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Study wrong terms DECA

Total questions: 119

Worksheet time: 1hrs 22mins

Name
Class
Date
1.

Jean, Keisha, and Kyle want to start their own business but are concerned about the higher tax rate for corporations as well as the double taxation on corporate profits and dividends paid to stockholders. What type of business ownership should they consider?

a)

Open corporation

b)

Partnership

c)

"S" corporation

d)

Close corporation

2.

Which of the following is an example of a persuasive message that businesses write:

a)

Collection letter

b)

Electronic mail

c)

Handwritten note

d)

Interoffice memo

3.

Megan's company holds a monthly staff meeting. As a new employee, she is very excited to hear her coworkers report on their projects during the meetings. Hearing about the projects often causes Megan to think of new projects that the company could work on. How should Megan communicate these new ideas?

a)

Write down the idea. After the meeting, ask her manager if it can be added to the agenda of a future staff meeting.

b)

Wait until her coworker has finished speaking and then propose her new idea.

c)

Send the manager a signal to indicate that she would like to share her idea immediately.

d)

Write down the new idea and pass the note to her coworker so that the idea is shared without interrupting the meeting.

4.

Which of the following is a common way for a divisional organizational structure to be broken down:

a)

By function

b)

By manager

c)

By territory

d)

By job type

5.

Which of the following factors has influenced the geographical development of unions:

a)

Right to bargain collectively

b)

Availability of natural resources

c)

Right-to-work laws

d)

Availability of capital goods

6.

Which of the following questions should you ask to ensure that your communication is constructive:

a)

Am I being defensive?

b)

Who will benefit?

c)

. Is this the whole truth?

d)

Am I communicating consistently?

7.

Which of the following situations includes money being used as a medium of exchange:

a)

An individual places $2,000 into a savings account.

b)

An individual trades a $20 bill for four $5 bills.

c)

An individual pays $500 to purchase a laptop.

d)

An individual takes out a $10,000 car loan.

8.

A financial institution that acts as an intermediary to facilitate securities transactions for the general public is a(n)

a)

investment bank.

b)

commercial bank.

c)

brokerage company.

d)

credit union.

9.

An economic trend that typically precedes an upturn in commodity prices is the __________ for at least a year.

a)

stock market declining

b)

dollar increasing in value

c)

growth of the money supply declining

d)

yield curve leveling out

10.

An apartment building is an example of a(n) __________ investment.

a)

lending

b)

ownership

c)

Domestic

d)

Realistic

11.

What are the two major sections of a statement of changes in stockholder's equity?

a)

Capital stock and retained earnings

b)

Net income and retained earnings

c)

Capital stock and dividends declared

d)

Net income and total stockholder's equity

12.

Managerial accountants help managers by

a)

A. ensuring that company employees are paid fairly.

b)

B. preparing financial statements for investors.

c)

C. providing important information for decision-making.

d)

D. providing tax advice and filing taxes for clients.

13.

What type of variance analysis involves determining the difference between the standard costs and the actual costs of raw materials used for production?

a)

Fixed overhead

b)

B. Selling price

c)

C. Material yield

d)

D. Purchase price

14.

57. One of the benefits of marginal analysis is

a)

A. improved long-term strategy.

b)

B. optimal decision-making.

c)

C. understanding the impact of sunk costs.

d)

D. improved workplace communication.

15.

58. Which of the following is a common financial-information management problem:

a)

A. Insufficient financial information due to compliance regulations

b)

B. Overreliance on a master source and system for financial data

c)

C. Strict organizational data governance policies and processes

d)

D. Multiple financial data sources and systems within an organization

16.

62. Which of the following would a small business's budgeting applications most likely be able to do:

a)

A. Show the business's cash flow status

b)

B. Predict new services to offer customers

c)

C. Determine the business's electronic data interchange (EDI) needs

d)

D. Identify equipment needing repairs

17.

67. An orientation program typically benefits new employees by

a)

A. saving supervisors' time.

b)

B. reducing employee startup costs.

c)

C. reducing new employees' anxiety.

d)

D. increasing new employees' compensation.

18.

