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$17.00 20 mult. choice ques. Managing Tech. and Info
- From Business: Management
- Closed, but you can still post tutorials
- Due on Jun. 26, 2008
- Asked on Jun 19, 2008 at 5:25:54PM
Q:1. Accounting transactions from source documents are recorded in a a. ledger b. cash flow statement c. journal d. profit and loss statement
2. _______provide the necessary info. to determine the liquidity of a company. a. Government agenceies b. stockholders c. contract negotiations d. financial statements
3. Which of the following is true concerning the preparation of financial statements? a. the cost of goods sold is added to sales b. the cost of goods sold is deducted from sales c. the tax and interest are deducted before income profit is reported d. the gross profit is found by deducting operating expenses from sales
4. As a Mancer Industries accountant, you need to calculate the net profit margin. Which of the following formulas would you use? a. net income + sales b.sales + net income c.net income + owners equity d. Owners' equity + net income
5. The debts of a business are considered a.liabilities b. assets c. equity d. securities
6. The ____reflects the financial position of a company at any given time a. equity b. statement of cash flows c. balance sheet d. profit and loss statement
7. What type of accountant would collect info. on a firm's transactions and use the information to prepare financial statements that companies use in decision making? a. public accountant b. management accountant c. not-for-profit accountant d. Government accountant
8. Tony has just come into a significant inheritance and decides to invest in stock in a solid, stable company. Which financial ratio is the most helpful in determining where he invests? a. liquidity ratio b. profitiability ratio c. leverarage ratio d. activity ratio
9. Which accounting statement refers to a specific date or moment and not to a period of time? a. cash flow statement b. income statement c. balance sheet d. both income statement and balance sheet
10. By definition, a computer hacker is someone who a. creates viruses b. engages in unauthorized usage c. amatuer d. neglects to backup files
11. By analyzing reams of data, Sally has discovered a brillant plan for cutting costs. What will most help her plan at a meeting called to convince management? a. groupware b. spreadsheets c. presentation software d. desktop publishing software
12. Jill needs to correct a subordinate whose frequent tardiness is hurting the company. Jill should use a. snail mail b. e-mail c. instant messaging d. face to face
13. Which accounting statement best addresses the fact that a firm that;'s profitable on paper can be forced into bankruptcy? a. statement of cash flows b. balance sheet c. income statement d. depreciation schedule
14. which is the slowest transimission? a. satelite b. microwave c. coaxial cable d. optical cable
15 which is a program that vocally lets you ask for info from any of the company's databases? a. decision support system b. executive information system c. expert system d. data miner
16. which would a company use to electronically link its creative people together worldwide in order to create a new product? a. client/server b. groupware c. LAN d. E-mail
17. The final figure on the income statement, which shows the net income after tases, is known as the a.accounting equation b. cash flow c. owners equity d. bottom line
18. Lemming Company has current assets of $300,000 current liabilities of $100,000 and inventory of $150,000, Lemming's acid test ratio is a. 3.0 b. 1.5 c.1.0. d. 0.5
19Giant tool corporation is a company that began operation in the United States and has since expanded into foreign markets. International accounting practices for global firms require Giant tool corp to a. translate all transactions into dollars b. keep all foreign financial data in the currency of the country in which it was earned. c.translate all transactions into the euro d.operate its U.S. holdings completely seperate from its foreign operations
20. Management info. system organizes past, present, and projected information on internal operations and external intelligence using a centralized, integrated collection of data resources known as a/an a. hyperlink b. smart card c. database d. encryptor
