Research and Statistical Analysis
Research/statistical analysis:
Data Acquisition
Evaluation of source data
Probability
Forecasting
Information creation
Use of assumptions
72. Which of the following types of marketing research firms would best be described as being one that gathers consumer and trade information which they sell for a fee; for example, Nielsen Media Research?
a. 0 Custom marketing research firms
b. 0 Syndicated-service research firms
c. 0 Specialty-line marketing research firms
d. 0 General-line marketing research firms
e. 0 Non-profit marketing research firms
73. A scatter diagram
a. 0 is a graphic tool designed to portray the relationship between variables and uses interval or ratio scale data
b. 0 only relies on ration scale data
c. 0 does not allow negative values.
d. 0 is a graphic tool designed to portray the relationship between nominal data
e. 0 is not a reliable measurement of data
74. Events are independent if
a. 0 by virtue of one event happening another cannot.
b. 0 the probability of their occurrence is greater than 1.
c. 0 we can count the possible outcomes.
d. 0 the probability of one event happening does not affect the probability of another event happening
e. 0 none of these
75. If a marketing researcher selects the most accessible population members, he or she would have selected the ________ sampling method.
a. 0 simple random
b. 0 stratified random
c. 0 cluster
d. 0 judgment
e. 0 convenience
76. Which source of evidence to support experimental results is most threatened by the use of a field experiment?
a. 0 Agreement between the IV and DV
b. 0 Time order of the occurrence of the variables
c. 0 Control of contamination from extraneous variables
d. 0 Use of a control group
e. 0 Manipulation of the IV
77. A _____ scale is a scale that scores an object or property without making a direct comparison to another object or property
a. 0 ranking
b. 0 rating
c. 0 categorization
d. 0 sorting
e. 0 recording
Showing posts with label STR. Show all posts
Showing posts with label STR. Show all posts
Tuesday, June 12, 2012
STR Information Systems Section A
Information Systems Section
Information Systems
Information systems/technology
E-commerce
70. The modern business environment has all of the following characteristics EXCEPT
a. 0 global
b. 0 interconnected
c. 0 competitive
d. 0 relatively static
e. 0 real-time
71. The difference between target marketing and mass marketing is that target marketing
a. 0 means focusing on a small market
b. 0 focuses on short-run objectives, while mass marketing focuses on long-run objectives
c. 0 focuses on specific customers, while mass marketing aims at an entire market
d. 0 does not rely on e-commerce but mass marketing does
e. 0 aims at increased sales, while mass marketing focuses on increased profits
Information Systems
Information systems/technology
E-commerce
70. The modern business environment has all of the following characteristics EXCEPT
a. 0 global
b. 0 interconnected
c. 0 competitive
d. 0 relatively static
e. 0 real-time
71. The difference between target marketing and mass marketing is that target marketing
a. 0 means focusing on a small market
b. 0 focuses on short-run objectives, while mass marketing focuses on long-run objectives
c. 0 focuses on specific customers, while mass marketing aims at an entire market
d. 0 does not rely on e-commerce but mass marketing does
e. 0 aims at increased sales, while mass marketing focuses on increased profits
STR Economics Section A
Economics Section
Economic: ECO/561
Managerial economics
69. When drawing demand and supply curves, economists are assuming that the primary influence on production and purchasing decisions is
a. 0 price
b. 0 the cost of production
c. 0 the overall state of the economy
d. 0 consumer incomes
e. 0 real GDP
Economic: ECO/561
Managerial economics
69. When drawing demand and supply curves, economists are assuming that the primary influence on production and purchasing decisions is
a. 0 price
b. 0 the cost of production
c. 0 the overall state of the economy
d. 0 consumer incomes
e. 0 real GDP
STR Legal/Political: LAW/531 A
Legal/Political Section
Legal/Political: LAW/531
Legal and regulatory environment
68. Which of the following is correct regarding the Commerce Clause of the U.S. Constitution?
a. 0 The Commerce Clause places federal responsibility for judicial determination in the Commerce Department.
b. 0 The Commerce Clause cannot regulate business when it occurs within a state.
c. 0 The Commerce Clause can apply to a business that only does business in one state.
d. 0 The Commerce Clause can regulate commerce, but not the transportation of goods.
e. 0 The Commerce Clause regulated inter-state commerce only.
