Review Questions for Exam I - Marketing 3301 (Chapters 1-6) This offers a general guideline for studying for the test - Make sure that you read the book and study the slides. Chapter 1 1. Define marketing.( know the AMA definition) 2. Is marketing an important subject to study? why 3. How does marketing relate to production? 4. Define utilities. Know the different utilities. 5. Know the differences between the micro and macro functions of marketing 6
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Controlling Inventory: It is important for business owner’s to constantly monitor the inventory held by a trading business since the success or failure of a business is often decided by the decision-making of management in relation to its inventory. Inventory is the most valuable asset reported in the balance sheet. If inventory is not managed effectively‚ the overall performance of a trading firm will suffer and so will the returns to the owner in terms of profit. As the success of a trading firm
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ACCOUNTING EXAM 2 STUDY GUIDE Chapter 5 1. Know the following terms: merchandise inventory‚ sales‚ sales returns and allowances‚ sales discounts‚ net sales‚ cost of merchandise sold‚ gross profit‚ operating expenses‚ operating cycle‚ purchase discounts‚ purchase returns and allowances‚ FOB shipping point‚ FOB destination‚ and inventory shrinkage. 2. Be able to prepare a multiple step income statement. 3. Be able to prepare the journal entries for the seller and buyer including
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Long Tran. HST200 Chapter 2 Review: The chapter mainly discuss about the time when the English first came to Virginia and established their settlements. But at the beginning of the chapter‚ the author mentioned about how historical documents could be controversial because they were based on eye witness and first hand knowledge. Therefore‚ such example of Captain John Smith were given. Captain John Smith was a well known Virginian for his
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CHAPTER 15: THE FERMENT OF REFORM AND CULTURE Reviving Religion Know: Alexis de Tocqueville‚ The Age of Reason‚ Deism‚ Unitarians‚ Second Great Awakening‚ Camp Meetings‚ Charles Grandison Finney 43. In what ways did religion in the United States become more liberal and more conservative in the early decades of the 19th century? Denominational Diversity Know: Burned-Over-District‚ Millerites (Adventists) 44. What effect did the Second Great Awakening have on organized religion
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1. People must satisfy their basic lower level needs before progressing to higher level needs. a. True b. False 2. Unlike personal communication‚ communication exchanges in organizations focus on tasks. a. True b. False 3. All of the following statements about human needs and motivation are true except: a. management has been impacted by the influence of behavioral scientists in sociology and psychology. b. communication between and among people is complex. c. all companies
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Chapter 4 Review Questions 9-15 (page 179) 9. Identify the two primary sources for acquiring application software. Application Service Provider (ASP) A company that provides software‚ support‚ and the computer hardware on which to run the software from the user’s facilities over a network. Software as a Service (SaaS) A service that allows businesses to subscribe to Web-delivered business application software by paying a monthly service charge or a per-use fee. 10. What is cloud computing
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Chapter 9 Strategic Management 1) A business model describes how a company is going to make money. 2) The first step in the strategic management process is analyzing the external environment. 3) Evaluating an organization’s intangible assets is part of conducting an internal analysis in the strategic management process. 4) Activities that an organization does well or resources that it has available are called capabilities. 5) When conducting a SWOT analysis‚ threats are activities the organization
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FIN432 Review questions for midterm exam 1. The nominal risk-free rate of interest is a function of a) The real risk-free rate plus the investment’s variance. b) The prime rate and the rate of inflation. c) The T-bill rate plus the inflation rate. d) The real risk-free rate and the expected rate of inflation.* 2. At the beginning of the year an investor purchased 100 shares of common stock from ABC Corporation at $10 per share. During the year‚ the firm paid dividends of $1 per share
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Questions 1.‘A theory that is purely syntactic is sterile.’ Comment. How can this statement relateto accounting? A syntactic theory is one that is capable of testing on the basis that it is valid in terms of itslogical consistency. Thus the calculation of accounting profit and determination of assetvaluation can be valid in relation to their conformity with rules prescribing the measurementof accounting profit and asset valuations. This can be described as sterile as it does notnecessarily relate
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