Question 1

Match between columns
                        Premises: The reduction in price a firm receives when it places a large order.
The time between when an order is placed and when the inventory is received.
The amount of inventory to meet daily needs.
An inventory system that uses cards to identify when more inventory is needed.
Inventory level when order for more inventory is made.
The opportunity cost of not having inventory on hand when it is needed.
Inventory held to prevent a stockout

Accepted Answer

The Answer of Lead time and Stockout cost and Daily is...

Question 2

Which of the following is not one of the perspectives that compose the balanced scorecard approach?

Accepted Answer

A) financial 
B) internal processes 
C) learning and growth 
D) flexibility and efficiency 
A) financial 
B) internal processes 
C) learning and growth 
D) flexibility and efficiency

Question 3

What is the distinction between penetrating and predatory pricing?

Accepted Answer

Both penetrating and predatory pricing a

Question 4

The pricing strategy where a company initially sets the price of its product low and then raises it later on in the product's life cycle is called:

Accepted Answer

A) price skimming 
B) target pricing 
C) life-cycle pricing 
D) penetration pricing 
A) price skimming 
B) target pricing 
C) life-cycle pricing 
D) penetration pricing

Question 5

Julia B Enterprises generated the following income:
   Julia Barton,the president of Julia B Enterprises,wants to establish a bonus system.If the tax rate is 30%,what is President Barton's bonus under each of the three options below. 
A.Bonus based on Income before Bonus and Taxes using a bonus rate of 6%.
B.Bonus based on Income before taxes but the bonus is included in determining income before taxes and a 10% bonus rate.
C.  Bonus based on Income after Bonus and Taxes assuming a 10% bonus rate

Accepted Answer

A)Bonus =  (Income before bonus and taxe

Question 6

The four primary influences on selling price are:

Accepted Answer

A) product,variable costs,fixed costs,and mixed costs 
B) customers,competition,legal and social issues,and costs 
C) competition,variable costs,fixed costs,and mixed costs 
D) legal constraints,government regulations,costs and customers 
A) product,variable costs,fixed costs,and mixed costs 
B) customers,competition,legal and social issues,and costs 
C) competition,variable costs,fixed costs,and mixed costs 
D) legal constraints,government regulations,costs and customers

Question 7

A compensation method under which a company pays employees according to the number of items they produce during a given time-period is known as:

Accepted Answer

A) piece-rate pay 
B) deferred pay 
C) contract pay 
D) bonus pay 
A) piece-rate pay 
B) deferred pay 
C) contract pay 
D) bonus pay

Question 8

Match between columns
                        Premises: An environment in which there are many companies whose product/services are similar but not identical.
An environment where a few firms control the types of products and services and their distribution.
An environment where a large number of sellers produce and distribute virtually identical products and services.
A company that has exclusive control over a product, service, or geographic market.

Accepted Answer

The Answer of Pure Competition and Monopoly and Oligopoly and is...

Question 9

Which of the following is not a factor in the EOQ inventory model?

Accepted Answer

A) Annual demand for the inventory in units 
B) Cost of the inventory item 
C) Cost to place one additional order 
D) Cost to carry one additional unit in inventory 
A) Annual demand for the inventory in units 
B) Cost of the inventory item 
C) Cost to place one additional order 
D) Cost to carry one additional unit in inventory

Question 10

Match between columns
                        Premises: A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.
A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.
When a group of companies agree to limit supply and charge identical prices.
An additional amount over cost that is added to determine selling price.
Selling price less cost.
A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.
The practice of setting excessively high prices.
Selling products below cost in a foreign market.
The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.
A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.

Accepted Answer

The Answer of Price gouging and Target Pricing and Price is...

Question 11

A compensation method whereby employees are paid according to the amount they sell in a given time-period is known as:

Accepted Answer

A) commission-based compensation 
B) piece-rate compensation 
C) deferred compensation 
D) bonus compensation 
A) commission-based compensation 
B) piece-rate compensation 
C) deferred compensation 
D) bonus compensation

Question 12

Duracraft Industries' president receives a bonus equal to 5% of income before taxes.This bonus is included in the determination of income before taxes.Assuming the company's income before consideration of the bonus and taxes was $28,350,000,determine the amount of the president's bonus.

