there is a supply chain available
Perform a financial audit to determine if there is enough money available to add the new service
Contact the water department to see if they can support the extra demand for water
Ask the customers in the area if they are interested in adding a water feature to their gardens
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a benefit of buying a successful existing business?
Adherence to standardized operations
Guaranteed profits
Ease of change implementation
A proven operation
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner of Alpha Cabinetry needs to interpret the company's annual financial statements, as well as parts of the income statement, including net sales, total cost of goods sold, gross profit, total expenses, pre-tax profit, and net profit.
What is the net sales?
$59.060
$60,560
$72,620
$73,620
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