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Title: BUS 475 Final Exam Part 2

1
BUS 475 Capstone Final Examination Part 2

By www.studentwhiz.com

1. Which of the following is not a current
liability on December 31, 2014??
A lawsuit judgment to be decided on January
10,2015
A Note Payable due December 31 2015
Accrued salaries payable from 2014
An Accounts Payable due January 31,2015
2. Continuous monitoring, in the contemporary
approach, is beneficial because_____________.
it increases the time it takes to detect changes
in the competitive environment
organization response time is increased
organizational flexibility is reduced
It reduces time lags

3. The acquisition of treasury stock by a
corporation
requires that a gain or loss be recognized on the
income statement.
increases its total assets and total
stockholders equity.
has no effect on total assets and total
stockholders equity.
decreases its total assets and total
stockholders equity.
4. You work in marketing for a company that
produces work boots. Quality control has sent you
a memo detailing the length of time before the
boots wear out under heavy use. They find that
the boots wear out in an average of 208 days, but
the exact amount of time varies, following a
normal distribution with a standard deviation of
14 days. For an upcoming ad campaign, you need to
know the percent of the pairs that last longer
than six months-that is, 180 days. Use the
empirical rule to approximate this percent.
97.5
95
2.5
5

?5. __________involves ensuring proper strategic
controls and organizational designs.
Corporate governance
Strategy implementation
Business-level strategy
Corporate-level strategy
Find the Capstone Final Examination Part 2
answers here BUS 475 Capstone Final Examination
Part 2
6. A post-closing trial balance will show
only income statement accounts
zero balances for balance sheet accounts
only balance sheet accounts
zero balances for all accounts

7. The preparation of adjusting entries is
straightforward because the accounts that need
adjustment will be out of balance
needed to ensure that the expense recognition
principle is followed.
only required for accounts that do not have a
normal balance.
optional when financial statements are prepared.
8. In a simple linear regression model, if the
plots on a scatter diagram lie on a straight
line, what is the standard error of the estimate?
Infinity
0
1
-1
9. The fraud triangle applies to
U.S. and Canadian companies, but not other
international companies.
U.S companies but not international companies.
U.S and international companies.
international companies but not U.S. companies.

10. According to value-chain analysis, which of
the following would be considered part of the
general administration in a firm?
information systems
procurement
technology development
human resource management
To download the answers for both the Capstone
Final Examination click BUS 475 Capstone Final
Examination
11. Which of the following can be represented by
a discrete random variable?
The circumference of a randomly generated circle
The number of defective light bulbs in a sample
of five
The time of a flight between Chicago and New York
The average distance achieved in a series of long
jumps

12. What is an advantage of the correlation
coefficient over the covariance?
It falls between 0 and 1.
It falls between -1 and 1.
It falls between -1 and 1 and it is a unit free
measure, therefore making it easier to interpret.
It is a unit-free measure, therefore making it
easier to interpret.
13. GAAP, compared to IFRS, tends to be more
rules-based
simple in accounting requirements
principles-based
simple in disclosure requirements
14. The resource-based view (RBV) of the firm
combines two perspectives
the internal analysis of the firm and the
external analysis of the industry and competitive
environment
the primary and support activities of the firm
the industry and the competitive environment
the interrelationships among the primary
activities of the firm and corporate management

15. Sarbanes Oxley applies to
U.S and international companies.
U.S. and Canadian companies but not other
international companies.
U.S companies but not international companies.
international companies but not U.S. companies.
To download the complete course click BUS 475
Entire Course
16. Is it possible for a data set to have no
mode?
No, unless there is an odd number of observations
Yes, if two observations occur twice
Yes, if there are no observations that occur more
than once
No, if the data set is nonempty, there is always
a mode

