Question 1

Which of the following summarizes a company's financial position at a specific point in time (e.g.,a specific quarter or year)?

Accepted Answer

A)  statement of cash flows 
B)  income statement 
C)  balance sheet 
D)  investment income statement 
A)  statement of cash flows 
B)  income statement 
C)  balance sheet 
D)  investment income statement

Question 2

The statement of cash flows shows the cash flowing into and out of a company.

Accepted Answer

A) True 
 B)False

Question 3

A SWOT analysis is used to analyze which of the following about a company?

Accepted Answer

A)  competitive position 
B)  internal controls 
C)  management structure 
D)  budgetary position 
A)  competitive position 
B)  internal controls 
C)  management structure 
D)  budgetary position

Question 4

What is a sustainable competitive advantage?

Accepted Answer

A competitive advantage that a

Question 5

Small business owner Barry Shain has always paid all of his current bills on time.However,this year he has more bills coming due than normal.Which type of ratio would help him evaluate whether he is likely to have enough cash to continue meeting his obligations over the next year?

Accepted Answer

A)  liquidity ratio 
B)  managerial ratio 
C)  leverage ratio 
D)  profitability ratio 
A)  liquidity ratio 
B)  managerial ratio 
C)  leverage ratio 
D)  profitability ratio

Question 6

George has just graduated from college and has got his first full-time job.He needs a car to drive to his new job as it is not accessible by public transit.He still has student debt so he doesn't have a lot of money to spend,but wants something that is reliable.What is it that George is looking for in his purchase?

Accepted Answer

A)  a deal 
B)  a bargain 
C)  value 
D)  quality 
A)  a deal 
B)  a bargain 
C)  value 
D)  quality

Question 7

Pro forma statements are idealized financial statements that show the company's average financial performance over the past 10 years.

Accepted Answer

A) True 
 B)False

Question 8

As part of the financial planning process,planners would create projected financial statements,also known as which of the following statements?

Accepted Answer

A)  pro forma 
B)  per capita 
C)  empirical 
D)  prescriptive 
A)  pro forma 
B)  per capita 
C)  empirical 
D)  prescriptive

Question 9

What is the ultimate indicator that a company has met and exceeded customer needs?

Accepted Answer

A)  new customers 
B)  customer satisfaction rates 
C)  minimal loss of customers 
D)  customer loyalty 
A)  new customers 
B)  customer satisfaction rates 
C)  minimal loss of customers 
D)  customer loyalty

Question 10

The three most critical stakeholder groups of a corporation are which of the following?

Accepted Answer

A)  shareholders, employees, customers 
B)  customers, investors, employees 
C)  employees, politicians, customers 
D)  employees, customers, competitors 
A)  shareholders, employees, customers 
B)  customers, investors, employees 
C)  employees, politicians, customers 
D)  employees, customers, competitors

Question 11

The three most critical and obvious stakeholder groups are the owners of the business (or shareholders in the case of a corporation),the employees of the business (and their union if represented by one),and the customers.

Accepted Answer

A) True 
 B)False

Question 12

Which item would be listed first on an income statement?

Accepted Answer

A)  revenue 
B)  cost of goods sold 
C)  net operating income 
D)  retained earnings 
A)  revenue 
B)  cost of goods sold 
C)  net operating income 
D)  retained earnings

Question 13

A distinctive competence is a unique core competence,something that a company can do better than the competition.

Accepted Answer

A) True 
 B)False

Question 14

AlumiPlate's SWOT analysis revealed that potential competitors would find it difficult to begin operations in this specialized metal-coating industry.Using the terminology of SWOT,this is an example of which of the following?

Accepted Answer

A)  strength 
B)  economy of scale 
C)  opportunity 
D)  threat 
A)  strength 
B)  economy of scale 
C)  opportunity 
D)  threat

Question 15

In a SWOT analysis the strengths and weaknesses come from the internal environment (e.g.,financial,operations,marketing,and human resources).

Accepted Answer

A) True 
 B)False

Question 16

Which of the following global business issues are important to Canadians?

Accepted Answer

A)  fair trade 
B)  environment 
C)  global warming 
D)  workers' rights 
A)  fair trade 
B)  environment 
C)  global warming 
D)  workers' rights

Question 17

Dayna is working for MNP Company.This is her first job out of college.She has been there for three years and despite doing outstanding work she has yet to get a promotion.There is a relatively new software company that is doing extremely well and is hiring.She has gathered information from databases and asked people in the industry about it.What should she specifically look at?

