BUS 475 Capstone Final Examination

Part 2
UOP E Assignments are the best distributor of brand new
courses like BUS 475 Capstone Final Exam Part 2, BUS 475
Capstone Final Exam Part 2 Answers, UOP BUS 475 Capstone
Final Exam Part 2 with Questions & Answers is 100% correct
right here.

BUS 475 Capstone Final Examination

Part 2
01.This is the latest BUS/475 Capstone Final Examination Part 2
(100%)
Which of the following is not a current liability on December 31,
2014?

A lawsuit judgment to be decided on January 10,2015

A Note Payable due December 31 2015
Accrued salaries payable from 2014
An Accounts Payable due January 31,2015

02.Continuous monitoring, in the contemporary approach, is

beneficial because_____________.
it increases the time it takes to detect changes in the
competitive environment
organization response time is increased
organizational flexibility is reduced
It reduces time lags

03.The acquisition of treasury stock by a corporation:

requires that a gain or loss be recognized on the income
statement.
increases its total assets and total stockholders equity.
has no effect on total assets and total stockholders equity.
decreases its total assets and total stockholders equity.

04.You work in marketing for a company that produces work

boots. Quality control has sent you a memo detailing the length
of time before the boots wear out under heavy use. They find
that the boots wear out in an average of 208 days, but the
exact amount of time varies, following a normal distribution
with a standard deviation of 14 days. For an upcoming ad
campaign, you need to know the percent of the pairs that last
longer than six months-that is, 180 days. Use the empirical rule
to approximate this percent.

97.5%
95%
2.5%
5%

05.__________involves ensuring proper strategic controls and

organizational designs.

Corporate governance
Strategy implementation
Business-level strategy
Corporate-level strategy

06.A post-closing trial balance will show:

only income statement accounts

zero balances for balance sheet accounts
only balance sheet accounts
zero balances for all accounts

07.The preparation of adjusting entries is:

straightforward because the accounts that need
adjustment will be out of balance
needed to ensure that the expense recognition principle is
followed.
only required for accounts that do not have a normal
balance.
optional when financial statements are prepared.

08.In a simple linear regression model, if the plots on a scatter

diagram lie on a straight line, what is the standard error of the
estimate?

Infinity
0
+1
-1

09.The fraud triangle applies to:

U.S. and Canadian companies, but not other international
companies.
U.S companies but not international companies.
U.S and international companies.
international companies but not U.S. companies.

10.According to value-chain analysis, which of the following

would be considered part of the general administration in a
firm?

information systems
procurement
technology development
human resource management

11.Which of the following can be represented by a discrete

random variable?

The
The
The
The

circumference of a randomly generated circle

number of defective light bulbs in a sample of five
time of a flight between Chicago and New York
average distance achieved in a series of long jumps

12.What is an advantage of the correlation coefficient over the

covariance?
It falls between 0 and 1.
It falls between -1 and 1.
It falls between -1 and 1; and it is a unit free measure,
therefore making it easier to interpret.
It is a unit-free measure, therefore making it easier to
interpret.

13.GAAP, compared to IFRS, tends to be more:

rules-based
simple in accounting requirements
principles-based
simple in disclosure requirements

14.The resource-based view (RBV) of the firm combines two

perspectives:
the internal analysis of the firm and the external analysis
of the industry and competitive environment
the primary and support activities of the firm
the industry and the competitive environment
the interrelationships among the primary activities of the
firm and corporate management

15.Sarbanes Oxley applies to:

U.S and international companies.
U.S. and Canadian companies but not other international
companies.
U.S companies but not international companies.
international companies but not U.S. companies.

16.Is it possible for a data set to have no mode?

No, unless there is an odd number of observations
Yes, if two observations occur twice
Yes, if there are no observations that occur more than
once
No, if the data set is nonempty, there is always a mode

17.Under the accrual basis of accounting:

events that change a company's financial statements are
recognized in the period they occur rather than in the
period in which cash is paid or received.

 the ledger accounts must be adjusted to reflect a cash

basis of accounting before financial statements are
prepared under generally accepted accounting principles.
cash must be received before revenue is recognized.
net income is calculated by matching cash outflows
against cash inflows.

18.Which trial balance will consist of the greatest number of

accounts?

Trial balance
Adjusted trial balance
Balance
Post-closing trial balance

19.Vertical analysis is a technique that expresses each item in a

financial statement:

in dollars and cents.

as a percent of a base amount.
as a percent of the item in the previous year.
starting with the highest value down to the lowest value.

