Deck 20: Careers in Business

Question 1

A tax accountant is responsible for:

A)a broad range of accounting,auditing,tax,and consulting activities for clients.
B)tax planning and tax return preparation.
C)the accuracy of the organization's internal records.
D)auditing individuals whose activities are subject to government regulations or taxation.

Answer 1

B
Explanation: A tax accountant is responsible for tax planning and tax return preparation.He requires an understanding of tax laws and other regulations for individuals,estates,trusts,and businesses (both large and small).Is frequently consulted for the legal/tax structuring of new business ventures to ensure the most beneficial application of tax regulations.

Question 2

Which individual in the accounting field reviews company operations,evaluates their efficiency,and effectiveness,and compliance with corporate policies and procedures,laws,and government regulations?

A)Public accountant
B)Chief financial officer
C)Internal auditor
D)Tax accountant

Answer 2

C
Explanation: Internal auditor verifies the accuracy of the organization's internal records and checks for mismanagement,waste,or fraud.Internal auditors examine and evaluate their firms' financial and information systems,management procedures,and internal controls to ensure that records are accurate and controls are adequate to protect against fraud and waste.

Question 3

Who is the accountant who prepares financial reports for other groups,including stockholders,creditors,regulatory agencies,and tax authorities?

A)Public accountant
B)Internal auditor
C)Management accountant
D)Tax accountant

Answer 3

C
Explanation: Management accountant is also called cost,managerial,industrial,corporate,or private accountant.He records and analyzes the financial information of the companies for which he works.His other responsibilities are budgeting,performance evaluation,cost management,and asset management.

Question 4

In what accounting area do positions such as auditors involve enforcement of federal laws and regulations?

A)Educational accountant
B)Industrial accountant
C)Public accountant
D)Government accountant

Question 5

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

A)Managing investor relations
B)Auditing and tax advisory
C)Daily financial affairs
D)Managing financial risks

Question 6

Who is the corporate officer responsible for financial planning and record keeping,as well as financial reporting to higher management?

A)Database management officer
B)Chief financial officer
C)Accountant information officer
D)Financial planner

Question 7

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

A)bank loan officer
B)corporate treasurer
C)corporate financial analyst
D)portfolio manager

Question 8

What area of IT knowledge is needed by accountants in order to secure the assets of a company?

A)Network security
B)Web Research
C)Spreadsheets
D)Accounting security systems

Question 9

The _____ has responsibilities that include management of inventory investment,accounts receivable investment,and cash management.

A)bank loan officer
B)corporate treasurer
C)corporate financial analyst
D)security analyst

Question 10

The _____ typically works for institutions such as mutual funds or insurance companies.

A)portfolio manager
B)bank loan officer
C)security analyst
D)trust officer

Question 11

Which IT tool allows the financial professional to forecast future cash flows and evaluate changes in assumptions?

A)Statistical packages
B)Database management
C)Spreadsheet modeling
D)Digital dashboard

Question 12

Which IT tool allows the financial professional to identify and measure the risk inherent in a project?

A)Statistical packages
B)Database management
C)Spreadsheets
D)Web browsers

Question 13

_____ is a means of controlling accounts receivable and accounts payable,both for individuals and businesses.

A)Statistical packages
B)Database management
C)Spreadsheet
D)Automated bill payment

Question 14

Which IT environment allows accountants to quickly research new government rules and regulations?

A)Database management systems
B)Web Research
C)Accountant information systems
D)Network systems

Question 15

In _____ accounting,the accountant serves as an outside advisor to business organizations.

A)government
B)public
C)nonprofit
D)education

Question 16

Which of the following characteristics of hospitality businesses is true?

A)The customers have similar needs and expectations.
B)There is simultaneous production and consumption of services.
C)They have fixed demand curves.
D)There isn't a need to manage labor and operating costs very closely.

Question 17

In business and municipal issuers of bonds,the _____ serves to ensure that the interests of the investors are met by the issuer.

A)bank loan officer
B)corporate treasurer
C)trust officer
D)security analyst

Question 18

Which major form of accounting involves working within a company to manage investor relations,banking relations,daily financial affairs,and planning new products and services?

A)Public practice
B)Non-profit
C)Government
D)Industry

Question 19

Which IT system allows accountants to quickly build ad hoc reports and make structural changes in the organizational data?

A)Accounting information systems
B)Web systems
C)Spreadsheets
D)Database management systems

Question 20

The _____ is responsible for controlling the cash needs of the corporation.

A)corporate financial analyst
B)corporate treasurer
C)bank loan officer
D)portfolio manager

Question 21

In the area of hospitality and tourism management,which of the following job positions is responsible for the accounting and financial aspects of the operation?