17. Under the accrual basis of accounting
events that change a company's financial
statements are recognized in the period they
occur rather than in the period in which cash is
paid or received.
the ledger accounts must be adjusted to reflect a
cash basis of accounting before financial
statements are prepared under generally accepted
accounting principles.
cash must be received before revenue is
recognized.
net income is calculated by matching cash
outflows against cash inflows.
18. Which trial balance will consist of the
greatest number of accounts?
Trial balance
Adjusted trial balance
Balance
Post-closing trial balance

19. Vertical analysis is a technique that
expresses each item in a financial statement
in dollars and cents.
as a percent of a base amount.
as a percent of the item in the previous year.
starting with the highest value down to the
lowest value.
20. Cost allocation of an intangible asset is
referred to as?
accretion
amortization
depreciation
capitalization
Capstone Final Examination Part 2 Answers just a
click away BUS 475 Capstone Final Exam Questions
and Answers

21. According to the text, the triple bottom line
approach to corporate accounting includes three
components
financial, environmental, and social
financial, organizational, and customer
financial, environmental, and customer
financial, organizational, and psychological
22. An analyst believes the probability that U.S.
stock returns exceed long-term corporate bond
returns over a 5-year period is based on personal
assessment. This type of probability is best
characterized as a(n) ____________.
Subjective probability
Objectivity probability
Empirical probability
A priori probability

23. Green, Inc. had 200,000 shares of common
stock outstanding before a stock split occurred
and 800,000 shares outstanding after the stock
split. The stock split was?
2-for-8
1-for-8
8-for-1
4-for-1
24. Firms must be aware of goals other than
short-term profit maximization. One area of
concern should be social responsibility which is
the expectation that business will strive to
improve the overall welfare of society
the fact that court costs could impact the
financial bottom line
the idea that organizations are solely
responsible to local citizens
the idea that businesses are responsible to
maintain a healthy social climate for their
employees
25. Expenditures that maintain the operating
efficiency and expected productive life of a
plant asset are generally
expensed when incurred.
not recorded until they become material in
amount.
debited to the Accumulated Depreciation account.
capitalized as a part of the cost of the asset.

Knowledge Check Answers just a click away BUS 475
Week 1 Knowledge Check
26. For both qualitative and quantitative data,
what is the difference between the relative
frequency and the percent frequency?
The relative frequency equals the percent
frequency multiplied by 100.
The percent frequency equals the relative
frequency multiplied by 100
As opposed to the relative frequency, the percent
frequency is divided by the number of
observations in the data set.
As opposed to the percent frequency, the relative
frequency is divided by the number of
observations in the data set.

27. Shaw Industries, a giant carpet manufacturer,
increases its control over raw materials by
producing much of its own polypropylene fiber, a
key input to its manufacturing process. This is
an example of _______________.
using related diversification to achieve value by
leveraging core competencies to achieve economies
of scope
using related diversification to achieve value by
pooling negotiating power to achieve market power
using related diversification to achieve value by
integrating vertically in order to attain
economies of scope
using related diversification to achieve value by
integrating vertically in order to acquire market
power
28. Which of the following can be represented by
a continuous random variable?
The average temperature in Tampa, Florida, during
the month of July
The number of customers who visit a department
store between 1000 a.m. and 1100 a.m. on
Mondays
The number of students who will get financial
assistance in a group of 50 randomly selected
students
The number of typos found on a randomly selected
page of this test bank

29. Which of the following controls would best
help detect the removal of a blank check by an
employee from the back of a company's checkbook
for subsequent misappropriation of funds?
An accounting policies manual
Tracing any debit memorandums from the bank to
the company's records
A review of the cash budget
The use of pre-numbered checks
30. A SWOT analysis is a framework for analyzing
a firms environments. A SWOT is made up of
Internal environmental analysis of threats and
weaknesses.
Internal strengths and weaknesses external
threats and opportunities.
Internal threats and weakness and external
strengths and opportunities.
External analysis of strengths and opportunities.

