All Tutorials

see attachment,,,,,,,,,,

bsa 310 entire grade a++ 100%

BSA 310 Entire GRADE A++ 100%BSA 310 Entire GRADE A++ 100%

BSA 310 Entire GRADE A++ 100%BSA 310 Entire GRADE A++ 100%

BSA 310 Entire GRADE A++ 100%BSA 310 Entire GRADE A++ 100%

BSA 375 Complete CourseBSA 375 Complete Course

bsa 375 complete course

BSA 375 Complete CourseBSA 375 Complete Course

BSA 375 Complete CourseBSA 375 Complete Course

Week 2 Individual Frequent Shopper Program, Part I Research, write, and provide a 4-6 page proposal of the alternative development methods the firm might consider for completing the Frequent Shopper Program. Include the following in the proposal: • Explain the advantages and disadvantages for each method relative to this project. • Explain how the firm would conduct testing for each development method. Week 3 Individual Frequent Shopper Program, Part II For the Frequent Shopper Program, create a Technical Architecture document of 6-8 pages using Logical Model and Physical Model delineations as appropriate. Cover the following as a minimum: • Hardware platform: Describe the hardware environment to support the development and production of this system. • Network connections between the stores and headquarters: A network diagram is required. • Software Development Tools: Describe the software development tool proposed to build this application. • Database information • User interfaces: Describe the interface for data collection and notification to store personnel and customers. • Controls: Describe the controls to make sure the customer information is accurately maintained and the purchase activity is accurately captured. • Security: Describe the security measures to protect the customer’s personal and purchase history data. Week 4 Individual Frequent Shopper Program Part III For the items specified in your Technical Architecture document developed for the Frequent Shopper Program, write a 4-6 page paper describing the following: • Quality assurance process and procedures to ensure the functionality and performance requirements are met • Testing procedures to ensure the application is operational at all levels (program, network, systems, and interfaces) • Implementation steps and procedures necessary to achieve operational status Week 5 Learning Team Software Testing Paper Submit the 20-25 page paper on the Software Development and Testing Specification. Week 5 Learning Team Software Testing Presentation Submit a 15-20 slide PowerPoint presentation on the Software Development and Testing Specification Week 1-4 Learning Team Outlines Learning Team Instructions Create and post the Learning Team Charter this week. Learning Team project background: Smith Consulting has received some feedback and concerns that their processes and procedures are not sufficiently documented. This lack of professional documentation has caused some loss of potential contracts for the firm. The Learning Team has been given the assignment to define, develop, and propose standards for a software development and testing environment at Smith Consulting. The Learning Team will prepare a 20-25 page paper describing a Software Development & Testing Specification and a 15-20 slide PowerPoint® presentation on the specification. These deliverables will be developed by the Learning Team over the duration of the course with final submission in Week Five. Assume that the paper and the presentation are to be delivered to an executive management committee. The paper should contain the following sections; • Define the Smith Consulting engagement approach. This will include a statement of the way the firm works with clients and how projects are managed. • Define the software development and quality assurance processes and procedures. • Describe in detail the testing procedures to be exercised in the following areas: o Programs o Systems o Interfaces • Describe the infrastructure including hardware and software capabilities that will make up the software testing environment. • Define the format and requirements for development of a formal program specification. This program specification is essentially the software design and development process strategy to be provided to the software developers working on a Smith development project. The PowerPoint presentation should address the following items; • The Smith Consulting engagement approach. This will include how the firm works with clients and how projects are managed. • The key elements of the proposed software design and development specification and strategy. • Why you believe the proposed development strategy will be cost-effective. Start work this week on the paper section involving Smith Consulting’s client engagement approach. Learning Team Instructions Start work this week on the paper section involving the description of the software development and quality assurance processes and procedures. This description must include a guideline as to when the firm might consider using alternative development methods relative to specific project requirements. The Learning Team must consider that a single development is not likely to be a one-size-fits-all solution for the firm’s broad services. Submit a 1 page outline of the above paper section showing the key headers you will use to delineate the important content areas. Post your Learning Team Peer Evaluation for the week. Learning Team Instructions Start work this week on the paper section involving the software testing procedures (covering programs, systems, and interfaces). These procedures must be adequate to support both Smith developed software and any commercial off-the-shelf software they are delivering to their clients. Submit a 1 page outline of the above paper section showing the key headers you will use to delineate the important content areas. Start work this week on your PowerPoint presentation. Post your Learning Team Peer Evaluation for the week. Learning Team Instructions Start work this week on the remaining paper sections involving hardware & software capabilities comprising the testing environment and also the format & requirements for the program specification. Submit a 1 page outline for your hardware & software test environment section showing the key headers you will use to delineate the important content areas. Post your Learning Team Peer Evaluation for the week. DQs: Based on the article provided, what are the risks associated with outsourcing enterprise development? Should these risks be mitigated by only outsourcing the maintenance of legacy systems? Based on the article provided, under what circumstances would you consider using agile development methodologies? Why has flexibility become so important in developing viable system solutions? Based on the article provided, what is the rational for employing service-oriented architecture (SOA) platforms from multiple vendors? How do these vendors support the traditional systems development life cycle (SDLC)? Based on the article provided, what affect does SOA have on the traditional SDLC? Why has SOA had such a dramatic influence on system development?Week 2 Individual