A)Director of human resources
B)Controller
C)General manager
D)Director of operations

Question 22

In the area of information technology,which of the job positions listed below is responsible for facilitating the development of a network-based IT system that support e-commerce activities?

A)Network engineer
B)Programmer
C)Web services expert
D)Database designer/developer

Question 23

Which of the following systems allows managers to analyze and interpret information,model the business under different scenarios,and make informed and timely decisions?

A)Decision support systems
B)Distribution channel management systems
C)Spreadsheets
D)Customer relationship management systems

Question 24

In hospitality and tourism management,which of the following positions would be responsible for overseeing the entire operation?

A)General manager
B)Controller
C)Director of sales and marketing
D)Director of human resources

Question 25

In Hospitality and Tourism Management,which of the following positions would be in charge of all guest service functions in a hotel?

A)Guest service manager
B)Revenue manager
C)Director of room operations
D)Director of human resources

Question 26

Which of the following technologies underlies most hospitality applications?

A)Database management
B)Accounting information systems
C)Spreadsheets
D)Statistical packages

Question 27

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

A)Project manager
B)Human resources manager
C)Entrepreneur
D)Business development manager

Question 28

Which of the following include a variety of hardware and software associated with the capturing,creating,and manipulating of information in forms other than text and numbers?

A)Object-oriented databases
B)Data warehouses
C)Web systems
D)Multimedia tools

Question 29

Who oversees the use of information as an important organizational resource?

A)Chief information officer
B)Lead programmers
C)Business information analysts
D)Database managers

Question 30

What type of IT system helps project managers develop various requirements,budgets,and schedules for projects?

A)Spreadsheets
B)Database management and integration
C)Project planner
D)Internet and Web Portals

Question 31

In the area of information technology,which of the job positions listed below is responsible for developing security and encryption algorithms?

A)Database security developer
B)Security programmer
C)Network security engineer
D)Network security specialists

Question 32

The _____ interview managers and employees while observing their operations.

A)project manager
B)human resources manager
C)management analysts
D)entrepreneur

Question 33

Which of the following are support software tools used for logical and technical modeling and writing software?

A)Programming languages
B)Databases
C)Development platforms
D)Data warehouses

Question 34

In the area of information technology,which of the following job positions is responsible for working with end users to determine information requirements for a new IT system,and then designing and implementing a database solution?

A)Data warehouse analyst/developer
B)Programmer
C)Web services expert
D)Database designer/developer

Question 35

The _____ is responsible for setting rates,restrictions,and selling strategies for hotel rooms.

A)director of human resources
B)controller
C)general manager
D)revenue manager

Question 36

The _____ is responsible for working with end users to determine the logical requirements for a new IT system and then building the technical design documents that a programmer will use to write the software.

A)Web services expert
B)programmer
C)business analyst
D)network engineer

Question 37

In the area of information technology,the _____ is responsible for taking technical design documents concerning a new IT system and writing the software.

A)Web services expert
B)programmer
C)business analyst
D)database manager

Question 38

In Hospitality and Tourism Management,who oversees the facility,maintenance,and equipment?

A)Guest service manager
B)Director of Engineering
C)Director of room operations
D)Director of Housekeeping

Question 39

Which type of manager handles compensation and benefit decisions?

A)Sales managers
B)Public relations managers
C)Supply function manager
D)Human resources manager

Question 40

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

A)Project managers
B)Retail managers
C)Management analysts
D)Supply chain managers

Question 41

What type of software encompasses e-mail and contact management software that enables marketing professionals to track their contacts with customers?

A)Database management
B)Accounting information systems
C)Desktop systems
D)Communications support

Question 42

Which of the following marketing positions is responsible for increasing the profitability of sales for a given product line,along with expanding that line?

A)Account manager
B)Product manager
C)Marketing coordinator
D)Product development manager

Question 43

What type of IT system is used by managers to analyze natural resources?

A)Geographical information systems
B)Enterprise resource planning
C)Database management
D)Internet and Web portals

Question 44

_____ allows marketing professionals to explore a variety of "what if" scenarios for a given situation or campaign.

A)DBMS
B)CRM
C)Budget analysis/impact software
D)Data mining

Question 45

What type of software enables the marketing professional to develop "copy" materials for advertisements?

A)Desktop publishing
B)Database management
C)Communication support
D)Word processing

Question 46

Which of the following marketing positions is responsible for designing marketing solutions for all forms of advertising?

A)Creative director
B)Marketing coordinator
C)Account manager
D)Creative marketing specialist

Question 47

In real estate and construction management,what information technology tool provides for digital imaging of architectural designs that allows users to test the results of changes in layout and design on the functionality and efficiency of a building?

