Question 1

A value chain for an industry sets forth:

Accepted Answer

A)  The layers of management the needed to be successful 
B)  Sequence of activities involved in the creation,manufacture,and distribution of its products. 
C)  Sequence of activities involved in a firm's research and development activities. 
D)  Whether the industry is horizontally or vertically integrated. 
A)  The layers of management the needed to be successful 
B)  Sequence of activities involved in the creation,manufacture,and distribution of its products. 
C)  Sequence of activities involved in a firm's research and development activities. 
D)  Whether the industry is horizontally or vertically integrated.

Question 2

The five economic attributes that are normally studied are demand,supply,manufacturing,____________________,and investing and financing.

Accepted Answer

The answer of The five economic attributes that are normally...

Question 3

Which of the following is not one of Porter's five forces?

Accepted Answer

A)  Buyer Power 
B)  Supplier Power 
C)  Threat of Regulation 
D)  Threat of Substitutes 
A)  Buyer Power 
B)  Supplier Power 
C)  Threat of Regulation 
D)  Threat of Substitutes

Question 4

Nonmonetary assets include assets that are ____________________,such as inventories,and assets that are ____________________ such as brand names.

Accepted Answer

The answer of Nonmonetary assets include assets that are ____________________,such...

Question 5

Opinions on the effectiveness of the internal control system and the fairness of the amounts reported in the financial statements are known as:

Accepted Answer

A)  Management Discussion and Analysis. 
B)  Assurance Opinions. 
C)  Notes to the Financial Statements 
D)  Management Assessments. 
A)  Management Discussion and Analysis. 
B)  Assurance Opinions. 
C)  Notes to the Financial Statements 
D)  Management Assessments.

Question 6

All of the following are the building blocks for financial statement analysis except:

Accepted Answer

A)  Targeting growth opportunities that diversify exchange rates,risk exposure,and political uncertainty. 
B)  Describing strategies that a firm pursues to differentiate itself from competitors in order to evaluate competitive advantages,sustainability of the firm's earnings,and its risks. 
C)  Evaluating the financial statements,including the accounting concepts and methods that underlie them and the quality of the information they provide. 
D)  Identification of the economic characteristics of the industries and the relation of those economic characteristics to the various financial statement ratios. 
A)  Targeting growth opportunities that diversify exchange rates,risk exposure,and political uncertainty. 
B)  Describing strategies that a firm pursues to differentiate itself from competitors in order to evaluate competitive advantages,sustainability of the firm's earnings,and its risks. 
C)  Evaluating the financial statements,including the accounting concepts and methods that underlie them and the quality of the information they provide. 
D)  Identification of the economic characteristics of the industries and the relation of those economic characteristics to the various financial statement ratios.

Question 7

Prepare an analysis of the grocery industry using Porter's Five Forces framework.For each component force provide support for your conclusion.In addition,at the of your analysis provide a conclusion,along with support,of whether you expect the grocery industry to report high or low profitability in the near future.

Accepted Answer

Suggested solution:
You may want to have

Question 8

Obtaining a competitive advantage by being the first company to introduce new concepts or ideas is referred to as ________________________________________.

Accepted Answer

first move

Question 9

What three financial statements are prepared by business firms and what information does each provide?

Accepted Answer

The answer of What three financial statements are prepared by...

Question 10

The Second step in financial statement analysis requires businesses to analyze strategies that will __________________________ itself from the firms' competitors.

Accepted Answer

The answer of The Second step in financial statement analysis...

Question 11

Resources that have the potential for providing a firm with future economic benefits are called ____________________.

Accepted Answer

The answer of Resources that have the potential for providing...

Question 12

Which of the following is a question an analyst would ask when assessing the quality of a firm's financial statements?

Accepted Answer

A)  Are the company's products designed to meet a specific market segment? 
B)  Has the firm integrated forward into retailing to final consumers? 
C)  Is the firm diversified across several geographical markets? 
D)  Do earnings include nonrecurring gains or losses? 
A)  Are the company's products designed to meet a specific market segment? 
B)  Has the firm integrated forward into retailing to final consumers? 
C)  Is the firm diversified across several geographical markets? 
D)  Do earnings include nonrecurring gains or losses?

Question 13

Under the Sarbanes-Oxley Act ____________________ assumes responsibility for establishing and maintaining adequate internal control structure and procedures.

Accepted Answer

The answer of Under the Sarbanes-Oxley Act ____________________ assumes responsibility...

Question 14

Normally,intense rivalries have a tendency to reduce ____________________.

Accepted Answer

The answer of Normally,intense rivalries have a tendency to reduce...

Question 15

Statements that express all items in a particular financial statement as a percentage of some common base are called _________________________ statements.

Accepted Answer

The answer of Statements that express all items in a...

Question 16

Which of the following is not a characteristic of an extraordinary item?

Accepted Answer

A)  Material in amount. 
B)  Nonrecurring. 
C)  Unusual given the nature of the firm's activities. 
D)  Requires a cash outflow. 
A)  Material in amount. 
B)  Nonrecurring. 
C)  Unusual given the nature of the firm's activities. 
D)  Requires a cash outflow.

Question 17

The main components that make up the stockholder's equity section of the balance sheet are _________________ and ___________________.

