MBA EXIT COMPREHENSIVE STUDY GUIDE
WITH COMPLETE SOLUTIONS
◉ Analysis of variances (variance analysis).
Answer: analysis and investigation of causes for variances between
standard costs and actual costs. Variance is favorable if actual costs <
standard costs
Variance is unfavorable if actual costs > standard costs
◉ Annual report.
Answer: 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.
Answer: the computer software designed to process data in an IS.
Performs tasks and solves problems applicable to a manager's work
◉ appreciation.
Answer: An increase in the value of a currency
◉ Arbitrage Pricing Model.
,Answer: Theory that relates stock returns and risk. A security's
return varies from expected amounts when there are unanticipated
changes in basic economic forces (industrial production, inflation,
interest rates, and high and low risk bonds)
◉ Asset turnover.
Answer: sales / assets; measure of efficiency of asset management
◉ assignable causes of variation.
Answer: causes of poor quality that pertain to materials, machines,
or operators, which can be remedied
◉ assignment problem.
Answer: Problem of determining how the assignments should be
made in order to minimize total costs.
◉ Attribute Mapping.
Answer: A technique for identifying new products by mapping
product-line attributes; searching for "attribute space" or possible
new attribute combinations for new products.
◉ B2B e-commerce.
Answer: using B2B trading networks, auction sites, spot exchanges,
online product catalogs, barter sites, and other online resources to
,reach new customers, serve current customers more effectively, and
obtain buying efficiencies and better prices
◉ B2C e-commerce.
Answer: online selling of goods and services to final customers
◉ Baby Boomers.
Answer: The 78 million people born during the baby boom,
following World War II and lasting until the early 1960s
◉ Bailment.
Answer: the transfer of possession but not the title of personal
property by one party to another, under agreement
◉ Bait and Switch Advertising.
Answer: Promoting a low-priced item to attract customers to whom
the business then tries to sell a higher priced item
◉ balance of payments.
Answer: An account that shows Exports-Imports
◉ Balance of trade.
, Answer: unit of the balance of payments that reflects the value of all
goods imported and exported by any nation
◉ Balanced Scorecard.
Answer: using multiple measures to evaluate managerial
performance, allows determination as to whether a manager is
achieving certain objectives at the expense of others that may be
equally or more important
◉ Benchmarking.
Answer: searching for new and better procedures by comparing
your own procedures to that of the very best
◉ beta coefficient.
Answer: measure of risk based on the sensitivity of an individual
stock's returns to changes in the returns of a broad stock market
index; systematic risk, market, undiversifiable, and relative risk
◉ bond rating.
Answer: ratings assigned by an agency that provides assessment of
bond's credit risk
◉ Book Value.
Answer: cost - accumulated depreciation
WITH COMPLETE SOLUTIONS
◉ Analysis of variances (variance analysis).
Answer: analysis and investigation of causes for variances between
standard costs and actual costs. Variance is favorable if actual costs <
standard costs
Variance is unfavorable if actual costs > standard costs
◉ Annual report.
Answer: 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.
Answer: the computer software designed to process data in an IS.
Performs tasks and solves problems applicable to a manager's work
◉ appreciation.
Answer: An increase in the value of a currency
◉ Arbitrage Pricing Model.
,Answer: Theory that relates stock returns and risk. A security's
return varies from expected amounts when there are unanticipated
changes in basic economic forces (industrial production, inflation,
interest rates, and high and low risk bonds)
◉ Asset turnover.
Answer: sales / assets; measure of efficiency of asset management
◉ assignable causes of variation.
Answer: causes of poor quality that pertain to materials, machines,
or operators, which can be remedied
◉ assignment problem.
Answer: Problem of determining how the assignments should be
made in order to minimize total costs.
◉ Attribute Mapping.
Answer: A technique for identifying new products by mapping
product-line attributes; searching for "attribute space" or possible
new attribute combinations for new products.
◉ B2B e-commerce.
Answer: using B2B trading networks, auction sites, spot exchanges,
online product catalogs, barter sites, and other online resources to
,reach new customers, serve current customers more effectively, and
obtain buying efficiencies and better prices
◉ B2C e-commerce.
Answer: online selling of goods and services to final customers
◉ Baby Boomers.
Answer: The 78 million people born during the baby boom,
following World War II and lasting until the early 1960s
◉ Bailment.
Answer: the transfer of possession but not the title of personal
property by one party to another, under agreement
◉ Bait and Switch Advertising.
Answer: Promoting a low-priced item to attract customers to whom
the business then tries to sell a higher priced item
◉ balance of payments.
Answer: An account that shows Exports-Imports
◉ Balance of trade.
, Answer: unit of the balance of payments that reflects the value of all
goods imported and exported by any nation
◉ Balanced Scorecard.
Answer: using multiple measures to evaluate managerial
performance, allows determination as to whether a manager is
achieving certain objectives at the expense of others that may be
equally or more important
◉ Benchmarking.
Answer: searching for new and better procedures by comparing
your own procedures to that of the very best
◉ beta coefficient.
Answer: measure of risk based on the sensitivity of an individual
stock's returns to changes in the returns of a broad stock market
index; systematic risk, market, undiversifiable, and relative risk
◉ bond rating.
Answer: ratings assigned by an agency that provides assessment of
bond's credit risk
◉ Book Value.
Answer: cost - accumulated depreciation
