Exam 20: Careers in Business

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In the accounting field,_____ accountants usually are part of executive teams involved in strategic planning or new product development.

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management
Explanation: In the accounting field,management accountants usually are part of executive teams involved in strategic planning or new product development.

Commercial real estate loan officers require familiarity with financial analysis and modeling.

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True

_____ act as a liaison between purchaser and seller to ensure a fair trade.

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B

Which of the following production and operations management jobs works directly with suppliers to develop programs that result in the low-cost acquisition of high-quality materials?

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In real estate and construction management,_____ estimate the value of property using systematic procedures,judgment,and statistics and may also be called on to provide expert testimony in legal proceedings.

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Programming languages are special-purpose languages that programmers use to write the actual software code.

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In the information technology field,a(n)_____ requires tremendous expertise in programming languages such as Java,ASP,and C++.

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Brand managers work closely with marketing communications and market development professionals to help the company achieve a competitive advantage through its branding efforts.

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_____ are responsible for day-to-day management of a department or store.

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The tax accountant is frequently consulted for the legal/tax structuring of new business ventures to ensure the most beneficial application of tax regulations.

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A(n)_____ uses statistical and other analyses to automate the loan underwriting process,loan origination,collateral scoring,and appraisal.

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The _____ works with individuals,small businesses,and large corporations to provide funds for their spending needs.

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_____ act as a liaison between purchaser and seller to ensure a fair trade.

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Which of the following is a primary area of responsibility for public accountants?

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In production and operations,a purchasing manager can be expected to negotiate terms of contracts with suppliers.

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Government accounting involves helping individuals figure out their federal tax returns.

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Which type of manager recruits,trains,and enables subordinates to identify and exploit revenue opportunities with business partners?

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Before an accountant can properly audit an accounting system,they must understand the ______ to follow transactions through the system.

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A business development manager is responsible for defining the nature and extent of problems and finding solutions.

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GIS aids in site selection,feasibility analysis,and investment strategy by combining spatial and tabular information allowing the real estate professional to use maps that are alive and relevant.

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