MGG 150 Final Exam Questions with Correct Answers Latest Update 2025/2026
Cash Flow Statement (Three Groups) - Answers Operating, Investing, Financing
Intermediaries help transactions - Answers Decrease
Machinery, Raw Materials, and Labor goes into - Answers COGS
Managers with many locations have wide span of control (T or F) - Answers False
Accountants employed to serve one organization - Answers Private Accountants
The employee selection process - Answers initial screening, employment testing, selection
interview, background, physical exam, decision
sales representative of manufacturers and wholesalers (who earn commission) - Answers
Agent
Taylors Scientific Management - Answers divide work, develop a scientific approach,
scientifically select
Reinforcement Theory - Answers theory that positive and negative reinforcers motivate a person
to behave in certain ways
Sales after deductions - Answers Net sales
Sales before deductions - Answers Gross sales
Balance sheet - Answers At a specific point of time
Income statement/Statement of Cashflows - Answers over a period of time
What is the field that oversees promotional - Answers Integrated Marketing Communications
Not an advantage of narrow span of control - Answers many vertical layers
Vice presidents reporting to President is - Answers Line Function
Debt to Equity Ratio >1 - Answers Bad
Debt to Equity Ratio <1 - Answers Good
Database that is used for managerial decisions - Answers Transaction Processing System
Acid-Ratio test >1 - Answers Good
Acid-Ratio test <1 - Answers Bad
Net Profit Margin of 15% - Answers 15 cents for every 1 dollar of sales
Cash Flow Statement (Three Groups) - Answers Operating, Investing, Financing
Intermediaries help transactions - Answers Decrease
Machinery, Raw Materials, and Labor goes into - Answers COGS
Managers with many locations have wide span of control (T or F) - Answers False
Accountants employed to serve one organization - Answers Private Accountants
The employee selection process - Answers initial screening, employment testing, selection
interview, background, physical exam, decision
sales representative of manufacturers and wholesalers (who earn commission) - Answers
Agent
Taylors Scientific Management - Answers divide work, develop a scientific approach,
scientifically select
Reinforcement Theory - Answers theory that positive and negative reinforcers motivate a person
to behave in certain ways
Sales after deductions - Answers Net sales
Sales before deductions - Answers Gross sales
Balance sheet - Answers At a specific point of time
Income statement/Statement of Cashflows - Answers over a period of time
What is the field that oversees promotional - Answers Integrated Marketing Communications
Not an advantage of narrow span of control - Answers many vertical layers
Vice presidents reporting to President is - Answers Line Function
Debt to Equity Ratio >1 - Answers Bad
Debt to Equity Ratio <1 - Answers Good
Database that is used for managerial decisions - Answers Transaction Processing System
Acid-Ratio test >1 - Answers Good
Acid-Ratio test <1 - Answers Bad
Net Profit Margin of 15% - Answers 15 cents for every 1 dollar of sales