Click here to download the complete class of BUS
475
31. Trumpeting Trumpets has the following
inventory data
Assuming that a periodic inventory system is
used, what is the cost of goods sold on a
FIFO basis?
23,088
11,022
10,992
23,118

July 1 Beginning inventory 30 units at 120
July 5 Purchases 180 units at 112
July 14 Sale 120 units
July 21 Purchases 90 units at 115
July 30 Sale 84 units
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32. Which of these statements regarding the
industry life cycle is correct?
It points out the need to maintain a
differentiation advantage and a low cost
advantage simultaneously.
Trends suggested by the market life cycle model
are generally not reversible or repeatable.
It has important implications for company generic
strategies, functional areas, value-creating
activities, and overall objectives.
Part of the power of the market life cycle is its
ability to serve as a short-run forecasting
device.
33. What is a difference between merchandising
companies and service enterprises?
Merchandising companies must prepare
multiple-step income statements and service
enterprises must prepare single-step income
statements.
Cost of goods sold is an expense for service
enterprises but not for merchandising companies.
The operations in merchandising companies and
service enterprises are identical.
Merchandising companies generally have a longer
operating cycle than service enterprises.

34. Which of the following meets the requirements
of a simple random sample?
A population contains 10 members under the age of
25 and 20 members over the age of 25. The sample
will include six males chosen at random, without
regard to age.
A population contains 10 members under the age of
25 and 20 members over the age of 25. The sample
will include six people who volunteer for the
sample.
A population contains 10 members under the age of
25 and 20 members over the age of 25. The sample
will include six people chosen at random, without
regard to age.
A population contains 10 members under the age of
25 and 20 members over the age of 25. The sample
will include two people chosen at random under
the age of 25 and four people chosen at random
over 25.
35. The acquisition of treasury stock by a
corporation?
increases its total assets and total
stockholders equity.
requires that a gain or loss be recognized on the
income statement.
has no effect on total assets and total
stockholders equity.
decreases its total assets and total
stockholders equity.

36. WellPoint Health Network states WellPoint
will redefine our industry through a new
generation of consumer-friendly products that put
individuals back in control of their future. This
is an example of a
Vision statement
Vague statement of direction
Strategic objective
Line mangers individual goal
Click here and download BUS 475 Week 2 Complete
37. If a corporation issued 8,000,000 in bonds
which pay 5 annual interest, what is the annual
net cash cost of this borrowing if the income tax
rate is 30?
400,000
120,000
4,000,000
280,000

38. International Financial Reporting Standards
(IFRS)
implies that receivables with different
characteristics should be reported separately.
implies that receivables with different
characteristics should be reported as one
un-segregated amount.
requires that receivables with different
characteristics should be reported as one
un-segregated amount.
requires that receivables with different
characteristics should be reported separately.
39. Assume that the Fitzgerald Corporation uses
the indirect method to depict cash flows.
Indicate where, if at all, accounts receivable
collected would be classified on the statement of
cash flows.
Does not represent a cash flow.
Operating activities section.
Financing activities section.
Investing activities section.

40. Shaw Industries, a giant carpet manufacturer,
increases its control over raw materials by
producing much of its own polypropylene fiber, a
key input to its manufacturing process. This is
an example of _______________.
using related diversification to achieve value by
integrating vertically in order to acquire market
power
using related diversification to achieve value by
leveraging core competencies to achieve economies
of scope
using related diversification to achieve value by
pooling negotiating power to achieve market power
using related diversification to achieve value by
integrating vertically in order to attain
economies of scope
41. In multiple regression, plot the residuals
against ____ to detect changing variability.
The response variable
The predicted values
Collinear variables
All explanatory variables

42. On March 1st, Candy, Inc. had supplies on
hand of 1,500. During the month, Candy purchased
supplies of 2,900 and used supplies of 2,800.
The March 31st balance sheet should report what
balance in their supplies account?
2,800
1,500
1,600
2,900
Want to download the Complete Assignments of
BUS/475 Class..?? Click BUS 475 Complete
Assignment
43. Which of the following requirements about
internal controls were enacted under the Sarbanes
Oxley Act
Companies must assess the functionality of
internal controls only when a violation occurs.
Companies must develop sound internal controls
over financial reporting.
Independent outside auditors must eliminate
redundant internal controls.
Internal auditors replace independent outside
auditors when evaluating the level of internal
control.

