Exam (elaborations)
RSM100 quiz2 extra study Questions & answers
RSM100 quiz2 extra study Questions & answers
[Show more]
Content preview
RSM100 quiz2 extra studyGAAP - ANS-Generally Accepted Accounting Principles. The standards and rules that
accountants follow while recording and reporting financial activities.
Oligopoly - ANS-a state of limited competition, in which a market is shared by a small
number of producers or sellers. High startup costs act as barriers to entry
Statement of changes in equity - ANS-A record of the change in equity from the end of
one fiscal period to the end of the next fiscal period.
multidomestic business strategy - ANS-developing and marketing products to serve
different needs and tastes of separate national markets
Foreign licensing agreement - ANS-An international agreement in which one firm allows
another firm to produce or sell its product, or use its trademark, patent, or manufacturing
processes, in a specific geographical area in return for royalties or other compensation.
Companies use Six Sigma programs to achieve ______ goals. - ANS-quality
computer-aided design (CAD) - ANS-the use of computers in the design of products
conglomerate merger - ANS-A merger that combines unrelated firms usually with the
goal of diversification, increasing sales, or spending a cash surplus to avoid a takeover
attempt.
divestiture - ANS-The sale of assets by a firm.
Materials Requirement Planning (MRP) - ANS-A computer-based production planning
system that ensures a firm has all the parts and materials it needs to produce its output
at the right time and place and in the right amounts.
corporate philanthropy - ANS-An organization's contribution to the communities where it
earns profits.
computer-aided manufacturing (CAM) - ANS-A computer tool that a manufacturer uses
to analyze CAD output and the steps that a machine must take to produce a needed
product or part.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EXAMQA. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$11.15. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79789 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now