Integrated Business Topics

C.Ensure internal controls are reliable and eﬀective, corporate executives must independently review internal controls, and submit all ﬁnancial statements to the Public Company Accounting Oversight Board D.Maintain an adequate system of internal controls, provide additional training to managers and accountants regarding internal controls, and publish internal controls on the companyâs public website D. The correct answer is: B. 16 16. On July 1, 2014, Linden Company purchased the copyright to Norman Computer Tutorials for $140,000. It is estimated that the copyright will have a useful life of 5 years. The amount of amortization expense recognized for the year 2014 would be A. $28,000 B. $13,125 C. $25,900 D. $14,000 The correct answer is: D. 17. ABC Corp. receives a 7-month interest-bearing promissory note in the amount of $360,000 on February 1. The interest rate is 15%. What is the total interest expense ABC Corp will record assuming ABC makes all of its payments? A. $54,000 B. $31,500 C. $4,500 D. $36,000 The correct answer is: B. 18 18. Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60 per share. The entry to record the transaction will consist of a debit to cash for $3,000,000 and a credit or credits to A. preferred stock of $3,000,000 B. preferred stock for $2,500,000 and paid-in capital in excess of par valueâpreferred stock for $500,000 C. preferred stock for $2,500,000 and retained earnings for $500,000 D. paid-in capital from preferred stock for $3,000,000 The correct answer is: B. 19 19. Which of the following tools of analysis is used to evaluate ﬁnancial statement information by expressing ﬁnancial statement data as a percentage over a base amount? A. Vertical analysis B. Horizontal analysis C. Ratio analysis D. Industry averages The correct answer is: A. 20. The SarbanesâOxley Act of 2002 requires publically-traded U.S. companies to provide great internal controls. The ﬁve primary components of an internal control system include: a control environment, risk assessment, information and communication, monitoring, and A. Establishment of responsibility B. Segregation of duties C. Control activities D. Human resource controls The correct answer is: C.

BUS | 475 | Integrated Business Topics | exam | C.Ensure internal controls are

Week 2 Knowledge Check 19/19 Score: Concepts Mastery Questions MARKETING CONCEPT 100% 1 ADVERTISING STATEMENTS 100% 2 NEW PRODUCT PRICING 100% 3 INTEGRATED MARKETING COMMUNICATIONS 100% 4 SOCIAL RESPONSIBILITY 100% 5 FINANCIAL MARKET PARTICIPANTS 100% 6 FUTURE VALUE 100% 7 NET PRESENT VALUE 100% 8 COST OF CAPITAL 100% 9 FOREIGN EXCHANGE RISK 100% 10 SUPPLY AND DEMAND 100% 11 AS AND AD MODEL 100% 12 MONETARY POLICY 100% 13 DEFICIT 100% 14 BALANCE OF PAYMENTS 100% 15 SHIFTS IN DEMAND 100% 16 ECONOMIC AND TECHNICAL EFFICIENCY 100% 17 PROFIT MAXIMIZATION 100% 18 COMPARATIVE ADVANTAGE 100% 19 MARKETING CONCEPT Concept: Concepts Mastery Questions MARKETING CONCEPT 100% 1 1. Compared with other approaches to business, the marketing concept is distinct in that it focuses on sales A. produces new products and services B. creates a broad assortment of products C. focuses on satisfying customers' needs D. The correct answer is: D. Correct! ADVERTISING STATEMENTS Concept: Concepts Mastery Questions ADVERTISING STATEMENTS 100% 2 2. A company provides its advertising agency with a statement about a new product to use in designing an advertising campaign, and this statement includes a description of the target market, the product type, the primary benefits of using the product, and how this product is different from, and better than, competitive products. What type of statement is this? Qualifying A. Positioning B. Determining C. Clustering D. The correct answer is: B. Correct! NEW PRODUCT PRICING Concept: Concepts Mastery Questions NEW PRODUCT PRICING 100% 3 3. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes entered the market. This is an example of a(n) introductory price dealing A. temporary price cut policy B. skimming price policy C. penetration price policy D. The correct answer is: C. Correct! INTEGRATED MARKETING COMMUNICATIONS Concept: Concepts Mastery Questions INTEGRATED MARKETING COMMUNICATION S 100% 4 4. Blending the firm's promotion efforts to convey a complete and consistent message is the goal of sales management communications A. sales promotion communications B. integrated promotional marketing C. integrated marketing communications D. The correct answer is: D. Correct!

BUS | 475 | Integrated Business Topics | lab | Week 2 Knowledge Check 19/19 S

University_of_Phoenix_-_BUS_475_Individual_Assignment_-_Strategic_Plan_Part_III-Balanced_Scorecard_BUS_475_Week_4.doc-Strategic Plan, Part III: Balanced Scorecard

University_of_Phoenix_-_BUS_475_BUS475_final_part_2.docx-BUS/475 Capstone Final Exam part 2

Courses in BUS

Popular Documents from University of Phoenix-Wisconsin

University of Phoenix-Wisconsin

University of Phoenix-Wisconsin

University of Phoenix-Wisconsin

University of Phoenix-Wisconsin