"For this assignment, imagine that for the second quarter in a row, profits are down at Waterfall division. Division Management budgeted $250,000 in profits for the 2nd quarter but actual results were only $197,000 in profits. The division management insists that the budgets were developed realistically but admits sales were down. The division has been under pressure to improve profitability. Corporate Management has asked you to identify the primary cause of the shortfall – revenue or costs?
Address the following as you develop your answer to Corporate.
• How will you approach your analysis of the situation?
• What variance analysis and / or trends would be helpful to evaluate?
• What are three possible situations that could be the cause for the shortfall in profits?
• What actions would you recommend for these three possible situations?
• What recommendations would you make to management to improve the budget process for next year?
When complete, submit your work. Prior to doing so, make sure your assignment meets the following criteria.

• The paper should be complete and concise. In addition, it but should provide enough information to effectively support your responses to each of the questions presented above, as well as the grading criteria of the assignment.
• The paper should also illustrate your understanding of financial terminology in this unit.
• Also review your work for proper APA formatting, if applicable, and use grammatically correct sentences.
Evaluates the scenario and demonstrates understanding of the financial and accounting terminology. Provides examples to support this evaluation.
Develops effective recommendations to management based on analysis of the scenario, and provides examples of why these are the best recommendations.
"

Assignment: Building an Ethical Organization Part I

You have just been appointed as the director of a new health care or human service
organization (for example, a public health clinic). As the director, one of your first tasks is to
draft a mission statement and a values statement for your organization. As your organization
grows, your stakeholders will provide their input and help shape these statements.

Write a 1,050- to 1,400-word paper in APA format containing the following:
1. Description of Organization: What services does the organization provide? Who is
the clientele? Is it a for-profit or non-profit organization?

2. Mission Statement: What is organization's mission statement? How will the mission
statement support the ethical system? What message does the mission statement
send to the community?

3. Values Statement: What is the organization's values statement? How will these
values inspire action and influence behavior? How do these values relate to the
organization's mission?

Assignment: Building an Ethical Organization Part I

You have just been appointed as the director of a new health care or human service organization (for example, a public health clinic). As the director, one of your first tasks is to draft a mission statement and a values statement for your organization. As your organization grows, your stakeholders will provide their input and help shape these statements.

Write a 1,050- to 1,400-word paper in APA format containing the following:

1. Description of Organization: What services does the organization provide? Who is the clientele? Is it a for-profit or non-profit organization?

2. Mission Statement: What is organization's mission statement? How will the mission statement support the ethical system? What message does the mission statement send to the community?

3. Values Statement: What is the organization's values statement? How will these values inspire action and influence behavior? How do these values relate to the organization's mission?

Building an Ethical Organization Part I

You have just been appointed as the director of a new health care or human service organization (for example, a public health clinic). As the director, one of your first tasks is to draft a mission statement and a values statement for your organization. As your organization grows, your stakeholders will provide their input and help shape these statements.

Write a 1,050- to 1,400-word paper in APA format containing the following:

1. Description of Organization: What services does the organization provide? Who is the clientele? Is it a for-profit or non-profit organization?

2. Mission Statement: What is organization's mission statement? How will the mission statement support the ethical system? What message does the mission statement send to the community?

3. Values Statement: What is the organization's values statement? How will these values inspire action and influence behavior? How do these values relate to the organization's mission?

