Business Final Exam Questions And Answers

Business Final Exam Questions And
Answers
Ab_________________bisbabbroadbtermbforbabprofessionalbwhobhelpsbmanagebyourbmoney
.bAb________________bhelpsbcompaniesbandbindividualsbcreatebabprogrambtobmeetblong-
termbfinancialbgoals.b-bCORRECTbbANSWER--financialbadvisorb
-financialbplanner

AcademicbdishonestybisbconsideredbanybbreachbinbthebprinciplesboutlinedbinbthebAcademicb
IntegritybStatement.bThebcatalogbfurtherbidentifiesbwhatbfourbitemsborbactsbasbacademicbdis
honesty?b-bCORRECTbbANSWER--
Giving,breceiving,borbusingbunauthorizedbaid,bincludingbthebinappropriatebusebofbelectronicb
devices,bonbanybworkbsubmittedbtobfulfillbacademicbrequirements.bInbexaminationbsituation
sballbelectronicbdevicesbmustbbeboffbandbstowedbunlessbotherwisebauthorizedbbybthebinstruc
tor
-
Plagiarism,bwhichbincludesbthebintentionalborbunintentionalbcopyingbofblanguage,bstructure,
borbideasbofbanotherbandbattributingbthebworkbtobone'sbownbefforts

-
Attemptsbtobcopy,bedit,borbdeletebcomputerbfilesbthatbbelongbtobanotherbpersonborbusebofbco
mputerbaccountsbthatbbelongbtobanotherbpersonbwithoutbthebpermissionbofbthebfilebownerbor
baccountbowner

-
Failurebtobhavebanbapprovedbproctorbduringbexaminations.bInstructorsbhavebfinalbdetermin
ationbonbpersonnelbusedbforbproctoringbofbexaminations.bStudentsbinbonlinebcoursesbmaybs
uggestbpotentialbproctors,bhoweverbthebinstructorbwillbdecidebonbtheblocationbandbpersonne
lbinvolved

Accordingbtobtheb"Study"bstepbofbthebStudybCycle,bhowbmanybintensebstudybsessionsbshoul
dbyoubhavebperbday?bWhatbshouldbyoubdobonbthebweekends?b-bCORRECTbbANSWER-3-
5bshortbstudybsessionsbperbday;bweekendbreviewbreadbnotesbandbmaterialbfrombthebweekba
ndbmakebconnections

Afterbreadingb"resumebwritingbintroduction",bwhatbarebfivebadditionalbtipsbtobconsider?b-
bCORRECTbbANSWER--leaveboffbpersonalbinformation

-appearance:bresumebshouldbbebprintedbonbabneutralbcolorbpaper
-accentuatebthebpositive
-length

,-catchbthebreader'sbeye

Anbentrepreneurialbopportunitybmanybentail:b-bCORRECTbbANSWER--
pioneeringbabtrulybinnovativebproduct
-devisingbabnewbbusinessbmodel
-creatingbabbetterborbcheaperbversionbofbanbexistingbproduct
-targetingbanbexistingbproductbtobnewbsetsbofbcustomers

CanbAcademicbForgivenessbapplybtobabcoursebwhenbabviolationbofbthebAcademicbIntegrityb
Policyboccurred?b-bCORRECTbbANSWER-No

Costbaccountingb-bCORRECTbbANSWER-
Justbasbmanagerialbaccountingbhelpsbbusinessesbmakebdecisionsbaboutbmanagement,bco
stbaccountingbhelpsbbusinessesbmakebdecisionsbaboutbcosting.bEssentially,bcostbaccounti
ngbconsidersballbofbthebcostsbrelatedbtobproducingbabproduct.bAnalysts,bmanagers,bbusines
sbownersbandbaccountantsbusebthisbinformationbtobdeterminebwhatbtheirbproductsbshouldbc
ost.bInbcostbaccounting,bmoneybisbcastbasbanbeconomicbfactorbinbproduction,bwhereasbinbfin
ancialbaccounting,bmoneybisbconsideredbtobbebabmeasurebofbabcompany'sbeconomicbperfor
mance.

doublebdipb-bCORRECTbbANSWER-
Abcoursebthatbsatisfiesbtwobrequirements.bThesebcoursesbareblistedbinbtwobdifferentbcategor
iesbinbthebGENbEDbsectionbofbthebcatalog.bIfbyoub"doublebdip"byoubmustbcreatebab3bhourbele
ctiveb(inbthebwhitebspacebofbthebworksheet)btobensurebyoubcompletebthebhoursbrequiredbforb
yourbmajor.

excessbelectivesb-bCORRECTbbANSWER-
Occursbwhenbyoubhavebcompletedbmorebthanbthebnumberbofbrequiredbelectivebhoursbyourb
curriculum

