Category: Uncategorized

WOMEN IN REFORMATION EUROPE – HISTORY

Question
	
In 1569, the Scottish Presbyter John Knox wrote a powerful treatise
against the idea of women in government. He was responding in part to
the swift changes in society caused by the Reformation, but also
responding to the accident of history that brought multiple women into
roles of power in the mid-sixteenth century, including: Mary, Queen of
Scots; Mary Tudor, Queen of England; and Catherine de Medici, Queen
Mother and Regent of France. Hoping for a favorable Protestant King,
Knox wrote this and published it a year after the Protestant Elizabeth
took the English throne (which changed his tune, since her Protestant
faith was in line with Knox’s wishes for governance). However, Knox did
not know what to expect from Queen Elizabeth when he wrote the following
 words:
For who can deny but it repugneth to nature, that the blind shall
 be appointed to lead and conduct such as do see? That the weak, the
sick, and impotent persons shall nourish and keep the whole and strong,
and finally, that the foolish, mad and frenetic shall govern the
discrete, and give counsel to such as be sober of mind? And such be all
women, compared unto man in bearing of authority. For their sight in
civil regiment, is but blindness: their strength, weakness: their
counsel, foolishness: and judgment, frenzy, if it be rightly considered. ~John Knox, “The First Blast of the Trumpet against the Monstrous Regiment of Women”
Kevin Reed. (1995). The First Blast of the Trumpet Against the Monstrous Regiment of Women 1558 
Retrieve from
The following passage is taken from the 1542 publication of Agrippa von Nettesheim, A treatise of the nobility and excellence of womankind. Consider the different views on womanhood expressed here:
The woman has that same mind that a man has, that same reason and
 speech, she goes to the same end of blissfulness [heaven]. And thus
between man and woman by substance of the soul, one hath no higher
preeminence of nobility above the other, but both of them naturally have
 equal liberty of dignity and worthiness. For all, a woman was the last
of the creatures created, the full end and most perfect of all God’s
work. It is well known, that for the more part, a woman hath always more
 pity and mercy than a man. Moreover, it was proved by the civil laws
that women might lawfully look to their own profit, to other men’s
hindrance. Women should not merely grind at the mill, nor drudge in the
kitchen. It is permitted unto noble women to judge, to arbitrate and
decide matters, to do and take homage and fealty, to keep courts, and
minister Justice among their tenants. And for this purpose, the woman
may have servants of her own, as well as the man may: and a woman may be
 judge, yea among strangers. She may also give name to her family and
kindred: so that the children shall be named after their mother, and not
 after their father. ~Agrippa von Nettesheim, 1542
(source: Bodleian Library, Oxford University, STC 71:08)
Question: What do these passages say about the
status of women in Renaissance and Reformation Europe? Write 200 - 250
words explaining your reaction to these descriptions and what they tell
us about European women between 1200 and 1600
	