71. When using presentation software to develop a slideshow presentation, it is best to

a)

A. avoid the use of decorative fonts.

b)

B. limit the presentation to twelve or fewer slides.

c)

C. include flashy background designs.

d)

D. use a lot of clipart to add interest.

19.

William is in charge of using a database application to organize a large amount of his company's data. When he looks through the numbers, he notices that the majority of them start with one, while very few begin with nine. This is an example of what universal law?

a)

A. The law of supply and demand

b)

Benford's law

c)

C. Numerical law

d)

D. The law of diminishing returns

20.

97. Which type of risk is easier to reduce because it can be forecasted?

a)

Economic

b)

External

c)

C. Internal

d)

D. Natural

21.

77. Which of the following is an example of point-of-sale fraud:

a)

A. Vendors taking funds from the register

b)

B. Competitors accessing computer files

c)

C. Customers replacing price tags

d)

D. Employees undercharging their friends

22.

53. A cost accounting budget is often used as a means of financial control. In other words, it

a)

A. restricts who has access to financial data.

b)

B. is used to monitor activities in a business.

c)

C. predicts what will happen in the future.

d)

D. complicates the decision-making process.

23.

54. Which of the following is a cost driver that could affect the cost of internet service in a coffee shop:

a)

A. Number of direct labor hours

b)

B. Number of products sold

c)

C. Number of customers

d)

D. Number of ingredients per product

24.

What form of business ownership is best to use when the business owners have difficulty acquiring enough money to pay for the startup costs and initial operating expenses?

a)

Partnership

b)

B. Sole proprietorship

c)

C. Franchise

d)

D. Corporation

25.

What method of note-taking involves using headings and subheadings to record the relationships and content in a well-organized, multi-level structure?

a)

Sentence

b)

Outline

c)

C. Mapping

d)

D. Shorthand

26.

which of the following types of customer relationship management software would be most appropriate for a company that is looking for a more efficient way to track potential new clients and customers:

a)

A. Matching engine technology

b)

B. Campaign management software

c)

C. Personalization technology

d)

D. Sales force automation

27.

16. What is the most common reason for a client to leave or fire his/her financial advisor?

a)

A. Location of the office

b)

B. Poor investment return

c)

C. High commission fees

d)

D. Lack of communication

28.

21. Which of the following is a result of globalization:

a)

A. Shrinking product life cycles

b)

B. Decreased competition

c)

C. Increased consumer spending

d)

D. Higher productivity

29.

37. At what stage of the entrepreneurial process does an entrepreneur determine the amount of capital needed to launch the business?

a)

Actualization

b)

B. Discovery

c)

C. Development

d)

D. Harvesting

30.

48. Certificates of deposit and collectibles are types of

a)

A. earnings.

b)

B. accounts.

c)

C. securities.

d)

D. investments.

31.

What type of variance analysis involves determining the difference between the standard costs and the actual costs of raw materials used for production?

a)

A. Selling price

b)

B. Purchase price

c)

C. Material yield

d)

D. Fixed overhead

32.

Kenneth is easily able to guide the actions of his employees by referring to his budget. This is an example of which function of budgets?

a)

A. Controlling

b)

B. Planning

c)

C. Directing

d)

D. Monitoring

33.

Gathering and communicating financial information that businesses can use to plan the business's operations is the focus of __________ accounting.

a)

A. accrual

b)

B. managerial

c)

C. financial

d)

D. equity

34.

56. Which of the following is an example of an indirect cost in an automobile factory:

a)

A. Shipping

b)

B. Glass

c)

C. Electricity

d)

D. Assembly line workers' salaries

35.

62. Why has online technology's use increased in financial-information management?

a)

A. Protection of customers' right to privacy

b)

B. Removal of electronic information exchange procedures

c)

C. Recognition that the security of transactions is no longer an issue

d)

D. Passage of laws that recognize electronic documents as legally binding

36.

68. Marketing encourages people from different countries to __________ frequently.

a)

A. train

b)

B. trade

c)

C. think

d)

D. travel

37.