Financialbaccountingb-bCORRECTbbANSWER-
Financialbaccountingbrefersbtobthebprocessesbusedbtobgeneratebinterimbandbannualbfinanci
albstatements.bThebresultsbofballbfinancialbtransactionsbthatboccurbduringbanbaccountingbper
iodbarebsummarizedbintobthebbalancebsheet,bincomebstatement,bandbcashbflowbstatement.b
ThebfinancialbstatementsbofbmostbcompaniesbarebauditedbannuallybbybanbexternalbCPAbfir
m.bForbsome,bsuchbasbpubliclybtradedbcompanies,bauditsbarebablegalbrequirement.bHoweve
r,blendersbalsobtypicallybrequirebthebresultsbofbanbexternalbauditbannuallybasbpartbofbtheirbde
btbcovenants.bTherefore,bmostbcompaniesbwillbhavebannualbauditsbforbonebreasonborbanoth
er.

Forbabmockbinterviewbwithbabcounselor:b-bCORRECTbbANSWER--
Havebyourbresumebreadybtobupload
-
Itbisbalsobhelpfulbtobincludebabjobbdescriptionbfrombabjobborbsimilarbjobbtobwhichbyoubwouldblik
ebtobapply
-Requestsbbebmadeb3btob5bdaysbinbadvance

, Forbanbopportunitybtobbeb"entrepreneurial"bitbimpliesbthatbitbisb__________.b-
bCORRECTbbANSWER-anbofferingbthatbisbnovelbinboneborbmorebofbfourbways




Frombabbusinessbcontext,bwhatbdobMISbstudentsblearn?b-bCORRECTbbANSWER-
MISbstudentsblearnbhowbbusinessesbusebinformationbtobimprovebthebcompany'sboperations
.bStudentsbalsoblearnbhowbtobmanagebvariousbinformationbsystemsbsobthatbtheybbestbserveb
thebneedsbofbmanagers,bstaffbandbcustomers.bMISbstudentsblearnbhowbtobcreatebsystemsbf
orbfindingbandbstoringbdatabandbtheyblearnbaboutbcomputerbdatabases,bnetworks,bcompute
rbsecuritybandblotsbmore.

Howbarebfinancialbaccountingbtransactionsbsummarized?b-bCORRECTbbANSWER--
balancebsheet
-incomebstatement
-cashbflowbstatement

HowbdoesbabforgivenbcoursebappearbonbyourbAcademicbTranscript?b-
bCORRECTbbANSWER-

forgivenbcoursesbremainbonbthebtranscriptbandbwillbbebshownbasbanbFGDborbFGF

HowbfarbinbadvancebmustbyoubschedulebanbInterviewbRoombSpace?b-
bCORRECTbbANSWER-Spacebisbonbabfirst-come,bfirst-

servebbasisbandbisbsubjectbtobavailablilitybduringbourbrecruitingbseason.

Howbisbthebfeebassessedbifbyoubarebabfreshmanborbsophomorebbusinessbmajor,babnon-
businessborbpart-timebmajorbtakingb3000-borb4000-levelbbusinessbcourses?b(Majorbfeeb-
bbybthebsemesterborbCoursebfeeb-bbybthebcreditbhour)b-bCORRECTbbANSWER-

$106bperbcreditbhourbforbin-statebstudentsbandb$108bperbcreditbhourbforbout-of-
statebstudents.bAppliesbtobmajorsbwhobarebfreshmenborbsophomores,bnon-
businessbmajorsbandbpart-timebmajorsbwhobarebtakingb3000-bandb4000-
levelbbusinessbcoursesb(ACCT,bAS,bBUS,bECON,bELE,bFIN,bGC,bLAW,bMGT,bMKT,bandbM
L).

Howbisbthebfeebassessedbifbyoubarebfull-
timebbusinessbmajorbwithbjuniorborbseniorbstatusbbasedbonbcreditbhours?b(Majorbfeeb-
bbybthebsemesterborbCoursebfeeb-bbybthebcreditbhour)b-bCORRECTbbANSWER-

$1,059bperbsemesterbforbin-statebjuniorsbandbseniorsbandb$1,087bperbsemesterbforbout-of-
statebjuniorsbandbseniors.bAppliesbtobfull-
timebbusinessbmajorsbwhobarebconsideredbjuniorborbseniorbstatusbinbtermsbofbcreditbhours.

HowbisbthebiLEADbprogrambstructured?b-bCORRECTbbANSWER--
Leadershipbthroughbknowledgeb(6bprogrambelements)
-Leadershipbthroughbapplicationsb(8bprogrambelements)
-Leadershipbthroughbexperiencesb(6bprogrambelements)