Accepted Answer

($28,350,000 - B)x 5

Question 13

Zeigler Corp's monthly payroll is $200,000.If the FICA rate is 7.65% ,income tax is withheld at a 15% rate,the State Unemployment (SUTA)
A)rate is 2.8% and the Federal Unemployment (FUTA)
A)tax rate is .8%,how much is withheld from the workers' wages
and how much does Malsom have to pay in payroll taxes?

Accepted Answer

The answer of Zeigler Corp's monthly payroll is $200,000.If the...

Question 14

Which of the following statements is false?

Accepted Answer

A) JIT is a pull system. 
B) JIT is a short-run model. 
C) The JIT philosophy is based on continuous improvement. 
D) JIT requires a company to have strong relationships with its suppliers. 
A) JIT is a pull system. 
B) JIT is a short-run model. 
C) The JIT philosophy is based on continuous improvement. 
D) JIT requires a company to have strong relationships with its suppliers.

Which of the following is not one of the perspectives that compose the balanced scorecard approach?

What is the distinction between penetrating and predatory pricing?

The pricing strategy where a company initially sets the price of its product low and then raises it later on in the product's life cycle is called:

The four primary influences on selling price are:

A compensation method under which a company pays employees according to the number of items they produce during a given time-period is known as:

Which of the following is not a factor in the EOQ inventory model?

A compensation method whereby employees are paid according to the amount they sell in a given time-period is known as:

Duracraft Industries' president receives a bonus equal to 5% of income before taxes.This bonus is included in the determination of income before taxes.Assuming the company's income before consideration of the bonus and taxes was $28,350,000,determine the amount of the president's bonus.

Which of the following statements is false?

Accounting and Business

Business Processes and Accounting Information

Operating Processes: Planning and Control

Short-Term Decision Making

Planning, The Balanced Scorecard, and Budgeting

Accounting Information Systems

Purchasinghuman Resourcespayment Process: Recording and Evaluating Expenditure Process Activities

Recording and Evaluating Conversion Process Activities

Recording and Evaluating Revenue Process Activities

Time Value of Money

Planning Investments: Capital Budgeting

Planning Equity Financing

Planning Debt Financing

Recording and Evaluating Capital Resource Process Activities: Financing

Recording and Evaluating Capital Resource Process Activities: Investing

Company Performance: Profitability

Company Performance: Owners Equity and Financial Position

Company Performance: Cash Flows

Company Performance: Comprehensive Evaluation

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Exam 5: Strategic Planning Regarding Operating Processes

Which of the following is not one of the perspectives that compose the balanced scorecard approach?

What is the distinction between penetrating and predatory pricing?

The pricing strategy where a company initially sets the price of its product low and then raises it later on in the product's life cycle is called:

The four primary influences on selling price are:

A compensation method under which a company pays employees according to the number of items they produce during a given time-period is known as:

Which of the following is not a factor in the EOQ inventory model?

A compensation method whereby employees are paid according to the amount they sell in a given time-period is known as:

Duracraft Industries' president receives a bonus equal to 5% of income before taxes.This bonus is included in the determination of income before taxes.Assuming the company's income before consideration of the bonus and taxes was $28,350,000,determine the amount of the president's bonus.

Which of the following statements is false?

Accounting and Business

Business Processes and Accounting Information

Operating Processes: Planning and Control

Short-Term Decision Making

Planning, The Balanced Scorecard, and Budgeting

Accounting Information Systems

Purchasinghuman Resourcespayment Process: Recording and Evaluating Expenditure Process Activities

Recording and Evaluating Conversion Process Activities

Recording and Evaluating Revenue Process Activities

Time Value of Money

Planning Investments: Capital Budgeting

Planning Equity Financing

Planning Debt Financing

Recording and Evaluating Capital Resource Process Activities: Financing

Recording and Evaluating Capital Resource Process Activities: Investing

Company Performance: Profitability

Company Performance: Owners Equity and Financial Position

Company Performance: Cash Flows

Company Performance: Comprehensive Evaluation

Filters