Ector Eopa General Financial Management Review Part 3

What function command would calculate the annual average for the set of data shown on the spreadsheet below?

• =AVERAGE(B3:B6)

• =AVERAGE(A3:A6)

• =AVERAGE(B8)

• =AVERAGE(A3:B6)

A company follows the procedures in the following chart when determining how to handle delinquent accounts. If today's date is October 15th and the customer's bill was due August 1st, the billing department will handle this lack of payment by

• Sending a reminder in the next bill

• Telephoning the customer

• Sending a letter form the billing manager

• Turning the customer's account over to the collection agency

The proper method for lifting is to keep the back straight, spread the feet comfortable, and lift with ____ muscles 

• leg
• back
• arm
• abdominal 

A fire may be controlled without setting the thermal layer by 

• directing a straight stream to the middle of the fire
• aiming the stream at the ceiling and allowing the water to rain down on the fire
• rolling the stream around the perimeter of the room 
• using a straight stream at the base of the fire

Which of the following situation is an example of an employee exhibiting unethical behavior?

• clocking out at the end of the day
• scheduling a two-week vacation
• taking a day of sick leave to play golf
• working four ten-hour days to shorten the week 

In order to increase sales, a company hire a telemarketing firm. Telemarketers logged 3,496 hours, making 46,397 presentations and 6,350 sales, and increasing the company's revenues by $295,300. The telemarketing firm charged $45 per hour for  their services. how successful was the business venture?

• wildly successful, netting over $200,000
• a good investment with a profit of over $137,000
• a good start, doing slightly better than $6,000
• a bad venture with a negative return of -$245,000

A country exported $689, 269 worth of goods and imported $3,465,029 worth of goods. what is the trade surplus or deficit?

• -$2,775,760
• -$986,637
• $2,775,760
• $4,154,298

According to the law of supply and demand, when high winds in Hawaii damage the coffee plants, coffee will be

• low in price because people will switch to tea to avid price increases
• in short supply, and therefore higher in price
• unaffected in price or supply
• in short supply with an unchanged price

If a worker's gross pay is $750.00 and 1.25 percent of the workers' earnings are withheld for medicare tax,  what dollar amount of Medicare tax is being withheld?

• $7.35
• $9.38
• $93.75
• $125.50

To gain employee acceptance of new changes in an organization, the owner should provide adequate training and 

• provide advance notice of the new changes
• make changes effective immediately
• reprimand employees who do not implement the change immediately 
• explain changes in detail to the management staff only