BCOR201 Practice Exam I with Answers Problem 1 Multiple Choice Questions (2 Points each) 1. If assets are $99‚000 and liabilities are $32‚000‚ then equity equals: A) $ 32‚000. B) $ 99‚000. C) $ 67‚000. D) $131‚000. E) $198‚000. Answer: C Calculation: Equity = $99‚000 - $32‚000 = $67‚000 2. A debit is: A) An increase in an account. B) The right-hand side of a T-account. C) A decrease in an account. D) The left-hand side of a T-account.
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Terms Consensus ad idem – Pacta sunt servanda Usry Adhesion contract Exculpatory clause Oral contract Proper form Void contract Voidable contract Equally at fault Locus sigili Mutual agreement Legality of purpose Competent party Consideration Divisible contract Executed contract Entire/Individible contract Executory contract Express contract Implied contract Formal contract Essay questions – subject‚ verb‚ agreement Discuss and explain – rescission‚ novation‚ silent fraud doctrine –
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The AP-exams are tedious and more difficult‚ compared to high school exams. The AP exams have always been a big problem regarding my skills. It needs extensive preparation and effort for taking these exams‚ but they do offer great rewards. Taking the AP Exam in high school is gruesome‚ but requires extensive preparation for higher success. Without preparing‚ achieving a four on the AP exams is impossible. Two weeks to one month is essential to achieve a four. However‚ students struggling to
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Spring 2012 Finance 3130 1. Sample Exam 1A Questions for Review The form of organization for a business is an important issue‚ as this decision has very significant effect on the income and wealth of the firm ’s owners. a. b. True False 2. There are three primary disadvantages of a regular partnership: (1) unlimited liability‚ (2) limited life of the organization‚ and (3) difficulty of transferring ownership. These combine to make it difficult for partnerships to attract large amounts of
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EXAM 3 The favorite instruments of the nineteenth century the piano and the _____________. Student Response Value Correct Answer Feedback A. snare drum 100% B. Swinet C. violin 100% D. fiddle Score: 0.4/0.2 2. One of the most famous examples of Romantic program music is Berlioz’s __________ . Student Response Value Correct Answer Feedback A. Symphonic Fantastique 100% B. The Ring C. Symphony No. 5 D. ErlKing Score:
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EXAM 1 Question 1 1.5 out of 1.5 points Managerial accounting stresses accounting concepts and procedures that are relevant to preparing reports for Selected Answer: internal users of accounting information. Correct Answer: internal users of accounting information. Question 2 1.5 out of 1.5 points The principle that managers follow when they only investigate departures from the plan that appear to be significant is commonly known as Selected Answer: management by exception. Correct
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CPSC 365 Exam 1 Review Chapter 1 The next wave of CIOs 1. The fact that the prevalence of IT and information systems throughout the organization gives CIOs a broad view of operations through all of these except? a. Business Processes b. Inter-organizational coordination challenges and opportunity c. Understanding of firm’s positioned executive strategy d. Leading the development for implementations of Moore’s Law 2.Information systems function is increasingly staffed with people
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IE University Final Exam (December 2011) Financial Accounting -------------------------------------- QUESTION 1. (40 MINUTES) On December‚ 31st 2004‚ Luxury Shoes Company purchased new machinery to produce a new model of shoes. The acquisition cost of the machinery is $ 1‚000‚000. At this moment of the economy‚ Tax Authorities allow the company to depreciate this machinery in the way that they prefer (the company is absolutely free to decide how to depreciate this machinery). This
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Timothy Ramsey United States History Final Exam Essays 1. The way that the defeat of the Spanish Armada affected the course of history is it gave other countries a chance. What I mean by that is that the Spanish had most control of the area here in America. The other countries wanted to have colonies or some control of the area like the Dutch‚ English‚ French and the Swedes. So with the defeat it gave those countries opportunities to settle land‚ start families‚ and to be part of the resources
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Axia College Material Appendix A Midterm Exam Answer each question below. Answers should be approximately 100 words per question. 1. What are the different forms of social media that exist today? Provide examples of different social media and their primary purposes. There are many different forms of social media‚ but I will give a few examples. Magazines‚ such as People and Time‚ provide us with social news and relevant issues for society as a whole. ‘Chat’ - which can be video‚ audio
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