A company has $56,000 in cash; $12,000 in accounts receivable

Question
	

1. A company has $56,000 in cash; $12,000 in accounts receivable; $25,000 in short-term investments; and $100,000 in merchandise inventory. The company also has $60,000 in current liabilities. The company's quick ratio is
A. 3.217.
B. 1.550.
C. 0.933.
D. 1.133.
2. Patty's Baker has cost of goods sold for the years 2011, 2010, and 2009, respectively, of $28,600, $26,900, and $25,600. If 2009 is the base year, the trend percentage for 2011 is
A. 11.72%.
B. 111.72%.
C. 5.08%.
D. 105.08%.
3. If total assets are $6,000, what is the common-size figure of cash, assuming that cash has a balance of $2,400?
A. 100.0%
B. 40.0%
C. 120.0%
D. 60.0%
4. Operating cash flows affect
A. current assets and current liabilities.
B. equity accounts.
C. long-term liability accounts.
D. long-term asset accounts.
5. If current assets were $100,000 in 2009 and $88,000 in 2010, what was the amount of increase or decrease in percentage terms from 2009 to 2010? (Round to the nearest percent.)
A. Increase of 14%
B. Increase of 12%
C. Decrease of 12%
D. Decrease of 14%
6. Casey Company has an accounts receivable turnover of 36 days, an inventory turnover of 77 days, and an accounts payable turnover of 40 days. Casey's cash conversion cycle is _______ day(s).
A. 81
B. 1
C. 73
D. 153
7. Casey Company has 5,000 shares of treasury cost that it purchased for $13 per share. It later resold 2,000 of those shares for $17 per share. The amount to be credited to Paid-in Capital—Treasury Stock is
A. $30,000.
B. $8,000.
C. $34,000.
D. $26,000.
8. Isaiah Corporation's Accounts Receivable increased by $35,000, and its Accounts Payable decreased by $18,000. What is the net effect on cash from operations under the indirect method?
A. ?$18,000
B. ?$53,000
C. +$17,000
D. +$35,000
9. Operating expenses—other than depreciation—for the year were $335,000. Prepaid expenses decreased by $7,000. Cash payments for operating expenses to be reported on the cash flow statement using the direct method would be
A. $342,000. 
B. $328,000.
C. $7,000.
D. $335,000.
10. For vertical analysis purposes, the base item on the income statement is
A. net income.
B. total expenses.
C. gross profit.
D. net sales.
11. Casey Company has a $2,400 credit balance in Paid-In Capital— Treasury Stock. It sells 500 shares of treasury stock that the company reacquired at $21/share, for $18/share. After the transaction, what will the balance be in the Paid-In Capital in Excess of Par— Treasury account?
A. $900 credit B. $3,900 credit C. $900 debit D. $1,500 debit
12. Ryan Industries has an inventory turnover of 112 days, an accounts payable turnover of 73 days, and an accounts receivable turnover of 82 days. Ryan's cash conversion cycle is _______ days.
A. 43
B. 121
C. 9
D. 103
13. The Isaiah Corporation Stockholders' Equity section includes the following information:
Preferred Stock
Paid-in Capital in Excess of Par—Preferred Common Stock
Paid-in Capital in Excess of Par—Common Retained Earnings
$22,000 2,980 48,000 3,400 7,350
Total par value of the preferred and common stock is
A. $70,000.
B. $83,730.
C. $77,350.
D. $76,380.
14. Earnings that a stockholder receives from a corporation are an example of which stockholder right? A. Preemption
B. Liquidation
C. Dividends
D. Vote
15. Tammy Corporation has 350,000 shares of $3 par common stock outstanding. It has declared a 5% stock dividend. The current market price of the common stock is $7.50/share. The amount that will be debited to retained earnings on the date of declaration is
A. $78,750.
B. $131,250.
C. $52,500.
D. $183,750.
16. Accounts receivable amounted to $215,000 at the beginning of the year and $245,000 at the end of the year. Income reported on the income statement for the year was $300,000. The cash flow from operating activities on the cash flow statement using the indirect method is
A. $315,000.
B. $300,000.
C. $270,000.
D. $330,000.
17. What are the rate of return on stockholders' equity and the rate of return on common stockholders' equity (rounded to the nearest one-tenth of a percent) given the following information:
Net Income
Preferred Dividends
Common Stock
Common Stockholders’ Equity 1/1/2011 4,400,000 Total Stockholders’ Equity 1/1/2011 5,300,000 Total Stockholders’ Equity 12/31/2011 5,500,000
A. Return on Stockholders' Equity: 6.5 %; Return on Common Stockholders' Equity: 7.6%
B. Return on Stockholders' Equity: 7.8 %; Return on Common Stockholders' Equity: 8.9%
C. Return on Stockholders' Equity: 5.6 %; Return on Common Stockholders' Equity: 6.7% D. Return on Stockholders' Equity: 8.1 %; Return on Common Stockholders' Equity: 9.2% 
18. What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?
A. The rate of return can't be determined from the information given.
B. 26.4%
C. 22.7%
D. 86.0%
19. If you own 500 shares (2% of a corporation's stock) and the corporation issues 15,000 new shares, how many of the new shares can you purchase under preemptive right?
A. 0
B. 300
C. 500
D. 800
20. Which activities are computed differently using the two methods of formatting a statement of cash flows?
A. Operating activities
B. Both operating activities and investing activities
C. Investing activities
D. Financing activities
	