Accepted Answer

A)  the profitability of the company for the last three years 
B)  their human resource policies 
C)  the potential for advancement 
D)  the benefit package 
A)  the profitability of the company for the last three years 
B)  their human resource policies 
C)  the potential for advancement 
D)  the benefit package

Question 18

Which of the following defines the organization's purpose,values,and core goals,providing the framework for all other plans?

Accepted Answer

A)  mission statement 
B)  position statement 
C)  strategic plan 
D)  tactical plan 
A)  mission statement 
B)  position statement 
C)  strategic plan 
D)  tactical plan

Question 19

What does SWOT stand for?

Accepted Answer

Strengths,

Question 20

The key numbers that financial managers use to calculate ratios usually come from which of the following financial statements of a company?

Accepted Answer

A)  prospectus and operating budget 
B)  statement of cash flows 
C)  balance sheet and income statement 
D)  pro forma statements 
A)  prospectus and operating budget 
B)  statement of cash flows 
C)  balance sheet and income statement 
D)  pro forma statements

Which of the following summarizes a company's financial position at a specific point in time (e.g.,a specific quarter or year)?

The statement of cash flows shows the cash flowing into and out of a company.

A SWOT analysis is used to analyze which of the following about a company?

What is a sustainable competitive advantage?

Small business owner Barry Shain has always paid all of his current bills on time.However,this year he has more bills coming due than normal.Which type of ratio would help him evaluate whether he is likely to have enough cash to continue meeting his obligations over the next year?

Pro forma statements are idealized financial statements that show the company's average financial performance over the past 10 years.

As part of the financial planning process,planners would create projected financial statements,also known as which of the following statements?

What is the ultimate indicator that a company has met and exceeded customer needs?

The three most critical stakeholder groups of a corporation are which of the following?

The three most critical and obvious stakeholder groups are the owners of the business (or shareholders in the case of a corporation),the employees of the business (and their union if represented by one),and the customers.

Which item would be listed first on an income statement?

A distinctive competence is a unique core competence,something that a company can do better than the competition.

AlumiPlate's SWOT analysis revealed that potential competitors would find it difficult to begin operations in this specialized metal-coating industry.Using the terminology of SWOT,this is an example of which of the following?

In a SWOT analysis the strengths and weaknesses come from the internal environment (e.g.,financial,operations,marketing,and human resources).

Which of the following global business issues are important to Canadians?

Which of the following defines the organization's purpose,values,and core goals,providing the framework for all other plans?

What does SWOT stand for?

The key numbers that financial managers use to calculate ratios usually come from which of the following financial statements of a company?

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

Filters

Exam 7: Analyzing the Business

Which of the following summarizes a company's financial position at a specific point in time (e.g.,a specific quarter or year)?

The statement of cash flows shows the cash flowing into and out of a company.

A SWOT analysis is used to analyze which of the following about a company?

What is a sustainable competitive advantage?

Small business owner Barry Shain has always paid all of his current bills on time.However,this year he has more bills coming due than normal.Which type of ratio would help him evaluate whether he is likely to have enough cash to continue meeting his obligations over the next year?

Pro forma statements are idealized financial statements that show the company's average financial performance over the past 10 years.

As part of the financial planning process,planners would create projected financial statements,also known as which of the following statements?

What is the ultimate indicator that a company has met and exceeded customer needs?

The three most critical stakeholder groups of a corporation are which of the following?

The three most critical and obvious stakeholder groups are the owners of the business (or shareholders in the case of a corporation),the employees of the business (and their union if represented by one),and the customers.

Which item would be listed first on an income statement?

A distinctive competence is a unique core competence,something that a company can do better than the competition.

AlumiPlate's SWOT analysis revealed that potential competitors would find it difficult to begin operations in this specialized metal-coating industry.Using the terminology of SWOT,this is an example of which of the following?

In a SWOT analysis the strengths and weaknesses come from the internal environment (e.g.,financial,operations,marketing,and human resources).

Which of the following global business issues are important to Canadians?

Which of the following defines the organization's purpose,values,and core goals,providing the framework for all other plans?

What does SWOT stand for?

The key numbers that financial managers use to calculate ratios usually come from which of the following financial statements of a company?

Politics Governments’ Roles

Economics Evolving Systems

Social Society, Corporate Responsibility, and Making Ethical Decisions

Technology Managing Information for Business Success

International The Global Marketplace

Entrepreneurship and Small Business

Forms of Business Ownership

Management and Leadership in Today’s Organizations

Designing Organizational Structures

Motivating Employees

Managing Human Resources and Labour Relations

Marketing The Customer Focus

Creating Marketing Strategies

Achieving World-Class Operations Management

Accounting for Financial Success

Understanding Money and the Canadian Financial System

Finance Maximizing the Value

Filters