Assignment: Building an Ethical Organization Part II

The board of directors has accepted the draft mission and values statements of the health care and human service organization you helped design. It is time to put your plan in action and complete the ethical framework for the organization.

• Write a 2,100- to 2,800-word paper in APA format containing the following:

1. Introduction
2. Description of the Organization: Expand and incorporate feedback from Building an Ethical Organization Part I.
3. Mission Statement: Expand and incorporate feedback from Building an Ethical Organization Part I.
4. Values Statement: Expand and incorporate feedback from Building an Ethical Organization Part I.
5. Code of Ethics: List your organization's code of ethics, with a minimum of ten items. How does the code inspire a tangible outcome from employees? How is it related to the mission and values of the organization?
6. Organizational Culture: What type of culture do you plan to foster and how? How will the culture institutionalize the organization's values?
7. Leadership: What approach to leadership will you take? How will you develop and maintain organizational culture as a leader? What is your moral responsibility as a leader?
8. Oversight: How will you measure your organization's performance in maintaining an ethical standard? What structures or systems will you put in place for oversight?
 9. Conclusion
• Use a minimum of three peer-reviewed sources.
• Post as an attachment.

Building an Ethical Organization Pt. II

1. Introduction
2. Description of the Organization: Expand and incorporate feedback from Building
an Ethical Organization Part I.
3. Mission Statement: Expand and incorporate feedback from Building an Ethical
Organization Part I.
4. Values Statement: Expand and incorporate feedback from Building an Ethical
Organization Part I.
5. Code of Ethics: List your organization's code of ethics, with a minimum of ten items.
How does the code inspire a tangible outcome from employees? How is it related to
the mission and values of the organization?
6. Organizational Culture: What type of culture do you plan to foster and how? How
will the culture institutionalize the organization's values?
7. Leadership: What approach to leadership will you take? How will you develop and
maintain organizational culture as a leader? What is your moral responsibility as a
leader?
8. Oversight: How will you measure your organization's performance in maintaining an
ethical standard? What structures or systems will you put in place for oversight?
9. Conclusion

Use a minimum of three peer-reviewed sources.

BUS 101 A+ Ansers to the below questions: The Fair Labor Standards Act Established the federal minimum wage. Legalized collective bargaining. Outlawed union shops Outlawed secondary boycotts. Team diversity is often established in a_____ team, by bringing together the expertise of members from various functions in the organization. Problem-solving Cross- functional Working Self-managed Efficiency means producing_____using the least amount of Capital; natural items. Goods; resources. Entrepreneurship; people. Human resources; time. Television is an attractive advertising medium because it Provides instant feedback, which can be used to measure effectiveness. Offers mass coverage and flexibility. Offers a rapidly growing network audience. Is relatively inexpensive. What prompted Congress to enact the Sarbanes-Oxley Act in 2002? Major companies requested government regulation following negative publicity. B. Congress wanted to make accounting practices more efficient. C .A series of improper financial disclosures were found during investigations. Stockholders petititioned for increased access to financial records. 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? Both Neither Bob only Betty only _________ ratios measure the degree to which a firm relies on borrowed funds in its operations. Retail earning Earnings per share Wholesale earning Leverage (debt) 8. 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/an Strength Threat Opportunity Weaknesses Camden 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. Fall; fall Fall; rise Rise; rise Rise; fall 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. Student B says that proactive ethics is a mark of a world-class business. Which student is correct? Neither Both Student A only Student B only All of the following are assets except Bank loans Cash Inventory Patents Pham is employed as a human resource manager. His responsibilities might include all of the following activities except Administering compensation plans. Administering employee benefit programs. Developing employees training programs. Projecting sales for the coming six-month period. Which of the following represents the basic accounting equation? Assets + Liabilities = Owners’ Equity Liabilities = Assets + Owners’ Equity Assets = Liabilities + Owners’ Equity Owners’ Equity-Liabilities = Assets 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 Location Age Gender Income The salesperson’s task of identifying potential customers is known as Follow-up Prospecting Selection Demonstration 18. The method of determining the minimum sales volume needed at a certain price level to cover all costs is Market share analysis Return on sales Equilibrium pricing Breakeven analysis 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. Product Promotion Pricing Transportation Nearly a week before Hurricane Katrina reachedNew Orleans, Wal-Mart began moving trucks and supplies into position, as specified in the company, s_________plan. Tactical Operational Strategic Contingency The rate the Fed charges member banks for short-term loans is called the Reserve requirement Margin rate Discount rate Federal funds rate 22. During a recession, unemployment_________while inflation Rises; falls Falls; falls Rises; rises Falls; rises 23. If a firm has a current ratio of 2.00, it means that for every $2 in_________it has $1 in Total assets; total liabilities Current assets; current liabilities Total assets; current liabilities Current assets; total liabilities 24. Omar, an electrician for Quality Builders, is paid $35 for each hour he works during the day. After 5p.m. and on weekends, he is paid the overtime rate of one and one-half times the regular hourly rate. Omar is paid a Commission Salary Wage Bonus 25. Union workers at an auto parts plant go out on strike. In response, management closes the plan. This tactic is a Cooling-off period Secondary boycott Lockout Strikebreaker In theU.S.economy, ________are considered the reward for the risk of entering business. Sales Revenues Profits Liabilities According to the doctrine of supply, the amount_________will increase as the________increases. Sold; demand Supplied; price Demanded; cheapness Bought; cost 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. 80 800 400 500 Price auctions on eBay are an example of Entertainment Information Communication E-business In which stage of the product life cycle do sales reach a saturation level, making further sales expansion difficult? Maturity stage Growth stage Decline stage Introductory stage In which stage of the product life cycle are profits at their highest? Decline stage Introductory stage Maturity stage Growth stage 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? Accentuate product value Stabilize sales Provide information Increase sales 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? Penetration Skimming Competitive Psychological

