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APEA AANP Review Practice Exam Question Bank.docx

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Gestational diabetes screening occurs between what weeks gestation?>>> 24-48 When you ask the patient to take a deep breath in and then palpate over the RUQ abdomen. Positive when pain is elicited. This is a sign of ___________.>>> Murphy's sign; cholecystitis What are names of ...

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  • September 12, 2023
  • 57
  • 2023/2024
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Practice Exam Question Bank

Which survey method is the most expensive?



A) Telephone

B) Mail

C) Personal

D) Internet>>> C) Personal

In 2011 online retail sales are expected to reach 400 billion dollars.



-True

-False>>> False

The Internet is a useful tool to access information but is generally not a good vehicle for
marketing goods and services.



-True

-False>>> False

Sole proprietorships:



A) have no time limit on how long they may exist.

B) are perpetual.

C) continue even upon the death of the owner.

D) allow a member of the deceased partner's family take over as a partner.>>> A) have no time
limit on how long they may exist.

The _______ imposes oversight responsibilities on members of the board of directors.

,A) Social Security Act

B) Fair Labor Practices Act

C) Taft-Hartley Act

D) Sarbanes-Oxley>>> D) Sarbanes-Oxley

The marketing plan is not meant to be a commitment by the entrepreneur to a specific strategy.



-True

-False>>> False

Cash flow is the same thing as profit.



-True

-False>>> False

______ control compares the cost figures estimated in the business plan with actual day-to-day
operations costs.



A) Production

B) Sales

C) Inventory

D) Costs>>> A) Production

_______ have unlimited liability for the actions of the business.



A) Limited liability company members

B) Corporate shareholders

C) General partners

,D) Limited partners>>> C) General partners

The part of the plan that describes the location and size of the business, the personnel and office
equipment that will be needed, and the history of the venture is called the:



A) organizational plan.

B) description of the venture.

C) production plan.

D) executive summary.>>> B) description of the venture.

The ______ patent is granted for a 14-year term.



A) utility

B) design

C) plant

D) procedure>>> B) design

_________ is (are) added back to the pro forma sources and applications of funds statement
because it does not represent an out-of-pocket expense.



A) Inventory

B) Depreciation

C) Dividends

D) Equipment purchases>>> B) Depreciation

Which type of ownership is the least expensive to start?



A) Corporation

B) General partnership

C) Limited partner

, D) Sole proprietorship>>> D) Sole proprietorship

To assess the potential profitability of a venture, the entrepreneur needs to ascertain expected
sales and expense figures for the first:



A) month.

B) year.

C) quarter.

D) three years.>>> B) year.

A patent is a contract between the government and an inventor.



-True

-False>>> True

Entrepreneurs, because of their lack of understanding of intellectual property, ignore important
steps that they should have taken to protect these assets.



-True

-False>>> True

In an S corporation:



A) gains or losses of the business are separate from the personal income of the shareholder.

B) shareholders retain unlimited liability.

C) only one class of stock is permitted.

D) most fringe benefits for shareholders can be deducted.>>> A) gains or losses of the business
are separate from the personal income of the shareholder.

Method Products, Inc. is expected to surpass $110 million in sales in 2011.

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