70. Why is it important for businesses to manage employee information in a way that keeps it secure?

a)

A. To beat the competition

b)

B. To be secretive

c)

C. To be ethical

d)

D. To avoid publicity

38.

79. What should you do when creating a schedule for your project?

a)

A. Break down the work into specific activities and tasks.

b)

B. Figure out exactly when you will get each part of the project done.

c)

C. Determine when certain parts of the project are due.

d)

D. Identify the risks that could affect your schedule.

39.

87. Why will it benefit you to learn as much as possible about a prospective employer before you go for a job interview?

a)

A. It prepares you to ask good questions.

b)

B. It shows that you do a lot of reading.

c)

C. It ensures that you'll be considered for the job.

d)

D. It gives you something to discuss during the interview.

40.

97. When businesses in a particular industry carry risks that commercial insurance companies typically do not cover, they often form __________ to __________ risk.

a)

A. captive insurance companies; transfer

b)

B. insurance rating companies; avoid

c)

C. insurance brokerage firms; assume

d)

D. independent life insurance agencies; minimize

41.

98. Why is the choice of a risk measure for internal and external risk of great practical importance?

a)

A. It determines the maximum number of clients that can be served effectively by a financial institution.

b)

It determines the minimum reserve requirements in financial trading.

c)

.It identifies the types of risks that the financial institution will encounter.

d)

D. It designates the audience that will receive the resulting financial reports.

42.

. Which of the following statements about insider trading is true:

a)

A. It is always legal.

b)

B. It is always illegal.

c)

C. Information traded is public.

d)

D. It can result in fines or jail time.

43.

4. A compliance department typically has five areas of responsibility. Which are two of those areas?

a)

A. Identification and prevention

b)

B. Resolution and investigation

c)

C. Monitoring/detection and discipline

d)

D. Advisory and complexity

44.

10. Which of the following statements best represents the Cornell Method of note-taking:

a)

A. Notes are separated and organized into boxes.

b)

B. Information is organized into several columns.

c)

C. The page is divided into three or four sections.

d)

D. Notes are divided into branches and connected with arrows.

45.

13. When a customer-centric business constantly strives to align its objectives and activities with customer needs by stressing innovation and technology, it is engaging in

a)

A. customer experience management.

b)

B. continuous improvement.

c)

C. business process management.

d)

D. organizational structure.

46.

17. There are two basic ways a business can increase profit—decreasing its expenses and increasing its sales. Which of the following is most likely to help a business increase its sales:

a)

A. Change what it provides

b)

B. Increase worker efficiency

c)

C. Eliminate some free services

d)

D. Avoid extra payroll expenses

47.

3. When a discussion becomes emotionally heated or the other person does not like what you say, you can use __________ to shift the power.

a)

A. BATNA

b)

B. deadlines

c)

C. alternative planning

d)

D. silence

48.

31. To calculate the future value of money, you need the present value, the length of time, and the

a)

A. interest rate.

b)

B. wage.

c)

C. utility.

d)

D. bottom line.

49.

45. Which of the following is the formula used to calculate retained earnings:

a)

A. Beginning period retained earnings − Net income (or loss) + Net dividends

b)

B. Beginning period retained earnings + Net income (or loss) − Net dividends

c)

C. Capital expenditures + Net income (or loss) − Net dividends

d)

D. Operating cash flow − Capital expenditures + Net income (or loss)

50.

53. Cost accounting is an activity used mainly in __________ accounting.

a)

A. managerial

b)

B. forensic

c)

C. financial

d)

D. electric

51.

55. Employee payroll is an example of a(n) __________ cost.

a)

A. direct

b)

B. indirect

c)

C. manufacturing

d)

D. utility

52.

60. By reviewing an income statement to see how every line item compares to revenue, Anna conducted a __________ analysis.

a)

A. horizontal

b)

B. vertical

c)

C. break-even

d)

D. SWOT

53.

69. Which of the following statements about creating a basic web page is true:

a)

A. Finding a host for the page isn't necessary.

b)

B. You should learn basic HTML code.

c)

C. You will not need a web editor.

d)

D. Previewing your page is a waste of time.

54.

