...Final Exam Practice 1. Agency costs can be thought of as the loss in the value of a firm resulting from the following actions by managers: I) reduced effort, II) perks or private benefits, III) empire building, IV) entrenching investments, V) avoiding risks. a. I, II, III, IV and V only 2. One key assumption of the Miller and Modigliani (MM) dividend irrelevance is that: b. Capital markets are efficient 3. Analysis of past monthly movements in Wal-Mart’s stock price has produced the following estimates: a = -0.45% and b= 0.5. If the market index subsequently rises by 5% one month and WAl-Mart’s stock price rises by 3%, what is the abnormal change in Wal-Mart’s stock price? c. +0.95% expected change: (-0.45 + 0.05(5) )= 2.05; abnormal return = 3-2.05 = +0.95% 4. Two corporations A and B have exactly the same risk and both have a current stock price of $100. Corporation A pays no dividend and will have a price of $120 one year from now. Corporation B pays dividends and will have price of $113 one year from now after paying the dividend. The corporations pay no taxes and investors pay no taxes on capital gains by pay a tax of 30% income tax on dividends. What is the value of the dividend that investors expect corporation B to pay one year from today? d. $10 dividend = (120 – 113)/0.7 = $10 5. An option that can be exercised any time before expiration date is called: e. An American option 6. The write (seller) of a...
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...1) A business should be managed ethically to maintain a good reputation. A. True B. False 2) A business should be managed ethically to reduce employee turnover. A. True B. False 3) A business should be managed ethically to do the right thing for all stakeholders. A. True B. False 4) The sole purpose of accounting is to help managers evaluate the financial condition of the firm so that they may make better decisions. A. True B. False 5) Investors trading online: A. buy and sell securities without using a brokerage firm. B. generally avoided the market downturn of the early 2000s. C. receive more advice than offered by traditional stockbrokers. D. do their own research and make their own investment decisions. 6) Accountants do most of the work involved in recording financial events and transactions, but the actual classifying and interpreting of this data is left to financial managers. A. True B. False 7) The purpose of the SEC's circuit breakers rule is to: A. B) halt trading for a short time following a dramatic drop in stock prices. B. D) prevent individuals from profiting from information not available to the general public. C. A) prevent market disruption caused by a communication malfunction. D. C) allow floor traders to specialize in trading the securities of specific industries. 8) An effective channel of distribution...
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...Exam series | Sect A Plate Tec(7 marks) | Sect APlate tec(8 marks) | Sect A Plate tec(10 marks) | | Sect CPlate tec essay (40 marks) | June 2010 | Study fig 1 a photo …recent earthquake. Using fig 1 only, comment on the evidence that suggest that an earthquake has recently taken place | Describe how seismic waves and earthquakes can be measured | With reference to two seismic events you have studied from contrasting areas of the world, compare the ways in which earthquakes and their impacts have been managed | | “The hazards presented by volcanic and seismic events have the greatest impact on the world’s poorest people” To what extent do you agree with this view? | Jan 2011 | Study fig 1, a map showing tectonic features in the Philippines. Comment on the degree to which the area of the Philippines might be subject to tectonic hazards | Outline the formation of hot spots and explain their relationship to plate movement | With reference to 2 volcanic events that you have studied from contrasting areas of the world, compare the nature of the volcanic hazard and its impact | | “Volcanic and seismic events are major pieces of evidence towards proving that plate tectonics theory is valid”. Discuss the extent to which you agree with this statement. | June 2011 | Study fig 1 which is an image of the sea bed of the N Atlantic Ocean … Comment on the extent to which the features shown support the theory of plate tectonics. | Describe the characteristics of, and explain the formation...
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...4. Compare and contrast gram-positive and gram-negative cell walls with regard to (a) sensitivity to antimicrobial agents, (b) resistance to phagocytosis, (c) chemical composition, and (d) decolorization by alcohol. Gram-positive bacteria differ from gram-negative bacteria in the structure of their cell walls. The cell walls of gram-positive bacteria are made up of twenty times as much murein or peptidoglycan than gram-negative bacteria. These complex polymers of sugars and amino acids cross-link and layer the cell wall. The thick outer matrix of peptidoglycan, teichoic acid, polysaccharides, and other proteins serve a number of purposes, including membrane transport regulation, cell expansion, and shape formation. Almost all bacteria can be classified as gram-positive or gram-negative. The classification relies on the positive or negative results from Gram’s staining method, which uses complex purple dye and iodine. Because gram-positive bacteria have more layers of peptidoglycan in their cell walls than gram-negative, they can retain the dye. Both gram-positive and gram-negative bacteria have a cell wall made up of peptidoglycan and a phospholipid bilayer with membrane-spanning proteins. However, gram-negative bacteria have a unique outer membrane, a thinner layer of peptidoglycan, and a periplasmic space between the cell wall and the membrane. In the outer membrane, gram-negative bacteria have lipopolysaccharides (LPS), porin channels, and Murein lipoprotein all of which gram-positive...