Google has invested $450 million + working capital of $50 million

Question
	

Google has invested $450 million + working capital of $50 million to convert an old paper mill in Hamina, Finland into a state-of-the-art data centre. The project has a lifespan of 10 years . The rationale for the investment is to increase capacity and position the company for a push into the cloud computing market where Amazon Web Services currently dominates.
1. Google’s sales of cloud computing services are $800 million in 2013. Sales revenue is expected to grow at 20 percent p.a. even without the new data centre.
2. It is expected that the Hamina data centre will add 3.50 percent p.a. to sales revenue. Therefore, in year 1 (2014) sales revenue would be $960 million without the new centre. With the new centre it will be 3.50 percent more, or $993.6 million. Note: this is different than simply increasing the growth rate of sales by 3.50 percent to make a total of 23.50 percent p.a. Don’t take my word for it, try it!
3. Wages are a variable cost. The data centre will employ 90 people in 2014. The wages cost will be $6,000,000 in 2014. Wages costs are expected to grow by 2 percent p.a. in each subsequent year.
4. Other variable costs associated with running the data centre will amount to $21,000,000 in 2014. These other variable costs will also grow at 2 percent p.a. in each subsequent year.
5. Fixed costs will amount to $2,000,000 in 2014. These are expected to grow by 3 percent p.a. in each subsequent year.
6. Further injections of working capital will be required in 2016 and 2019. $55,000,000 will be required in each of these years. All working capital is returned at the end of the project.
7. The depreciation rule that should be applied is ‘straight-line-to-zero’.
8. The taxation rate that should be applied throughout the analysis is the average corporate taxation rate in the United States. This is 25 percent.
9. If you record a negative EBIT in any given year, taxes should be set to $0.00 for that year.
10. The corporate finance team recommends a discount rate of 12.50 percent be used to evaluate the investment.
In Google’s assessment, the key to the project is the savings that it may be able to obtain on electricity. Data centres require a lot of electricity. In 2010, for example, Google consumed 2.26 terawatt hours of electricity (about the equivalent of annual usage of 200,000 households). In fact, in 2010, data centres run by companies like Microsoft, Amazon and Facebook were responsible for 1.5% of the world’s total electricity usage . Powering the internet consumes 10% of the world’s electricity each year . Google is a leader in renewable energy. 34% of its annual power consumption comes from renewable sources .
The data centre in Finland has a number of electricity saving features:
1. Finland has a moderate climate. Air conditioning is not usually necessary even on the hottest summer days . Of course, winter becomes very cold.
2. The facility in Hamina used to be a paper mill. When Google acquired it, the facility had a seawater intake tunnel taking in cold water from the Gulf of Finland. This now forms the heart of a seawater cooling system that further reduces the need for air conditioning units.
3. Usually, electricity usage suffers from ‘leakage’. Google’s data centre will run at 80% efficiency (only 20% ‘leakage’) versus an industry average of 40% (60% leakage) :
The standard measurement of data centre efficiency is called power usage effectiveness, or PUE. A perfect number is XXXXX meaning all the power drawn by the facility is put to use. Experts considered 2.0—indicating half the power is wasted—to be a reasonable number for a data centre. Google was getting an unprecedented 1.2.
3. The final efficiency feature takes advantage of the renewable energy initiatives that have been developed in many European countries over the past several decades in tandem with Scandinavia’s integrated electricity grid that connects countries like Finland with nearby Sweden. In particular, Google will access 72 MW p.a. of wind power from a facility in Sweden.
These efficiency measures translate into cash flows:
1. Google will save $48,000,000 in 2014 electricity generation costs by shifting capacity from existing data centres to Hamina. This saving is expected to grow by 11% per year. This comes from two sources. First, as electricity gradually becomes more expensive, the efficiencies become worth more in dollar terms. Second, the Finnish government will provide tax concessions for efficient electricity generation.
1. Use the financial information given below to compute a NPV and IRR for the investment in the Hamina data centre.
2. Perform a ‘sensitivity analysis’ on your results by reworking the NPV and IRR calculations across a range of operating cash flows: – 20 percent, – 10 percent, + 10 percent, + 20 percent of the original operating cash flow numbers .
3. Drawing on your initial analysis (point 1) and your sensitivity analysis (point 2), explain whether the project is likely to create market value for Google
	