Accepted Answer

retained e

Question 18

The two categories of shareholders' equity usually found on the balance sheet of a corporation are:

Accepted Answer

A)  Contributed capital and property,plant,and equipment. 
B)  Retained earnings and notes payable. 
C)  Common stock and retained earnings. 
D)  Contributed capital and equity securities. 
A)  Contributed capital and property,plant,and equipment. 
B)  Retained earnings and notes payable. 
C)  Common stock and retained earnings. 
D)  Contributed capital and equity securities.

Question 19

Why is the operating activities section of the statement of cash flows often believed to be the most important part of the statement?

Accepted Answer

A)  Because it shows the dividends that have been paid to stockholders. 
B)  Because it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. 
C)  Because shows the net increase or decrease in cash during the period. 
D)  Because it gives the most information about how operations have been financed. 
A)  Because it shows the dividends that have been paid to stockholders. 
B)  Because it indicates a company's ability to generate cash from sales to meet current cash payments for goods or services. 
C)  Because shows the net increase or decrease in cash during the period. 
D)  Because it gives the most information about how operations have been financed.

Question 20

Which of these would be considered Property,Plant,and Equipment?

Accepted Answer

A)  Trademark 
B)  Office Building 
C)  Patent 
D)  Goodwill 
A)  Trademark 
B)  Office Building 
C)  Patent 
D)  Goodwill

A value chain for an industry sets forth:

The five economic attributes that are normally studied are demand,supply,manufacturing,____________________,and investing and financing.

Which of the following is not one of Porter's five forces?

Nonmonetary assets include assets that are ,such as inventories,and assets that are such as brand names.

Opinions on the effectiveness of the internal control system and the fairness of the amounts reported in the financial statements are known as:

All of the following are the building blocks for financial statement analysis except:

Obtaining a competitive advantage by being the first company to introduce new concepts or ideas is referred to as ________________________________________.

What three financial statements are prepared by business firms and what information does each provide?

The Second step in financial statement analysis requires businesses to analyze strategies that will __________________________ itself from the firms' competitors.

Resources that have the potential for providing a firm with future economic benefits are called ____________________.

Which of the following is a question an analyst would ask when assessing the quality of a firm's financial statements?

Under the Sarbanes-Oxley Act ____________________ assumes responsibility for establishing and maintaining adequate internal control structure and procedures.

Normally,intense rivalries have a tendency to reduce ____________________.

Statements that express all items in a particular financial statement as a percentage of some common base are called _________________________ statements.

Which of the following is not a characteristic of an extraordinary item?

The main components that make up the stockholder's equity section of the balance sheet are _ and ___.

The two categories of shareholders' equity usually found on the balance sheet of a corporation are:

Why is the operating activities section of the statement of cash flows often believed to be the most important part of the statement?

Which of these would be considered Property,Plant,and Equipment?

Asset and Liability Valuation and Income Recognition

Income Flows Versus Cash Flows: Understanding the Statement of Cash Flows

Profitability Analysis

Risk Analysis

Accounting Quality

Financing Activities

Investing Activities

Operating Activities

Forecasting Financial Statements

Risk-Adjusted Expected Rates of Return and the Dividends Valuation Approach

Valuation: Cash-Flow-Based Approaches

Valuation: Earnings-Based Approaches

Valuation: Market-Based Approaches

Filters

Exam 1: Overview of Financial Reporting,financial Statement Analysis,and Valuation

A value chain for an industry sets forth:

The five economic attributes that are normally studied are demand,supply,manufacturing,____________________,and investing and financing.

Which of the following is not one of Porter's five forces?

Nonmonetary assets include assets that are ____________________,such as inventories,and assets that are ____________________ such as brand names.

Opinions on the effectiveness of the internal control system and the fairness of the amounts reported in the financial statements are known as:

All of the following are the building blocks for financial statement analysis except:

Obtaining a competitive advantage by being the first company to introduce new concepts or ideas is referred to as ________________________________________.

What three financial statements are prepared by business firms and what information does each provide?

The Second step in financial statement analysis requires businesses to analyze strategies that will __________________________ itself from the firms' competitors.

Resources that have the potential for providing a firm with future economic benefits are called ____________________.

Which of the following is a question an analyst would ask when assessing the quality of a firm's financial statements?

Under the Sarbanes-Oxley Act ____________________ assumes responsibility for establishing and maintaining adequate internal control structure and procedures.

Normally,intense rivalries have a tendency to reduce ____________________.

Statements that express all items in a particular financial statement as a percentage of some common base are called _________________________ statements.

Which of the following is not a characteristic of an extraordinary item?

The main components that make up the stockholder's equity section of the balance sheet are _________________ and ___________________.

The two categories of shareholders' equity usually found on the balance sheet of a corporation are:

Why is the operating activities section of the statement of cash flows often believed to be the most important part of the statement?

Which of these would be considered Property,Plant,and Equipment?

Asset and Liability Valuation and Income Recognition

Income Flows Versus Cash Flows: Understanding the Statement of Cash Flows

Profitability Analysis

Risk Analysis

Accounting Quality

Financing Activities

Investing Activities

Operating Activities

Forecasting Financial Statements

Risk-Adjusted Expected Rates of Return and the Dividends Valuation Approach

Valuation: Cash-Flow-Based Approaches

Valuation: Earnings-Based Approaches

Valuation: Market-Based Approaches

Filters

Nonmonetary assets include assets that are ,such as inventories,and assets that are such as brand names.

The main components that make up the stockholder's equity section of the balance sheet are _ and ___.