Business and Finance 6-12 (276)
TExES.exam with correct 100% detailed
answers
When a company is trying to regulate its spending and track incoming funds, the
accountant should prepare an income statement once - ans-every month.
A lending company will review a borrower's accounting documentation to evaluate -
ans-creditworthiness.
Which of the following doctrines prevents a person from insuring a neighbor's
house? - ans-Doctrine of subrogation
Which of the following inventory systems is designed to record the actual costs
associated with the inventory using a physical count? - ans-The perpetual inventory
system
In which of the following sections of the balance sheet is prepaid insurance
recorded? - ans-Assets
Which of the following statements is generally true about the purchasing function
today? - ans-Purchasing is evolving into strategic supply management.
The owner of a small boat rental company opened the business as a sole
proprietorship but has since decided to bring a friend into the business. It is best for
the owner, who is concerned about the cost of changing the form of the company's
organization, to change the business structure to a - ans-partnership.
, Kim, a young college student, has decided to start a business. She does not have
much capital but believes the business can generate capital through an initial public
offering (IPO). An IPO is categorized as - ans-equity.
The marketing department of a small business wants to obtain information about
how and why a product continues to be successful after many years. Which of the
following research techniques will be most effective? - ans-Requesting user surveys
Which of the following best describes management practices that promote
adaptability in a global business environment? - ans-Changing strategies to
accommodate local conditions
Which of the following types of compensation has the greatest positive effect on
employee motivation and productivity? - ans-Varied and attainable pay mix
To have the greatest impact on long-term employee productivity, businesses must -
ans-conduct effective employee evaluations.
RXJW is a publicly traded company that is required by law to register its code of
ethics with the Securities and Exchange Commission and ensure that its senior
financial officers are aware of the policy. Which of the following mandates this
requirement? - ans-Sarbanes-Oxley Act
Which of the following advertising claims is most likely to prompt an inquiry by the
Federal Trade Commission? - ans-Using our cream guarantees no more wrinkles.
In which of the following situations has a tort occurred? - ans-A firework spark lands
on a neighbor's tree and burns it down.
Which of the following policies will most likely increase foreign trade? - ans-
Establishing free-trade zones
Which of the following statements regarding the taxation and international business
operations of a company in its residence and source states is true? - ans-The
residence state mitigates the tax.
TExES.exam with correct 100% detailed
answers
When a company is trying to regulate its spending and track incoming funds, the
accountant should prepare an income statement once - ans-every month.
A lending company will review a borrower's accounting documentation to evaluate -
ans-creditworthiness.
Which of the following doctrines prevents a person from insuring a neighbor's
house? - ans-Doctrine of subrogation
Which of the following inventory systems is designed to record the actual costs
associated with the inventory using a physical count? - ans-The perpetual inventory
system
In which of the following sections of the balance sheet is prepaid insurance
recorded? - ans-Assets
Which of the following statements is generally true about the purchasing function
today? - ans-Purchasing is evolving into strategic supply management.
The owner of a small boat rental company opened the business as a sole
proprietorship but has since decided to bring a friend into the business. It is best for
the owner, who is concerned about the cost of changing the form of the company's
organization, to change the business structure to a - ans-partnership.
, Kim, a young college student, has decided to start a business. She does not have
much capital but believes the business can generate capital through an initial public
offering (IPO). An IPO is categorized as - ans-equity.
The marketing department of a small business wants to obtain information about
how and why a product continues to be successful after many years. Which of the
following research techniques will be most effective? - ans-Requesting user surveys
Which of the following best describes management practices that promote
adaptability in a global business environment? - ans-Changing strategies to
accommodate local conditions
Which of the following types of compensation has the greatest positive effect on
employee motivation and productivity? - ans-Varied and attainable pay mix
To have the greatest impact on long-term employee productivity, businesses must -
ans-conduct effective employee evaluations.
RXJW is a publicly traded company that is required by law to register its code of
ethics with the Securities and Exchange Commission and ensure that its senior
financial officers are aware of the policy. Which of the following mandates this
requirement? - ans-Sarbanes-Oxley Act
Which of the following advertising claims is most likely to prompt an inquiry by the
Federal Trade Commission? - ans-Using our cream guarantees no more wrinkles.
In which of the following situations has a tort occurred? - ans-A firework spark lands
on a neighbor's tree and burns it down.
Which of the following policies will most likely increase foreign trade? - ans-
Establishing free-trade zones
Which of the following statements regarding the taxation and international business
operations of a company in its residence and source states is true? - ans-The
residence state mitigates the tax.
