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ETS-MFT Q25-49 WITH 100% VERIFIED ANSWERS (A+)
A company issued a $600,000, 12 percent, 90-day note payable to purchase an office building. What is
the maturity value of the note? - ANSWER $618,
A company had sales of $920,000 and fixed costs were $160,000. What was the income from operations if the contribution margin ratio was 30 percent? - ANSWER $116,
In a period of rising prices, which inventory valuation method would generally yield both the
lowest ending inventory value and the lowest net income figure? - ANSWER Last in, first out (LIFO)
Firms do international operations because they can get: - ANSWER Competitive labor prices, cheap resources, and enormous market opportunities
A SWOT analysis focuses on a company's - ANSWER strengths, weaknesses, opportunities, and threats
Priceless Treasures sells antique jewelry. The owner of Priceless Treasures, Sally Thornton, would like to eliminate the printed catalog and use an online catalog in its place.
Ms. Thornton decides to conduct a market research project to explore how Priceless Treasures' target customers would react to the online catalog approach.
Ms. Thornton wants to take an online survey of her customers. What is the biggest problem with using this survey method compared with a traditional mail approach? - ANSWER Customers that do not use the Internet will be excluded from the sample.
Economists assume a firm's goal is to: - ANSWER conformance
Priceless Treasures sells antique jewelry. The owner of Priceless Treasures, Sally Thornton, would like to discontinue the hard copy catalog and replace it with an online catalog.
Ms. Thornton has decided to undertake a market research study to determine how Priceless Treasures' target customers will react to the new online catalog approach.
Because pictures of products, whether in print or on the Internet, can be different from how a piece of jewelry actually looks, Priceless Treasures' customers are occasionally disappointed in items that they have purchased. To minimize customer dissatisfaction, the firm's customer service representatives call customers to address any questions they may have, confirm the satisfaction with the purchase, and communicate the firm's refund/return policies. The company attempts to impact the consumers' decision process by - ANSWER decreasing cognitive dissonance through the reassurance of personal contact
_____ managers withhold decision-making power for themselves and typically give orders without consulting their subordinates. - ANSWER Autocratic
U.S. dollar deposits in a bank in Switzerland are referred to as: - ANSWER Eurocurrency
A standardized process for numerically measuring a project's actual progress, forecasting its completion date and cost and providing measures of schedule and budget variance as activities are accomplished is known as - ANSWER earned value analysis (EVA)
If the Federal Reserve decides to reduce the supply of money, which of the following is most likely to happen? - ANSWER A decline in private investment and consumer spending
Most Japanese MNE's, for instance, begin their international expansion with ___ investment because they believe that it enables the sharing of experience, resources, and knowledge already developed at home, thus reducing risk. - ANSWER Horizontal FDI
Which of the following would most likely occur as a result of the United States government's imposing tariffs on foreign steel imports? - ANSWER Employment in the United States steel industry would increase.
All of the following are correct with respect to the rights of a seller to reduce legal liability in the sale of non-consumer goods EXCEPT: - ANSWER The seller can disclaim all implied warranties by merely stating that there is no implied warranty.
Manufacturing overhead includes: - ANSWER all manufacturing costs except direct labor and direct materials
Steel, paper, paints, and chemicals are examples of industries that most likely use - ANSWER continuous production systems