80. Which of the following job tasks is most likely to fall within the finance industry:

a)

A. Investigating fraud

b)

B. Advertising products

c)

C. Planning a vacation

d)

D. Growing a business

55.

91. Lyudmila’s company uses the McKinsey 7-S model for its strategic planning because it helps the company identify where it excels and where it needs improvement. Which of the following S-components would most likely assess the company’s management functions:

a)

A. Skills

b)

B. Shared values

c)

C. Strategy

d)

D. Structure

56.

94. Emi wants to better understand her company’s financial performance over several years. To best compare historical data over a number of accounting periods, Emi should use __________ analysis.

a)

A. break-even

b)

B. horizontal

c)

C. SWOT

d)

D. vertical

57.

2. What is typically the most significant role of a compliance officer in a bank, investment company, or insurance company?

a)

A. To ensure that the company is following financial laws

b)

B. To enforce the business's code of conduct

c)

C. To educate employees on industry ethics

d)

D. To ensure employees follow company policies and procedures

58.

. Mooreshead Bank has placed a claim on Marc's property to protect Mooreshead from financial loss if Marc is unable to pay back his bank loan. Mooreshead has secured a __________ against Marc's property.

a)

license

b)

lien

c)

label

d)

ledger

59.

27. Which of the following statements best describes office politics:

a)

A. Engaging in office politics will advance your career.

b)

B. Office politics are negative and should be avoided.

c)

C. Engaging in office politics can be beneficial.

d)

D. Office politics are damaging to work relationships.

60.

If a company wants to list its securities on the New York Stock Exchange, it must select a __________ ticker symbol.

a)

4-letter

b)

double digit

c)

unique

d)

color

61.

Which of the following is a source of cash that flows into a business:

a)

A. Loans

b)

B. Payroll

c)

C. Taxes

d)

D. Rent

62.

47. A manager must decide whether to make products in-house or outsource manufacturing. In this scenario, the company's committed costs are likely to be

a)

A. relevant costs.

b)

B. irrelevant costs.

c)

C. cash inflows.

d)

D. cash receipts.

63.

What is one way in which customer relationship management (CRM) data cleansing is useful to businesses?

a)

A. Data cleansing helps businesses create duplicate data.

b)

B. CRM software has a limited data capacity.

c)

C. Data cleansing helps businesses archive old data.

d)

D. CRM software lengthens sales cycles.

64.

The main difference between managerial accounting and financial accounting is the __________ of the information.

a)

A. arrangement

b)

B. scope

c)

C. audience

d)

D. quality

65.

62. What is a way in which technology has improved the management of financial information?

a)

A. Data are transferred instantly from information management to point-of-sale systems.

b)

B. The security of financial information is no longer a concern.

c)

C. Calculations can be completed more quickly and efficiently.

d)

D. The amount of time required to compare financial records thoroughly has increased.

66.

64. Which type of financial analysis is best for comparing a single company's historical financial information to determine trends?

a)

A. Vertical analysis

b)

B. Horizontal analysis

c)

C. Leverage analysis

d)

D. Liquidity analysis

67.

A company in which each department performs completely separate functions and has its own budget and staff has an organizational structure based on __________ interdependence.

a)

A. reciprocal

b)

B. sequential

c)

C. pooled

d)

D. mutual

68.

78. Which of the following examples illustrates the importance of monitoring a project's scope:

a)

A. Mateo asked his staff members how they were coping with their workloads.

b)

B. Zander is making sure he doesn't spend too much on supplies for the party he is throwing.

c)

C. Erin spent an hour selecting fonts when she should have been practicing her speech.

d)

D. Bethany wants to know if there is a chance her team won't meet its deadlines.

69.

82. Jamel is an employee responsible for making sure that his company's business initiatives and computer/IT processes work smoothly together. What area of business is Jamel working in?

a)

A. Accounting

b)

B. Business information management

c)

C. Operations management

d)

D. Securities and investments

70.

99. Antonia is starting a wedding cake bakery. Before she opens for business, she spends a whole day identifying any potential dangers and hazards that might interfere with her work. Once she has identified all of the potential issues, she creates a plan of response for each one that she intends to distribute to her investors. Antonia is engaging in

a)

A. enterprise risk management.

b)

B. business objective planning.

c)

C. organizational goal setting.

d)

D. preliminary quality management.

71.

