QUESTION What is another term for income statement? A) profit and loss statement B) general ledger statement C) business value statement D) revenue and expense statement ANSWER A
Date: September 3rd, 2020
QUESTION An income statement measures A) a company’s budget for the coming year and the resources needed to fund the projects in the budget. B) a company’s cash flow recorded over the course of one year of selling to customers. C) a company’s net profit by tracking the firm’s revenues and expenses during a given […]
Date: September 3rd, 2020
QUESTION Mergers and acquisitions are different methods to diversify risk. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Suppose you have put $50 in an interest-bearing account and you want to double the amount of money in the account. What calculation would you use to determine how many years it would take to double your money? A) Divide 50 by the interest rate and add 2. B) Divide 72 by the interest […]
Date: September 3rd, 2020
QUESTION The long tail describes the idea that companies can succeed selling a few units of millions of products. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION The income statement, cash flow statement, and balance sheet are all equally important to business operation. Indicate whether the statement is true or false ANSWER TRUE
Date: September 3rd, 2020
QUESTION Income is A) the amount of cash a company deposits in its bank during one year. B) the amount of cash a company expects to bring in during the coming year. C) the amount of money a company generates during a period of time. D) the total amount of money received by a company […]
Date: September 3rd, 2020
QUESTION Which of the following is a well-stated business goal? A) “Strengthen our ability to manufacture products without error.” B) “Enhance morale and engagement throughout our workforce.” C) “Improve our ability to innovate new products and services.” D) “Increase revenues twofold by the end of the fiscal year.” ANSWER D
Date: September 3rd, 2020
QUESTION In a company using open book management, which of the following incentives would likely motivate the majority of employees to improve their performance? A) vacations to resorts on distant, exotic locations B) gift certificates to local cultural and sports events C) a profit-sharing or equity-sharing program D) a bonus check that is a specific […]
Date: September 3rd, 2020
QUESTION Financial statements help managers and employees A) understand their company’s previous, current, and possibly future performance. B) improve their standard of living but not their quality of life. C) select other companies that may be worth investing in. D) distinguish differences between their company’s and rival companies’ offerings. ANSWER A
Date: September 3rd, 2020