Legal/Political: LAW/531
Legal and regulatory environment
68. Which of the following is correct regarding the Commerce Clause of the U.S. Constitution?
a. 0 The Commerce Clause places federal responsibility for judicial determination in the Commerce Department.
b. 0 The Commerce Clause cannot regulate business when it occurs within a state.
c. 0 The Commerce Clause can apply to a business that only does business in one state.
d. 0 The Commerce Clause can regulate commerce, but not the transportation of goods.
e. 0 The Commerce Clause regulated inter-state commerce only.
STR Social Political Section A
Social Political Section
Social/Political
International business
Ethics and social responsibility
Diversity and culture
65. Although the U.S. has had a longstanding agreement with ___________, after the passage of NAFTA _________ became the United States' second largest trading partner.
a. 0 Canada, Venezuela
b. 0 Canada, Mexico
c. 0 Mexico, Canada
d. 0 Mexico, Venezuela
e. 0 Great Britain, Paraguay
66. Which of these parties are considered when decisions are made utilizing stakeholder ethical theory?
a. 0 Shareholders
b. 0 Customers
c. 0 Employees
d. 0 All of these are considered when using stakeholder theory
67. Which of the following statements is true concerning international selection practices?
a. 0 Structured interviews are popular in all countries
b. 0 Beliefs about how one should conduct an interpersonal interview are consistent across countries.
c. 0 The use of educational qualifications in screening candidates seems to be a universal practice.
d. 0 Policies and practices do not require modification from one country to the next.
e. 0 Groups are typically much more effective at selecting candidates in individualistic cultures.
Social/Political
International business
Ethics and social responsibility
Diversity and culture
65. Although the U.S. has had a longstanding agreement with ___________, after the passage of NAFTA _________ became the United States' second largest trading partner.
a. 0 Canada, Venezuela
b. 0 Canada, Mexico
c. 0 Mexico, Canada
d. 0 Mexico, Venezuela
e. 0 Great Britain, Paraguay
66. Which of these parties are considered when decisions are made utilizing stakeholder ethical theory?
a. 0 Shareholders
b. 0 Customers
c. 0 Employees
d. 0 All of these are considered when using stakeholder theory
67. Which of the following statements is true concerning international selection practices?
a. 0 Structured interviews are popular in all countries
b. 0 Beliefs about how one should conduct an interpersonal interview are consistent across countries.
c. 0 The use of educational qualifications in screening candidates seems to be a universal practice.
d. 0 Policies and practices do not require modification from one country to the next.
e. 0 Groups are typically much more effective at selecting candidates in individualistic cultures.
STR Accounting Section A
Accounting Section
Accounting
Relevant cost
Theory of constraints
Special order
Make or buy
Transfer pricing
Sell or process further
Resource planning and analysis
Forecasting
Cash budgeting
Variance analysis
Cost-Volume-Profit (CVP) analysis
Cost behavior
Break-even analysis
Target profit
Product costing
Absorption vs. variable
Activity-based
Process vs. job-order
Standard
Byproduct
Financial reporting and analysis
Financial statements
Financial ratios
Regulatory environment
46. Which one of the following is a cost that would NOT likely be associated with computer-integrated manufacturing?
a. 0 Manufacturing overhead associated with allocation of equipment depreciation
b. 0 Direct labor costs of a welder on the production floor
c. 0 Manufacturing overhead associated with allocation of the plant lease to the latest production run
d. 0 Direct materials cost with several fuse plates for a new automobile
47. If a plant is operating at full capacity and receives a one-time opportunity to accept an order at a special price below its usual price, then
a. 0 only variable costs are relevant.
b. 0 fixed costs are not relevant.
c. 0 the order will likely be accepted.
d. 0 the order will likely be rejected.
48. Tex's Manufacturing Company can make 100 units of a necessary component part with the following costs:
Direct Materials $60,000
Direct Labor 10,000
Variable Overhead 30,000
Fixed Overhead 20,000
If Tex's Manufacturing Company purchases the component externally, $15,000 of the fixed costs can be avoided. At what external price for the 100 units is the company indifferent between making or buying?