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...Marketing Exam Questions Student’s name Institutional affiliations 1. A company that choses to use the value approach will focus more on delivering value to the customer whereas one that uses the 4ps will focus more on the product. For the two companies steps will almost be the same only that the one using the value approach offering more. For instance the value approach goes beyond availing the product but ensures the customer understand the product and gets the most of the product. The 4Ps approach promotes and advertises the product, while the value approach goes beyond that and offers – the value, product plus service, benefit, and enjoyment that can be received with the product. 2. Just like the four Ps this start with the creation of product that has value and then communicate/promote the offering by describing it and gather consumer opinion. Delivering is similar to place whereby you now take the created product to the consumer for them to purchase. Exchanging is when you now trade value for the product or what the 4Ps calla price. 3. a) Marketing creates goods and services that a company can offer to its consumers at a price. The price, the goods and the services constitute the company’s offering b) Marketers educate potential consumers about the value of what they are offering as well as gathering their opinion on whether they want the offering. c) Marketing cannot just promise value it should be able to get the product to into the hands of the consumer...
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...BLAW 2210 Term Paper Career Preparation My top two career choices are corporate financial analysis in investment banking and actuary. I will be discussing the legal environment of my career choices, taxing authorities, entity structure, graduate school in order to obtain certain license, self-assessment of my chosen careers. First, I will discuss how I can work as a corporate financial analysis in investment banking. After that, I will talk about what I need prepare to be an actuary. 1.corporate financial planning and analysis The responsibility of a corporate financial planing and analysis is to support management planning and decision making by identifying, maintaining, and evaluating information,as well as recommending actions. * Legal environment * Entity structure Investment banking is concerned with the primary function of assisting the capital market in its function of capital market intermediation, i.e. the movement of financial resources from those who have them means investors, to those who need to make use of them means issuer for generating profit. Therefore, it can be inferred that investment banks are those institutions that are the counterparts of banks in the capital market in the function of intermediation in resources allocation. Investment banks carried on carious activities it helps companies and governments and their agencies to raise money by issuing and selling securities in the primary market. They assist public and private corporations...
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...a) Upbringing refers to the way a child is raised in terms of religion and moral values, which is effected by factors within their family (primarily their parents), environmental and social factors, and the dominant views in their culture. This will determine your behaviour as an adult. We research upbringing so that if an individual is at high risk of developing criminal behaviour due to his upbringing, the risks can be easily reduced by changing the way an individual is brought up. Upbringing suggests that criminal behaviour can be learnt from others, i.e. if a child observes criminal behaviour he is at high risk of committing a crime. There are three ways through which an individual learns from others: classical conditioning, operant conditioning and the social learning theory. Social learning theory is the idea that we learn indirectly, through others – normally role models (such as criminal family members, criminal peers etc.). In Akers et al study on social learning and deviant behaviour, data on adolescent drinking and drug-taking behaviour was collected by a survey. A large sample of teenagers was surveyed, with a small sub-group interviewed to check the validity of the data. Quantitative data was collected by asking about the frequency of their alcohol and drug consumption on a scale of 1 (never) to 6 (nearly everyday) and qualitative data was collected by asking about their alcohol or drug related experience, why they were involved in alcohol and drug consumption,...
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...(c) A retailer bought 40 toys at €2475 each. He sold 10 of the toys at €3388 each and sold the remaining 30 toys at a reduced price. His total sales amounted to €1270. (i) Write his total profit on the transaction as a percentage of his cost. Give your answer correct to one decimal place. (ii) Find the reduced selling price of each of the remaining 30 toys. (c) The speedometer in a car is faulty. When the car is actually travelling at 57 km/h, the speedometer reads 60 km/h. (i) Calculate the percentage error, correct to one decimal place. (ii) If the percentage error is the same at all speeds, at what speed is the car actually travelling when the speedometer reads 110 km/h? Give your answer correct to one decimal place. (iii) The driver is not aware of the fault. He calculates that if he travels at an average speed of 80 km/h as shown on the speedometer, he will reach his destination in four hours. How long, correct to the nearest minute, will it actually take him to reach his destination? (c) A retailer buys an item for €73. She wants to apply a mark-up of 40% of the cost price of the item. She must then add VAT at 21% to this amount to find the price that she would need to charge the customer. (i) Find this price, correct to the nearest cent. The retailer adjusts the price charged to the customer so that it is 1 cent less than a multiple of €10, while keeping the mark-up as close as possible to 40%. (ii) Using this adjusted price, calculate...
