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College Business Technology
Globalization is the change initiated to take advantage of the growing population outside of the US.
  1. True
  2. False
College Accounting
Ritz Company agreed to purchase certain inventory items from Hostess Corporation. Hostess shipped the goods F.O.B. destination. On December 31, Ritz's accounting year-end, Ritz was aware that the goods had been shipped and would be received any day.
  1. Ritz should include the goods in its inventory calculated on December 31
  2. Ritz should not include the goods in its inventory calculated on December 31, but should include the related payable on its balance sheet at December 31
  3. Ritz should not include the goods in its inventory calculated on December 31, and should not include the related payable on its balance sheet at December 31
College Accounting
Dooley's Dining Services operates seven days a week with a daily payroll of $ 1,100. Workers are paid weekly on Sundays. The end of the month, July 31, falls on a Saturday. What expense should be recorded in the income statement for the month ended July 31?
  1. $ 7,700
  2. $ 6,600
  3. $ 1,100
  4. $ 5,500
College Accounting
Trade accounts receivable:
  1. arise from the sale of a company's products or services
  2. are reported in the non current asset section of the balance sheet.
  3. include deposits with utilities
  4. generally comprise the minority of the total receivables balance.
College Business Technology
What does HRIS stand for in the context of Human resources?                                     Human Resources Information System                                     
College Business Technology
What does the SWOT stand for in a SWOT analysis? S           Strength           , W           weakness           , O              opportunity              , T         Threat         
College Accounting
Under the accrual basis of accounting, revenues are reported in the accounting period when the
  1. cash is received
  2. service or goods have been delivered
College Marketing
Ensuring an enduring link between a brand and its customers is:
  1. relationship building
  2. retail bond
  3. customer loyalty
  4. brand loyalty
  5. brand placement
College Accounting
The deferred income tax liability:
  1. Represents income tax payments that are deferred until future years because of temporary differences between GAAP rules and accounting rules
  2. Is a contingent liability
  3. Can result in a deferred income tax asset
  4. Is never recorded
  5. Is recorded whether or not the difference between taxable income and financial accounting income is permanent or temporary
College Business Technology
When looking at the Human resources triangle what are the three skills or duties that make up an efficient HR manager: 1.(bottom)                         Personnel Credibility                          , 2.(Middle)               HR mastery               , 3.(Top)                   Business mastery                   
College Business Technology
The three aspects of human resources triangle that deal specifically with the person are:       Self       ,      Job      ,          Family         
College Accounting
Yenn Company developed the following reconciling information in preparing its September bank reconciliation:
Cash balance per bank, 9/30..........$11,000
Note receivable collected by bank....$ 4,000
Outstanding checks...................$ 6,000
Deposits-in-transit..................$ 3,000
Bank service charge..................$ 50
NSF check............................$ 800
Determine the cash balance per books (before adjustments) for Yenn Company.
  1. $8,850
  2. $14,000
  3. $4,850
  4. $11,000
College Business Technology
The customers, employees, stockholders, suppliers, creditors, and others who stand to gain or lose by the policies and activities of a business represent the firm's:
  1. market makers
  2. economic environment
  3. stakeholders
  4. social mentors
College Accounting
The financial statement that reports the revenues and expenses for a period of time such as a year or a month is the
  1. balance sheet
  2. income statement
  3. statement of cash flows
College Accounting
The financial statement that reports the assets, liabilities, and stockholders' (owner's) equity at specific date is the
  1. balance sheet
  2. income statement
  3. statement of cash flows
College Marketing
Which is not a component of Marcom?:
  1. sales promotions
  2. public relations
  3. campaigning
  4. advertising
  5. event marketing
College Business Technology
Six Sigma is a process used to initiate change and to take advantage of targeted opportunities?
  1. True
  2. False
College Business Technology
A reactive change is a change that occurs after external forces have already affected performance.
  1. True
  2. False
College Business Technology
Database marketing allows companies to do which of the following? Check any that apply.
  1. Mine customer databases
  2. Manage transactions
  3. Inventory products
  4. Forecast fiances
  5. Create marketing lists
College Accounting
Inventory accounts should be classified in which section of a balance sheet?
  1. Current assets
  2. Investments
  3. Property, plant, and equipment
  4. Intangible assets
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