Indiana University Bloomington

What do business intelligence tools do? Why an organization needs this particular tool? - Answer -gather and analyze data from internal and external forces -deliver needed information to the right decision maker at the right time - enable the right decision maker to make better business decisions and respond better -Obtain aggregate summaries of future trends and projections -Improve business strategy so it can compete with its rivals where can you get data for business intelligence...

An employee may challenge the enforceability of an employment contract on several grounds. Review the sample indefinite-term employment contract in Appendix A. Identify three ways in which the employer has drafted this contract to help it successfully defend a challenge to its enforceability based on the grounds discussed in this chapter. Explain your answer. - Answer Employment Standards: Overview of Topic - Answer Key features Basic duties of employers Record keeping Paym...

electronic meeting system - Answer - utilizes networked computers and sophisticated software to support various group tasks - provide a synchronous and structured meeting process - The process includes electronic idea generation, idea evaluation, and voting. In this way, EMS helps groups stay on track and avoid costly diversions that can often occur in less structured meetings. Synchronous - Answer at the same time, such as when two people are talking on the telephone. Asynchronous...

Accrual not Cash basis better - Answer Indicates present and continuing ability to generate favorable cash flows First step in establishing Financial Accounting Standards - Answer Topic is identified and placed on boards agenda APB Opinions are - Answer GAAP documents Statements of Financial Accounting Concepts are - Answer Not considered GAAP Documents IFRS is more ____ in its approach to standards than GAAP - Answer Principles based (instead of rules based) Effect...

Three traditional economic functions - Answer Stabilization Policy; Distribution Policy; Allocation Policy Which of the economic functions is state and local government LEAST limited in? - Answer Allocation Policy Stabilization Policy - Answer Government's role in maintaining employment, price stability, and economic growth through the use of fiscal and monetary policy. Fiscal policy - Answer Federal, state, and local spending Monetary policy - Answer Federal Reserv...

Use if modified accrual accounting: - Eliminates the need for keeping track of encumbrances during budget execution - records expenditures when contractual payments are made - records expenditures when materials are delivered - Answer records expenditures when contractual payments are made TRUE OR FALSE: An organization takes a loan of $400 from a bank and use this money to buy an equipment that has a market value of $400. This transaction would increase the organization's net ass...

Which of the following arguments is based on the concept of adverse selection? - Answer Private medical insurance companies seek to exclude those most likely to need healthcare Wal-Mart employees have reduced incentive to maintain their health because of the attractive health benefits the company provides. This is an illustration of the principle of: - Answer moral hazard The problem that Wal-Mart faces as it attracts many people primarily interested in health insurance coverage, inc...

what is OSHA? - Answer Law that requires employers to provide their employees with working conditions that are free of known dangers; Sets and enforces protective workplace and safety health standards; Provides info, training, and assistance to workers and employees why does OSHA exist? - Answer Because until 1970, no uniform comprehensive provisions existed to protect against workplace safety and health hazards how many workers die on average from workplace injuries every day? - A...

horizontal equity - Answer When two similarly situated taxpayers are taxed the same vertical equity - Answer the idea that taxpayers with a greater ability to pay taxes should pay larger amounts corrective tax - Answer a tax designed to induce people to take account of the negative externalities they cause. i.e. gas, chemicals, etc. marginal tax rate - Answer the extra taxes paid on an additional dollar of income during an economic increase... - Answer withholding incr...

Human Resource Management - Answer the use of individuals to achieve organization objectives Staffing - Answer the process through which an organization ensures that it always has the proper number of employees with the appropriate skills in the right jobs, at the right time, to achieve organizational objectives Staffing includes: - Answer job analysis, human resource planning, recruitment, and selection HRM Functions (6) - Answer 1. Staffing 2. Human resource development ...

What is a treaty? A. an informal agreement between two or more nations B. a formal agreement between two heads of state C. an informal agreement between two heads of state D. a formal agreement between two or more nations - Answer D. a formal agreement between two or more nations Which word best describes early American foreign policy? A. internationalism B. imperialism C. isolationism D. militarism - Answer C. isolationism What geographic feature made early Americans conside...

Golden Rule of Infrastructure Budget - Answer Finance to support capital spending, maintaining the tax base of government entity Why have a capital budget? - Answer - Separate consideration of improving efficiency and equity of providing and financing non recurrent projects with long term service flows - Long life projects - Help stabilize tax rates - Capital projects are permanent - Capital Budgets are valuable tools for managing limited fiscal resources, especially plan activ...

How is Debt funded? - Answer •1) Treasury Bonds-Federal Gov't •2) Municipal Debt- State and Local Gov't Unfunded liabilties - Answer A debt in the future that does not have money set aside Government debt results from 3 conditions - Answer 1) covering deficits (annual expenditures in excess or revenues) 2) Financing capital projects 3) Covering short periods within a fiscal period in which bills exceed the cash on hand. What does rolled over mean? - Answer The...

tax base - Answer -deals with what the tax is being imposed on -ex.) income, payroll, consumption, sales, etc. tax - Answer a mandatory payment to the gov. for which no product or service is received collectability - Answer -how easy it is to collect a tax -its easier to pay taxes when its easy to figure out DWL when dealing with economic impacts - Answer -taxes create DWL -DWL grows with the square of the tax rate Regulatory and Environmental taxes - Answer deals w...

public finance Concerns the role of government in: - Answer -Allocatingresources; -Distributingincome& wealth; -Stabilizingtheeconomy. Government and Private Sector Focuses - Answer Private, for-profit (i.e.,"Proprietary") organizations that focus on maximizing the wealth of the owner(s)-shareholders. oGovernment (i.e.,"Public") organizations that focus on mission-centered goals, while at the same time maintaining a"satisfactory financial condition." oService o...

The three main distinguishing parts of a government - Answer 1) Payments to government are made by those who do not expect to receive repayment or economic benefits proportionate to the resources that are provided; (2) Purpose is other than to make profits, or profit equivalents; and, (3) There is an absence of defined ownership interests. Characteristics of the private sector (5) - Answer -Markets -Exchange -Property rights -Rights of exclusion -Appropriability - ability to captu...

Which of the following statements about federal government finances is not correct? -The federal government levies no general sales tax. -The federal government levies three general types of income taxes. - The corporate income tax is currently the second largest source of total revenue for the federal government. - None of the above. - Answer ANSWER: The corporate income tax is currently the second largest source of total revenue for the federal government. Which of the following ...

Scientific Writing

an essay about social media and the problems that come with it

These are notes that I took in chemistry class in my sophomore year of college