a. 0 $120,000
b. 0 $85,000
c. 0 $115,000
d. 0 $100,000
49. Transfer prices should be set in such a way as to
a. 0 discourage the internal sales of goods and services
b. 0 reflect the actual costs, including opportunity costs, of the transfer
c. 0 eliminate profits on the transfer
d. 0 reflect market prices
51. Tucson Corporation has a joint process that produces three products: X, Y, and Z. Each product may be sold at split-off or processed further and then sold. Joint- processing costs for a year amount to $100,000. Other relevant data are as follows:
Separate Processing
Sales Value Costs after Sales Value
Product at Split off Split off at Completion
X $128,000 $16,000 $160,000
Y 75,000 26,000 99,000
Z 32,600 20,000 50,000
Once product X is produced, processing it further will cause profits to
a. 0 increase by $32,000
b. 0 decrease by $16,000
c. 0 decrease by $32,000
d. 0 increase by $16,000
51. A _____ gives the expected sales under a given set of conditions.
a. 0 sales prediction
b. 0 sales budget
c. 0 budget forecast
d. 0 sales forecast
52. The projection of financial position at the end of the budget period is found on the
a. 0 budgeted income statement
b. 0 cash budget
c. 0 budgeted balance sheet
d. 0 sales budget
53. Black Company planned to produce and sell 900 units at a total cost of $180,000. Actual production was 900 units at a cost of $170,000, Black Company was
a. 0 efficient
b. 0 inefficient
c. 0 effective
d. 0 ineffective
54. Cost behavior analysis applies to
a. 0 retailers
b. 0 wholesalers
c. 0 manufacturers
d. 0 all entities
55. A company sells a product which has a unit sales price of $5, a unit variable cost of $3, and total fixed costs of $120,000. The number of units the company must sell to break even is
a. 0 60,000 units
b. 0 24,000 units
c. 0 240,000 units
d. 0 40,000 units
56. The amount by which actual or expected sales exceeds break-even sales is referred to as
a. 0 contribution margin
b. 0 unanticipated profit
c. 0 margin of safety
d. 0 target net income
57. There is no difference between variable-costing and absorption-costing income if there is no
a. 0 beginning inventory
b. 0 ending inventory
c. 0 change in inventory level
d. 0 variable overhead cost
58. An example of an activity cost pool is
a. 0 machine hours
b. 0 setting up machines
c. 0 number of setups
d. 0 number of inspections
59. Which of these best reflects a distinguishing factor between a job order cost system and a process cost system?
a. 0 The detail at which costs are calculated
b. 0 The time period each covers
c. 0 The number of work in process accounts
d. 0 The manufacturing cost elements included
60. Identify which statement below about currently attainable standards is false
a. 0 They allow for normal spoilage and nonproductive time.
b. 0 Because they allow for waste, they usually result in favorable variances.
c. 0 They represent projections of what will probably be attained.
d. 0 Employees usually view these goals as resonable
61. Join costs are incurred
a. 0 before the production process is started
b. 0 before individual products are separately identified
c. 0 after the split-off point but before the process-further decision
d. 0 after the process-further decision
62. The ____________ is NOT one of the three major financial statements
a. 0 statement of cash flows
b. 0 income statement
c. 0 balance sheet
d. 0 statement of equity position
63. _____ are profitability ratios.
a. 0 Gross profit rate and return on sales
b. 0 Dividend payout and rate of return in invested capital
c. 0 Earnings per share and dividend yield
d. 0 Price earnings and current ratio
64. Which of the following statements is false regarding the Sarbanes-Oxley Act (SOX) of 2002?
a. 0 The Act calls for increased oversight responsibilities for boards of directors.
b. 0 The Act has resulted in increased penalties for financial fraud by top management.
c. 0 The Act calls for decreased independence of outside auditors reviewing corporate financial statements.
d. 0 The Act is meant to decrease the likelihood of unethical corporate behavior
Accounting
Relevant cost
Theory of constraints
Special order
Make or buy
Transfer pricing
Sell or process further
Resource planning and analysis
Forecasting
Cash budgeting
Variance analysis
Cost-Volume-Profit (CVP) analysis
Cost behavior
Break-even analysis
Target profit
Product costing
Absorption vs. variable
Activity-based
Process vs. job-order
Standard
Byproduct
Financial reporting and analysis
Financial statements
Financial ratios
Regulatory environment
46. Which one of the following is a cost that would NOT likely be associated with computer-integrated manufacturing?
a. 0 Manufacturing overhead associated with allocation of equipment depreciation
b. 0 Direct labor costs of a welder on the production floor
c. 0 Manufacturing overhead associated with allocation of the plant lease to the latest production run
d. 0 Direct materials cost with several fuse plates for a new automobile
47. If a plant is operating at full capacity and receives a one-time opportunity to accept an order at a special price below its usual price, then
a. 0 only variable costs are relevant.
b. 0 fixed costs are not relevant.
c. 0 the order will likely be accepted.
d. 0 the order will likely be rejected.