20.Cost allocation of an intangible asset is referred to as:

accretion
amortization
depreciation
capitalization

21.According to the text, the triple bottom line approach to

corporate accounting includes three components:
financial, environmental, and social

 financial, organizational, and customer

financial, environmental, and customer
financial, organizational, and psychological

22.An analyst believes the probability that U.S. stock returns

exceed long-term corporate bond returns over a 5-year period
is based on personal assessment. This type of probability is
best characterized as a(n) ____________.

Subjective probability
Objectivity probability
Empirical probability
A priori probability

24.Green, Inc. had 200,000 shares of common stock

outstanding before a stock split occurred and 800,000 shares
outstanding after the stock split. The stock split was:

2-for-8
1-for-8
8-for-1
4-for-1

25.Firms must be aware of goals other than short-term profit

maximization. One area of concern should be social
responsibility which is:
the expectation that business will strive to improve the
overall welfare of society
the fact that court costs could impact the financial bottom
line
the idea that organizations are solely responsible to local
citizens

 the idea that businesses are responsible to maintain a

healthy social climate for their employees

26.Expenditures that maintain the operating efficiency and

expected productive life of a plant asset are generally:

expensed when incurred.

not recorded until they become material in amount.
debited to the Accumulated Depreciation account.
capitalized as a part of the cost of the asset.

27.For both qualitative and quantitative data, what is the

difference between the relative frequency and the percent
frequency?
The relative frequency equals the percent frequency
multiplied by 100.

The percent frequency equals the relative frequency

multiplied by 100
As opposed to the relative frequency, the percent
frequency is divided by the number of observations in the
data set.
As opposed to the percent frequency, the relative
frequency is divided by the number of observations in the
data set.

28.Shaw Industries, a giant carpet manufacturer, increases its

control over raw materials by producing much of its own
polypropylene fiber, a key input to its manufacturing process.
This is an example of _______________.
using related diversification to achieve value by
leveraging core competencies to achieve economies of
scope

 using related diversification to achieve value by pooling

negotiating power to achieve market power
using related diversification to achieve value by
integrating vertically in order to attain economies of scope
using related diversification to achieve value by
integrating vertically in order to acquire market power

29.Which of the following can be represented by a continuous

random variable?
The average temperature in Tampa, Florida, during the
month of July
The number of customers who visit a department store
between 10:00 a.m. and 11:00 a.m. on Mondays
The number of students who will get financial assistance
in a group of 50 randomly selected students
The number of typos found on a randomly selected page
of this test bank

30.Which of the following controls would best help detect the

removal of a blank check by an employee from the back of a
company's checkbook for subsequent misappropriation of
funds?
An accounting policies manual
Tracing any debit memorandums from the bank to the
company's records
A review of the cash budget
The use of pre-numbered checks

31.A SWOT analysis is a framework for analyzing a firms

environments. A SWOT is made up of

 Internal
environmental
analysis
of
threats
and
weaknesses.
Internal strengths and weaknesses; external threats and
opportunities.
Internal threats and weakness and external strengths and
opportunities.
External analysis of strengths and opportunities.

32.Assuming that a periodic inventory system is used, what is

the cost of goods sold on a FIFO basis?

$23,088
$11,022
$10,992
$23,118

33.Which of these statements regarding the industry life cycle

is correct?
It points out the need to maintain a differentiation
advantage and a low cost advantage simultaneously.

Trends suggested by the market life cycle model are

generally not reversible or repeatable.
It has important implications for company generic
strategies, functional areas, value-creating activities, and
overall objectives.
Part of the power of the market life cycle is its ability to
serve as a short-run forecasting device.

34.What is a difference between merchandising companies and

service enterprises?

 Merchandising companies must prepare multiple-step

income statements and service enterprises must prepare
single-step income statements.
Cost of goods sold is an expense for service enterprises
but not for merchandising companies.
The operations in merchandising companies and service
enterprises are identical.
Merchandising companies generally have a longer
operating cycle than service enterprises.

35.Which of the following meets the requirements of a simple

random sample?
A population contains 10 members under the age of 25
and 20 members over the age of 25. The sample will
include six males chosen at random, without regard to
age.
A population contains 10 members under the age of 25
and 20 members over the age of 25. The sample will
include six people who volunteer for the sample.
A population contains 10 members under the age of 25
and 20 members over the age of 25. The sample will
include six people chosen at random, without regard to
age.
A population contains 10 members under the age of 25
and 20 members over the age of 25. The sample will
include two people chosen at random under the age of 25
and four people chosen at random over 25.

