BUS-110 FINAL EXAM QUESTIONS WITH ACCURATE
ANSWERS
________ is a federal legislation passed in 2002 that sets higher ethical standards
for public corporations and accounting firms. correct answer The Sarbanes-Oxley
Act
________ is a long-term discount pricing strategy, designed to achieve
profitability through high sales volume. correct answer everyday low pricing
________ is a new product pricing strategy that aims to capture as much of the
market as possible through rock-bottom prices. correct answer penetration
pricing
________ is an international economic and political movement designed to help
goods and services flow more conveniently across international boundaries.
correct answer Free trade
________ is focused on maximizing the effectiveness of the workforce by
recruiting world-class talent, promoting career development, and determining
workforce strategies to boost organizational effectiveness. correct answer Human
resource management
________ is one of the most important sources of short-term financing for many
firms and arises when suppliers ship materials, parts, or goods to a firm without
requiring payment at the time of delivery. correct answer Trade credit
________ is the functional area of business that is responsible for finding the best
sources of funds and the best ways to use them. correct answer Finance
, ________ refers to dividing the market based on measurable characteristics
about people such as age, income, ethnicity, and gender. correct answer
Demographic segmentation
________ refers to the claims owners have against their firm's assets. correct
answer Stockholder's equity
A ________ is a company that provides short-term financing to firms by
purchasing their accounts receivables at a discount. correct answer factor
A ________ is a financial arrangement in which a bank agrees to provide a firm
with funds up to some specified limit, as long as the borrower's financial situation
does not deteriorate, and the bank has sufficient funds. correct answer line of
credit
A ________ is entirely separate from the parties who own it. correct answer
corporation
A very important consideration in picking a legal form of business is ________.
correct answer how much legal liability you are willing to accept
As attorneys who share equal ownership, profits, and losses in their firm,
Raymond James and Alexander Doss have opted for which legal form of business
ownership? correct answer Partnership
ANSWERS
________ is a federal legislation passed in 2002 that sets higher ethical standards
for public corporations and accounting firms. correct answer The Sarbanes-Oxley
Act
________ is a long-term discount pricing strategy, designed to achieve
profitability through high sales volume. correct answer everyday low pricing
________ is a new product pricing strategy that aims to capture as much of the
market as possible through rock-bottom prices. correct answer penetration
pricing
________ is an international economic and political movement designed to help
goods and services flow more conveniently across international boundaries.
correct answer Free trade
________ is focused on maximizing the effectiveness of the workforce by
recruiting world-class talent, promoting career development, and determining
workforce strategies to boost organizational effectiveness. correct answer Human
resource management
________ is one of the most important sources of short-term financing for many
firms and arises when suppliers ship materials, parts, or goods to a firm without
requiring payment at the time of delivery. correct answer Trade credit
________ is the functional area of business that is responsible for finding the best
sources of funds and the best ways to use them. correct answer Finance
, ________ refers to dividing the market based on measurable characteristics
about people such as age, income, ethnicity, and gender. correct answer
Demographic segmentation
________ refers to the claims owners have against their firm's assets. correct
answer Stockholder's equity
A ________ is a company that provides short-term financing to firms by
purchasing their accounts receivables at a discount. correct answer factor
A ________ is a financial arrangement in which a bank agrees to provide a firm
with funds up to some specified limit, as long as the borrower's financial situation
does not deteriorate, and the bank has sufficient funds. correct answer line of
credit
A ________ is entirely separate from the parties who own it. correct answer
corporation
A very important consideration in picking a legal form of business is ________.
correct answer how much legal liability you are willing to accept
As attorneys who share equal ownership, profits, and losses in their firm,
Raymond James and Alexander Doss have opted for which legal form of business
ownership? correct answer Partnership
