Salem State University ACC202 – Managerial Accounting – Practice Test Chapters 14‚ 1‚ 2 Professor Paul F McGee‚ CPA Name___________________________________________ Please indicate the best/correct answer by circling the appropriate letter. 1. Managerial accounting helps managers perform three vital activities. These activities include all of the following except: a. Planning b. Controlling c. Decision making d. Hiring Controllers 2. The act that was intended to protect the interests
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Points Awarded 79.00 Points Missed 21.00 Percentage 79.0% 1. Why is Woodrow Wilson described as the father of Public Administration in the US? He was the first to formerly recognize public administration through his article named The study of Administration. Teacher Response: Yes; true‚ but a little brief and might have had more details. Points Earned: 23.0/25.0 2. Why is Max Weber’s characterization of bureaucracy considered the essential building block for understanding
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A: so‚ tell me about you new house. How is it different to your old one? B: well‚ first of all‚ it’s much bigger. It has the same number of rooms‚ but each room is larger. We also have a larger garden‚ which our dog loves‚ of course! A: so‚ it’s a three-bedrooms detached house? B: yes. One bedroom is for my wife and i. there’s another for our daughter. My wife wants to use the third one as a guest room‚ but I’d like to make it into a study. Our daughter is also keen on making it a study‚ so that’s
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Chapter 6 Notes o Cost Of Merchandise Sold- revenue is reported as sales‚ cost is reported as merchandise sold o Sales- Cost of Merchandise Sold = gross Profit o Gross profit-operating expenses = net income o Merchandise. Inventory- merchandise on hand (not sold) at the end of the accounting period o Multi-step income statement- contains several sections‚ subsections‚ subtotals o Sales-total amount charged customers for merchandise sold – (cash sales‚ and sales on
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E18-1: Identifying Reversing or Permanent Difference and Showing Effects Instructions: a) Match each item on the following list to the number below that best describes it. i. Reversing Entry that results in future deductible amounts and‚ therefore will usually give rise to a future income tax asset. ii. Reversing Entry that results in future taxable amounts and‚ therefore will usually give rise to a future income tax liability. iii. A permanent Difference b) Indicate
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Individual Case Analysis The Parable of the Sadhu Pg. 52-58 Due Date: 24th March 2013 Questions for Discussion 1. Did McCoy do anything wrong? If so‚ what and why? 2. What can we say in McCoy’s defense? How might you construct a defense of his actions and argue he either did the right thing or at least nothing bad? 3. If the Sadhu had been a child‚ or a beautiful Western woman‚ do you think McCoy would have gone to the top or stopped and helped? Why or why not? Should that
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• Question 1 0 out of 0.5 points A written plan for how to handle major disasters or outages and recover mission-critical systems‚ applications‚ and data is the definition of: Selected Answer: Business Continuity Plan (BCP) Correct Answer: Disaster Recovery Plan (DRP) • Question 2 0.5 out of 0.5 points What name is given to a software review that identifies bugs or errors in software? Selected Answer: Vulnerability assessment Correct Answer: Vulnerability
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Finance Complete Test Bank by Eiteman Multinational Business Finance‚ 13e (Eiteman/Stonehill/Moffett) Chapter 1 Current Multinational Challenges and the Global Economy 1.1 Financial Globalization and Risk True/False 1) BRICs is a term used in international finance to represent assets that are considered to be inexpensive and sturdy‚ but fundamentally unsound and and incapable of coping with the upheavals now apparent in international financial markets. Answer: FALSE Diff: 1 Topic: 1.1 Financial
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Question Bank MODULE - 1 1. Explain the following terms: (DEC‚ 2010) 1. Direct Cost 2. Indirect Cost 3. Cost Object 4. Cost Driver 5. Cost Allocation 6. Cost Sheet 7. Semi variable cost 2. Write a detailed note on Target Costing. (DEC‚ 2010) 3. Write a note on methods of absorption of overheads. (DEC‚ 2010) 4. Write a note on classification of overheads. (DEC‚ 2010) 5. Write short notes on the following: i. Product Costs ii. Period costs iii. Out of pocket cost
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of data types and measurement scales for statistical analysis. Reading Assignments Textbook – Chapters 1.1‚ 1.2‚ 1.3‚ 1.4‚ 1.5‚ 1.6 and 1.7. Dr. Raphael Djabatey 2 1 DATA TYPES DATA Type Measurement Categorical (Qualitative) Nominal Numerical (Quantitative) Ordinal Discrete Interval Continuous Ratio Dr. Raphael Djabatey 3 DATA TYPES 1 Quantitative Data (or Numerical Data) Quantitative Data refers to information that are written
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