BUS 475 Capstone Final Exam Part 1 and 2 1. In the managerial function of __________, managers encourage and motivate workers to work toward organizational goals. 2.EBay.com is a vast auction site that is similar to a competitive market in some ways but differs from it in others. Which of the following describes how eBay resembles a competitive market? 3. From the point of view of consumer surplus and producer surplus, what problem was created when Thailand subsidized the cost of energy to consumers to help alleviate the burden of higher energy costs? 4. The following is an example of a moral value judgment: 5. Research on the five-stage model of group development shows that 6. A standardized language used to manipulate data is 7. Business communication is often more demanding than social communication because communication on the job is affected by 8. Communication is the process of 9. Aggregate demand management policies are designed most directly to 10. What is a subjective statement? 11. Brenda Butler, editor of the Republican, is trying to decide whether to take a job at a much larger newspaper or to become the CEO and publisher of the Republican. Brenda has to make this decision because of ________. 12. The __________ as the number of levels in the organizational hierarchy increases. 13. Why do some stores offer senior citizen discounts on Tuesdays? 14. What are the benefits of using IM in business communication? 15. Business environment pressures can come from which of the following? 16. The reliability of our observations is not better than the reliability of our ____________. 17. Utilitarianism is 18. Refer to the graph shown. With efficient production, this firm can maximize production at what point? 19. A valid contract must 20. �Fair use� is a defense to copyright infringement that 21. One of the advantages of a server farm is that 22. Remedies for a contract breach may include 23. The reason economists and accountants have problems using cost analysis in the real world is that 24. Which of the following is an ethical issue? 25. Personality within an individual typically evolves ________. 26. What are some rhetorical devices used in persuasive messages? 27. The Administrative Procedures Act 28. In a relational database, the customer record contains information regarding the customer�s last name. The last name is a(n): 29. What way can you build credibility with an audience when planning a persuasive message? 30. Which of the following groups would be most likely to benefit from a tariff on Japanese-manufactured light trucks (i.e., pickup trucks)? 31. What type of data visual would you use to illustrate trends over time? 32. Which of the following is a wireless technology? 33. Our most reliable source of information about the world is 34. Business ethics may be defined as 35. During an organizational confrontation meeting, __________ meet to confront the issue of whether the organization is effectively meeting its goals. 36. An argument consists of two parts: 37. How do you keep the audience�s attention? 38. __________ are part of the elements of creativity? 39. Administrative law primarily stems from 40. Suppose that at the current price consumers would like to purchase 10 million large-screen televisions and 15 million are available. When the market coordinates the demand and supply for large-screen televisions, the price of large-screen televisions will _______________. 41. Laura has dreamed of playing in a symphony. She practices her instrument every day and yet, year after year, she cannot successfully play the difficult musical piece necessary to try out. This is an example of 42. What are the three major steps in the writing process? 43. Transactional leaders motivate followers by 44. A(n) _____________________ allows unauthorized entry into a wireless network. 45. What does quality of hire mean? 46. Critical to the systems development life cycle is 47. A socially responsible company 48. One of the principal roles of the Judiciary is 49. A nation�s comparative advantage in the production of an item is determined by 50. According to Keynes, why might deflation create problems for an economy? BUS 475 Capstone Final Examination Part 2 1. Which of the following is the most important factor that affects a firm�s financing mix? 2. When an accountant makes an adjusting entry for accrued expenses, which statement best reflects what the accounts look like before the adjustment? 3. Which account will have a zero balance after a company has journalized and posted closing entries? 4. A __________ is an articulation of a simple criterion or characterization of what the leader sees the company must become to establish and sustain global leadership. 5. The market opportunities most relevant to a particular company are those that 6. Internal control is used in a business to enhance the accuracy and reliability of its accounting records and to . 7. What principle dictates that efforts (expenses) be recorded with results (revenues)? 8. The Oviedo Thespians are planning to present performances of their Florida Revue on two consecutive nights in January. It will cost them $5,000 per night for theater rental, event insurance, and professional musicians. The theater will also take 10% of gross ticket sales. How many tickets must they sell at $10.00 per ticket to break even? 9. Which of the four basic financial statements adds net income and subtracts dividends to arrive at its key data element at the end of each period? 10. H&R Block wants to analyze its clients� tax returns over the past 10 years for each of the client�s tax filings. The type of data generated will be ______________. 11. A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order (in thousands of dollars) is recorded, and then the time (in hours) required to fill the order and have it ready for shipping is determined. A scatterplot showing the times as the response variable and the dollar amounts (in thousands of dollars) as the predictor shows a linear trend. The least squares regression line is determined to be: y?= 0.76 +1.8x. A plot of the residuals versus the dollar amounts showed no pattern, and the following values were reported: Correlation r + 0.90; R 2 = 0.81; standard deviation of the residuals is 0.48. What percentage of the variation in the times required to prepare an order for shipping is accounted for by the fitted line? 12. National Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors� prices. NPE has a new product, the Gutenberg NP201, with some competitive advantages now, but competitors are expected to follow quickly with similar products. The new product is being introduced into a market with elastic demand. In regard to freight charges for its equipment, NPE�s invoice reads, �Seller pays the cost of loading equipment onto a common carrier. At the point of loading, title to such products passes to the buyer, who assumes responsibility for damage in transit, except as covered by the transportation agency.� National Printing Equipment�s new Gutenberg NP201 should probably use ________________. 13. __________ is the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message. 14. Identifying and assessing a company�s resource strengths and weaknesses and its external opportunities and threats is called a __________________. 15. Suppose Stock A has had a mean price of $6.58 per share with a standard deviation of $1.88, while Stock B has had a mean price of $10.57 per share with a standard deviation of $3.02. Which stock shows a higher coefficient of variation or volatility? 16. Which of the following will decrease the nominal deficit? 17. When predicting grade point average from the number of hours spent studying per week, the equation for the best fit line was found to be y? = 0.0855x + 0.944. What is the predicted grade point average of a student that studies 26 hours per week? 18. The main reason that vertical marketing systems are becoming more common is that 19. The appropriate alternative hypothesis for a two-tail test to determine if mean body weight of all the men who have joined a health club is the same as 185 pounds would be 20. Segmenting, in contrast to combining, 21. Which of the following statements about ethical behavior in business is true? 22. What is the present value of $12,500 to be received 10 years from today? Assume a discount rate of 8% compounded annually and round to the nearest $10
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