BUS 120 FINAL EXAM 2024/2025 NEWEST!! ACTUAL COMPLETE
250 REAL EXAM QUESTIONS WITH CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) /ALREADY GRADED A+
The ______________________________ identifies a firm's sources
of money in a
given accounting period on the firm's operating, investing and
financing activities. -
ANSWER -statement of
cash flows
The Sarbanes-Oxley Act requires that CEOs and financial officers
personally certify
the validity of their financial statements. -
ANSWER -true
Every January, Regal League Inc. distributes special coupons for
some of its leading brands and pays the Special Olympics 10 cents
for every redeemed
coupon. This tie-in between Regal League and the Special
Olympics is an example
of cause-related marketing. -
ANSWER –true
GE actively recruits and nurtures members of the U.S. military,
currently employing more than 10,000 U.S. veterans. The firm
,provides special recognition and support for military employees
and families before, during, and after deployments. This is an
example of corporate responsibility. - ANSWER -true
On average, U.S. company-owned McDonald's restaurant recycles
more than 17 tons of corrugated cardboard per year and
approximately 13,000 pounds of used cooking oil per year. This is
an example of sustainable development. - ANSWER true
The Foreign Corrupt Practices Act prohibits bribery and
corruption on the part of
U.S. businesses, operating internationally. -
ANSWER –true
A clothing company, Clendtine Fashions, pledges five percent of
its annual revenue to environmental causes around the world.
Being one of the top international companies, the founders of the
company have an obligation to contribute toward the
betterment of the world. This scenario is an example of
Clendtine Fashions's
participation in _____. - ANSWER -social
responsibility
In a statement of cash flows, cash comes from
____________________________
,show the amount of cash that flows into a company from the
sale of goods and
services. - ANSWER -operating
activities
The _____________________ forecasts the types and amounts of
assets a firm will need to implement its future plans as well as the
amount of additional financing the firm must arrange in order to
acquire those assets. - ANSWER -budgeted balance sheet.
___________________ is granted by suppliers when they ship
materials, parts, or goods to a firm without requiring payment at
the time of delivery. - ANSWER -Trade credit.
Timber Woods, Inc., has just arranged for a $300,000 line of credit
with its banker for the next year. Which of the following statements
is true of this scenario? - ANSWER -Timber Woods can take loans
of up to $300,000 from the bank over the next year as long as its
credit rating doesn't deteriorate and the bank has sufficient funds.
Equity financing is provided by: - ANSWER -owners; debt
financing is provided by
creditors.
, The mix of equity and debt financing a firm uses to meet long-term
financing needs
is known as the firm's _______________. - ANSWER -
capital structure.
Which of the following is an advantage of debt financing? -
ANSWER -Tax-
deductible interest
rates.
Which of the following is a disadvantage of debt financing? -
ANSWER -The firm is
required to make fixed payments to the
creditors.
Projects with a negative net present value (NPV), should be: -
ANSWER -rejected
since the expected future cash flows from the project are less
than the cost of the
investment.
An individual's ethical beliefs are influenced by his or her social
group and culture. -
ANSWER -
True
250 REAL EXAM QUESTIONS WITH CORRECT DETAILED
ANSWERS (VERIFIED ANSWERS) /ALREADY GRADED A+
The ______________________________ identifies a firm's sources
of money in a
given accounting period on the firm's operating, investing and
financing activities. -
ANSWER -statement of
cash flows
The Sarbanes-Oxley Act requires that CEOs and financial officers
personally certify
the validity of their financial statements. -
ANSWER -true
Every January, Regal League Inc. distributes special coupons for
some of its leading brands and pays the Special Olympics 10 cents
for every redeemed
coupon. This tie-in between Regal League and the Special
Olympics is an example
of cause-related marketing. -
ANSWER –true
GE actively recruits and nurtures members of the U.S. military,
currently employing more than 10,000 U.S. veterans. The firm
,provides special recognition and support for military employees
and families before, during, and after deployments. This is an
example of corporate responsibility. - ANSWER -true
On average, U.S. company-owned McDonald's restaurant recycles
more than 17 tons of corrugated cardboard per year and
approximately 13,000 pounds of used cooking oil per year. This is
an example of sustainable development. - ANSWER true
The Foreign Corrupt Practices Act prohibits bribery and
corruption on the part of
U.S. businesses, operating internationally. -
ANSWER –true
A clothing company, Clendtine Fashions, pledges five percent of
its annual revenue to environmental causes around the world.
Being one of the top international companies, the founders of the
company have an obligation to contribute toward the
betterment of the world. This scenario is an example of
Clendtine Fashions's
participation in _____. - ANSWER -social
responsibility
In a statement of cash flows, cash comes from
____________________________
,show the amount of cash that flows into a company from the
sale of goods and
services. - ANSWER -operating
activities
The _____________________ forecasts the types and amounts of
assets a firm will need to implement its future plans as well as the
amount of additional financing the firm must arrange in order to
acquire those assets. - ANSWER -budgeted balance sheet.
___________________ is granted by suppliers when they ship
materials, parts, or goods to a firm without requiring payment at
the time of delivery. - ANSWER -Trade credit.
Timber Woods, Inc., has just arranged for a $300,000 line of credit
with its banker for the next year. Which of the following statements
is true of this scenario? - ANSWER -Timber Woods can take loans
of up to $300,000 from the bank over the next year as long as its
credit rating doesn't deteriorate and the bank has sufficient funds.
Equity financing is provided by: - ANSWER -owners; debt
financing is provided by
creditors.
, The mix of equity and debt financing a firm uses to meet long-term
financing needs
is known as the firm's _______________. - ANSWER -
capital structure.
Which of the following is an advantage of debt financing? -
ANSWER -Tax-
deductible interest
rates.
Which of the following is a disadvantage of debt financing? -
ANSWER -The firm is
required to make fixed payments to the
creditors.
Projects with a negative net present value (NPV), should be: -
ANSWER -rejected
since the expected future cash flows from the project are less
than the cost of the
investment.
An individual's ethical beliefs are influenced by his or her social
group and culture. -
ANSWER -
True