48. Tex's Manufacturing Company can make 100 units of a necessary component part with the following costs:
Direct Materials $60,000
Direct Labor 10,000
Variable Overhead 30,000
Fixed Overhead 20,000
If Tex's Manufacturing Company purchases the component externally, $15,000 of the fixed costs can be avoided. At what external price for the 100 units is the company indifferent between making or buying?
a. 0 $120,000
b. 0 $85,000
c. 0 $115,000
d. 0 $100,000
49. Transfer prices should be set in such a way as to
a. 0 discourage the internal sales of goods and services
b. 0 reflect the actual costs, including opportunity costs, of the transfer
c. 0 eliminate profits on the transfer
d. 0 reflect market prices
51. Tucson Corporation has a joint process that produces three products: X, Y, and Z. Each product may be sold at split-off or processed further and then sold. Joint- processing costs for a year amount to $100,000. Other relevant data are as follows:
Separate Processing
Sales Value Costs after Sales Value
Product at Split off Split off at Completion
X $128,000 $16,000 $160,000
Y 75,000 26,000 99,000
Z 32,600 20,000 50,000
Once product X is produced, processing it further will cause profits to
a. 0 increase by $32,000
b. 0 decrease by $16,000
c. 0 decrease by $32,000
d. 0 increase by $16,000
51. A _____ gives the expected sales under a given set of conditions.
a. 0 sales prediction
b. 0 sales budget
c. 0 budget forecast
d. 0 sales forecast
52. The projection of financial position at the end of the budget period is found on the
a. 0 budgeted income statement
b. 0 cash budget
c. 0 budgeted balance sheet
d. 0 sales budget
53. Black Company planned to produce and sell 900 units at a total cost of $180,000. Actual production was 900 units at a cost of $170,000, Black Company was
a. 0 efficient
b. 0 inefficient
c. 0 effective
d. 0 ineffective
54. Cost behavior analysis applies to
a. 0 retailers
b. 0 wholesalers
c. 0 manufacturers
d. 0 all entities
55. A company sells a product which has a unit sales price of $5, a unit variable cost of $3, and total fixed costs of $120,000. The number of units the company must sell to break even is
a. 0 60,000 units
b. 0 24,000 units
c. 0 240,000 units
d. 0 40,000 units
56. The amount by which actual or expected sales exceeds break-even sales is referred to as
a. 0 contribution margin
b. 0 unanticipated profit
c. 0 margin of safety
d. 0 target net income
57. There is no difference between variable-costing and absorption-costing income if there is no
a. 0 beginning inventory
b. 0 ending inventory
c. 0 change in inventory level
d. 0 variable overhead cost
58. An example of an activity cost pool is
a. 0 machine hours
b. 0 setting up machines
c. 0 number of setups
d. 0 number of inspections
59. Which of these best reflects a distinguishing factor between a job order cost system and a process cost system?
a. 0 The detail at which costs are calculated
b. 0 The time period each covers
c. 0 The number of work in process accounts
d. 0 The manufacturing cost elements included
60. Identify which statement below about currently attainable standards is false
a. 0 They allow for normal spoilage and nonproductive time.
b. 0 Because they allow for waste, they usually result in favorable variances.
c. 0 They represent projections of what will probably be attained.
d. 0 Employees usually view these goals as resonable
61. Join costs are incurred
a. 0 before the production process is started
b. 0 before individual products are separately identified
c. 0 after the split-off point but before the process-further decision
d. 0 after the process-further decision
62. The ____________ is NOT one of the three major financial statements
a. 0 statement of cash flows
b. 0 income statement
c. 0 balance sheet
d. 0 statement of equity position
63. _____ are profitability ratios.
a. 0 Gross profit rate and return on sales
b. 0 Dividend payout and rate of return in invested capital
c. 0 Earnings per share and dividend yield
d. 0 Price earnings and current ratio
64. Which of the following statements is false regarding the Sarbanes-Oxley Act (SOX) of 2002?
a. 0 The Act calls for increased oversight responsibilities for boards of directors.
b. 0 The Act has resulted in increased penalties for financial fraud by top management.
c. 0 The Act calls for decreased independence of outside auditors reviewing corporate financial statements.
d. 0 The Act is meant to decrease the likelihood of unethical corporate behavior
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