Adweek Media/Harris Poll Problem

Question
	

Question 1:
An Adweek Media/Harris Poll revealed that 44% of U.S. adults in the 18-34 years category think that "Made in America" ads boost sales. A different Harris Interactive poll showed that 78% of U.S. adults in the 18-34 years category use social media online. Suppose that 85% of U.S. adults in the 18-34 years category think that "Made in America" ads boost sales or use social media online.
If a U.S. adult in the 18-34 years category is randomly selected
a. What is the probability that a person thinks that "Made America" ads boost sales and uses social media online?
b. What is the probability that the person thinks that "Made in America" ads boot sales given that the person does not use social media online?
Question 2:
According to a report by Scarborough Research, the average monthly household cellular phone bill is $73. Suppose local monthly household cell phone bill are normally distributed with a standard deviation of $11.35
a. What is the probability that a randomly selected monthly cell phone bill is more than $100?
b. What is the probability that a randomly selected monthly cell phone bill is between $60 and $83?
c. What is the probability that a randomly selected monthly cell phone bill is between $80 and $90?
d. What is the probability that a randomly selected monthly cell phone bill is no more than $55?
Question 3:
A Travel Weekly International Air Transport Association survey asked business travelers about the purpose of their most recent business trip. 19% responded that it was for an internal company visit. Suppose 950 business travelers are randomly selected.
a. What is the probability that more than 25% of the business travelers say that the reason for their most recent trip was an internal company visit?
b. What is the probability that between 15% and 20% of the business travelers say that the reason for their most recent business trip was an internal company visit?
c. What is the probability that between 133 and 171 of the business travelers say that the reason for their most recent business trip was an internal company visit?
	

Name Activity 3.6 – Research: Analysis Short Paper Exercise

Question
	Research the key terms “Applications Software”, “Application Design”, “Software Design”; find a journal publication pertaining to the subject, and write a 1-2 pages APA format report, summarizing the paper. Make sure to use references. The last section of your paper should be titled “Author Reflection”, and it should reflect why you selected that particular publication and your critique of the publication examined.
	

LAW Misc. Multiple Choice Questions

Question
	

1. The policing function falls under which branch of government in the United States? (Points : 5)
2. The ________ is an approach that views behavior from a “rule-based” philosophy, in that the law is paramount, and it is a guide for behavior that everyone must follow. (Points : 5)
3. In the eighteenth century B.C., the Babylonian Empire had adopted an extensive legal code that contained some 282 regulations, and it was called: (Points : 5)

4. The system of government known as a(an) _______ consists of an upper class supported by a military force, and it is often defined as “rule of the few.” 
(Points : 5)
5. A form of policing that appeared in the 1790s in which citizens took control over areas where law enforcement was ineffective or did not exist was called: (Points : 5)

6. What agency was formed during themid-1800s, an agency formed to protect investigate railroad criminal activity, and protect their assets from criminals, disgruntled employees, and competitors? (Points : 5)
7. When two or more law enforcement agencies from the same or different levels of government have the authority to respond to and investigate criminal complaints, it is called: (Points : 5)
8. All of these are federal law enforcement agencies except:
(Points : 5)
9. The number of individuals that one person directly supervises or who otherwise directly report to that person is that person’s: (Points : 5)
10. The contingency theory perspective recognizes multiple factors within the organization; and decisions are “dependent upon” and “subject to” the evaluation and interaction of what main four factors? (Points : 5)
11. Confusion and frustration encountered by officers brought on by competing and sometimes opposite values and expectations experienced while performing their jobs tasks is called (Points : 5)
12. Which of the domains refers to acquiring new knowledge, understanding, and thinking skills. Learning in this domain includes remembering the definitions of crimes, translating legal terms so that others can understand them, and evaluating a given situation when given certain facts and making a decision based on those facts and your knowledge of the law. (Points : 5)
13. When taking a polygraph examination, which part of thescientifically calibrated instrument records physiological changes in respiration? (Points : 5)
14. There has been attention to greater care and emphasis on the selection and training of Field Training Officers in order to overcome what problem defined as the process of transforming the highly motivated, idealistic recruit to one that is disillusioned and distrustful? (Points : 5)
15. Which amendment to the US Constitution made portions of the Bill of Rights applicable to the states? (Points : 5)
16. Michael Lipsky (1980), a respected scholar and observer of government, noted that police officers are really administrative agents empowered with wide discretion and charged with carrying out the public policies of government. They are, in his now famous words: (Points : 5)
17. Which agency of the Justice Department is responsible for coordinating and facilitating the transfer of technology from the Department of Defense to the Department of Justice? (Points : 5)
18. What new program developed by Department of Homeland Security provides a systematic, proactive approach to guide departments and agencies at all levels of government, nongovernmental organizations, and the private sector to work seamlessly to prevent, protect against, respond to, recover from, and mitigate the effects of incidents in order to reduce the loss of life and property and harm to the environment? (Points : 5)
19. What was the main purpose behind the Kansas City Study in the early 1970’s (Points : 5)
20. While few localities expect to witness events of the magnitude of September 11, events in one part of the country now affect other parts of the country because of what 2 factors? (Points : 5)

