MBA Exit Exam – Questions With Clear Solutions
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Terms in this set (432)
ABC analysis inventory control system that divides the inventory
into three classes: A, B, and C, depending on the
value and importance of the item
accelerated depreciation method allows asset own to take greater amounts of
depreciation during early years of asset's life, defers
some of the taxes until later years
acceptable quality level (AQL) quality standard that allows for a prespecified
number of defects
acceptance an assent to an offer in accordance with its terms
accounting exposure variability in the firm's reported values for NI and net
worth that results from changes in exchange rates
,accounting rate of return capital-budgeting criterion that relates the returns
generated by the project, as measured by average
accounting profits AFTER tax, to avg dollar size of
the investment required; AKA simple ROR or
unadjusted ROR
accounts receivable turnover annual credit sales/ avg A/R
acid test ratio (CA-inv)/CL. more stringent measure of liquidity
than current ratio. AKA quick ratio
activity-based costing (ABC) system that accumulates costs on the basis of
production or service activities at a firm. Assigns
costs by activity and links them to specific products
Activity-based management (ABM) system-wide, integrated approach that focuses
mgmt's attn on activities with the objectives of
improving customer value and the profit achieved
by providing this value. ABC is major source of info
for this
advertising any paid form of non personal communication
designed to gain acceptance of the advertiser's
message
advertising research carried on as an aid or support function to the
advertising manager
after-tax cash flow the net cash flow (cash rev- cash exp) after taxes
have been subtracted. CF generated from
operations
agency relationship consensual arrangement between 2 persons
whereby one agrees to act for the benefit of and
under control of the other person
aggregate production planning establishment of aggregate production and
inventory levels over a medium range time horizon
,american terms method of exchange-rate quotation that gives the
value of a foreign currency in USD
amortized loan loan that's paid off in periodic equal installments
and includes varying portions of principal and
interest during its term
analysis of variances (variance analysis and investigation of causes for variances
analysis) between std costs and actual costs. variance
favorable if actual costs < std costs. unfavorable if
actual costs > std costs. need to investigate
unfavorable variances further to determine causes,
so corrective action can be taken
annual report audited document issued annually by all publicly
listed corporations to their SH in accordance with
SEC regulations. contains info on financial results
and overall performance of the previous fiscal year
and comments on future outlook
application program computer software written specifically to process
data in an IS. Performs tasks and solves problems
applicable to a manager's work
appreciation increase in value of one currency in terms of
another currency. when dollar appreciates, can be
exchanged for greater amounts of foreign
currencies
arbitrage-pricing model (APM) theory that relates stock returns and risk. maintains
that security returns vary from their expected
amounts when there are unanticipated changes in
basic economic forces (unexpected changes in
industrial production, inflation rates, terms structure
of interest rates, and diff between interest rates of
high and low risk bonds)
, area sampling may be used for market research when population
lists are not available. blocks selected at random
and residents are interviewed either in total or
randomly (part of market research
artificial intelligence (AI) thinking and reasoning software based on info
inputted into it by a human expert. reasoning
process involves self-correction. significant data are
evaluated and relevant relationships uncovered.
computer learns which kind of answers are
reasonable and which are not. AI performs
complicated strategies that determine the best or
worst way to accomplish a task or avoid and
undesirable result. Ex of applications: tax planning,
capital budgeting analysis
assembly chart graphical method for visualizing how the various
parts and subassemblies flow into the assembly
process
asset turnover sales/assets. measure of efficiency of asset
management
assignable causes causes of poor quality that are due to problems with
materials, machines, or operators and that can be
remedied
assignment problem problem of determining how the assignments
should be made in order to minimize total costs
attribute mapping technique for IDing new products by mapping
product-line attributes; searching for "attribute
space" or possible new attribute combos for new
products
Add to calendar
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (432)
ABC analysis inventory control system that divides the inventory
into three classes: A, B, and C, depending on the
value and importance of the item
accelerated depreciation method allows asset own to take greater amounts of
depreciation during early years of asset's life, defers
some of the taxes until later years
acceptable quality level (AQL) quality standard that allows for a prespecified
number of defects
acceptance an assent to an offer in accordance with its terms
accounting exposure variability in the firm's reported values for NI and net
worth that results from changes in exchange rates
,accounting rate of return capital-budgeting criterion that relates the returns
generated by the project, as measured by average
accounting profits AFTER tax, to avg dollar size of
the investment required; AKA simple ROR or
unadjusted ROR
accounts receivable turnover annual credit sales/ avg A/R
acid test ratio (CA-inv)/CL. more stringent measure of liquidity
than current ratio. AKA quick ratio
activity-based costing (ABC) system that accumulates costs on the basis of
production or service activities at a firm. Assigns
costs by activity and links them to specific products
Activity-based management (ABM) system-wide, integrated approach that focuses
mgmt's attn on activities with the objectives of
improving customer value and the profit achieved
by providing this value. ABC is major source of info
for this
advertising any paid form of non personal communication
designed to gain acceptance of the advertiser's
message
advertising research carried on as an aid or support function to the
advertising manager
after-tax cash flow the net cash flow (cash rev- cash exp) after taxes
have been subtracted. CF generated from
operations
agency relationship consensual arrangement between 2 persons
whereby one agrees to act for the benefit of and
under control of the other person
aggregate production planning establishment of aggregate production and
inventory levels over a medium range time horizon
,american terms method of exchange-rate quotation that gives the
value of a foreign currency in USD
amortized loan loan that's paid off in periodic equal installments
and includes varying portions of principal and
interest during its term
analysis of variances (variance analysis and investigation of causes for variances
analysis) between std costs and actual costs. variance
favorable if actual costs < std costs. unfavorable if
actual costs > std costs. need to investigate
unfavorable variances further to determine causes,
so corrective action can be taken
annual report audited document issued annually by all publicly
listed corporations to their SH in accordance with
SEC regulations. contains info on financial results
and overall performance of the previous fiscal year
and comments on future outlook
application program computer software written specifically to process
data in an IS. Performs tasks and solves problems
applicable to a manager's work
appreciation increase in value of one currency in terms of
another currency. when dollar appreciates, can be
exchanged for greater amounts of foreign
currencies
arbitrage-pricing model (APM) theory that relates stock returns and risk. maintains
that security returns vary from their expected
amounts when there are unanticipated changes in
basic economic forces (unexpected changes in
industrial production, inflation rates, terms structure
of interest rates, and diff between interest rates of
high and low risk bonds)
, area sampling may be used for market research when population
lists are not available. blocks selected at random
and residents are interviewed either in total or
randomly (part of market research
artificial intelligence (AI) thinking and reasoning software based on info
inputted into it by a human expert. reasoning
process involves self-correction. significant data are
evaluated and relevant relationships uncovered.
computer learns which kind of answers are
reasonable and which are not. AI performs
complicated strategies that determine the best or
worst way to accomplish a task or avoid and
undesirable result. Ex of applications: tax planning,
capital budgeting analysis
assembly chart graphical method for visualizing how the various
parts and subassemblies flow into the assembly
process
asset turnover sales/assets. measure of efficiency of asset
management
assignable causes causes of poor quality that are due to problems with
materials, machines, or operators and that can be
remedied
assignment problem problem of determining how the assignments
should be made in order to minimize total costs
attribute mapping technique for IDing new products by mapping
product-line attributes; searching for "attribute
space" or possible new attribute combos for new
products
