D774 Introduction to Business Exam
Complete Questions with Correct
Answers Updated 2025/2026 Already
Graded!!!100% Guaranteed Pass!!
1. what was the effect of the Sarbanes-Oxley Act of 2002 on corporate
responsibility related to financial controls and reporting? - ANSWER ✓ it
increased corporate responsibility
2. which tyle of unethical behavior does using a corporate credit card for
personal expenses represent? - ANSWER ✓ Fraud
3. how is an investment center different from a profit center? - ANSWER ✓
investment centers are evaluated on capital use and net income
4. What is the role of the Securities and Exchange Commission (SEC) in
influencing accounting standards? - ANSWER ✓ it enforces financial
reporting rules established by the FASB
5. which accounting system is implemented when a standardized process is
used to manufacture identical products - ANSWER ✓ process costing
6. what is the purpose of activity-based costing - ANSWER ✓ to allocate
overhead costs more accurately based on activities
7. a startup company has the following information. Which effect does
decreasing variable selling costs have? - ANSWER ✓ decreases breakeven
points in units
8. a tennis racket manufacturer has the following costs: Which example is
considered a fixed cost? - ANSWER ✓ plant manager salary
9. What happens in this scenario? - ANSWER ✓ the contribution margin ratio
increases
, 10.a company's relevant range extends up to 15,000 units, with fixed costs
remaining at $12,000 per month within this range. How does the concept of
relevant range benefit a company's management team in their decision-
making? - ANSWER ✓ it indicates the level of production at which fixed
costs will change
11.the human resources department in a business incurs costs for annual safety
training for fires, injuries, and tornadoes that affect the entire organization.
which type of responsibility center is this? - ANSWER ✓ discretionary cost
center
12.which information does a variance report reveal about a revenues center's
performance? - ANSWER ✓ identifies where a division is performing in
relation to set financial sales targets
13.a hotel has the following date: Which cost is an example of a variable cost? -
ANSWER ✓ cleaning linens and towels
14.endothon company manufactures lightweight running shoes. Which is a
product cost for endothon company - ANSWER ✓ assembly line worker's
salary
15.what is the potential drawback of having higher fixed costs? - ANSWER ✓
increased financial risk due to fixed costs occurring every month, regardless
of sales volume
16.A financial professional wants to offer auditing and tax prep services to the
public. To do so, they must pass a certification exam and meet state
licensing requirements. Which title does this individual need to obtain? -
ANSWER ✓ CPA
17.a company is implementing new fraud prevention measures and ensuring
compliance with financial reporting regulations. Who is responsible for
overseeing and maintaining these internal controls? - ANSWER ✓
Management
Complete Questions with Correct
Answers Updated 2025/2026 Already
Graded!!!100% Guaranteed Pass!!
1. what was the effect of the Sarbanes-Oxley Act of 2002 on corporate
responsibility related to financial controls and reporting? - ANSWER ✓ it
increased corporate responsibility
2. which tyle of unethical behavior does using a corporate credit card for
personal expenses represent? - ANSWER ✓ Fraud
3. how is an investment center different from a profit center? - ANSWER ✓
investment centers are evaluated on capital use and net income
4. What is the role of the Securities and Exchange Commission (SEC) in
influencing accounting standards? - ANSWER ✓ it enforces financial
reporting rules established by the FASB
5. which accounting system is implemented when a standardized process is
used to manufacture identical products - ANSWER ✓ process costing
6. what is the purpose of activity-based costing - ANSWER ✓ to allocate
overhead costs more accurately based on activities
7. a startup company has the following information. Which effect does
decreasing variable selling costs have? - ANSWER ✓ decreases breakeven
points in units
8. a tennis racket manufacturer has the following costs: Which example is
considered a fixed cost? - ANSWER ✓ plant manager salary
9. What happens in this scenario? - ANSWER ✓ the contribution margin ratio
increases
, 10.a company's relevant range extends up to 15,000 units, with fixed costs
remaining at $12,000 per month within this range. How does the concept of
relevant range benefit a company's management team in their decision-
making? - ANSWER ✓ it indicates the level of production at which fixed
costs will change
11.the human resources department in a business incurs costs for annual safety
training for fires, injuries, and tornadoes that affect the entire organization.
which type of responsibility center is this? - ANSWER ✓ discretionary cost
center
12.which information does a variance report reveal about a revenues center's
performance? - ANSWER ✓ identifies where a division is performing in
relation to set financial sales targets
13.a hotel has the following date: Which cost is an example of a variable cost? -
ANSWER ✓ cleaning linens and towels
14.endothon company manufactures lightweight running shoes. Which is a
product cost for endothon company - ANSWER ✓ assembly line worker's
salary
15.what is the potential drawback of having higher fixed costs? - ANSWER ✓
increased financial risk due to fixed costs occurring every month, regardless
of sales volume
16.A financial professional wants to offer auditing and tax prep services to the
public. To do so, they must pass a certification exam and meet state
licensing requirements. Which title does this individual need to obtain? -
ANSWER ✓ CPA
17.a company is implementing new fraud prevention measures and ensuring
compliance with financial reporting regulations. Who is responsible for
overseeing and maintaining these internal controls? - ANSWER ✓
Management