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...University 01/2010 – Present Director Assistant, Canadian Chamber of Commerce in Shanghai 06/2009 – 08/2009 • Designed 2010 Expo Guide for Canadians in Shanghai. • Coordinated events on Canada’s Day and assisted Administrative Director with related projects • Located and entered data into several databases; made phone calls, and ensured timely mail processing. • Assisted administrative team members with clerical function. Dining Service Associate, University of Minnesota – Twin Cities 09/2009 – 12/2009 • Maintained inventory of standard dining service supplies and assists manager coordinate attendants. Member, Actuarial Club in University of Minnesota – Twin Cities 01/2009 – 12/2009 • Arranged the preparation of Casualty Actuarial Society (CAS) exam Volunteer, Students Today Leaders Forever 03/2009 – 12/2009 • Assisted the donation of food to Minnesotans at risk of hunger. Volunteer, in school for the Mute and the Deaf in Zhoushan, Zhejiang Province 2006 – 2009 • Taught disabled students Mandarin. Policy-analyst, Model United Nation in Shanghai K.J. Senior High School 2006 – 2008 • Analyzed UN policies for Model UN conferences HONORS/ AWARDS Honor Program, Awarded by Associate Dean of University of Minnesota – Twin Cities Global Excellent Scholarship, Awarded by University of Minnesota – Twin Cities Dean's List, Awarded by University of Minnesota – Twin Cities st th 1 prize, World 20 Odyssey of Mind Competition in China Area 09/2008 – 12/2009 09/2008 – 12/2009 Fall 2008, Fall 2009...
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...Intellectual Property Issues and E-Business Sample Test Questions for Final Exam Multiple Choice or True-False Listed below are several questions that are representative of the type of questions on the final exam. Please note that you must make only one selection for each question; further, there is just one answer for each question. 1. One-click mechanisms and shipment tracking are associated with which phase of the Customer Service Life Cycle? a. b. c. d. e. Retirement Acquisition Ownership Requirements Management b ANSWER: 2. Business methods are associated best with which form of intellectual property? a. Copyright b. Trademark c. Trade Secret d. Patent ANSWER: d 3. E-business today does not present any unusual problems associated with jurisdiction. a. ANSWER: True b b. False 4. Which statement below is correct? a. b. c. d. The EU encourages business method patents The US discourages business method patents Business method patents are not found in the US today Business method patents are found in the EU today d ANSWER: Fill In The Blank Each statement has a blank space associated with the question. You are to select the correct response from the list of responses provided to answer each statement. Write the number associated with your response in the space next to the statement. Please note that there are more responses in the list than there are statements. Thus, not every response will be used, and no response is used more than one time. List of Possible...
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...Descartes Exam Questions & Notes (PHIL 1F90) Give a detailed account of Descartes’ systematic doubt or methodic doubt in Meditation I making certain to distinguish between real doubts and hypothetical or metaphysical doubts. Then explain how Descartes dispels each of these doubts during the course of the subsequent Meditations beginning with the cogito in Meditation 2. A methodic or systematic doubt refers to the common sense or naïve realism. So common sense or naïve realism is the belief that all knowledge comes from or through the senses. Naïve realism are things that are exactly as they appear to be and they appear to be exactly the way they are; a teacup for example. It’s possible to doubt naïve realism in that senses are not always truthful. The difference between real and hypothetical or metaphysical doubt is that Real Doubt are doubts we actually have such as those that really do happen; for example, things that happen sometimes, occasionally, or once in a while. Metaphysical Doubt on the other hand are doubts that could happen. It’s like a logical extension of real doubt, logical possibilities for example “let us assume, what if, I will therefore suppose that.” Sometimes is also considered a real doubt for example “Sometimes my senses do deceive me.” It’s important to note that external conditions are not ideal. Descartes discusses the lunatic hypothesis and the dream hypothesis. He says that in a lunatic hypothesis internal conditions are not ideal since a lunatic...