Resource: Ch. 5 of Introduction to Business

Imagine that you are starting your own company. What will be the ethical code of your company? In a 200- to 300-word response, draft an ethical code of conduct listing the rules and principles that your company will use in decision-making.

Provide a brief explanation of why you selected each rule and/or principle

BUS 308
Statistics For Managers

Week One

Required Readings

Chapter 1: An Introduction to Business Statistics
Chapter 2: Descriptive Statistics: Tabular and Graphical Methods
Chapter 3: Descriptive Statistics: Numerical Methods

Discussions

Performance Report. You are the manager at a company and are asked to present a report on the year-to-date performance of your division. What type of statistical information would you include in your report? In particular, which descriptive statistics (mean, median, standard deviation, etc.) do you think would best represent the main aspects of the performance of your division? What types of graphical presentation (histogram, dot plot, stem-and-leaf, bar chart, etc.) would you include? Explain your reasoning.

The Empirical Rule vs. Chebyshev's Theorem. Discuss how the Empirical Rule works and how it relates to the bell curve as illustrated in Figure 3.14 (a). Then, explain Chebyshev's Theorem and how it is different from the Empirical Rule. Give a specific example of a population with which the Empirical Rule might be most effective and one with which Chebyshev's Theorem might be most effective.

Quiz

1. Due Day 6.Week One Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week One Problems. Complete the following problems from the textbook and submit them as a Word file.

Chapter 1: 1.2, 1.17
Chapter 3: 3.3, 3.22
Week Two

Required Readings

Chapter 4: Probability
Chapter 5: Discrete Random Variables
Chapter 6: Continuous Random Variables

Discussions

Relative Frequency. Conceptually we would expect the probability of newborn males and females to be the same. However, census reports indicate that the ratios of males and females in various countries do not conform to the theoretical prediction. What do you think accounts for this variation? Can you think of other cases where the expected probabilities do not quite agree with the empirical values?

Applications for Probability. In what situations might you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid in using probability in business?

Quiz

1. Due Day 6.Week Two Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week Two Problems. Complete the following problems from the textbook and submit them as a Word file. When appropriate, you may use either Excel or Megastat to complete (see tutorials in chapter appendices).

Chapter 4: 4.4, 4.20, 5.12, 6.22(a)
Chapter 5:
Chapter 6:
Week Three

Required Readings

Chapter 7: Sampling and Sampling Distributions
Chapter 8: Confidence Intervals

Discussions

Unscientific Sampling. Consider question 7.45 from the text: A Milwaukee television station, WITI-TV, conducted a telephone call-in survey asking whether viewers liked the new newspaper, the Journal Sentinel. On April 26, 1995, Tim Cuprisin, a columnist for the Journal Sentinel, wrote the following comment: "WITI-TV (Channel 6) did one of those polls—which they admit are unscientific—last week and found that 388 viewers like the new Journal Sentinel and 2,629 didn't like it. We did our own unscientific poll on whether those Channel 6 surveys accurately reflect public opinion. The results: a full 100 percent of the respondents say absolutely, positively not."
Is Cuprisin's comment justified?

