ACAP CP EXAM QUESTIONS AND ACCURATE ANSWERS|
ACTUAL REAL EXAM WITH FREQUENTLY TESTED
QUESTIONS AND STUDY GUIDE|ALREADY A
GRADED|GUARANTEED PASS|LATEST UPDATE 2025.
A new young executive is perplexed at the number of interruptions that occur due to employee
relations. She has decided to track the number of interruptions that occur during each hour of her
day. Over the last month, she has determined that between 0 and 3 interruptions occur during any
given hour of her day. The data is shown below. Number of interruptions - probability (1.) 0
interruptions - .4 (2.) 1 interruptions - .3 (3.) 2 interruptions - .2 (4.) 3 interruptions - .1 On
average she should expect 1 interruption per hour. - CORRECT ANSWER False
_____ is the amount of data that can be transferred from one point to another in one second. -
CORRECT ANSWER Bandwidth
The principle of rational choice specifically states that you choose how to spend additional
income based on what gives you: - CORRECT ANSWER The most marginal utility for that
dollar
Outdoor World has everything any hunter or fisherman could want, all under one roof including
a display of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of
retailer is Outdoor World? - CORRECT ANSWER Destination retailing
Jack has the power to give a bonus the employees to achieve a certain level of performance. This
is an example of: - CORRECT ANSWER Reward Power
The rate of unemployment is calculated as the number of: - CORRECT ANSWER Unemployed
divided by the number of people in the civilian labor force.
On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders
the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and
consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the
rest. The store manager offers him the fourth for free. The construction worker says: "No
thanks." Why? - CORRECT ANSWER Marginal utility declined as he consumed additional Big
Macs.
George, a project manager at a publishing firm, is experiencing many stress-related symptoms.
What is the best advice an HR manager could give George? - CORRECT ANSWER Recognize
your own limitations
Which of the following is a category or element of the balance sheet? - CORRECT ANSWER
Liabilities
In the context of the data component of an information system, internal data sources include
_____. - CORRECT ANSWER Personnel Records
,According to the hot stove rule, disciplinary action should most likely occur immediately, so that
the individual _____. - CORRECT ANSWER Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple,
repetitive tasks and can be used to free workers from tedious or hazardous jobs. - CORRECT
ANSWER Robots
A company has two bonds that are identical except one matures in 5 years and one matures in 10
years. If interest rates fall, what will happen to the price of the bonds? - CORRECT ANSWER
Both will increase and the 10-year will increase more.
Any business activity, which resorts to deceitful practices or devices with the intent to deprive
another of property or other rights, or to cause economic injury. - CORRECT ANSWER
External Fraud
Which of these actions would likely result in a lower current ratio? - CORRECT ANSWER
Extending the time to pay suppliers
Dave is developing a social media platform to help Saint Leo students plan events and track
attendance. Part of his persona profile includes age, gender and class year. What part of
segmentation best describes these factors? - CORRECT ANSWER Demographic
Ellen, as a manager, has always been driven by scheduling, directing group activities, planning,
and trying out new ideas. For her, meeting deadlines is critical and she always gives explicit
standards of performance. Ellen can be described as high on which of these? - CORRECT
ANSWER Delegating
The following is a payoff table giving profits for various situations. (State 1): 0. / /
44 (State 2): 0. / / 33 (State 3): 0. / / 55 If a person were to use the
expected monetary value criterion, what decision would be made? - CORRECT ANSWER
Alternative 3
In the long run, the price for a perfectly competitive firm: - CORRECT ANSWER Will be
determined by the firm's supply and demand curves?
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the
same brand names and the same core menu items around the world, but make some concessions
to local tastes too. - CORRECT ANSWER Transnational strategy
_______ laws are federal and state statutes and regulations that promote product safety and
prohibit abusive, unfair, and deceptive business practices. - CORRECT ANSWER Consumer
Protection
The World Trade Organization (WTO) is: - CORRECT ANSWER The only global international
organization focused on negotiating the rules of trade between nations.
,Which of these is not a critical component is designing an advertising campaign? - CORRECT
ANSWER Detailed product information
In a relational database model, a _____ is a field in a relational table that matches the primary
key column of another table. - CORRECT ANSWER Foreign key
The ________ was intended to eliminate job discrimination based on race, color, national origin,
sex, and religion. - CORRECT ANSWER Fair Employment Practices Act
Which of the following is not a shortcoming of using manager judgment for forecasting
availability? - CORRECT ANSWER Managers are always overall aggressive in estimating
hiring requirements
Which of these is typically a characteristic of a sales promotion? - CORRECT ANSWER The
consumer does not have to buy the product to benefit from the offer
A(n) _____ consists of programs that mimic human thought behavior in a specific area that
human specialists have solved successfully. - CORRECT ANSWER Artificial intelligence
system
When the costs of supplies increase in an industry, the low cost leader_____ - CORRECT
ANSWER is the only firm able to pay the higher prices and continue to earn average or above
average returns
Accounts Payable - CORRECT ANSWER current liability account in which a company records
the amounts it owes to suppliers or vendors for goods or services that it recieved on credit
accounts receivable - CORRECT ANSWER current asset account in which a company records
the amounts it has a right to collect from customers who received goods or services on credit
what is the cost of goods sold? - CORRECT ANSWER the total cost of merchandise sold during
a period
owners equity - CORRECT ANSWER one of the three main sections of a sole proprietorship's
balance sheet
cash - CORRECT ANSWER includes the following: currency and coins, checks received from
customers but not yet deposited, checking accounts, and petty cash
cash equivalents - CORRECT ANSWER short-term high liquidity investments with a maturity
date that was 3 months or less at the time of purchase. Ex) money market accounts, U.S.
Treasury Bills, and commercial paper
when a business erroneously records expenses as assets, it has violated the measurement of
_____ - CORRECT ANSWER classification
, lying by omission involves intentionally - CORRECT ANSWER withholding material facts
The Federal Highway Administration uses notice-and-comment rulemaking. this process begins
with - CORRECT ANSWER the publication of a notice of proposed rulemaking
one way human resource planning links to strategic planning is by providing a set of inputs into
the ______ - CORRECT ANSWER strategy formulation process
which of the following is not one of W. Edwards Deming's 14 points? - CORRECT ANSWER
the only performance standard is zero defects
operating statement is another name for the ______ - CORRECT ANSWER Income Statement
Purchases, returns and allowances, and purchase discounts are classified as _______ on the
income statement - CORRECT ANSWER contra-cost accounts
law of supply - CORRECT ANSWER states that the quantity of a good supplied (I.E. the
amount owners or producers offer for sale) rises as the market price rises, and falls as the price
falls
population sampling - CORRECT ANSWER the process of taking a subset of subjects that is
representative of the entire population. the sample must have sufficient size to warrant statistical
analysis
what is principles of accounting - CORRECT ANSWER the broad underlying concepts which
guide accountants when preparing financial statements
what is equity? - CORRECT ANSWER it indicates an ownership interest in a business
what is meant by reconciling an account? - CORRECT ANSWER it is likely to mean proving or
documenting that an account balance is correct
implicit cost - CORRECT ANSWER any cost that has already occurred but not necessarily
shown or reported as a separate expense
explicit cost - CORRECT ANSWER normal business costs that appear in the general ledger and
directly affect a company's profitability
stocks - CORRECT ANSWER shares of ownership in a company
bonds - CORRECT ANSWER Certificates of debt that carry a promise to buy back the bonds at
a higher price
an increase in ______ will increase owners equity - CORRECT ANSWER client fees
ACTUAL REAL EXAM WITH FREQUENTLY TESTED
QUESTIONS AND STUDY GUIDE|ALREADY A
GRADED|GUARANTEED PASS|LATEST UPDATE 2025.
A new young executive is perplexed at the number of interruptions that occur due to employee
relations. She has decided to track the number of interruptions that occur during each hour of her
day. Over the last month, she has determined that between 0 and 3 interruptions occur during any
given hour of her day. The data is shown below. Number of interruptions - probability (1.) 0
interruptions - .4 (2.) 1 interruptions - .3 (3.) 2 interruptions - .2 (4.) 3 interruptions - .1 On
average she should expect 1 interruption per hour. - CORRECT ANSWER False
_____ is the amount of data that can be transferred from one point to another in one second. -
CORRECT ANSWER Bandwidth
The principle of rational choice specifically states that you choose how to spend additional
income based on what gives you: - CORRECT ANSWER The most marginal utility for that
dollar
Outdoor World has everything any hunter or fisherman could want, all under one roof including
a display of hunting trophies and a swimming pool full of bass to test fishing gear. What kind of
retailer is Outdoor World? - CORRECT ANSWER Destination retailing
Jack has the power to give a bonus the employees to achieve a certain level of performance. This
is an example of: - CORRECT ANSWER Reward Power
The rate of unemployment is calculated as the number of: - CORRECT ANSWER Unemployed
divided by the number of people in the civilian labor force.
On a hot summer day, a construction worker enters a McDonald's fast-food restaurant. He orders
the first Big Mac. He consumes it within 3 minutes. He then orders a second Big Mac and
consumes it in 10 minutes. He eats only half of the third one in 18 minutes and throws away the
rest. The store manager offers him the fourth for free. The construction worker says: "No
thanks." Why? - CORRECT ANSWER Marginal utility declined as he consumed additional Big
Macs.
George, a project manager at a publishing firm, is experiencing many stress-related symptoms.
What is the best advice an HR manager could give George? - CORRECT ANSWER Recognize
your own limitations
Which of the following is a category or element of the balance sheet? - CORRECT ANSWER
Liabilities
In the context of the data component of an information system, internal data sources include
_____. - CORRECT ANSWER Personnel Records
,According to the hot stove rule, disciplinary action should most likely occur immediately, so that
the individual _____. - CORRECT ANSWER Understand the reason for it
In the context of applications of artificial intelligence (AI), _____ perform well at simple,
repetitive tasks and can be used to free workers from tedious or hazardous jobs. - CORRECT
ANSWER Robots
A company has two bonds that are identical except one matures in 5 years and one matures in 10
years. If interest rates fall, what will happen to the price of the bonds? - CORRECT ANSWER
Both will increase and the 10-year will increase more.
Any business activity, which resorts to deceitful practices or devices with the intent to deprive
another of property or other rights, or to cause economic injury. - CORRECT ANSWER
External Fraud
Which of these actions would likely result in a lower current ratio? - CORRECT ANSWER
Extending the time to pay suppliers
Dave is developing a social media platform to help Saint Leo students plan events and track
attendance. Part of his persona profile includes age, gender and class year. What part of
segmentation best describes these factors? - CORRECT ANSWER Demographic
Ellen, as a manager, has always been driven by scheduling, directing group activities, planning,
and trying out new ideas. For her, meeting deadlines is critical and she always gives explicit
standards of performance. Ellen can be described as high on which of these? - CORRECT
ANSWER Delegating
The following is a payoff table giving profits for various situations. (State 1): 0. / /
44 (State 2): 0. / / 33 (State 3): 0. / / 55 If a person were to use the
expected monetary value criterion, what decision would be made? - CORRECT ANSWER
Alternative 3
In the long run, the price for a perfectly competitive firm: - CORRECT ANSWER Will be
determined by the firm's supply and demand curves?
