BUS 475 Week 4 Knowledge Check

UOP Course Tutorial

1. A fast-food restaurant asks customers to evaluate the drive-thru service as

good, average, or poor. What level of data measurement is this classification?

Nominal

Ordinal

Interval

Ratio

2. In order to determine the average amount spent in November on Amazon.com

a random sample of 144 Amazon accounts were selected. The sample mean
amount spent in November was $250 with a standard deviation of $25. Assuming
that the population standard deviation is unknown, what is a 95% confidence
interval for the population mean amount spent on Amazon.com in November?

($245.88, $254.12)

($247.47, $260.09)

($250.64, $256.92)

($251.34, $256.22)

To download the complete paper click

BUS 475 Week 4 Knowledge Check

3. A shipment of 20 DVDs has arrived at a video rental store. Based on past

experience, the manager knows that 10% of all new DVDs sent to the store have
a visible defect. The manager tells you to begin inspecting the new DVDs one at
a time at random until you find the first DVD that has a defect. If 10% of the DVDs
have a visible defect in the new shipment, what is the probability that the first
DVD that has a defect is the 3rd one that you inspect? (Round your answer to 3
decimal places.)

.081

.268

.089

.716

4. An insurance agent has selected a sample of drivers that she insures whose
ages are in the range from 1642 years old. For each driver, she records the age
of the driver and the dollar amount of claims that the driver filed in the previous
12 months. A scatterplot showing the dollar amount of claims as the response
variable and the age as the predictor shows a linear regression line with:
y^=3710 55.4x. If the age of a driver increases by 1 year, by how much and in

what direction would the dollar amount of claims be predicted to change for the
driver?

Increase by 55.4 dollars

Decrease by 55.4 dollars

Increase by 3710 dollars

Increase by 3,654.6 dollars

5. A researcher claims that the proportion of employees who play video games
in the workplace is higher than it was 10 years ago. You might be willing to
reject the null hypothesis of no change with a = 0.10 or larger. The p-value for
this test is 0.15. In this case the researcher should

not reject the null hypothesis

reject the null hypothesis

continue with further testing because the result is inconclusive

change the testing from nonparametric to parametric

6. The general plan of major actions through which a firm intends to achieve is
long-term objectives is called its

corporate plan

long-term goal

grand strategy

mission

Find the final exam answers here

BUS 475 Week 1 Knowledge

7. How valuable a low-cost leader's cost advantage is depends on

whether it is easy or inexpensive for rivals to copy the low-cost leader's methods
or otherwise match its low costs

how easy it is for the low-cost leader to gain the biggest market share

the aggressiveness with which the low-cost leader pursues converting the cost
advantage into the absolute lowest possible costs

the leader's ability to combine the cost advantage with a reputation for good
quality

8. Which of the following represent marketing capabilities at the growth stage of

industry evolution?

Skills in aggressively promoting products to new markets and holding existing

markets and pricing flexibility

Ability to establish brand recognition, find niche, reduce price, solidity strong
distribution relations and develop new channels

Cost effective means of efficient access to selected channels and markets and
strong customer loyalty or dependence

Resources or skills to create widespread awareness and find acceptance from

customers; advantageous access to distribution

9. __________ is an organization structured around the idea of sharing

knowledge, seeking knowledge, and creating opportunities to create new
knowledge.

A global company

A modular organization

An ambidextrous organization

A learning organization

10. Which of the following types of strategic control has a low degree of
formalization?

Special alert control

Implementation control

Strategic surveillance

Premise control

Complete Answers just a click away BUS 475 Week 4 Knowledge Check

11. Investors and creditors are particularly interested in this financial statement
because it tells them what is happening to the companys most important
resource?

Statement of cash flows

Income statement

Retained earnings statement

Balance sheet

12. The cash basis of accounting is prohibited under GAAP for the following
reason:

It divides the economic life of a business into artificial time frames.

It violates the revenue recognition principle and the expense recognition

principle.

It fails to provide for adjusting entries.

It records revenues only in the time period in which they are received.

13. Use the following data to determine the total dollar amount of assets to be
classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet
December 31, 2014 Cash $84,000 Accounts payable $110,000 Accounts
receivable $80,000 Salaries and wages payable $20,000 Inventory $140,000
Mortgage payable $180,000 Prepaid insurance $60,000 Total liabilities $310,000
Stock investments $170,000 Land $190,000 Buildings $226,000 Common stock
$240,000 Less: Accumulated Retained earnings $500,000 depreciation ($40,000)
$186,000 Total stockholders equity $740,000 Trademarks $140,000 Total
liabilities and Total assets $1,050,000 Stockholders equity $1,050,000

$686,000

$516,000

$556,000

$376,000
Download now BUS 475 Entire Course

14. The manager of Weiser is given a bonus based on net income before taxes.
The net income after taxes is $35,700 for FIFO and $29,400 for LIFO. The tax rate
is 30%. The bonus rate is 20%. How much higher is the manager's bonus if FIFO
is adopted instead of LIFO?

$9,000

$12,600

$1,800

$6,300

15. The SarbanesOxley Act of 2002 requires publicly traded U.S. companies to
take the following actions to defect and prevent fraud:

Adopt accrual basis of accounting, maintain an adequate system of internal

controls, and create penalties for noncompliance

Maintain an adequate system of internal controls, ensure that internal controls

are reliable and effective, and hire independent auditors to attest adequacy of
internal controls

Ensure internal controls are reliable and effective, corporate executives must
independently review internal controls, and submit all financial statements to the
Public

Company Accounting Oversight Board

Maintain an adequate system of internal controls, provide additional training to

managers and accountants regarding internal controls, and publish internal
controls on the companys public website

To download the complete answer check

BUS 475 Complete answer

16. On July 1, 2014, Linden Company purchased the copyright to Norman

Computer Tutorials for $140,000. It is estimated that the copyright will have a
useful life of 5 years. The amount of amortization expense recognized for the
year 2014 would be

$28,000

$13,125

$25,900

$14,000

17.ABC Corp. receives a 7-month interest-bearing promissory note in the

amount of $360,000 on February 1. The interest rate is 15%. What is the total
interest expense ABC Corp will record assuming ABC makes all of its
payments?

$54,000

$31,500

$4,500

$36,000

18. Logan Corporation issues 50,000 shares of $50 par value preferred stock for
cash at $60 per share. The entry to record the transaction will consist of a debit
to cash for $3,000,000 and a credit or credits to

preferred stock of $3,000,000

preferred stock for $2,500,000 and paid-in capital in excess of par value
preferred stock for $500,000

preferred stock for $2,500,000 and retained earnings for $500,000

paid-in capital from preferred stock for $3,000,000

Click here to download Complete Answers of BUS 475 Entire Course

19. Which of the following tools of analysis is used to evaluate financial

statement information by expressing financial statement data as a percentage
over a base amount?

Vertical analysis

Horizontal analysis

Ratio analysis

Industry averages

20.The SarbanesOxley Act of 2002 requires publically-traded U.S. companies to

provide great internal controls. The five primary components of an internal
control system include: a control environment, risk assessment, information and
communication, monitoring, and

Establishment of responsibility

Segregation of duties

Control activities

Human resource controls

About Author

This article covers the topic for the University Of Phoenix

. BUS 475 Week 4 Knowledge Check The author is working in the field of education
from last 5 years. This article covers the basic of
BUS 475 Complete Assignment from UOP. Other topics in the class are as follows:

BUS 475 Week 1 Knowledge Check

BUS 475 Week 2 Knowledge Check
BUS 475 Week 4 Knowledge Check

Want to check other classes..?? Visit: www.transwebetutors.com