Article Review. Many articles present statistical data and list margins of error (for example, reports on political opinion polls, growth or decline of the housing markets, manufacturing sectors, etc.). Find one such article from a reliable source (such as EBSCO or Proquest) in the online library that includes a construction of confidence intervals for the data studied, and give a summary of the topic and the statistical results presented. In particular, discuss whether there is enough information presented in the article to arrive at the same conclusion as reported.

Quiz

1. Due Day 6.Week Three Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week Three Problems. Complete the following problems from the textbook and submit them as a Word file. When appropriate, you may use either Excel or Megastat to complete (see tutorials in chapter appendices).

Chapter 7: 7.11, 7.30, 8.8, 8.38
Chapter 8:
Week Four

Required Readings

1. Chapter 9: Hypothesis Testing
2. Chapter 12: Chi-Square Tests

Discussions

Hypothesis Test. Give an example of a hypothesis test you could perform at work or at home. State what the Null and the Alternative hypotheses would be in your test. Explain how you would settle on a reasonable level of significance for your scenario. Also explain what the type I and II errors would be if you reached the incorrect conclusion in your test.

Creating Hypotheses. Assume you are the manager of a paint manufacturing factory. Your company has received complaints from customers that the containers hold less than the amount printed on them. On the other hand, corporate management is concerned that the containers hold more than the standard amount. You assign a statistician to verify these claims. A sample of containers was selected and the volume of paint in each container was measured. Assuming that the volume printed on each container is 1 gallon, how would you formulate the null and alternative hypotheses to test the customers' claim? As a manager, what reasonable criteria will you use to set a value for the level of significance to be used in the test? After answering this question, what type of error would you suppose may result in that case?

Quiz

1. Due Day 6. Week Four Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week Four Problems. Complete the following problems from the textbook and submit them as a Word file. When appropriate, you may use either Excel or Megastat to complete (see tutorials in chapter appendices).

Chapter 9: 9.13, 9.22
Chapter 12: 12.10, 12.18(a)
WeekFive

Required Readings

1. Chapter 13: Simple Linear Regression Analysis
2. Chapter 15: Process Improvement Using Control Charts (on textbook website: http://highered.mcgraw-hill.com/sites/007340182x/student_view0/chapter_15.html)

Discussions
Linear Correlation. Do you think there is a correlation between CEO salaries and the degree of success of a company? If you were to take a sample of companies with comparable size, market capitalization, and product category, and plot CEO salaries against the net profit of their respective companies, do you expect to find a linear correlation between the two? Explain.

Quality Control. Visit the websites on Quality Control (QC) listed in the Required Websites for this week. In addition, locate an article on the Internet or in the Library databases that describes an example of the use of statistics in Quality Control. In your post, briefly define Quality Control and explain its importance. Also, describe some of the most widely used tools in the industry for measuring and controlling quality, emphasizing their relationship to what you have encountered in this class. Finally, explain the example from your article of statistics as applied in a Quality Control context.

Assignments

Final Project.
Focus of the Final Project

To complete this project, use the "Final Project Data Set" found in your eCollege classroom in the Final Project description.

Part I:
1. Calculate the mean yearly value using the average gas prices by month found in the "Final Project Data Set."
2. Using the years as your x-axis and the annual mean as your y-axis, create a scatterplot and a linear regression line.
3. Answer the following questions using your scatterplot and linear regression line:
a. What is the slope of the linear regression line?
b. What is the Y-intercept of the linear regression line?
c. What is the equation of the linear regression line in slope-intercept form?
d. Based on the linear regression line, what would be an estimated cost of gas in the year 2020?
e. What are the residuals of each year?
f. Select a current price that you have seen or paid recently for gas. Is that price within the range of the linear regression line or is it an outlier? Is it within the confidence interval of 5% or either end?

Part II:
Imagine that you are a manager at a delivery service and you are creating a report to project the effects on your company of rising gas prices in the next ten years. Using the preceding statistical analysis as your basis and outside scholarly resources to support your claims, write a 3 to 5 page paper interpreting the results from this perspective. Include the following considerations:
1. Introduce the project and its significance to the company.
2. Explain the statistical analysis that you completed in Part I. Be sure to explain where the data came from, what analysis was done, and what the results were.
3. Give conclusions that you have drawn from the data. Consider the effects of your gas price predictions on the delivery business. Also consider whether or not you believe your predicted gas prices are accurate. What could occur in the future that would change your linear regression line and therefore your prediction?

True/False

1.The financial manager should examine available risk-return trade-offs and make his decision based upon the greatest expected return.

2.Only a few financial decisions involve some sort of risk-return tradeoff.

3.The sole proprietorship can be described as the absence of any legal business structure.

4.In a general partnership, all partners have unlimited liability for the actions of any one partner when that partner is conducting business for the firm.

5.There is no legal distinction made between the assets of the business and the personal assets of the owners in the limited partnership.

6.General partners have unrestricted transferability of ownership, while limited partners must have the consent of all partners to transfer their ownership.

7.Ultimate control in a corporation is vested in the board of directors.

8.There are a significant number of legal requirements to follow when establishing a sole proprietorship

9.Limited partners may actively manage the business.

10.The life of a corporation is not dependent upon the status of the investors.

11.A sole proprietorship is the most desirable business form in all circumstances.

12.In a sole proprietorship, the owner is personally responsible without limitation for the liabilities incurred.

13.In a limited partnership, at least one general partner must remain in the association; the privilege of limited liability still applies to this partner.

14.In a general partnership, there is a distinction between business and personal assets.

15.In order to maximize shareholder wealth, a firm must consider historical costs as an integral part of their decision-making.

16.Financial management is concerned with the maintenance and creation of wealth.

17.Shareholder wealth is measured by the market value of the firm's common stock.

18.The agency problem arises due to the separation of ownership and control in a firm.

19.There is little, if any, difference between a business error and an ethical error.

20.For markets to be efficient, price adjustments to new information must be correct.

21.Ethical dilemmas frequently exist in finance.

22.Even though diversification can eliminate risk, it also makes it more difficult to measure a project's or an asset's risk.

Multiple Choice Questions

23.Consider the following equally likely project outcomes: Profit XY Pessimistic prediction$0$500 Expected outcome$ 500$500 Optimistic prediction$1000 $500 a.Project Y has less uncertainty than Project X. b.Project X has more variability than Project Y. c.a and b. d.Since Projects X and Y have the same expected outcomes of $500, investors will view them as identical in value.

24.Maximization of shareholder wealth as a goal is superior to profit maximization because: a.it considers the time value of the money. b.following the shareholder wealth maximization goal will ensure high stock prices. c.it considers uncertainty. d.a and c.

25.Why is maximizing shareholder wealth a better goal than maximizing profits? a.Maximizing shareholder wealth places greater emphasis on the short term. b.Maximizing profits ignores the uncertainty that is related to expected profits. c.Maximizing shareholder wealth gives superior consideration to the entire portfolio of shareholder investments. d.Maximizing profits gives too much weight to the tax position of shareholders.

26.Profit maximization does not adequately describe the goal of the firm because: a.profit maximization does not require the consideration of risk. b.profit maximization ignores the timing of a project's return. c.maximization of dividend payout ratio is a better description of the goal of the firm. d.a and b.

27.Consider cash flows for Projects X and Y such as: Project XProject Y Year 1$3000 $0 Year 2$0$3000 A rational person would prefer receiving cash flows sooner because: a.the money can be reinvested. b.the money is nice to have around. c.the investor may be tired of a particular investment. d.the investor is indifferent to either proposal.

28.What is the chief disadvantage of the sole proprietorship as a form of business organization when compared to the corporate form? a.Sole proprietorships are subject to double taxation of profits. b.The cost of formation. c.Inadequate profit sharing. d.Owners have unlimited liability.

29.Which of the following is not true for limited partnerships? a.Limited partners can only manage the business. b.One general partner must exist who has unlimited liability. c.Only the name of general partners can appear in the name of the firm. d.Limited partners may sell their interest in the company.

