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F. Naz
F. Naz, Chartered Accountant
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Customer Question

Submitted: 1 year ago.
Category: Homework
Customer: replied 1 year ago.
I need the answers for this Penn Foster exam 500436RR.
Expert:  F. Naz replied 1 year ago.


Please provide details.

Customer: replied 1 year ago.
1. Student Betty says that physical distribution includes both transportation and storage. Student Bob says that exchange includes both buying and selling. Which student is correct?
A. Neither
B. Bob only
C. Both
D. Betty only
2. Team diversity is often established in a ________ team, by bringing together the expertise of members from various functions in the organization.
A. working
B. cross-functional
C. problem-solving
D. self-managed
3. _______ ratios measure the degree to which a firm relies on borrowed funds in its operations.
A. Retail earning
B. Leverage (debt)
C. Wholesale earning
D. Earnings per share
4. The salesperson's task of identifying potential customers is known as
A. demonstration.
B. follow-up.
C. prospecting.
D. selection.
5. Mario is part of a strategic planning team. He has identified that his company is the low-cost producer in its industry. This should be listed on a SWOT analysis as a/an
A. threat.
B. weaknesses.
C. strength.
D. opportunity.
6. Forbes, Fortune, and similar types of magazines often contain ads for Rolex watches, BMW automobiles, and other luxury items. Advertisers are trying to reach a market segment based on
A. income.
B. age.
C. location.
D. gender.
7. If you seek to determine the value of one nation's currency relative to the currencies of other countries, you should isolate the nation's
A. governmental surplus.
B. exchange rate.
C. countertrading activity.
D. international current module.
8. One way for a country to obtain an absolute advantage in marketing a product outside its borders is to
A. enter into an orderly marketing agreement.
B. adopt many trade restrictions.
C. produce the good at the lowest cost.
D. revalue the currency.
9. Which of the following is not a method of retail competition?
A. Travel
B. Location
C. Price
D. Service
10. If you want to turn self-directed gain into social and economic benefits for all, you should use a/an _______ strategy.
A. charitable aid society
B. invisible hand
C. government
D. visible hand
11. Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart began moving trucks and supplies into position, as specified in the company's ________ plan.
A. contingency
B. operational
C. tactical
D. strategic
12. According to the doctrine of supply, the amount _______ will increase as the _______ increases.
A. sold; demand
B. demanded; cheapness
C. supplied; price
D. bought; cost
13. _______ planning involves choosing specific work targets and assigning employees and teams to carry out plans.
A. Strategic
B. Contingency
C. Tactical
D. Operational
14. All of the following are assets except
A. cash.
B. patents.
C. inventory.
D. bank loans.
15. Price auctions on eBay are an example of
A. communication.
B. e-business.
C. entertainment.
D. information.
16. In which stage of the product life cycle do sales reach a saturation level, making further sales expansion difficult?
A. Growth stage
B. Decline stage
C. Introductory stage
D. Maturity stage
17. The Social Club is conducting a breakeven analysis to determine how many tickets it must sell at $15 each to break even on the Holiday Dance. Fixed costs are $2,000, and the variable cost per person is $10. To break even, the Social Club must sell ________ tickets.
A. 800
B. 400
C. 500
D. 80
18. Joe is developing the marketing mix for his company's new line of power tools. A brand name, price, and distribution system have been decided. Now Joe is concentrating his efforts on developing the best advertising plan for the product line. The advertising plan is part of Joe's ________ strategy.
A. product
B. production
C. pricing
D. promotional
19. Omar, an electrician for Quality Builders, is paid $35 for each hour he works during the day. After 5 p.m. and on weekends, he is paid the overtime rate of one and one-half times the regular hourly rate. Omar is paid a
A. salary.
B. wage.
C. commission.
D. bonus.
20. Television is an attractive advertising medium because it
A. offers a rapidly growing network audience.
B. offers mass coverage and flexibility.
C. provides instant feedback which can be used to measure effectiveness.
D. is relatively inexpensive.
21. What prompted Congress to enact the Sarbanes-Oxley Act in 2002?
A. Congress wanted to make accounting practices more efficient.
B. Major companies requested government regulation following negative publicity.
C. A series of improper financial disclosures were found during investigations.
D. Stockholders petitioned for increased access to financial records.
22. The country Artesia exported products totaling $86 billion last year. During the year, Artesia imported products valued at $43 billion. Artesia has a/an
A. exchange rate of 2 to 1.
B. trade deficit of $43 billion.
C. unfavorable balance of payments.
D. trade surplus of $43 billion.
23. If a firm has a current ratio of 2.00, it means that for every $2 in ________ it has $1 in
A. total assets; current liabilities.
B. total assets; total liabilities.
C. curren
Customer: replied 1 year ago.
23. If a firm has a current ratio of 2.00, it means that for every $2 in ________ it has $1 in
A. total assets; current liabilities.
B. total assets; total liabilities.
C. current assets; current liabilities.
D. current assets; total liabilities.
24. Ida works on creating ways to ensure that customers receive goods at the right time and correct location. Ida is involved in her firm's ________ strategy.
A. promotion
B. transportation
C. product
D. pricing
25. The North American Free Trade Agreement (NAFTA) can be expected to
A. increase the number of low-wage jobs in the U.S.
B. result in political unification of the member countries.
C. increase trade restrictions among the member nations.
D. vastly increase trade among the member nations.
26. Efficiency means producing _______ using the least amount of
A. capital; natural items.
B. goods; resources.
C. human resources; time.
D. entrepreneurship; people.
27. Pham is employed as a human resource manager. His responsibilities might include all of the following activities except
A. administering compensation plans.
B. developing employee training programs.
C. administering employee benefit programs.
D. projecting sales for the coming six-month period.
28. The method of determining the minimum sales volume needed at a certain price level to cover all costs is
A. equilibrium pricing.
B. breakeven analysis.
C. return on sales.
D. market share analysis.
29. Student A says that customer satisfaction is a mark of a world-class business. Student B says that proactive ethics is a mark of a world-class business. Which student is correct?
A. Both
B. Student B only
C. Student A only
D. Neither
30. What is the name for a complex form of bartering in which several countries may be involved, each trading goods for goods or services for services?
A. Countertopping
B. Countertrading
C. Exchange activity
D. Currency fluctuations
31. Suppose you want to price goods and services at price points that make the product appear less expensive than it is. Which strategy should you use?
A. Skimming
B. Psychological
End of exam
C. Penetration
D. Competitive
32. In the U.S. economy, ________ are considered the reward for the risk of entering business.
A. revenues
B. profits
C. liabilities
D. sales
33. A company includes an "instant coupon" as part of a product's package, giving the buyer a reduction off the retail price. What is the company attempting to do?
A. Accentuate product value
B. Provide information
C. Stabilize sales
D. Increase sales
34. The Fair Labor Standards Act
A. established the federal minimum wage.
B. legalized collective bargaining.
C. outlawed secondary boycotts.
D. outlawed union shops.
35. The curve that shows the relationship between different prices and the quantity requested a
Expert:  F. Naz replied 1 year ago.

Please mention the deadline, thanks.

Customer: replied 1 year ago.
No later than tomorrow afternoon 1400.
Expert:  F. Naz replied 1 year ago.

How many hours remaining from now?

Customer: replied 1 year ago.
16 hours..
Expert:  F. Naz replied 1 year ago.

I can provide the answer in next 18 to 24 hours, is that okay?

Customer: replied 1 year ago.
18 hours is fine.
Expert:  F. Naz replied 1 year ago.

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