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...2012 Students: These sample questions were pulled from last year’s exam. Note that not all the material covered to this point matches up with what I did last year. Hence some material below may be unfamiliar to you. However, these are reasonably representative of the type of questions you are likely to see. 1.Financial accounting a) provides useful information primarily for external decision makers. b) is required for corporations but probably would not be done by other business entities. c) provides information primarily for the use of managers of the company. d) has been practiced in this country for approximately the last 15 years. 2. The Financial Accounting Standards Board employs a "due process" system for making GAAP. This process… a. is an efficient system for collecting dues from members. b. enables interested parties to express their views on issues under consideration. c. establishes new standards based only on FASB board members’ discussions. d. requires that all accountants must receive a copy of financial standards. 3. A decrease in net assets arising from peripheral or incidental transactions is called a(n) a. capital expenditure. b. cost. c. loss. d. expense. 4. An accounting record into which the essential facts and figures are posted when it is time to make the financials is called the a. general ledger. b. cash flow statement. c. trial balance. d. general journal. e. Major General. 5. If, during an accounting period...
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...BUS100 Sample Exam 1 Student: ___________________________________________________________________________ 1. Which of the following organizations is an example of the goods-producing sector of the economy? A. Ford Motor Company B. Florida State University C. Children's Hospital D. H & R Block Tax Consulting 2. Which of the statements about demography is most accurate? Demographic studies: A. focus on factors that have great political relevance, but little relevance to business firms. B. suggest that the number of two-income families will decline in the future. C. provide business and individuals with insights into business and career opportunities of the future. D. are an important source of information about changes in weather and climate. 3. Public schools, charities and government agencies are not classified as businesses because they: A. have not been incorporated. B. do not seek to earn a profit. C. provide services rather than goods. D. do not have any stockholders. 4. In order to make an intelligent investment decision, entrepreneurs should: A. limit their options to those business investments that are backed by the U.S. government. B. invest in businesses that have generated a stable rate of profit for at least the past ten years. C. invest only in business opportunities where it is possible to take an active role in management. D. compare the risks of potential investments to their expected profits and find the right balance...
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...1) _______________ involves analyzing a situation, determining goals to be pursued, and deciding upon the actions that will be taken to achieve these goals. | |[pic]A. [pic] Planning | | |[pic]B. [pic] Organizing | | |[pic]C. [pic] Leading | | |[pic]D. [pic] Staffing | | | | 2) The four traditional functions of management include planning, organizing, leading, and service. | |[pic]A. [pic] False | | |[pic]B. [pic] True | | | | 3) Building a dynamic organization is another way of describing which function of management? | |[pic]A. [pic] Controlling | | |[pic]B. [pic] Leading | | |[pic]C. [pic] Organizing | | |[pic]D. [pic] Planning | | | | 4) The macroenvironment includes all of the following EXCEPT: | |[pic]A. [pic] International developments | | |[pic]B. [pic] Government policies | | |[pic]C. [pic] New entrants | | |[pic]D. [pic] Technology | | | | 5) Robert was recently hired as the workplace safety compliance officer at ABC Power Company. Robert will have the responsibility to monitor regulations from which of these government agencies? | |[pic]A. [pic] National Labor Relations Board | | |[pic]B. [pic] Environmental...
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...1b) Discuss the problems of conducting research into the detection of lies (15) When conducting research into detecting lies, researchers could potentially face many problems. These could be ethical or practical. The study by Mann attempted to find out about the police’s ability to detect liars. They studied this as we cannot know for sure if the police are good at identifying liars as the public are not allowed to observe recordings of interviews as a suspect is always innocent until proven guilty. The aim of this research was to test police officers ability to distinguish truth and lies during interviews with suspects. Her research was made up of 99 police officers from Kent. This alone is a practical problem as it means the sample is geographically limited to only one area and means the sample can only be representative of this area or other police forces. Perhaps the MET or the FBI have different methods of detecting lies and are either better or worse than much larger forces. A problem in conducting research with this sample was that there wasn’t a control group of non-police officers to test the hypothesis of this study; therefore it was not proved that police officers were better at detecting lies. This research was a field experiment meaning that the ethical guidelines may be challenged as Mann would have had to have gained the full permission of the participants before conducting the study. In this study, Police officers were shown 54 video clips of 14 suspects of...
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