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NEW QUESTION 15
What information is found on the balance sheet?
- A. The profitability of the company as of a specific date
- B. The revenues and expenses incurred by an entity over a period of time
- C. A list of what is owned, what is owed and the equity of an entity
- D. The change during the reporting period in cash and cash equivalents
Answer: C
NEW QUESTION 16
An organization whose focus is on obtaining capital, marketing products or services, sales growth and cash conservation is most likely to be in what stage of the business lifecycle?
- A. Growth
- B. Mature
- C. Start-up
- D. Decline
Answer: C
NEW QUESTION 17
When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?
- A. Because you will be more informed when differences of opinion occur, lending more credibility to your position
- B. Because you can demonstrate your understanding of issues from multiple perspectives
- C. Because stakeholders with diverse opinions tend to compromise when they are aware that others know their weaknesses
- D. Because you will be able to explain the negative consequences of opposing your position
Answer: B
NEW QUESTION 18
Which of the following best describes present value?
- A. The difference between the desired value in the future and the current value as a percentage of the desired value
- B. The desired value in the future and what needs to be invested today to realize that amount
- C. The current value of holdings and how much it will grow over time at a given rate of return
- D. The current value of holdings
Answer: B
NEW QUESTION 19
What choices are most commonly faced by companies in the decline phase of the business lifecycle?
- A. Whether to reinvest in existing products, create new products or maximize profits with current products as long as possible
- B. Whether to improve productivity, obtain new operating capital or generate new sales growth
- C. Whether to increase sales, maximize distribution capacity or increase efficiency to meet growing demand
- D. Whether to acquire competitors with greater market share or merge with more successful companies
Answer: A
NEW QUESTION 20
Cash compensation is a reward intended to provide what type of motivation?
- A. Intrinsic
- B. Extrinsic
Answer: B
NEW QUESTION 21
What statement is most accurate regarding compensation communications with employees at varying levels?
- A. They tend to be fairly consistent because the elements of pay may differ, but the concerns are universal.
- B. They generally require a greater degree of detail for lower level employees who have less of an understanding of pay plan design.
- C. They usually require more detail for senior employees regarding plan details and performance and the needs from one employee group to another can vary greatly.
- D. They should be kept to a minimum for employees at all levels to maximize efficiency and efforts can be focused only on those who have questions.
Answer: C
NEW QUESTION 22
Which of the following is a type of variable pay?
- A. Piece rate
- B. Commissions
- C. Salary
- D. Hourly rate
Answer: B
NEW QUESTION 23
How do commissions typically differ from annual incentives for non-executive employees?
- A. They tend to make up the larger portion of an employee's total compensation.
- B. They are intended to align the interests of the employee with those of the organization.
- C. They are based on a predetermined performance and reward schedule.
- D. They are offered to motivate employee performance.
Answer: A
NEW QUESTION 24
What do profits, equity and debt all have in common?
- A. They are all reported on the balance sheet.
- B. They all incur the same costs to the business.
- C. Nothing. Each of these is a different financial metric.
- D. They are all sources of capital.
Answer: D
NEW QUESTION 25
Which of the following best describes the guiding principles and/or beliefs shared by stakeholders in an organization?
- A. Vision
- B. Strategy
- C. Values
- D. Mission
Answer: C
NEW QUESTION 26
What best describes a use of strategic analysis?
- A. Understanding your business and its competitive strengths and weaknesses
- B. Forecasting profit, growth and investment performance to develop realistic budgets
- C. Evaluating prior year performance for the narrative portion of annual financial reports
- D. Pricing your products appropriately
Answer: A
NEW QUESTION 27
Which of the following is a type of variable pay?
- A. Piece rate
- B. Bonuses
- C. Hourly pay
- D. Pay for time not worked
Answer: B
NEW QUESTION 28
What best describes what forecasting helps the organization to do?
- A. Prepare quarterly and annual reports and their associated statements
- B. Anticipate future capital needs by determining when the organization will enter the next phase of the business lifecycle
- C. Recognize possible issues and concerns that will drive budget planning
- D. Withhold payroll taxes for all elements of compensation
Answer: C
NEW QUESTION 29
Internal process metrics are most useful in which of the following situations?
- A. Evaluating customer perceptions of products or services
- B. Measuring the financial success of the business
- C. Determining employee satisfaction levels
- D. Assessing how well the business is running
Answer: D
NEW QUESTION 30
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