	

MODULE 7 Application Assignments

Question
	
MODULE 7 Application Assignments

Question 1: Before the change of ownership, the company was encouraging its customers to reduce private labeling as a way to reduce cost of goods sold. Explore the distribution of customers by company sales. Does the distribution of customers (private label, brand label, or both) differ from what one would expect by chance? 
1.Run a chi square goodness of fit using purchase type as the variable with "all categories equal".
2.Report the observed and expected values and the tests of statistical significance.
Question 2: Run a chi square goodness of fit using purchase type as the variable with "all categories unequal" for the expected value.
1. Run a chi square goodness of fit using purchase type as the variable with 12, 26, and 12 as the expected values.
2. Report the observed and expected values and the tests of statistical significance.
Question 3: Is there a relationship between the type of purchasing and the structure of procurement?
1. Run chi-square independence test (crosstabs) using type of purchasing in the rows and structure of procurement in the column.
2. Use the chi square and the phi coefficient to evaluate the relationship and statistical significance.
3. Report the observed and expected values and the tests of statistical significance.
	

In a situation where conditions don’t allow you to make a fixed-dollar bid

Question
	

1.In a situation where conditions don't allow you to make a fixed-dollar bid, you should
2. When estimating on a computer, what percentage of the total material cost should you add to cover tools, such as ladders, cords, and screw guns?
3. Which of the following would be the most professional way to handle changes made in the blueprints after the contract was signed?
4. Refer to Table 1. What's the weighted labor rate per hour without fringes?
5. Which of the following does not need to be considered when deciding on the cost of a job?
6. After developing your bid, you need to create a proposal that states what you'll be responsible for and what costs are included in the bid. Which of the following does not need to be included in the proposal?
7. Using the electrical estimating workbook, what's the cost of purchasing and installing a meter/main combo if the cost of labor is $35 per labor unit?
8. As you increase your job experience, the time needed to complete a particular job decreases. To decrease your time in completing a specific job from 40 minutes to 30 minutes, you'll most likely have to repeat a job
9. Many labor-related tasks are considered when developing a labor-unit count for a job. A portion of the labor-unit total includes
10. To develop an accurate bill-of-materials, you should count and measure each individual symbol on the blueprints. This process is called
11. When estimating a job's labor costs, you should make allowances for
12. You're figuring out the bid for a job that includes installing a device you've never installed before. To get an accurate and competitive bid for this installation, you should
13. When developing a bid for wiring a new building that contains 17 floors with the same basic wiring layout, you need to
14. After a bid is made, the rise in price of a certain type of material can be recovered if allowance was made in the _______ section of the bid.
15. A job that contains an expected 75 hours of labor should have a profit margin of at least
16. Based on the information in Table 2, what would be the cost of purchasing and installing the 12 fixtures if the cost of a labor-unit is $15?
17. What part of the bid would cover the cost of a nonproductive manager's pay?
18. To keep track of individual jobs you would use a(n) _______ Worksheet.

	

Misc. Accounting MCQs

Question
	

1. The financial statements submitted by a corporation to the SEC include the auditor's report. The auditor's report:
interprets the financial performance of the corporation.
certifies that the financial statements are completely accurate.
confirms that the financial information is prepared in conformity with generally accepted accounting principles.
publishes the salaries of all of the officers of the corporation.

2. Assume that a firm has the following information in its analysis of its business transactions during its first year of business: fees income of $7,000, an investment by the owner of $5,000, salaries expenses of $4,000, and withdrawals of $2,000. What is the total amount of owner's equity that will be reported on the firm's balance sheet?
$3,000
$6,000
$9,000

3. When J. Simmons, the owner, invests in her business, the transaction would be entered on the
right side of the J. Simmons, Capital T account.
left side of the J. Simmons, Capital T account.
right side of the Cash T account.
left side of the J. Simmons, Capital T account and the right side of the Cash T account.