30.In terms of organizational costs, which of the following sequences is correct, moving from lowest to highest cost? a.General partnership, sole proprietorship, limited partnership, corporation b.Sole proprietorship, general partnership, limited partnership, corporation c.Corporation, limited partnership, general partnership, sole proprietorship d.Sole proprietorship, general partnership, corporation, limited partnership

31.Coplon, Inc., an industrial firm, earned $180,000 in dividends in 1993 on their stock holding in the Finco Company. How much of the dividends are excluded from Coplon's taxable income? a.$27,000 b.None c.$126,000 d.$153,000

32.Which one of the following categories of owners enjoys limited liability? a.General partners in a limited partnership b.Shareholders (common stock) of a corporation c.Sole proprietors d.Both a & b

33.Which of the following is a characteristic of a limited partnership? a.It allows one or more partners to have limited liability. b.It requires one or more of the partners to be a general partner to whom the privilege of limited liability does not apply. c.It prohibits the limited partners from participating in the management of the partnership. d.all of the above.

34.Which of the following categories of owners have limited liability? a.General partners b.Sole proprietors c.Shareholders of a corporation d.Both a and b

35.Which of the statements below is true? a.The sole proprietorship and the general partnership both feature unlimited liability. b.It is very complicated (legally) to establish a corporation. c.No legal criterion exists for a general partnership. d.All of the above are true.

36.Which of the following types of business forms is the most ideal in terms of attracting new capital? a.Sole proprietorship b.Limited partnership c.General partnership d.A public corporation

37.Which forms of organization are free of initial legal requirements? a.Sole proprietorship b.General partnership c.Corporation d.Both a and b

38.For these types of organization, no distinction is made between business and personal assets. a.Sole proprietorship b.General partnership c.Limited partnership d.All of the above e.Both a and b

39.Which of the following is a significant disadvantage of a general partnership? a.The cost of forming it is high. b.Each partner is fully responsible for the liabilities incurred by the partnership. c.There is a risk associated with the industry in which it operates. d.Forming the business is very complex.

40.Which of the following should be considered when assessing the financial impact of business decisions? a.The amount of projected earnings b.The risk-return tradeoff c.The timing of projected earnings; i.e., when they are expected to occur d.The amount of the investment in a given project e.All of the above

41.Which of the following forms of business organization is the dominant economic force in the United States? a.The sole proprietorship b.The general partnership c.The limited partnership d.The joint venture e.The corporation

42.Which of the following reasons is most responsible for corporations being the most important form of business organization in the United States? a.Corporations have limited life. b.Stockholders have unlimited liability. c.Corporations are subject to less government regulation than the other forms of business organization. d.Corporations have the ability to raise larger sums of capital than the other forms of business organization. e.Corporations are subjected to less taxation than the other forms of business organization.

43.How could you compensate an investor for taking on a significant amount of risk? a.Increase the expected rate of return. b.Raise more debt capital. c.Offer stock at a higher price. d.Increase sales.

44.Which of the following would be most likely to align the interests of managers and shareholders? a.Fixed but high salaries b.Large bonuses c.Stock options d.All of the above e.None of the above

45.What does the agency problem refer to? a.The conflict that exists between the board of directors and the employees of the firm b.The problem associated with financial managers and Internal Revenue agents c.The conflict that exists between stockbrokers and investors d.The problem that results from potential conflicts of interest between the manager of a business and the stockholders e.None of the above

46.A limited liability company (LLC) is: a.able to retain limited liability for owners. b.taxed like a corporation. c.a cross between a partnership and a corporation. d.a and c. e.all of the above.

47.Purchasing a security of a company that is issuing their stock for the first time publicly would be considered: a.a secondary market transaction. b.an initial public offering. c.a seasoned new issue. d.both a and b.

48.In measuring value, the focus should be on: a.cash flow. b.accounting profits. c.time value of money. d.earnings per share.

49.Which of the following is true regarding accounting profits? a.Received by the firm and reinvested b.Reflects money in hand c.Represents actual money received and paid out d.Equals cash in the bank

50.Which of the following statements is true regarding competitive markets? a.Large profits exist over the long run. b.Product differentiation produces insulation for competitors. c.Cost advantages attract new entrants. d.Both b and c.

51.Which of the following decrease new competition in competitive markets? a.Economies of scale b.Proprietary technology c.Product differentiation d.Both a and b e.All of the above

52.Cost advantages in competitive markets: a.have the potential to create large profits. b.deter new entrants from entering. c.can be created by economies of scale. d.all of the above.

