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COB 241 Test 1 Ch 1-3 Questions & Answers 2024/2025
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...
- Examen
- • 4 pages •
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...
COB 241 EXAM 1 QUESTIONS & ANSWERS 2024/2025
COB 241 EXAM 1 QUESTIONS & ANSWERS 2024/2025
- Examen
- • 1 pages •
COB 241 EXAM 1 QUESTIONS & ANSWERS 2024/2025
COB 241 TEST 1 QUESTIONS WITH COMPLETE SOLUTIONS 2024/2025
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...
- Examen
- • 14 pages •
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...
COB 241 financial statements exam questions & answers 2024/2025
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...
- Examen
- • 6 pages •
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...
COB 300 Operations Final Exam Questions with 100% Correct Answers
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...
- Examen
- • 12 pages •
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...
COB 204 Exam 1 Questions & Answers 2024/2025
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...
- Examen
- • 7 pages •
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...
COB 291 Exam 1 Questions & Answers 2024/2025
COB 291 Exam 1 Questions & Answers 2024/2025
- Examen
- • 3 pages •
COB 291 Exam 1 Questions & Answers 2024/2025
COB 202 Final Exam Questions & Answers 2024/2025
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...
- Examen
- • 9 pages •
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...
COB 191 final exam questions & answers 2024/2025
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...
- Examen
- • 11 pages •
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...
COB 242 Exam 1 Questions & Answers 2024/2025
COB 242 Exam 1 Questions & Answers 2024/2025
- Examen
- • 3 pages •
COB 242 Exam 1 Questions & Answers 2024/2025
UNT SOCI 1510 Final Exam Questions & Answers 2023/2024
ANP 1111 Final Exam Questions & Answers 2024/2025
ECON 2020 Exam 4 (Finck, Auburn University)
Microbiology GCU (Lab Exam) Final Review Questions & Answers 2024/2025
CPC Exam Questions & Answers 2024/2025