4. The Net Income amount from the Income Statement is used as a line item on which statement?
The balance sheet
The statement of owner's equity
The statement of financial position
The trial balance
5. A firm purchased telephone equipment for cash. By mistake, the person who recorded the transaction debited Utilities Expense instead of Office Equipment. The error was discovered after the data posted. The correcting entry should contain
a debit to Utilities Expense and a credit to Cash.
a debit to Office Equipment and a credit to Cash.
a debit to Cash and a credit to Office Equipment.
a debit to Office Equipment and a credit to Utilities Expense.

6. If an adjusting entry relating to prepaid insurance is not entered onto the worksheet, assets on the balance sheet
will be overstated.
will be understated.
will not be affected.
may be either overstated or understated.

7. After all account balances have been transferred from the Adjusted Trial Balance section of the worksheet to the financial statement sections, the Income Statement section of the worksheet includes the following totals. The Credit column total is $120,000 and the total of the Debit column is $80,000. The Income Statement section of the worksheet
is now complete.
would be completed by entering $40,000 in the Credit column with the words "Net Income" in the Account Name column.
would be completed by entering $40,000 in the Debit column with the words "Net Income" in the Account Name column.
must have been completed in error since the two columns do not balance.

8. Which of the following statements about the interpretation of the financial statements is not correct?
Interpreting the financial statements can only be performed by auditors.
Interpreting the financial statements is the final step in the accounting cycle.
To interpret the financial statements means to understand and explain the meaning and importance of information in accounting reports.
All of the above statements are correct.

9. One purpose of closing entries is to
reduce the owner's capital account balance to zero so that the account is ready for the next period.
transfer the results of operations to owner's equity.
close all accounts so that the ledger is ready for the next accounting period.
adjust the ledger account balances to provide complete and accurate figures for use on financial statements.
10. The schedule of accounts payable is prepared from the
general journal.
receiving report.
general ledger.
accounts payable subsidiary ledger.
None of the above.

11. An employee whose regular hourly rate is $10 and whose overtime rate is 1.5 times the regular rate worked 44 hours in one week. In the payroll register, the employer should record an overtime premium of
$440.
$220.
$20.
$5.
12. On May 1, 2010, a firm purchased a 1-year insurance policy for $3,600 and paid the full premium in advance. The insurance expense associated with this policy for 2010 is
$3,600.
$2,400.
$2,100.
$1,200.
13. Which of the following statements is not correct?
Reversing entries are made to reverse the effect of certain adjustments.
Reversing entries provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.
A reversing entry is the exact opposite (the reverse) of the adjustment.
After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance.

14. The Posting Reference column of a journal is used to
record the page number of the ledger account.
record the date on which an amount is posted to a ledger account.
record the number of the ledger account to which the information is posted.
record the source document for the transaction.

15. On a worksheet, the adjusting entry to account for depreciation of equipment consists of a
debit to Depreciation Expense and a credit to Equipment.
debit to Depreciation Expense and a credit to Accumulated Depreciation.
debit to Equipment and a credit to Accumulated Depreciation.
debit to Accumulated Depreciation and a credit to Equipment.

16. Connor Company sells merchandise for $2,000 on account to Market Industries on January 21, at 1/10, n/30, Invoice 190. Market returns $200 of the merchandise on January 23, receiving credit memorandum 120 from Connor. What amount would Market pay if they submit payment on January 29?
$1,980.
$1,782.
$1,800.
$1,780.
17. A financial instrument whose ownership can be transferred to another person or business is best described as:
Bonding.
Negotiable.
A restrictive endorsement.
A statement of account.
18. Employees' payments for federal income taxes withheld and social security and Medicare taxes are periodically
sent directly to the Internal Revenue Service.
deposited in a special-purpose bank account, controlled by the company, until year-end when the funds are sent to the U.S. Treasury Department.
sent to the local office of the Internal Revenue Service.
deposited in a government-authorized financial institution.
19. A publishing company publishes a monthly magazine. At the end of the year, the Unearned Subscription Income account had a balance of $150,000. During the year, $100,000 of magazines were delivered and income was earned. After the adjusting entry to recognize income is recorded, the Unearned Subscription Income account will have a
debit balance of $50,000.
credit balance of $50,000.
debit balance of $100,000.
credit balance of $250,000.