36.The acquisition of treasury stock by a corporation:

increases its total assets and total stockholders equity.
requires that a gain or loss be recognized on the income
statement.

 has no effect on total assets and total stockholders equity.

decreases its total assets and total stockholders equity.

37.WellPoint Health Network states: WellPoint will redefine our

industry: through a new generation of consumer-friendly
products that put individuals back in control of their future. This
is an example of a:

Vision statement
Vague statement of direction
Strategic objective
Line mangers individual goal

38.If a corporation issued $8,000,000 in bonds which pay 5%

annual interest, what is the annual net cash cost of this
borrowing if the income tax rate is 30%?

$400,000
$120,000
$4,000,000
$280,000

39.International Financial Reporting Standards (IFRS):

implies that receivables with different characteristics

should be reported separately.
implies that receivables with different characteristics
should be reported as one un-segregated amount.
requires that receivables with different characteristics
should be reported as one un-segregated amount.
requires that receivables with different characteristics
should be reported separately.

40.Assume that the Fitzgerald Corporation uses the indirect

method to depict cash flows. Indicate where, if at all, accounts
receivable collected would be classified on the statement of
cash flows.
Does not represent a cash flow.
Operating activities section.
Financing activities section.
Investing activities section.

41.Shaw Industries, a giant carpet manufacturer, increases its

control over raw materials by producing much of its own
polypropylene fiber, a key input to its manufacturing process.
This is an example of _______________.
using related diversification to achieve value by
integrating vertically in order to acquire market power
using related diversification to achieve value by
leveraging core competencies to achieve economies of
scope
using related diversification to achieve value by pooling
negotiating power to achieve market power
using related diversification to achieve value by
integrating vertically in order to attain economies of scope

42.In multiple regression, plot the residuals against ____ to

detect changing variability.

The response variable

The predicted values
Collinear variables
All explanatory variables

43.On March 1st, Candy, Inc. had supplies on hand of $1,500.

During the month, Candy purchased supplies of $2,900 and
used supplies of $2,800. The March 31st balance sheet should
report what balance in their supplies account?

$2,800
$1,500
$1,600
$2,900

44.Which of the following requirements about internal controls

were enacted under the Sarbanes Oxley Act:
Companies must assess the functionality of internal
controls only when a violation occurs.
Companies must develop sound internal controls over
financial reporting.
Independent outside auditors must eliminate redundant
internal controls.
Internal auditors replace independent outside auditors
when evaluating the level of internal control.

45.The four key attributes of strategic management include the

idea that:
Strategy must be focused on competitor strengths.
Strategy must be directed toward overall organizational
goals and objectives.
Strategy must be focused on one specific area of an
organization.
Strategy must be focused on long-term objectives.

46.Which financial statement would best indicate whether the

company relies on debt or stockholders equity to finance its
assets?

Statement of cash flows

Retained earnings statement
Income statement
Balance sheet

47.When collection is made on Accounts Receivable,

total assets will decrease.

stockholders equity will increase.
total assets will increase.
total assets will remain the same.

48.The manager of Weiser is given a bonus based on net

income before taxes. The net income after taxes is $35,700 for
FIFO and $29,400 for LIFO. The tax rate is 30%. The bonus rate
is 20%. How much higher is the manager's bonus if FIFO is
adopted instead of LIFO?

$12,600
$9,000
$6,300
$1,800

49.Sampling is used heavily in manufacturing and service

settings to ensure high-quality products. In which of the
following areas would sampling be inappropriate?

Cell phone manufacturing

Custom cabinet making
Computer assembly
Technical support by phone

50.Interest may be included in the acquisition cost of a plant

asset:
if the asset is purchased on credit.

 during the construction period of a self-constructed asset.

if it is a part of a lump-sum purchase.
if the asset acquisition is financed by a long-term note
payable.

Want to download the Complete Assignment..?? Click

BUS 475 Capstone Final Examination Part 1

ACC 291 Final Exam
COM 295 Final Exam
COM 537 Final Exam
ECO 365 Final Exam
FIN 370 Final Exam (Newest)
FIN 571 Final Exam (Newest)
LAW 421 Final Exam
LAW 575 Final Exam
LDR 300 Final Exam
LDR 531 Final Exam
MKT 571 Final Exam
QNT 561 Final Exam

OPS 571 Final Exam

STR 581 Capstone Final Examination, Part Two
STR 581 Capstone Final Examination, Part Three
Download Complete Answers

http://www.uopeassignments.com/