24. Writing a letter to your grandparent is an example of

a)

. verbal communication.

b)

nonverbal communication.

c)

body language

d)

speech.

72.

. Assertive people believe that they have the right to ask other people to respond to their

a)

A. whims.

b)

needs

c)

directions

d)

orders

73.

A credit account in which the purchaser usually makes a down payment and signs a contract to make a series of scheduled payments and finance charges describes which of the following:

a)

A. Open account

b)

B. Revolving credit

c)

C. Layaway plan

d)

D. Installment credit

74.

A stock with a high dividend yield is typically __________ than one with a low yield.

a)

A. less established

b)

B. more established

c)

C. less volatile

d)

D. more volatile

75.

As financial intermediaries, what is all financial institutions' primary responsibility?

a)

A. Transferring money from those who have it to those who need it

b)

B. Investing clients' money in mid-cap growth companies

c)

C. Calculating the opportunity costs of clients' potential investments

d)

D. Conducting fundamental and technical analyses to evaluate securities

76.

According to most analysts, the three economic indicators that stock market investors and traders should pay the closest attention to are

a)

A. gross domestic product, overhead expenses, and unemployment.

b)

B. gross domestic product, unemployment, and inflation.

c)

C. inflation, unemployment, and bonds rates.

d)

D. interest rates, overhead expenses, and inflation.

77.

. Joanna works as an accountant for a construction company. She is drafting a budget to determine whether the company has enough money to start construction on a new high-rise building. As part of her research for the budget, Joanna examines the company's accounts payable and receivable. Joanna is drafting a(n) __________ budget.

a)

A. static

b)

operating

c)

C. cash flow

d)

master

78.

Which of the following is a result that is likely to occur when companies take negative actions:

a)

A. Increased efficiency

b)

B. Excellent business reputation

c)

C. High employee turnover

d)

Bankruptcy

79.

79. A direct benefit of supply chain collaboration is

a)

A. lower cost due to reduced inventory.

b)

B. an increase in business profits.

c)

C. lower cost due to higher inventory.

d)

D. less flexibility in purchasing decisions.

80.

. Which of the following most likely led to a greater emphasis on governance structures in recent years:

a)

A. Accounting fraud

b)

B. Stock market crash

c)

C. New technology in the industry

d)

D. Competitor saturation

81.

Which of the following issues is keeping risk managers from getting the right information into the right context so that the right decisions can be made:

a)

A. Having a centralized enterprise risk management system

b)

B. Having transparency around the effects of volatility on the organization

c)

C. Having many different sources of data that can be used to assess risk

d)

D. Having too little information that can be used to assess and understand risk

82.

Which of the following is the best way to handle dishonest customers:

a)

A. Don't jump to quick conclusions.

b)

B. Explain and demonstrate good service as many times as you need to.

c)

C. Never press for sales or decisions.

d)

D. Mirror their behavior.

83.

14. Which of the following is an example of using customer information wisely:

a)

A. Keeping it safe and not using it

b)

B. Sending frequent emails

c)

C. Sharing customer information with partnering businesses

d)

D. Customizing communications

84.

36. If Hannah wants to invest in the capital markets, what types of securities should she purchase?

a)

A. Corporate bonds and treasury bills

b)

Treasury bills and certificates of deposit

c)

Common stock and certificates of deposit

d)

Corporate bonds and preferred stock

85.

Which of the following are among the most important resources to access prior to purchasing stock in a company:

a)

A. EDGAR and the Statement of Ownership

b)

B. ESOP and the company's website

c)

C. EDGAR and the company's website

d)

D. ESOP and the Statement of Ownership

86.

. Which of the following situations is an example of using marginal analysis to make a segment profitability decision:

a)

A. A restaurant chain manager must decide whether or not to keep a certain franchise open.

b)

B. A clothing retailer must decide how many units of each product to sell.

c)

C. A company must decide whether to use an outside marketing firm or hire someone internally.

d)

D. A furniture company must decide whether to sell its pieces assembled or unassembled.

87.

