The person who directs a firm's management information systems and related computer operations is often called the ________.

Autocratic leaders make decisions______________.

There is a new emphasis in human resources for which of the following reason(s):

The four goals of advertising are:

Businesses selling to the consumer market is also known as:

The “price” element of marketing means the product or service must be available to consumers when they want it.

Ann owns a business and is reviewing her company's current financial statements. As a user of accounting information, Ann is most interested in using this information to _____.

Walker is a loan officer for a bank and is reviewing the financial statements of a prospective borrower. As a user of accounting information, Walker is most interested in using this information _____.

Market segmentation may include:

Variable costs are costs that:

All of the following are assets EXCEPT _____.

To provide reliable, consistent, and unbiased information to decision makers, accountants follow guidelines, or standards, known as _____.

Revenue can be defined as:

In a high-priced environment, a manufacturer would expect to sell _______ units, but have _______ revenue per unit.

All of the following are liabilities EXCEPT _____.

Milwaukee Fabrication has $80 million in assets and $50 million in owners’ equity. How much does the firm have in liabilities?

Jayce Products buys a $500,000 machine by taking out a bank loan. The company's assets will _____ by $500,000 while its liabilities will _¬____¬¬ by $500,000.

Which of the following financial statements shows a firm's financial position on a particular date?

Frank, chief financial officer for a company, wants to take a look at the summary of expenses, revenues, and profits of the firm for the most recent quarter. He can best find this information by consulting the _____.

If your costs are $10 per unit, what would be your selling price with a 40% markup?

A firm's balance sheet shows its financial position over a period of time.

The difference between what you own and what you owe is your _____.

All of the following are types of securities EXCEPT _____.

___ are short-term securities issued by the U.S. Treasury and backed by the full faith and credit of the U.S. government

Written communication in business should be:

Two types of municipal bonds exist. What are they?

The ____ is a collection of financial markets in which previously issued securities are traded among investors.

The three elements of a legal contract are ___________________________.

The gain or loss that results from an investment over a specified period of time is known as _____.

In order for a contractual offer to be valid, it must contain ___________________________.

A contract may be expressed or ___________________.

Manufacturers have a duty to warn against a ______________________ of their products.

All of the following could be considered “start-up” costs, except_____________?

Accounts Receivable(s) is money owed to our business.

Expenses generated by maintaining the office are called indirect expenses.

Expenses generated by the actual production of the product or service are called indirect expenses.

Profit is generated when total income is greater than total expenses.

The two main considerations when deciding a business’ legal structure are: liability and tax implications

The money used to finance the day to day operations of the business can come from:

A limited liability corporation provides the least protection of the owner’s personal assets.

All of the following are advantages of a partnership, except:

In most businesses a General Manager is required by law.

Gross Revenue $60,000 Cost of Goods Sold $30,000 Gross Profit: Indirect Expenses $10,000 Net Profit: The Gross Profit is ____________ and the Net Profit is ______________.

Which of the following statements is true of management?

Which of the following management functions is most likely to be responsible for planning for staffing needs, recruiting and hiring workers, providing for training and evaluating performance, determining compensation and benefits, and overseeing employee separation?

Which of the following is the first step in the recruitment process?

Saleem, an electrician for FCG Electricals, is paid $40 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. In this scenario, Saleem is paid a _____.

Antonio is paid $55,000 per year as a research analyst. This type of compensation is called a(n) _____.

The 4 P’s of marketing include all of following, except:

The law of supply states that producers will offer more of a product as its price ______ and less of a product as its price ________.

A subsidy is a government payment to help a domestic business compete with foreign firms.

Fixed costs, such as rent, insurance and utilities must be paid regardless of the the number of units produced and sold.

Mr. Caruana’s teaching skills can best be described as: