University of Washington – ACCT 225 – Intro Managerial Accounting Midterm 2 Study Guide Below is a list of some of the things you should definitely be familiar with for Midterm 2. It is not intended to be a complete list. Rather‚ this should be used a supplement to the studying you were otherwise doing. Chapter 7 Under variable costing‚ only those manufacturing costs that vary with production quantity (output) are included as product costs. This would typically include direct materials‚ direct
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Types of Market 1. Physical asset markets (also called “tangible” or “real” asset markets) vs Financial asset markets – Physical asset markers are for products such as wheat‚ autos‚ real estate etc. Financial asset market deals with stocks‚ bonds‚ notes and mortgages. 2. Spot Market vs Future Markets – Spot markets are markets in which assets are bought or sold on the spot. Future Markets are markets in which participants agree today to buy or sell an asset at some future date. 3. Money markets
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Laura Marie PHI 104-51 MIDTERM MIDTERM EXAM INSTRUCTIONS: Please answer the following questions with a few sentences or a paragraph. 1. Define Ethics: Ethics are principles of right conduct that serve as rules for people. It is the understanding of what is right and wrong‚ and choosing to do what is right. 2. What are the 5 Steps to Making an Ethical Decision? The first step in making an Ethical decision is to recognize a moral issue. The second step
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Ethical (General) Standards Competence – adequate technical training and proficiency. Competence is knowing what to do. 1. Recognize the assertion being made by management in each element (account) of a financial statement. 2. Decide which evidence is relevant for supporting or refusing the assertion 3. Select and perform procedures of obtaining the evidence 4. Evaluate the evidence and decide whether management assertions correspond to reality and GAAP - Objectivity
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CLICK TO DOWNLOAD MAT 540 Midterm Exam 1. Deterministic techniques assume that no uncertainty exists in model parameters. 2. A continuous random variable may assume only integer values within a given interval. 3. An inspector correctly identifies defective products 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is 0.736. 4. A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and
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CLICK TO DOWNLOAD MAT 540 MIDTERM EXAM 1. Deterministic techniques assume that no uncertainty exists in model parameters. 2. A continuous random variable may assume only integer values within a given interval. 3. A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. 4. A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and branches. 5. A table of random numbers must be
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Midterm Exam Guideline! 1. What is security? 2. Define 6 threats. 3. What is user authentication? 4. Why do we use user authentication? 5. Who uses user authentication? 6. Please provide 3 different types of user authentication with examples. 7. How do we define security goals? 8. Provide 4 examples of security goals in a company. 9. For each goal list one to three controls to help achieve that goal. 10. For multiple choice questions. The question will be
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CHAPTER 1 MULTINATIONAL MANAGEMENT IN A CHANGING WORLD Learning Objectives 1. Define multinational management 2. Understand the characteristics of a multinational company 3. Understand the nature of the global economy and the key forces that drive globalization 4. Know the basic classification of the world’s economies 5. Be able to identify the characteristics of the next generation of multinational managers Introduction 6. Businesses of all sizes‚ whether from the old or new
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CLICK TO DOWNLOAD BUSN 115 Midterm Exam 1.1. (TCO 1) The amount of money a business takes in during a given time period by selling goods and/or selling services. 2.2. (TCO 1) That part of economics that studies the operations of a nation’s economy as a whole. 3.3. (TCO 1) That part of economics that studies the behavior of people and organizations in particular markets. 4.4. (TCO 2) An unethical activity in which insiders use private company information to further their own fortunes
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CLICK TO DOWNLOAD MGMT 520 MIDTERM EXAM 1. (TCO B). Infuriated when Harry Reid is re-elected during the 2010 fall election‚ the Republican National Committee decides to take matters into its own hands. In 2011‚ the House of Representatives passes a new "Freedom isn’t Free Act" that requires that anyone who wants to vote in the 2012 presidential election must prove that they paid at least $200 in federal income tax in the past year‚ including people aged 18 (who typically are deducted on their
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