44. The four key attributes of strategic
management include the idea that
Strategy must be focused on competitor strengths.
Strategy must be directed toward overall
organizational goals and objectives.
Strategy must be focused on one specific area of
an organization.
Strategy must be focused on long-term objectives.
45. Which financial statement would best indicate
whether the company relies on debt or
stockholders equity to finance its assets?
Statement of cash flows
Retained earnings statement
Income statement
Balance sheet

46. When collection is made on Accounts
Receivable,
total assets will decrease.
stockholders equity will increase.
total assets will increase.
total assets will remain the same.
47. The manager of Weiser is given a bonus based
on net income before taxes. The net income after
taxes is 35,700 for FIFO and 29,400 for LIFO.
The tax rate is 30. The bonus rate is 20. How
much higher is the manager's bonus if FIFO is
adopted instead of LIFO?
12,600
9,000
6,300
1,800
Want to see the answers of BUS/475 Capstone Final
Examination Part 2..?? Click BUS 475 Capstone
Final Examination Part 2

48. Sampling is used heavily in manufacturing and
service settings to ensure high-quality products.
In which of the following areas would sampling be
inappropriate?
Cell phone manufacturing
Custom cabinet making
Computer assembly
Technical support by phone
49. Interest may be included in the acquisition
cost of a plant asset
if the asset is purchased on credit.
during the construction period of a
self-constructed asset.
if it is a part of a lump-sum purchase.
if the asset acquisition is financed by a
long-term note payable.
50. The owner of a company has recently decided
to raise the salary of one employee, who was
already making the highest salary, by 20. Which
of the following is(are) expected to be affected
by this raise?
Median only
Mean and median only
Mean only
Mean, median, and mode

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About Author This article covers the topic for
the University of Phoenix BUS 475 Capstone Final
Examination. The author is working in the field
of education from last 5 years. This article
covers the questions answers of BUS 475
Capstone Final Examination Part 2 from UOP. Other
topics in the class are as follows BUS 475
Week 1 DQ 1 (With 3 Responses) BUS 475 Week 1 DQ
2 (With 3 Responses) BUS 475 Week 1 DQ 3 (With 3
Responses) BUS 475 Week 1 Complete (With 3
Responses) BUS 475 Week 2 DQ 1 (With 3
Responses) BUS 475 Week 2 DQ 2 (With 3
Responses) BUS 475 Week 2 DQ 3 (With 3
Responses) BUS 475 Week 2 Strategic Plan, Part I
Conceptualizing a Business BUS 475 Week 2 Value
Alignment BUS 475 Week 2 Complete BUS 475 Week 3
DQ 1 (With 3 Responses) BUS 475 Week 3 DQ 2 (With
3 Responses)
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BUS 475 Week 3 Complete BUS 475 Week 4 DQ 1 (With
3 Responses) BUS 475 Week 4 DQ 2 (With 3
Responses) BUS 475 Week 4 Strategic Plan, Part
III Balanced Scorecard BUS 475 Week 4
Complete BUS 475 Week 5 DQ 1 (With 3
Responses) BUS 475 Week 5 DQ 2 (With 3
Responses) BUS 475 Week 5 Final Strategic Plan
and Presentation BUS 475 Week 5 Complete BUS 475
Capstone Final Examination Part 1 (Recent) BUS
475 Week 1 Knowledge Check BUS 475 Week 2
Knowledge Check BUS 475 Week 4 Knowledge
Check Want to check other classes..??
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