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Business
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Data Recovery Systems (DRS) has a degree of operating leverage (DOL), equal to 3.2, and a degree of total leverage (DTL), equal to 8. DRS forecasts that this year’s sales will be $300,000, and that EB
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Business
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Suppose that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows: a. If the number of suppliers is large, what would be the price and quantity? b. If there is only one supplier, what would be the price and
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Business
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Phrases for work experience may include: A) Planned, scheduled, and performed clerical work B) Provided training for new employees C) Processed and prepared materials D) All of the above
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Accounting
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Blinka Retailers accepted $50,000 of Citibank Visa credit card charges for merchandise sold on July 1. Citibank charges 4% for its credit card use. The entry to record this transaction by Blinka Retailers will include a credit to Sales Revenue of $50,000
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Business processes
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How has Dell used its direct sales and build-to-order model to develop an exceptional supply chain?
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Business
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How does a spot loan differ from a loan commitment? What are the advantages and disadvantages of borrowing through a loan commitment?
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Business
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What are the necessary skills for the Secretary of Defense?
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Business
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Illustrate a potential supply chain for non-profit charity (heart foundation). This should be a visual representation of the supply chain and should illustrate (i) potential sources of raw materials, (ii) logistics and warehousing requirements, (iii) s
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Business
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Mr. Merrill Lynch is planning on investing in stocks. He is considering three different types of stocks, ABC, DEF, and XYZ to choose from under two possible states, good and bad. As a result of favo
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Economics
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Whereas most websites and online web services must continually update and improve user design, Craigslist, a classified advertisements website, has remained largely the same since 1996. What phenomenon might explain this? a.) Craigslist’s founder did no
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Finance
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The Wendt Corporation had $10.5 of taxable income. A. What is the company’s federal income tax bill for the year? b. Assume the firm receives an additional $1 million of interest income from some bonds it owns. What is the tax of this interest income?
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Business
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What is the investment demand curve? Discuss the nature of the investment demand curve.
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Business
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The operations manager for a large law office must choose between two different copiers to lease. A regular copier, which costs $8 per hour to lease, can complete a copying job in 6 minutes, on averag
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Management
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What is the difference between core and extended ERP components?
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Administration
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The goal of strategic management is to A) achieve competitive advantage. B) maintain competitive advantage. C) achieve and maintain competitive advantage. D) eliminate competitive advantage. E) eliminate and abolish competitive advantage.
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Economics
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Kleen Karpet cleaned 65 rugs in October, consuming the following resources: Labor: 520 hours at $13 per hour Solvent: 100 gallons at $5 per gallon Machine rental: 20 days at $50 per day a. What is labor productivity? b. What is multifactor productivity
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Finance
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Find the following values, using the equations, and then work the problems using a financial calculator to check your answers. Disregard rounding differences. (Hint: If you are using a financial calcu
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International business
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If the exchange rate value of the British pound goes from U.S.$1.75 to U.S.$1.55, then the pound has: a. Appreciated and the British will find U.S. goods cheaper. b. Appreciated and the British will f
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Finance
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Midwest Electric Company (MEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of r_d = 10% as long as it finances at its target capital structure, which calls for 45% debt and 55% common equity. Its last dividend (D_
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Business
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Which of the following provides general guidelines for making compensation decisions? A) pay leaders B) market rates C) compensation policies D) compensation packages
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Business
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In auditing a privately held entity, an auditor must follow the professional standards established by all of the following except: A. The AICPA’s Auditing Standards Board B. The Professional Code of Conduct C. The Independence Standards Board D. The P
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Business
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What is the role of financial management in the contemporary scenario?
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Investments
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The Netscape IPO was severely under priced. This occurred even though the offering price of $28 had already been doubled from a planned $14 just weeks earlier. Should Netscape be upset with Morgan Stanley over the remaining underpricing?
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Business
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The balance sheet of the Thompson Trucking Company (TTC) follows Current assets $9.65 Account Payable $4.78 Net fixed assets 15.16 Note payable 0.00 Total $24.81 Bond Payable 9.95 Common equity 10
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Business
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What’s the difference between a stock brokerage firm and a company like Goldman Sachs?
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Business
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QUESTION 3 Can accounting profit be positive while economic profits are negative? a. No. The two concepts are identical. b. Yes, if total revenue covers opportunity costs but not explicit costs.
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Business
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What is the difference between media science and mass communication?
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Business
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An important implicit cost of almost every business is: a. the cost of accounting services. b. the cost of compliance with government regulations. c. the return that capital invested in the business could have earned elsewhere. d. interest payments on deb
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Business
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Northwestern savings and loan has a current capital structure consisting of $250,000 of 16% (annual interest) debt and 2,000 shares of common stock. The firm pays taxes at the rate of 40%. a. Using EBIT values of $80,000 and $120,000, determine the associ
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Economics
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Maddox, a division of Stanley Enterprises, currently performs computer services for various departments of the firm. One of the services has created a number of operating problems, and management is exploring whether to outsource the service to a consulta
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Accounting
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Company A used $3,000 worth of office supplies this year but the costs were not paid for until next year. Which of the following is not a result of this transaction? a. An expense of $3,000 is recorded on this year’s income statement. b. There is a $3,000
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Accounting
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Balance Sheet for a non-profit contains all of the following except: a. Organization’s assets b. Organization’s liabilities c. Stockholders’ equity d. Cash flow
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Finance
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MGM Resorts International owns and operates hotels and casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 and
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Economics
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What are some variable costs for an app development?
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Business
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A firm pursuing a best-cost provider strategy: A. Seeks to be the low-cost provider in the largest and fastest growing (or best) market segment B. Tries to have the best cost (as compared to rivals) for each activity in the industry’s value chain C. Tries
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Business
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Julia works as a receptionist in a real estate company. One morning, her boss comes in the door and yells at her, telling her that the front office is a mess and that she needs to get up and clean it immediately. After her boss leaves the room, Julia grab
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Economics
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When a small firm expands the scale of its operations, why does it usually first experience increasing returns to scale? When the same firm grows to be extremely large, why might a further expansion of the scale of operation generate decreasing returns to
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Organizational theory
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Which of the following could be a statutory employee? a) a licensed real estate agent. b) a direct seller. c) a life insurance sales agent who deals primarily with one carrier. d) an independent contractor.
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Business
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The price of a house in Year 1 was $50,000. If the price index for Year 1 is 101 and for Year 2 is 202, the value of the house in Year 2 is: A. $150,000 B. $55,000 C. $75,000 D. $100,000
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Administration
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HR and line managers share responsibility for most human resource activities. a. True b. False
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