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BEC CPA EXAM REVIEW QUESTIONS AND ANSWERS 2024 Demand Curve Shift Upward (direct relationship-positive shift) The price of substitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis strengths, weaknesses, opportunities, threats Three common measures of price inflation: 1. The Consumer Price I...

BEC CPA, CPA (BEC) - COMBINED QUESTIONS AND ANSWERS A+ CREDITED Principals-based approach of COSO framework Management judgment 3 objectives of COSO R-reporting objectives (reliability, timeliness, transparency) O-operating objectives (effectiveness and efficiency) C-compliance objectives (adhering to laws and regulations) 5 Components of COSO Framework 1. Control Environment 2. Risk Assessment 3. Control Activities 4. Information and Communication 5. Monitoring Contro...

Business Management Exam Set Questions and Answers 2024 Management Exam 2 MGMT 3000 Chapter 2 MGMT Chapter 5 Set Questions and Answers MGNT 371 Chapter 6 Set Questions and Answers

MANAGEMENT EXAM 2 QUESTION AND ANSWERS 2024 Planning and strategic management steps 1. Establish the mission and vision and values 2. Assess the current reality 3. Formulate the grand strategy and strategic, tactical, and operational plans 4. Implement the strategy 5. Maintain strategic control Planning coping with uncertainty Strategy setting long-term direction Strategic management involving all mangers in strategy Competitive advantage ability of an org to produce good...

MGMT 3000 CHAPTER 2 SET QUESTIONS AND ANSWERS Peter Drucker is credited with providing the first modern handbook on the subject of ______. sales production finance management D Select the two overarching perspectives about management: A.historical B.classical C.quantitative D.behavioral E.contemporary A,E What are the two branches of the classical viewpoint of management? A.behavioral B.administrative C.scientific D. contingency B,C Scientific management is the stud...

MGMT CHAPTER 5 SET QUESTIONS AND ANSWERS Social obligation is the obligation of a business to meet its _________. A) social and technological responsibilities B) economic and social responsibilities C) technological and economic responsibilities D) economic and legal responsibilities d) economic and legal responsibilities The ______ view of social responsibility holds that management's only social responsibility is to maximize profits. A) socioeconomic B) classical C) contemp...

MGNT 371 CHAPTER 6 SET QUESTIONS AND ANSWERS Social obligation is the obligation of a business to meet its ________. A) social and legal responsibilities B) economic and social responsibilities C) social and economic responsibilities D) economic and legal responsibilities D If your university was paying minimum wage when necessary and applying the minimum legal standards to its employees work environment, it would be said to have fulfilled its ________. A) social obligation B) socia...

OPERATIONS MANAGEMENT EXAM SET QUESTIONS AND ANSWERS 2024 Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization's goods or services. FALSE Operation managers are not responsible for promoting goods/services. Often, the collective success or failure of companies' operations functions will impact the ability of a nation to compete with other nations. TRUE A nation is often only as competitive as its companies. Companies a...

BTEC NATIONAL LEVEL 3 BUSINESS UNIT 3 Car insurance Ans - A requirement to drive on UK roads, but can be third party Pet insurance Ans - Covers the cost of veterinary treatment, but not a requirement Health Insurance Ans - Insurance that supports your medical condition, but not a requirement Travel Insura

BTEC BUSINESS UNIT 3 QUESTION AND ANSWERS EXPLAINED The message in advertising Ans - what the communication needs to say The medium in advertising Ans - get the message across to potential or current customers (target market) penetration pricing Ans - setting a low initial price on a new product to appeal immediately to the mass market Skimming pricing Ans - setting the highest initial price that customers really desiring the product are willing to pay Cost plus pricing Ans - addi...