BUS 475 Capstone Final Examination Part 2
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<strong>BUS</strong> <strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong> <strong>Part</strong> 2<br />
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This is the latest <strong>BUS</strong>/<strong>475</strong> <strong>Capstone</strong> <strong>Final</strong> <strong>Examination</strong><br />
<strong>Part</strong> 2 (100%)<br />
1. Which of the following is not a current liability on<br />
December 31, 2014?<br />
<br />
A lawsuit judgment to be decided on January<br />
10,2015<br />
A Note Payable due December 31 2015<br />
Accrued salaries payable from 2014<br />
An Accounts Payable due January 31,2015<br />
2. You work in marketing for a company that<br />
produces work boots. Quality control has sent you<br />
a memo detailing the length of time before the<br />
boots wear out under heavy use. They find that the<br />
boots wear out in an average of 208 days, but the<br />
exact amount of time varies, following a normal
distribution with a standard deviation of 14 days.<br />
For an upcoming ad campaign, you need to know<br />
the percent of the pairs that last longer than six<br />
months-that is, 180 days. Use the empirical rule to<br />
approximate this percent.<br />
97.5%<br />
95%<br />
2.5%<br />
5%<br />
3. he fraud triangle applies to:<br />
<br />
<br />
<br />
<br />
U.S. and Canadian companies, but not other<br />
international companies.<br />
U.S companies but not international companies.<br />
U.S and international companies.<br />
international companies but not U.S. companies.
4. According to value-chain analysis, which of the<br />
following would be considered part of the general<br />
administration in a firm?<br />
<br />
<br />
<br />
<br />
information systems<br />
procurement<br />
technology development<br />
human resource management<br />
5. Which of the following can be represented by a<br />
discrete random variable?<br />
<br />
<br />
<br />
<br />
The circumference of a randomly generated circle<br />
The number of defective light bulbs in a sample of<br />
five<br />
The time of a flight between Chicago and New York<br />
The average distance achieved in a series of long<br />
jumps<br />
6. What is an advantage of the correlation coefficient<br />
over the covariance?
It falls between 0 and 1.<br />
It falls between -1 and 1.<br />
<br />
<br />
It falls between -1 and 1; and it is a unit free<br />
measure, therefore making it easier to interpret.<br />
It is a unit-free measure, therefore making it easier<br />
to interpret.<br />
7. The resource-based view (RBV) of the firm<br />
combines two perspectives:<br />
<br />
<br />
<br />
<br />
the internal analysis of the firm and the external<br />
analysis of the industry and competitive<br />
environment<br />
the primary and support activities of the firm<br />
the industry and the competitive environment<br />
the interrelationships among the primary activities<br />
of the firm and corporate management<br />
8. Sarbanes Oxley applies to:
U.S and international companies.<br />
U.S. and Canadian companies but not other<br />
international companies.<br />
U.S companies but not international companies.<br />
international companies but not U.S. companies.<br />
9. Which trial balance will consist of the greatest<br />
number of accounts?<br />
<br />
<br />
<br />
<br />
Trial balance<br />
Adjusted trial balance<br />
Balance<br />
Post-closing trial balance<br />
10. Vertical analysis is a technique that expresses<br />
each item in a financial statement:<br />
<br />
<br />
in dollars and cents.<br />
as a percent of a base amount.
as a percent of the item in the previous year.<br />
starting with the highest value down to the lowest<br />
value.<br />
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