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COB 241 Test 1 Ch 1-3 Questions & Answers 2024/2025

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COB 241 Test 1 Ch 1-3 Questions & Answers 2024/2025 Managerial Accounting - ANSWERSInternal; decision making for the business Financial Accounting - ANSWERSExternal; makes decisions on what business' are best to invest in Financial Accounting Standards Board(FASB) - ANSWERSa privately funded organization with the primary authority for establishing accounting standards for the United States Generally Accepted Accounting Principles (GAAP) - ANSWERSthe measurement rules established...

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COB 241 EXAM 1 QUESTIONS & ANSWERS 2024/2025

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COB 241 EXAM 1 QUESTIONS & ANSWERS 2024/2025

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COB 241 TEST 1 QUESTIONS WITH COMPLETE SOLUTIONS 2024/2025

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COB 241 TEST 1 QUESTIONS WITH COMPLETE SOLUTIONS 2024/2025 Accounting - ANSWERSinformation system that reports on the economic activities and financial condition of a business or other organization Market - ANSWERSgroup of people or entities organized to exchange items of value Profit/Income/Earnings - ANSWERSadded value created in the transformation process Financial Resources - ANSWERSmoney Investors - ANSWERSprovide money in exchange for ownership interest in businesses Cr...

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COB 241 financial statements exam questions & answers 2024/2025

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COB 241 financial statements exam questions & answers 2024/2025 Components of an Income statement - ANSWERSCompany Name "Income statement" for the period ended Revenue/Sales (COGS) =Gross Margin Operating expenses: List all operating expenses (total operating expense) Operating Income Non-operating Revenues/Expenses Total Non-operating Net income All possible Operating expenses - ANSWERSDepreciation expense Supplies expense Rent expense Utilities expense Sal...

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COB 300 Operations Final Exam Questions with 100% Correct Answers

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COB 300 Operations Final Exam Questions with 100% Correct Answers Explain system design vs. system operations decisions - ANSWERSDesign - require long term commitment, usually strategic decisions Operations - tactical and operational decisions, spend more time on it than any other decision area Whats an environmental concern for business operations? - ANSWERSSustainability - using resources in ways that do not harm ecological systems What comes first? Mass production or mass customi...

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COB 204 Exam 1 Questions & Answers 2024/2025

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COB 204 Exam 1 Questions & Answers 2024/2025 Moore's Law - ANSWERSthe number of transistors per square inch on a chip doubles every 18 months Abstract Reasoning - ANSWERSthe ability to make and manipulate models Collaboration - ANSWERSactivity of two or more people working together to achive a common goal Systems Thinking - ANSWERSability to model the components of the system Experimentation - ANSWERSmaking areasoned analysis of an oportunity, developing most promising soluti...

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COB 291 Exam 1 Questions & Answers 2024/2025

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COB 291 Exam 1 Questions & Answers 2024/2025

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COB 202 Final Exam Questions & Answers 2024/2025

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COB 202 Final Exam Questions & Answers 2024/2025 Conflict - ANSWERSa process in which one party perceives that its interests are being opposed or negatively affected by another party Task Conflict - ANSWERSa type of conflict in which people focus their discussion around the issue while showing respect for people who have other points of view Relationship conflict - ANSWERSa type of conflict in which people focus on characteristics of other individuals, rather than on the issues, as th...

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COB 191 final exam questions & answers 2024/2025

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COB 191 final exam questions & answers 2024/2025 qualitative data - ANSWERSdescriptive terms quantitative data - ANSWERSdescribed by numeric values qualitative data classifications - ANSWERSnominal and ordinal quantitative data classifications - ANSWERSinterval and ratio nominal - ANSWERSclassifies data into distinct basic levels with no ranking implied ordinal - ANSWERSclassifies data into distinct basic levels where ranking is implied interval - ANSWERSdata can be meanin...

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COB 242 Exam 1 Questions & Answers 2024/2025

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COB 242 Exam 1 Questions & Answers 2024/2025

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