	

Project Management Multiple Choice Questions

Question
	

1 
Question: The group that provides raw materials or resources that the project team needs to complete the project is 

A Top management

B Intervenor groups

C Suppliers

D Functional managers

2 
Question: The Liberal Arts faculty failed to see the reason that every professor on campus would not make exactly the same amount of money, arguing that every person is of equal value. The business facultProject Management Multiple Choice Questionsy relied on the laws of supply and demand and market forces to guide their wages and couldn't fathom why their counterparts could be such dunderheads. The source of conflict between these two groups is 

A Differentiation

B Scarce resources

C Uncertainty

D Reward systems

3 
Question: A checklist screening model does not consider 

A The riskiness of the new venture

B Governmental or stakeholder interference

C Whether one criterion is more important than another

D Product durability and future market potential of the product line

4 
Question: Scope management for a project begins with 

A A statement of goals

B A configuration statement

C A work package

D An organization breakdown structure

5 
Question: Client interest is typically at its lowest during the 

A Termination phase

B Planning phase

C Execution phase

D Conceptualization phase

6 
Question: The probability that a project will overrun its allocated duration is 

A Integration risk

B Schedule risk

C Price market risk

D Volume market risk

7 
Question: The probability that project revenues will not be sufficient to repay the debts is 

A Financial risk

B Promotion risk

C Market risk

D Cost estimate risk

8 
Question: The statement of work should contain 

A A brief and general description of the work to be performed

B Expected project outcomes

C Information on the key objectives for the project

D All of these are elements of a statement of work

9 
: A priori consideration of information needs is performed 

A Several years after a project is completed

B At the start of a project

C During the project

D Before a project begins

10 
Question: Michael wants to carry out his mentor's long-range strategic vision of expanding the company's customer base by entering the casino business in Las Vegas. He issues a series of memos that explain the importance of these projects and makes sure that all necessary resources are at the disposal of the project management team, which is fortunate to have such a(n) 

A Entrepreneur

B Creative originator at the helm

C Project manager

D Godfather

11 
Question: A project screening criterion that allows the company to compare long-term vs. short-term projects, projects with different technologies, and projects with different commercial objectives is 

A Capability

B Realistic

C Flexibility

D Ease of use

12 
Question: The authentic atmosphere that is vital for a project manager and team to function in can be described as 

A Exchange of purpose

B A right to say no

C Absolute honesty

D Joint accountability

13 
Question: Project management is first and foremost 

A A customer service challenge

B A perception management challenge

C A budget management challenge

D A people management challenge

14 
Question: Cletus thought they were draining the swamp, but Ace was convinced they were better off building a bridge across it. Their project team was doomed to failure owing to their 

A Unclear goals

B Poorly defined team interdependencies

C Lack of motivation

D Poorly defined team roles

15 
Question: Which statement about stakeholders is best? 

A Stakeholders can potentially impact project development

B Stakeholders are external to a company

C By definition, clients are not stakeholders, they are customers

D Stakeholders wield considerable power

16 
Question: Which statement regarding project selection is best? 

A Every decision model has both objective and subjective factors

B Before selecting any project, the team should identify all the relevant issues that play a role in project selection

C Organizational reality can be perfectly captured by most decision-making models

D Decision models must contain either objective or subjective factors

17 
Question: One practical step that should be taken in order for an organization to begin developing a core of project management professionals is to 

A Review instances where projects were poorly managed

B Fire the unprofessional project managers

C Formalize the organization's commitment with training programs

D Hire professional project managers

18 
Question: The simple scoring model has this advantage over a checklist model for screening projects. 

A Scaling models allow decision makers to treat one criterion as more important than another

B Scaling models ensure a reasonable link between the selected and weighted criteria and the business objectives that motivated their selection

C Scaling models have been proven to make correct decisions better than 95 percent of the time while checklists only achieve 80 percent accuracy

D Scaling from 1 to 5 is extremely accurate

19 
Question: A strategic element that contains formally titled initiatives such as the Customer Survey Project, the Small Business Alliance Project, and the Employee Relations Project is most likely a 