Why do some companies decide against using variance analysis?

a)

A. Real causes cannot be correctly identified.

b)

B. Variance analysis is not based on real, tangible data.

c)

C. Variance analysis involves too much of a time delay.

d)

D. Horizontal analysis requires much less time.

88.

A company manager is making a decision concerning promotional strategy. What managerial accounting technique can assist in the implementation phase of their decision-making process?

a)

A. Budgeting expected revenue

b)

. Recording and classifying transactions

c)

Comparing results to the budget

d)

Representing plans financially

89.

A financial-information management system can help a financial manager make which of the following types of decisions:

a)

Adding/Dropping product

b)

Employee scheduling

c)

Vendor selections

d)

Capital budgeting

90.

A legal issue associated with the use of information might involve the violation of __________ laws

a)

A. copyright

b)

B. patent

c)

C. trademark

d)

D. contract

91.

What data mining technique uses "if-then" criteria to classify objects in a database?

a)

A. Quantitative reasoning

b)

B. Histogram

c)

C. Neural networking

d)

D. Rule induction

92.

Which of the following is the most important factor to consider when prioritizing work tasks:

a)

Due dates of tasks

b)

. Enjoyment of tasks

c)

. Coworkers' opinions

d)

Employee's aptitude

93.

Which of the following business activities is most likely to impact an organization's governance structures:

a)

Developing a marketing strategy

b)

Hiring a new sales representative

c)

Borrowing money from a bank

d)

Raising prices on consumer goods

94.

57. Which of the following statements about accounting information systems is true:

a)

A. They typically avoid the use of internal controls.

b)

B. They help a company's different departments work together.

c)

C. They use software, but not hardware, to store and retrieve data.

d)

D. They collect data to be used only by accountants.

95.

. Marcus is one of the earliest investors for a new teeth-whitening kit. Since then, he has convinced several other people to invest in the kit, allowing him and other early backers to profit from their investments. What type of investment scam is this scenario describing?

a)

Viatical investment scam

b)

B. Boiler room

c)

C. Ponzi scheme

d)

D. Predatory lending

96.

6. Virtual audits are different than traditional audits in that virtual audits

a)

A. must offer printed copies of data.

b)

B. cannot be done remotely.

c)

C. don't rely on technology.

d)

D. involve sharing documents online.

97.

10. Which of the following statements best represents the Cornell Method of note-taking:

a)

A. Notes are separated and organized into boxes.

b)

B. Information is organized into several columns.

c)

C. The page is divided into three or four sections.

d)

D. Notes are divided into branches and connected with arrows.

98.

28. Lyla recently earned her doctorate and wants to meet with a financial advisor to map out her financial future. Which of the following steps should she do first:

a)

A. Determine what type of financial advisor she needs

b)

B. Understand how financial advisors are compensated

c)

C. Check for complaints about the financial advisor

d)

D. Make sure the financial advisor has reputable credentials

99.

55. Employee payroll is an example of a(n) __________ cost.

a)

A. direct

b)

B. indirect

c)

C. manufacturing

d)

D. utility

100.

60. By reviewing an income statement to see how every line item compares to revenue, Anna conducted a __________ analysis.

a)

A. horizontal

b)

B. vertical

c)

C. break-even

d)

D. SWOT

101.

68. A cell phone company is focusing its marketing efforts on communicating with customers and putting its products in an accessible location. What two marketing elements is the company prioritizing?

a)

A. Promotion and product

b)

B. Promotion and place

c)

C. Place and price

d)

D. Price and product

102.

69. Which of the following statements about creating a basic web page is true:

a)

A. Finding a host for the page isn't necessary.

b)

B. You should learn basic HTML code.

c)

C. You will not need a web editor.

d)

D. Previewing your page is a waste of time.

103.

78. Two of Toby’s close friends get into a fight. Toby doesn’t want to get involved, but both friends are demanding that he hear their perspective and resolve the matter. This is an example of a __________ problem.

a)

A. school

b)

B. work

c)

C. peer

d)

D. personal

104.

