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Title: BUS 475 Final Exam Part 2


1
BUS 475 Capstone Final Examination Part 2
  • By www.studentwhiz.com

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2
  • 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

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3
  • 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

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  • ?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

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5
  • 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.

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6
  • 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

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7
  • 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

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8
  • 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

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9
  • 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

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10
  • 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

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11
  • 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

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  • 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.

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  • 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.

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14
  • 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

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  • 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.

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  • 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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17
  • 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.

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  • 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.

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19
  • 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

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20
  • 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.

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21
  • 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

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22
  • 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.

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23
  • 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

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24
  • 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

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25
  • 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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26
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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