A Mission

B Program

C Strategy

D Goal

20 
Question: A matrix organization for project management has a distinct advantage because 

A Dual hierarchies mean two bosses

B Workers must reconcile competing project and functional demands

C A significant amount of time is spent negotiating the sharing of critical resources

D Project importance is enhanced by setting authority equal to that of functional departments

21 
Question: In the case of projects developed for external clients, work authorization typically addresses 

A Audit trail establishment

B Budget linkage

C Contractual obligations

D Resource requirements

22 
Question: The construction foreman posted a large sign requiring all worksite visitors to don a hard hat and safety glasses. He also purchased copious quantities of both items and made them readily available at the entrance. The foreman is engaged in 

A Analysis of probability and consequences

B Risk mitigation

C Risk identification

D Control and documentation

23 
Question: A business reality that makes effective project management critical is the fact that 

A Product launch windows are widening

B Product life cycles are compressing

C Products are becoming increasingly simple

D Inflation is rampant

24 
Question: The first step in the Analytical Hierarchy Process 

A Requires "Saatyfication" of the team members

B Requires supporting requirements to be combined into Level II challenges

C Is analyzing the process you intend to improve before undertaking any improvement project

D Consists of constructing a hierarchy of criteria and subcriteria

25 
Question: Projects are often underfunded in the concept stage because 

A There is complete trust in project managers by top management, so more resources can be asked for at any time

B The project requirements were deliberately understated

C The project's goals are too clearly defined

D The project's top management sponsor is too influential

26 
Question: Organizational structure identifies the grouping of individuals into 

A Organizations

B Silos

C Departments

D Companies


27 
Question: You have agreed to paint your neighbor's house a lovely shade of chartreuse for $1,500 and discover, much to your dismay, that the house has a second floor. Now you're faced with the prospect of buying a ladder or scaffolding or a really long handled brush, not to mention the 15 more gallons of paint that will be needed to cover. You won't get another penny for what will surely be increased efforts since your neighbor transferred risk with a(n) 

A Cost-plus contract

B Contingency reserve

C Inflation clause

D Fixed price contract

28 
Question: A splendid way to improve the efficiency and effectiveness of virtual teams is to 

A Mandate audio and video in all electronic communication

B Use email most of the time, since the printed word is rarely misinterpreted

C Restrict team members to audio communication

D Have them meet face to face

29 
Question: The degree of innovation and creativity is typically at its highest during the 

A Execution phase

B Termination phase

C Conceptualization phase

D Planning phase

30 
Question: The degree of risk associated with the project is typically at its highest during the 

A Conceptualization phase

B Planning phase

C Execution phase

D Termination phase

31 
Question: Even though he was an assistant director with the county, Keith loosened his tie and waded into the raw, untreated sewage with the rest of the project team. As they stood there together in the quagmire of mud and feces, the team members found Keith less intimidating and his 

A Task orientation was at an all-time high. Surely the cross-functional cooperation of the team would soon peak

B Proximity was at an all-time high. Surely the cross-functional cooperation of the team would soon peak

C Equanimity was at an all-time high. Surely the cross-functional cooperation of the team would soon peak

D Accessibility was at an all-time high. Surely the cross-functional cooperation of the team would soon peak

32 
Question: Which of the following is accomplished through project management? 

A A software developer creates a new crash-proof operating system

B A retailer restocks the shelves after a day of brisk sales

C An automotive manufacturer produces a day's quota of vehicles

D A cellular phone company activates a new customer's service

33 
Question: Project penalty clauses that initiate at mutually agreed-on points in the project's development and implementation are 

A Liquidated damages

B Penalty points

C Contingency clauses

D Milestone adjustments

34 
Question: Which statement about conceptual development is best? 

A Project goals should be optimistic to the point of excess

B A project goal of "significantly increase computer performance" is better than "improve processing speed 20 percent" because the team may exceed 20 percent

C Conceptual development begins with the process of reducing the project's overall complexity to a more basic level

D It is vital that a best approach to solving a problem be locked in as soon as possible to save analysis time downstream


35 
Question: The project team's office needed a revolving door to facilitate the influx and outflow of personnel. Team members needed name tags to keep track of who was who and what their duties were. The project was jeopardized by 

A Poor communication among team members

B Poor leadership

C Lack of team motivation

D High turnover