Emi wants to better understand her company’s financial performance over several years. To best compare historical data over a number of accounting periods, Emi should use __________ analysis.

a)

A. break-even

b)

B. horizontal

c)

C. SWOT

d)

D. vertical

105.

. A company implementing enterprise risk management has placed a keypad at the entry of a sensitive area as an internal control measure. This is an example of __________ control.

a)

A. quality

b)

B. preventative

c)

C. self

d)

D. detective

106.

Even though things don’t always go her way, Kara is able to keep things in perspective and see the lighter side of any situation. Kara is adaptable and

a)

A. demonstrates confidence.

b)

B. has a sense of humor.

c)

C. practices self-corrective behavior.

d)

D. takes risks.

107.

Margaret is performing marginal analysis to help her boss decide whether upgrading their manufacturing equipment is a worthwhile investment. Which of the following should be included in the marginal cost analysis:

a)

A. The profit from selling the old machines

b)

B. The rent of the manufacturing facility

c)

C. The annual maintenance and repair of one new machine

d)

D. The additional value of the output produced by one new machine

108.

25. Unlike traditional risk management, in which divisions manage their own business, enterprise risk management requires corporations to identify all the risks they face, allowing them to see the bigger picture. This can be described as a __________ approach.

a)

A. reactive

b)

B. centralized

c)

C. holistic

d)

D. risk-specific

109.

32. Which of the following business management job titles falls under administrative services:

a)

A. Receptionist

b)

B. Supply chain manager

c)

C. Benefits administrator

d)

D. Project manager

110.

33. A statement of owner's equity

a)

A. reports changes in a company's equity.

b)

B. is prepared before an income statement.

c)

C. increases a company's equity by using them.

d)

D. shows only the beginning owner's equity.

111.

34. Which of the following best describes a project:

a)

A. It is ongoing.

b)

B. It has a definite beginning and end.

c)

C. It keeps the business going on a day-to-day basis.

d)

D. It is a long-term endeavor.

112.

42. A publicly traded company is facing declining profits. Which of the following reports would an investor most likely analyze to understand the company's recent financial performance:

a)

A. 10-K

b)

B. 10-Q

c)

C. 15-P

d)

D. 8-K

113.

47. The biggest difference between a mission statement and a personal vision has to do with

a)

A. personnel.

b)

B. detail.

c)

C. time.

d)

D. scope.

114.

50. Elise is charged with evaluating industry-wide financial data from the previous fiscal year. Elise is conducting a __________ analysis.

a)

A. liquidity

b)

B. vertical

c)

C. horizontal

d)

D. leverage

115.

56. Thara is a data analyst for a financial institution. Part of her daily responsibilities include looking through the institution's databases to ensure data are properly stored and eliminating redundant data. Thara is performing data

a)

A. migration.

b)

B. commingling.

c)

C. filtering.

d)

D. normalization.

116.

61. Nimbus Solutions wants its managers to demonstrate the need for every expense instead of relying on figures from a previous period. What type of budget should Nimbus Solutions implement?

a)

A. Rolling

b)

B. Master

c)

C. Negative sum

d)

D. Zero-based

117.

86. To set the price of a hot dog, Jordan calculates the marginal cost and marginal benefit of a small price increase. Which of the following outcomes indicates that Jordan has found the best price:

a)

A. The marginal cost is equal to the marginal benefit.

b)

B. The marginal cost is negative.

c)

C. The marginal cost is less than the marginal benefit.

d)

D. The marginal benefit is zero.

118.

87. Which of the following are indirect costs for a business:

a)

A. Rent and payroll

b)

B. Labor and insurance

c)

C. Utilities and equipment

d)

D. Raw materials and manufacturing supplies

119.

96. A financial institution uses artificial intelligence to help manage its risks. However, after a recent market crash, the system’s predictions have become increasingly inaccurate. What risk of relying on technology in risk management does this scenario best illustrate?

a)

A. Technology can be slow and inefficient.

b)

B. Technology can be costly if maintenance is required.

c)

C. Technology can result in human negligence.

d)

D. Technology can fail when the data are flawed.