Study guides, Class notes & Summaries

The objective of financial accounting information is to explain financial and economic reality, including both financial performance and financial position of an entity or company. The Chief Financial Officer (CFO), often in collaboration with the CEO, develops ‘perspectives’ on what this economic reality is and how it should be reported. Invariably, this invites earnings management of all sorts. Earnings management includes the whole spectrum from conservative accounting through to mod...

Which type of market operation does the federal Reserve use to increase the money supply when it buys bonds from the public in the nation's bond market? - ANSWER>>Open Market Operation If the government increases purchases by $10 billion, the aggregate demand for goods and services could rise by more than $10 billion. What effect does this illustrate? - ANSWER>>Crowding out effect Which fiscal polices will result in a rightward shift of the aggregate demand curve? - ANSWER&gt...

A Parts Manufacturer with a tiered-pricing setup (two Buckets) keys a Visa Business Credit Card information that qualifies for Visa's business to business interchange qualification. What rate will the merchant pay on this transaction? - non-qualified When using the gross discount method, what are discount fees charged on? - If a Merchant contacts the payments professional and inquires about any early termination fees (ETF), to what should the payments professional be alerted? - The Mercha...

1. Which version of PHP introduced class type hints? C a) PHP 4 b) PHP 4.3 c) PHP 5 2. Inheritance is the means by which one or more classes can be derived from a/an class. A a) Base b) Abstract c) Null 3. What will be the output of the following PHP code? C a) Bool(true)bool(true) b) Bool(false)bool(false) c) Bool(true)bool(false) output 4. What will be the of the following PHP code? B 4. ?php 5. class MyClass 6. { 7. } 8. 9. class NotMyClass 10.{ 11.} 12.$a = new MyClass...

A Sustainable Compliance Program must: - ️️Be implemented into Business-as-usual (BAU) activities as part of the organizations overall security strategy. True or False: The driving objective behind all PCI DSS compliance activities is to attain a compliant report. - ️️False ongoing security of cardholder data is the driving objective which will lead to a compliant report Effective metrics program can provide useful data for: - ️️Allocation of resources to minimize risk occurren...

Chapter 31-Introduction to Business Organization-Questions And Answers Limited Liability Company (LLC) - ANSWER-Partnership-type organization but with limited liability Sole Proprietorship - ANSWER-Business owned and carried on by one person Proprietor - ANSWER-Owner of a sole proprietorship Ficitious Name Registration Statuses - ANSWER-Law requiring operator of business under assumed name to register with state Unlimited Liability - ANSWER-Business debts payable from personal ass...

Introduction to Business Exam-Questions & Answers Graded A+ What is business? - ANSWER-the organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs What is the purpose of business? - ANSWER-To offer value to customers and to make profit What are the sectors of the economy? - ANSWER-Primary, Secondary, Tertiary and Quaternary What does the primary sector describe? - ANSWER-The production and exchange of raw materials/natur...

Introduction to Business Exam Review-Questions And Answers 100% Verified Profit - ANSWER-the money left over after a business has paid the cost of providing its goods and services Goods - ANSWER-physical products Services - ANSWER-tasks that businesses perform for consumers Needs - ANSWER-things that are required in order to live Market research - ANSWER-the act of gathering and analyzing information about the wants, needs, and preferences of consumers in a certain market Competi...

INTRODUCTION TO BUSINESS FINAL EXAM-QUESTIONS AND ANSWERS 100% CORRECT A partnership with foreign country that can provide immediate market knowledge and access comedies risk and control over product attributes is a - ANSWER-Joint venture A reduction in value of a nations currency relative to the curtains about the country is called - ANSWER-Currency devaluation A trade restriction that limits the amount of a particular good that may have been imported into a country during a given peri...

Intro to Business Exam 1-Questions & Answers 100% Correct What is the primary focus of a profit organization? - ANSWER-To make a profit. What are the four functions of management? - ANSWER-Planning, organizing, controlling, and leading What are the factors of production used to make goods and services? - ANSWER-quality products, efficient operations, social responsibility, and business ethics. What is Communism? - ANSWER-Owned and operated by by government. No competition, the govern...