is the real rate of interest? 4.50% 2. The amount of money that individuals have left over after they pay for necessities such as food, clothing, and housing is called. Brand income 3. Regulation, order, and decisions by government agencies, such as the Occupational safety and Health. Administrative law 4. The term open source software refers to computer software that. grant access to the code so that a user may add feature to the software 5. If the United States government implements an expansionary fiscal policy. Increase- Appreciate 6. Imposing a price above the market equilibrium price creates a. price floor and will result in excess demand 7. Which of the flowing increases net income? Selling common stock at an amount greater than par 8. Depreciation expense is recognized for financial and reporting purposes based on the. Matching principle 9. Which approach to corporate social responsibility manages ethical conduct by doing the minimum required by law. The compliance approach 10. The total quality management approach to organizational performance is most successful under which type of control philosophy? Decentralized 11. Compared with, media advertising, online advertising and social media marketing are. Very effective foe reaching, ass markets but not for reaching targeted customers 12. Which of the following federal laws guarantees workers a minimum wage and overtime pay? Fair labor standards act 13. Which of the following financial ratios is the best measure of the operating effectiveness of a firms management? Return on assets 14. Which method of inventory costing is NOT permitted under International Financial Reporting Standards? Last-in, first out(LIFO) 15. The primary benefit of investment diversification is that it. Reduces risk 16. Many entrepreneurs choose to open their own business because they want full control of their work environment. Fail to delegate authority and responsibility 17. Meciers Wood product, Inc, produces wooden frames for upholstered furniture product. Derived demand. Which constitutional provision gives Congress very broad powers to regulate business and the economy? Commerce clause 18. A countrys central bank can take which of the following actions to increase the money supply? Sell government bonds in the open market 19. A web-based automotive inspection service uses a large list of independent inspectors who are available for constant travel on inspection project. Inconsistency 20. In how many ways may a committee of three be chosen from a group with twelve members? 12! / 3! 21. Research indicates that group effectiveness is most threatened by which of the following? Groupthink 22. A $15million project to develop a new, innovative home security system currently has a negative net present value. Continue to invest in the project if the internal rate of return is positive. 23. The two methods that may be used for calculating cash flows from operating activities are. Direct and indirect 24. Which type of database stores information in the form of logically connected two- dimensional tables? Relational 25. What is the margin of safety? 250 units 26. Darlene acts as the secretary and treasurer of her neighborhood homeowners association. Robbery 27. On the inside of each wrapper, a candy company provides the web site address for an online survey for customers to complete. Primary 28. If an economy is producing two goods and the combination of the final production of these two goods lies inside the production possibilities frontier. The country cannot produce more of one good without giving up production of the other 29. Which of the following cash flows would have the highest present value? $1000 per year for 12 years discounted at 7% 30. GlobalFriends.com is a social-networking site that seeks to connect everyone, everywhere, across border, languages, and devices. Mission statement 31. John purchased 500,000 euros in London at an exchange rate of 0.71 euro to 1 United states dollar. Arbitrage 32. A financial services firm offers investment advice to moderate income clients. The firm is adding clients rapidly but is also experiencing an increase. An online comment form 33. The sum of the squared deviations around a sample mean is mathematically divided by (n-1) instead of n. Efficient Tanaka Electronics is a Japanese producer of consumer electronics. Percentage of sales 34. Which of the following contracts should be in writing under the Statute of Frauds? An employment contract for an unspecified length of time 35. Cecilia and Marie are general partner in a bakery, caf, and catering business. Cecilia is liable because she is a partner in the business 36. Quigley Companys common stock is selling for $60 per share today. 10% 37. Which of the following types of securities represents ownership in a firm without priority for dividends or priority a bankruptcy? Corporate bonds 38. Which of the following is a requirement of unity of command, one of Henri Fayols fourteen general principles of management? Each employee should be assigned to only one supervisor 39. A fashion retailer collects a large volume of data on consumer purchasing patterns. Data snooping 40. The cost of which the following is most likely to increase immediately as the number of units produced increase? Direct materials used 41. Which if the following is true about the Unite States supreme court? It is the final arbiter of the constitution and federal law 42. Export (in millions) over a five-year period were $878, $892, $864, $870, and $912, respectively. Which of the following best characterizes these values? A linear trend 43. Which of the following best describes what an income statement shows? The result of operation at a given pint in time 44. Chris Lee, the manufacturing manager of a cosmetics company, is direct to start producing a new line of sin care location. Controlling 45. Which of the following will shift the demand curve for apples to the right? An increase in the price of bananas, a substitute for apples. 46. One commonly used method of comparing income statements for multiple years is to create common size statements. By expressing all amount on the income statement as a percent of sales revenue 47. Which of the following lists the components of the strategic planning process in the correct order? Mission, objectives, marketing, strategy 48. Which of the following would increase a firms break even point? Decrease in variable cost per unit 49. Businesses often employ the utilitarian approach to decision making. This means that they consider. The consequences and the number of people involved 50. The systems developed life cycle consists of a series of steps taken to develop a new information system. Design, development 51. Which of the following has the highest interest-rate risk? XYZ corporation six- month commercial paper 52. Value analysis is an effective tool in operations management because it. Seeks improvements that lead to either a better product or a product made more economically 53. Which of the following statements about the foreign law exception to employment discrimination is true? It requires a nation to recognize the law and judicial actions of another country 54. A multinational company that places people from its home country into key positions worldwide is demonstrating, which approach to strategic planning? Polycentric 55. During International Forest Month, Mr Romero offers a special promotion in which he allocates $1. Cause- related marketing 56. Mr. Romero wishes to expand his sales to organization buying larger quantities of coffee for their employee cafeterias. Pay lower prices and demand tighter delivery schedules. 57. Texas technology (TT) stock has a beta of 1 3, and United Utilty(UU) . The required return for TT is greater than the required return UU. 58. A business strategy manager must determine whether or not to outsource cell phone production to an overseas plant. Decision support system. 59. A bin contains ten parts, only two of which are defective. 56/90 60. Maxichip produces small microprocessors for producers of desktop computers and makers of mobile telephones. Geographic and demographic 61. Which of the following best represents the difference between the price at which a company sells an item from its inventory and items original cost? Gross profit 62. Which of the following acts defines the records that an organization must store and the length of time the organization must store and the length of time the organization must store them as way of protecting shareholder and the public from deceptive accounting and other fraudulent practices? The Sarbanes Oxley Act 63. If the appropriate discount rate is 15 percent, which of the following is closet to the net present value(NPV) of the project? $141 64. Which of the following early implementations of cloud computing was used in the pay per use revenue model to deliver application? Software as a service(SaaS) 65. To james, the marginal utility of a third bottle of root beer is worth $1.20, which implies that he. Will get zero consumer surplus from drinking three bottles of root beer if it costs $1.20 a bottle 66. A program evaluation and review technique (PERT) network contains four jobs. R, S, T and U 67. The leader-member exchange model of leadership focuses on which of the following factors? The quality of relationship between a leader and the leaders direct reports. 68. If Juan puts 410,00 in a saving account that yields 10 percent compounded semiannually. $11,025 69. A North American online financial services company knows that its client around the world value financial security and stability highly. Symbols values 70. The most effective growth strategy for companies in an emerging market that have few start-up resources is which of the following? Merging with differentiation based on quality improvements 71. Billy Books has a target capital structure of 50 percent debt. 10.00% 72. Any normal probability distribution can be converted to a standard normal probability distribution by. Subtracting the mean from each observation and dividing the difference by the standard deviation.