Ultimate Business Study Guide - Questions & Answers

the safe act (savings, accountability, and full enforcement act) of california (2012) highlighted the fiscal concerns of legalizing marijuana.
1 Answer
the yyy -component of the electric field of an electromagnetic wave traveling in the x x x direction through vacuum obeys the equation ey
1 Answer
in this video, margaret indicates that the transition to retirement was difficult for her. what was the underlying reason for this difficulty?
1 Answer
under u.s. gaap, companies can choose which inventory cost flow assumptions? indicate by entering the correct alphabetical answer (a, b, c, d)
1 Answer
cause marketing programs incorporate all three concepts of social responsibility by addressing public concerns, satisfying customer needs, and
1 Answer
if the fed raises reserves requirements, then interest rates will and the money supply will .
1 Answer
credit card balances are group of answer choices a component of m1. a component of m2 but not of m1. not a component of m1 or m2. a component of m1 but not of m2.\
1 Answer
when a transfer has no effect on fixed costs, to be acceptable to the selling division, the transfer price must
1 Answer
____ refers to the behavioral tendencies and personal characteristics of leaders ... an exceptionally strong relationship between them and their followers.
1 Answer
when seeking funding for their ventures owners sometimes prefer debt instead of issuing shares os stock because of some of the advantages that debt has over equity
1 Answer
a strategy to be the industry's overall low-cost provider tends to be more appealing than a differentiation or best-cost or focused (or market niche) strategy when
1 Answer
the more quickly the cost of an investment can be recovered, the more desirable the investment is the basic premise of the method. (enter only one word per blank.)
1 Answer
A seller can sell an identical product to different buyers at different prices but the labels must be different. true or false
1 Answer
Economic theories advocate for ______ trade and investment that will allow participating countries to gain economically.
1 Answer
A firms WACC can be correctly used to discount the expected cash flows of a new project when that project: will be financed with the same proportions of debt and equity as those currently used by the overall firm. will be financed solely with new debt and internal equity. will be financed solely with internal equity. has the same level of risk as the firms current operations. will be managed by the firms current managers.
1 Answer
The auditor's program to examine interest-bearing debt most likely will include steps that require:A. Comparing the book value of the debt to its year-end market value.B. Vouching borrowing and repayment transactions.C. Verifying the proper presentation of the debt through confirmation.D. Inspecting the accounts payable subsidiary ledger for unrecorded interest-bearing debt.
1 Answer
A cover letter does all of the following EXCEPT:Sells you as the best candidate for the jobIntroduces you and summarizes your resumeExplains why you don't meet every qualification of the jobExplains why you are interested in the job
1 Answer
Lewes Company produced 8,000 units of inventory and sold 6,000. The company incurred the following production costs: Variable manufacturing cost: $12.00 per unit Fixed manufacturing overhead cost: $60,000 Assuming the company sells its product at a price of $25 per unit, and incurred $10,000 in selling and administrative cost, what is the amount of net income under absorption costing? A. $107,000 B. $68,000 C. $23,000 D. $8,000
1 Answer
this graphic organizer is used to classify systems of government according to the relationship between political and economic freedom. in which quadrant did the soviet union belong?
1 Answer
Managers can help their organizations gain ______ through cost leadership, differentiation, or focus. a) information systems expertise b) a set of procedures c) a competitive advantage d) technology infrastructure
1 Answer
Suppose, at a given point in time, Lynn's Licorice Loft sells licorice in a perfectly competitive market and is producing its profit-maximizing level of output. Suppose further that at this level of production Lynn's average total cost of producing licorice is $1.10, her average variable cost is $1.00, and her marginal cost is $2.10. Over time, the number of licorice sellers in the market will_______, everything else held constant.
1 Answer
On June 1, 2021, Cork Oak Corporation purchased a passenger automobile for 100 percent use in its business. The auto, with a cost basis of $22,000, has a 5-year recovery period.. How much depreciation should be taken for 2021, assuming Cork Oak Corporation uses the accelerated depreciation method under MACRS but does not choose to make the election to expense or take bonus depreciation?a.$10,200 b.$18,200 c.$4,400 d.$3,160 e.none of these choices are correct.
1 Answer
Janice is shopping for something to put on the floor of her dairy barn that won't cause the cows to slip but will clean it up a bit. She goes to Gabe's Farm Store and Gabe tells Janice that he has just the thing, a special rubber flooring that works well in dairy barns and has an anti-slip property to it. Based on Gabe's comments, Janice buys the floor covering and installs it. Right away, two dozen cows slip, fall, and are injured on the slippery rubber. Janice sues Gabe, contending that Gabe breached:
1 Answer
Select the true statement regarding adverse possession of real property.A possessor must occupy real property at the owner's invitation in order to qualify for adverse possession.A possessor may acquire real property through adverse possession only if his or her possession has been continuous.Adverse possession is more difficult to attain if the possessor's possession is openly visible to others.Adverse possession is a common method of acquiring real property because its requirements are easily met.
1 Answer