Exam II BA 301 Spring 2003 S.K. Norman Version 1 Select the best answer. 3 Points each. 1. In the 1980’s‚ Xerox studied the distribution system of L.L. Bean. Xerox compared the performance of it’s distribution system with L.L. Bean’s and used what it learned to improve its operations. This process is called a. employee empowerment b. benchmarking c. copycatting d. industrial espionage 2. You are auditing
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If a patient is tested positive‚ what is the probability that he actually is infected? (A) 0.93 (B) 0.83 (C) 0.063 (D) 0.0587 4. A study shows that employees that begin their work day at 9:00 a.m. vary their times of arrival uniformly from 8:40 a.m. to 9:30 a.m. The probability that a randomly chosen employee reports to work between 9:00 and 9:10 is: (A) 40% (B) 20% (C)10%
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Riordan Manufacturing HR System Update The implementation phase of the Riordan system update will be more expensive and time-consuming because of having so many employees involved in the project and there is still a lot of work to be done. Developers create the documentation and tools the customer uses to make informed decisions about how to deploy the software securely (Microsoft 2012). The code for the design specifications is involved in the implementation phase before any testing can take
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ECO561 Week 3 …FREE…Quiz with Answers… ** I see a lot of views ‚ but no comments : ( Roguephoenix FaceB**K PLEASE COMMENT TO LET ME KNOW THAT THIS IS HELPING MY FELLOW PHOENIX. 1. A purely- or perfectly-competitive firm would be characterized by which of the following? Hint : The different types of firms include pure competition‚ pure monopoly‚ monopolistic competition‚ and oligopoly. A. Large number of firms‚ price taker‚ free entry and exit‚ and standardized product
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business expense‚ so he will be taxed on this amount. 1 Issue (c): What is your determination regarding reducing the taxable amount of income for both (a) and (b) above? In order for John to reduce the taxable amount of his income of $300‚000‚ he must maximize his deductions as business expenses. Business expenses are the cost of carrying on a trade or business. Expenses are usually deductible if the business is operated to make a profit. The tax code Section 162- Trade or business expenses
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at the end of this year (i.e.‚ D (1) = $1.50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock‚ r(s)‚ is 15%. What is the value per share of Boehm’s stock? 1.50 / (0.15 – 0.07) = $18.75 7-4 Preferred Stock Valuation Nick’s Enchiladas Incorporated has preferred stock outstanding that pays a dividend of $5 at the end of each year. The preferred sells for $50 a share. What is the stock’s required rate of return? $5 / $50 = 10% 7-5 Non-constant
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MTT (Set 5 with answer) 1) The following is selected information from the records of Ray‚ Inc.: Purchases of raw materials $ 6‚000 Raw materials‚ beginning 500 Raw materials‚ ending 800 Work-in-process‚ beginning 0 Work-in-process‚ ending 0 Cost of goods sold 12‚000 Finished goods‚ beginning 1‚200 Finished goods‚ ending 1‚400 What is the total amount of conversion costs? a. $5‚500 b. $5‚900 c. $6‚100 d. $6‚500 ANSWER: Choice "d" is correct. Conversion costs (labor and overhead)
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Questions 1‚ 2‚ 3‚ and 4 on page 249. 1. What is the difference between supply chain management and demand management? Supply chain management is concerned with the design and management of value-added process that not only cut across organizational boundaries but must be tightly integrated to allow information and materials to flow and be deployed within and across them. Demand management refers to decisions that are taken to affect the quantities demanded of one or more product that are served
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2 1 3 4 2 5 6 3 7 8 4 9 10 5 11 12 6 13 1 7 Shelley saw a wounded dog He brought it home He loved .the dog 26 The dog too __________________ 27 ________________ to trace the owner 28 One day ‚ a lady ------------------------------ 29 The dog’s real name ______________ 30 2 The dog had to be given back‚ as 3 8 4 5 9 Savings10% Food 30% Rent 30% Entertainment 5% Education 20%
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Instructions for Problem Set #4 1. a) (Sale Price) – (Purchase Price) = Profit earned on each share b) Profit earned on each share * number of shares purchased = Total amount of profit 2. a) Step 1: (End of year price – beginning year price) = Loss Step 2: (Loss + annual income of $100) = Dollar Amount of Return Step 3: Dollar Amount of Return / Beginning year price = % return b) Hint: it should be a negative number
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