A fast-food restaurant asks customers to evaluate the drive-thru service as good,
average, or poor. What level of data measurement is this classification?
In order to determine the average amount spent in November on Amazon.com a random
sample of 144 Amazon accounts were selected. The sample mean amount spent in
November was $250 with a standard deviation of $25. Assuming that the population
standard deviation is unknown, what is a 95% confidence interval for the population mean
amount spent on Amazon.com in November?
A shipment of 20 DVDs has arrived at a video rental store. Based on past experience, the
manager knows that 10% of all new DVDs sent to the store have a visible defect. The
manager tells you to begin inspecting the new DVDs one at a time at random until you find
the first DVD that has a defect. If 10% of the DVDs have a visible defect in the new
shipment, what is the probability that the first DVD that has a defect is the 3rd one that
you inspect? (Round your answer to 3 decimal places.)
An insurance agent has selected a sample of drivers that she insures whose ages are in
the range from 16–42 years old. For each driver, she records the age of the driver and the
dollar amount of claims that the driver filed in the previous 12 months. A scatterplot
showing the dollar amount of claims as the response variable and the age as the predictor
shows a linear regression line with: y^=3710 – 55.4x. If the age of a driver increases by 1
year, by how much and in what direction would the dollar amount of claims be predicted
to change for the driver?
A researcher claims that the proportion of employees who play video games in the
workplace is higher than it was 10 years ago. You might be willing to reject the null
hypothesis of no change with a = 0.10 or larger. The p-value for this test is 0.15. In this
case the researcher should
The general plan of major actions through which a firm intends to achieve is long-term
objectives is called its
How valuable a low-cost leader’s cost advantage is depends on
Which of the following represent marketing capabilities at the growth stage of industry
__________ is an organization structured around the idea of sharing knowledge, seeking
knowledge, and creating opportunities to create new knowledge.
Which of the following types of strategic control has a low degree of formalization?
Investors and creditors are particularly interested in this financial statement because it
tells them what is happening to the company’s most important resource?
The cash basis of accounting is prohibited under GAAP for the following reason:
Use the following data to determine the total dollar amount of assets to be classified as
property, plant, and equipment. Eddy Auto Supplies Balance Sheet December 31, 2014
Cash $84,000 Accounts payable $110,000 Accounts receivable $80,000 Salaries and
wages payable $20,000 Inventory $140,000 Mortgage payable $180,000 Prepaid
insurance $60,000 Total liabilities $310,000 Stock investments $170,000 Land $190,000
Buildings $226,000 Common stock $240,000 Less: Accumulated Retained earnings
$500,000 depreciation ($40,000) $186,000 Total stockholders’ equity $740,000
Trademarks $140,000 Total liabilities and Total assets $1,050,000 Stockholders’ equity
The manager of Weiser is given a bonus based on net income before taxes. The net
income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate is 30%. The
bonus rate is 20%. How much higher is the manager’s bonus if FIFO is adopted instead of
The Sarbanes–Oxley Act of 2002 requires publicly traded U.S. companies to take the
following actions to defect and prevent fraud:
On July 1, 2014, Linden Company purchased the copyright to Norman Computer
Tutorials for $140,000. It is estimated that the copyright will have a useful life of 5 years.
The amount of amortization expense recognized for the year 2014 would be
ABC Corp. receives a 7-month interest-bearing promissory note in the amount of
$360,000 on February 1. The interest rate is 15%. What is the total interest expense ABC
Corp will record assuming ABC makes all of its payments?
Logan Corporation issues 50,000 shares of $50 par value preferred stock for cash at $60
per share. The entry to record the transaction will consist of a debit to cash for
$3,000,000 and a credit or credits to
Which of the following tools of analysis is used to evaluate financial statement information
by expressing financial statement data as a percentage over a base amount?
The Sarbanes–Oxley Act of 2002 requires publically-traded U.S. companies to provide
great internal controls. The five primary components of an internal control system include:
a control environment, risk assessment, information and communication, monitoring, and
BUS/475 Week 1 Knowledge Check
BUS/475 Week 2 Knowledge Check
BUS/475 Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business
BUS/475 Week 3 Business Model and Strategic Plan Part II: SWOTT Analysis Paper
BUS/475 Week 4 Knowledge Check
BUS/475 Week 4 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan
BUS/475 Week 5 Final Business Model and Strategic Plan
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