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BSG Midterm Exam 1 Questions with Answers (All Answers Correct)

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Which one of the following is NOT among the chief duties/responsibilities of a company's board of directors insofar as the strategy-making, strategy-executing process is concerned? - Answer-supervising enforcement of high ethical standards and stepping in to take the lead role in promptly revising and improving the company's strategy whenever the company's financial performance is unsatisfactory. Which one of the following questions can be used to distinguish a winning strategy fro...

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BSG TEST QUESTIONS & ANSWERS GRADED A+

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Based on Figure 1.1 Which of the following is not something to look for in identifying a company's strategy - Answer-actions to raise or lower the company's performance targets and actions to pay down the company's long-term debt Which of the following is not one of the reasons that a company's strategy evolves over time - Answer-the need on the part of company mangers to make regular strategy adjustments so as to keep rivals off balance and always guessing about what moves it ...

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BSG FINAL EXAM QUESTIONS WITH 100 % CORRECT ANSWERS VERIFIED

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Which of the following is a valid reason or strong signal that a company should consider changing from a low-cost/low-price strategy for branded footwear to a different strategy? A) Too many other companies in the industry are also pursuing a low-cost/low-price in the private-label segment of the athletic footwear market. B) Company managers prefer not to build a plant in Europe-Africa. C) The company's cost are far above the industry average for many of the benchmarked cost categories ...

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BSG 2 Multiple Choice Questions with Answers (All Answers Correct)

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When thinking about business strategy, a ____ integrates characteristics of both lowcost and differentiation strategy? a. Focused b. Combination c. Internal d. Competitive endeavor e. External analysis - Answer-Combination According to Ghemawat, _______ is/are the ability of the firm to increase willingness to pay without increasing costs and achieve price premium. a. Low cost strategy b. Vision c. Customer Choices d. Resources e. Differentiation - Answer-Differentiation When using ...

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WGU C213 Accounting for Decision Makers (2025Update) Questions And Answers Already Graded A+

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The Securities and Exchange Commission (SEC) - Answer-the organization that regulates U.S. stock exchanges and seeks to create a fair information environment in which investors can buy and sell stocks without fear that companies are hiding or manipulating financial data Sarbanes-Oxley Act - Answer-A wave of accounting scandals starting in 2001 resulted in this act, which increases U.S. federal government scrutiny of the production of financial statements. Balance Sheet - Answer-reports a ...

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WGU C213 Pre Assessment 2025 Update Questions & Answers Graded A+

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Which category on the statement of cash flows summarizes cash receipts and payments to owners and creditors of the company? - Answer-Cash flows from financing activities What will be the total impact of these services provided on the company's balance sheet other than an increase in cash of $4,000? Choose 2 answers - Answer-Accounts receivable will increase $6,000. Retained earnings will increase $10,000. What was the 2012 net profit amount if the 2013 pro-forma net profit of $187,000 ...

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WGU c213 study guide Questions and Answers Fully Solved 100%

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Current Trends changing Accounting: Globalization - Answer-As more and more business do business globally, capital flows more freely across national boundaries. This means investors can choose to invest in firms all over the planet. To help them make investment decisions, the global accounting and regulatory communities are working to bring accounting standards around the world into agreement the IASB was one step in that direction, but nations still control the accounting standards used wi...

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Accounting for decision makers C213 WGU Questions with Answers (All Answers Correct)

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Point in time, Assets (resources) and liabilities (obligations) - Answer-Balance Sheet Period of time (usually 1 year), amount of profit made - Answer-Income Statement Does the SEC have legal authority? - Answer-YES. The SEC has legal authority to establish accounting rules and disclosure requirements. Financial accounting rule per the US constitution - Answer-USA congress->SEC->FASB The SEC created the - Answer-FASB: Financial accounting standards board FASB created - Answer-GAAP (h...

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WGU C213 Internal Controls Questions with Answers (All Answers Correct)

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What are the various elements of an internal control system? - Answer-Authorization. Authorizing and approving the execution of transactions Record keeping. Recording the transactions in the accounting records Custody of assets. Having physical possession of or control over the assets involved in transactions, including operational responsibility What is earnings management? Why does it occur? - Answer-two common ways to engage in earnings management: (1) modifying operating decisions, su...

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