A)Computer aided design
B)Spreadsheet modeling
C)Geographic information system
D)Web portals

Question 48

In real estate and construction management,what job title has the responsibility for analyzing information on operating costs as well as preparation of the annual budget for the properties?

A)Commercial real estate appraiser
B)Construction manager
C)Property manager
D)Real estate financial analyst

Question 49

The use of _____ allows professionals to store and share project documents,schedules,and other information 24 × 7 in a real-time environment.

A)Computer aided design
B)Spreadsheet modeling
C)Geographic information system
D)Web portals

Question 50

In real estate and construction management,a _____ may acquire land for new development or older properties for redevelopment.He/she also assists the company in these endeavors as a part of the development team.

A)real estate financial analyst
B)real estate brokers
C)real estate development representative
D)real estate development managers

Question 51

The _____ develops,coordinates,and executes marketing strategies aimed at a select number of customers.

A)account manager
B)product manager
C)marketing coordinator
D)product development manager

Question 52

What IT tools offer marketing professionals a way of summarizing large amounts of information and viewing it from different perspectives?

A)Communication support
B)Budget analysis/impact software
C)Database management
D)Data warehouses and data-mining

Question 53

Which of the following production and operation management jobs is responsible for determining human resource allocations within a manufacturing environment?

A)Operations analyst
B)Production scheduler
C)Inventory manager
D)Quality assurance analyst

Question 54

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

A)Real estate development representatives
B)Real estate brokers
C)Property managers
D)Real estate development managers

Question 55

In real estate and construction management,what job title is responsible for preparing very complex and detailed reports and is called upon to testify in court proceedings and act as a consultant?

A)Commercial real estate appraiser
B)Commercial real estate loan officer
C)Property manager
D)Real estate development manager

Question 56

A _____ oversees the daily construction activities at the work site,including project scheduling,delivery of equipment and materials,and progress of the project.

A)real estate development representative
B)real estate development manager
C)construction field superintendent
D)construction manager

Question 57

Which of the following is not a typical job title in marketing?

A)Market development manager
B)Account manager
C)Product manager
D)Operations analyst

Question 58

In production and operations,what job title works extensively with supply chain management systems to integrate logistic solutions within the company's supply chain activities?

A)Logistics analyst
B)Statistical/research analyst
C)Statistical and data-mining analyst
D)Logistics administrator

Question 59

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?

A)Operations analyst
B)Inventory manager
C)Purchasing manager
D)Production scheduler

Question 60

What discipline needs a strong understanding of urban economics,consumer behavior,and finance and regulatory issues?

A)Marketing
B)Finance
C)Accounting
D)Real estate and construction management

Question 61

The study of finance draws heavily from three different academic disciplines: HR,marketing,and operations.

Question 62

A chief financial officer is a corporate officer primarily responsible for managing the financial risks of the business or agency.

Question 63

One of the primary responsibilities for industry accountants includes tax advisory services,which involves helping businesses plan the most beneficial structure and practices for applying tax rules and regulations.

Question 64

In Hospitality and Tourism Management,a director of room operations is responsible for setting rates,restrictions,and selling strategies for hotel rooms and for managing room inventory.

Question 65

In the IT field,a database developer is responsible for taking technical design documents concerning a new IT system and writing the software.

Question 66

Database management is an important skill for Hospitality and Tourism Management since most hospitality applications are based on databases.

Question 67

Knowledge of the computer systems and networks is required to assure the security of the company's information.

Question 68

IT people need to possess a solid understanding of the business environment and need to have people-oriented and communications skills.

Question 69

In the area of finance,the corporate financial analyst deals with the cash-budgeting process to identify whether the corporation has a cash surplus or deficit.

Question 70

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

Question 71

In public accounting,the accountant serves as an outside advisor to business organizations.

Question 72

Internal auditors analyze and interpret financial information needed by corporate executives in order to make sound business decisions.

Question 73

To work in the financial field,individuals require an advanced knowledge of spreadsheet modeling.

Question 74

A management accountant's responsibilities include budgeting,performance evaluation,cost management,and asset management.

Question 75

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

Question 76

In the hospitality and tourism field,the general manager is responsible for accounting and the financial aspects of the operation.

Question 77

Industry accounting is working within a company to manage investor relations,banking relations,daily financial affairs,and plan new products or services.

Question 78

_____ is the industry standard commercial real estate cash flow projection,transaction analysis,and asset valuation solution.

A)Oracle RE
B)SAP RealEstate
C)ARGUS Valuation DCF
D)CoStar

Question 79

In the area of finance,a security analyst focuses on computer security.

Question 80

Travel 2.0 is a term coined to reflect the next generation of Internet developments occurring in the travel space.