As an example of this strategy, large fast-food chains such as McDonald's and KFC rely on the
same brand names and the same core menu items around the world, but make some concessions
to local tastes too. - CORRECT ANSWER Transnational strategy
_______ laws are federal and state statutes and regulations that promote product safety and
prohibit abusive, unfair, and deceptive business practices. - CORRECT ANSWER Consumer
Protection
The World Trade Organization (WTO) is: - CORRECT ANSWER The only global international
organization focused on negotiating the rules of trade between nations.
,Which of these is not a critical component is designing an advertising campaign? - CORRECT
ANSWER Detailed product information
In a relational database model, a _____ is a field in a relational table that matches the primary
key column of another table. - CORRECT ANSWER Foreign key
The ________ was intended to eliminate job discrimination based on race, color, national origin,
sex, and religion. - CORRECT ANSWER Fair Employment Practices Act
Which of the following is not a shortcoming of using manager judgment for forecasting
availability? - CORRECT ANSWER Managers are always overall aggressive in estimating
hiring requirements
Which of these is typically a characteristic of a sales promotion? - CORRECT ANSWER The
consumer does not have to buy the product to benefit from the offer
A(n) _____ consists of programs that mimic human thought behavior in a specific area that
human specialists have solved successfully. - CORRECT ANSWER Artificial intelligence
system
When the costs of supplies increase in an industry, the low cost leader_____ - CORRECT
ANSWER is the only firm able to pay the higher prices and continue to earn average or above
average returns
Accounts Payable - CORRECT ANSWER current liability account in which a company records
the amounts it owes to suppliers or vendors for goods or services that it recieved on credit
accounts receivable - CORRECT ANSWER current asset account in which a company records
the amounts it has a right to collect from customers who received goods or services on credit
what is the cost of goods sold? - CORRECT ANSWER the total cost of merchandise sold during
a period
owners equity - CORRECT ANSWER one of the three main sections of a sole proprietorship's
balance sheet
cash - CORRECT ANSWER includes the following: currency and coins, checks received from
customers but not yet deposited, checking accounts, and petty cash
cash equivalents - CORRECT ANSWER short-term high liquidity investments with a maturity
date that was 3 months or less at the time of purchase. Ex) money market accounts, U.S.
Treasury Bills, and commercial paper
when a business erroneously records expenses as assets, it has violated the measurement of
_____ - CORRECT ANSWER classification
, lying by omission involves intentionally - CORRECT ANSWER withholding material facts
The Federal Highway Administration uses notice-and-comment rulemaking. this process begins
with - CORRECT ANSWER the publication of a notice of proposed rulemaking
one way human resource planning links to strategic planning is by providing a set of inputs into
the ______ - CORRECT ANSWER strategy formulation process
which of the following is not one of W. Edwards Deming's 14 points? - CORRECT ANSWER
the only performance standard is zero defects
operating statement is another name for the ______ - CORRECT ANSWER Income Statement
Purchases, returns and allowances, and purchase discounts are classified as _______ on the
income statement - CORRECT ANSWER contra-cost accounts
law of supply - CORRECT ANSWER states that the quantity of a good supplied (I.E. the
amount owners or producers offer for sale) rises as the market price rises, and falls as the price
falls
population sampling - CORRECT ANSWER the process of taking a subset of subjects that is
representative of the entire population. the sample must have sufficient size to warrant statistical
analysis
what is principles of accounting - CORRECT ANSWER the broad underlying concepts which
guide accountants when preparing financial statements
what is equity? - CORRECT ANSWER it indicates an ownership interest in a business
what is meant by reconciling an account? - CORRECT ANSWER it is likely to mean proving or
documenting that an account balance is correct
implicit cost - CORRECT ANSWER any cost that has already occurred but not necessarily
shown or reported as a separate expense
explicit cost - CORRECT ANSWER normal business costs that appear in the general ledger and
directly affect a company's profitability
stocks - CORRECT ANSWER shares of ownership in a company
bonds - CORRECT ANSWER Certificates of debt that carry a promise to buy back the bonds at
a higher price
an increase in ______ will increase owners equity - CORRECT ANSWER client fees