53.Which of the following is a characteristic of an efficient market? a.Small number of individuals. b.Opportunities exist for investors to profit from publicly available information. c.Security prices reflect fair value of the firm. d.Immediate response occurs for new public information.

54.Diversification increases when ________ decreases. a.variability b.return c.risk d.a and c e.all of the above

55.IBM issuing new shares of common stock would be classified as: a.a new seasoned issue. b.an initial public offering. c.a secondary market transaction. d.a and b.

56.According to the agency problem, _________ represent the principals of a corporation. a.shareholders b.managers c.employees d.suppliers

57.The opening of new international markets to the U.S. can be attributed to: a.acceptance of a free market system by third world countries. b.regulation of U.S. industries. c.increase in information technology. d.a and c. e.all of the above. Short-

Answer Questions

58.Briefly discuss mechanisms that can be used to align the interests of shareholders and managers.

59.Briefly discuss why financial decision makers must focus on incremental cash flows when evaluating new projects.

60.Discuss the risk/return tradeoff and how it relates to finance.

61.Compare and contrast primary market and secondary market transactions as it relates to the flow of funds in the transactions.

62.Discuss how new entrants are deterred from entering a competitive market.

63.What is incremental cash flow and how is it used in project analysis?

BUS 401,BUS 401,

1. JBC Corp. declared a dividend of $2 per share, which was an increase of 25% from the prior year, yet JBC Corp. stock declined by 3% the day of the announcement. RBG Corp. declared a dividend of $2 per share, which was the same as the prior year, and its stock increased in value by 2% on the day of the announcement. These events could be most readily explained by the (Points : 1)

information effect.

clientele effect.

expectations theory.

residual dividend theory.

2. A firm's optimal capital structure occurs where? (Points : 1)

EPS are maximized, and WACC is minimized.

Stock price is maximized, and EPS are maximized.

Stock price is maximized, and WACC is maximized.

WACC is minimized, and stock price is maximized.

3. Flotation costs: (Points : 1)

include the fees paid to the investment bankers, lawyers, and accountants involved in selling a new security issue.

encourage firms to pay large dividends.

are encountered whenever a firm fails to pay a dividend.

are incurred when investors fail to cash their dividend check.

4. Assume that the tax on dividends and the tax on capital gains is the same. All else equal, what would a prudent investor prefer? (Points : 1)

The prudent investor would be indifferent between receiving dividends or capital gains.

The prudent investor would prefer dividendsa dollar today is always worth more than a dollar to be received in the future.

The prudent investor would prefer capital gainsthe capital gain tax liability can be deferred until gains are realized.

More information is needed.

5. The break-even point is equal to (Points : 1)

fixed costs divided by (sales price per unit — variable cost per unit).

fixed costs divided by unit variable costs.

fixed costs divided by selling price per unit.

(sales price per unit — variable cost per unit) times the fixed costs.

6. The payment of dividends may indirectly result in closer monitoring of management's investment activities, thus increasing shareholder value by (Points : 1)

reducing agency costs.

increasing information asymmetry.

increasing a company's amount of free cash flow.

reducing auditing fees.

7. A firm that uses large amounts of debt financing in an industry characterized by a high degree of business risk would have ______ earnings per share fluctuations resulting from changes in levels of sales. (Points : 1)

no

constant

large

small

8. A high degree of variability in a firm's earnings before interest and taxes refers to (Points : 1)

business risk.

financial risk.

financial leverage.

operating leverage.

9. As production levels increase, (Points : 1)

variable costs per unit decrease.

fixed costs per unit increase.

fixed costs per unit stay the same and variable costs per unit increase.

fixed costs per unit decrease and variable costs per unit stay the same.

10. Moline Manufacturing Corporation reported the following items: Sales = $6,000,000; Variable Costs of Production = $1,500,000; Variable Selling and Administrative Expenses = $550,000; Fixed Costs = $1,350,000; EBIT = $2,600,000; and the Marginal Tax Rate =35%. Moline's break-even point in sales dollars is (Points : 1)

BUS 401,BUS 401,

BUS 401BUS 401

bus 401 week 1 dq 1 Goals of the Firm and Real Interest Ratesbus 401 week 1 dq 1 Goals of the Firm and Real Interest Rates