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Texas Business and Finance 6-12 (276) Exam Questions With 100% Verified Answers

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Texas Business and Finance 6-12 (276) Exam Questions With 100% Verified Answers When a company is trying to regulate its spending and track incoming funds, the accountant should prepare an income statement once - answerevery month. A lending company will review a borrower's accounting documenta...

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Texas Business and Finance 6-12 (276) Exam
Questions With 100% Verified Answers




When a company is trying to regulate its spending and track incoming funds, the accountant

should prepare an income statement once - answer✔every month.


A lending company will review a borrower's accounting documentation to evaluate -

answer✔creditworthiness.


Which of the following doctrines prevents a person from insuring a neighbor's house? -

answer✔Doctrine of subrogation


Which of the following inventory systems is designed to record the actual costs associated with

the inventory using a physical count? - answer✔The perpetual inventory system


In which of the following sections of the balance sheet is prepaid insurance recorded? -

answer✔Assets


Which of the following statements is generally true about the purchasing function today? -

answer✔Purchasing is evolving into strategic supply management.

, ©BRAINBARTER 2024/2025


The owner of a small boat rental company opened the business as a sole proprietorship but has

since decided to bring a friend into the business. It is best for the owner, who is concerned about

the cost of changing the form of the company's organization, to change the business structure to a

- answer✔partnership.


Kim, a young college student, has decided to start a business. She does not have much capital but

believes the business can generate capital through an initial public offering (IPO). An IPO is

categorized as - answer✔equity.


The marketing department of a small business wants to obtain information about how and why a

product continues to be successful after many years. Which of the following research techniques

will be most effective? - answer✔Requesting user surveys


Which of the following best describes management practices that promote adaptability in a

global business environment? - answer✔Changing strategies to accommodate local conditions


Which of the following types of compensation has the greatest positive effect on employee

motivation and productivity? - answer✔Varied and attainable pay mix


To have the greatest impact on long-term employee productivity, businesses must -

answer✔conduct effective employee evaluations.


RXJW is a publicly traded company that is required by law to register its code of ethics with the

Securities and Exchange Commission and ensure that its senior financial officers are aware of

the policy. Which of the following mandates this requirement? - answer✔Sarbanes-Oxley Act

, ©BRAINBARTER 2024/2025


Which of the following advertising claims is most likely to prompt an inquiry by the Federal

Trade Commission? - answer✔Using our cream guarantees no more wrinkles.


In which of the following situations has a tort occurred? - answer✔A firework spark lands on a

neighbor's tree and burns it down.


Which of the following policies will most likely increase foreign trade? - answer✔Establishing

free-trade zones

Which of the following statements regarding the taxation and international business operations of

a company in its residence and source states is true? - answer✔The residence state mitigates the

tax.

An effective form of communication is the use of graphs and charts to convey information. A pie

chart is an effective way of - answer✔communicating varying values or percentages in relation

to each other that is not related to time.

Which of the following notations is most appropriate for citing a specific page within a specific

section of a book with one author? - answer✔Eric James, Civil Procedure & 2.3, at 124 (8th ed.

2012).

Which of the following types of illustrations best represents continuous processes? -

answer✔Line graph


Which of the following is the best function on a presentation software toolbar for importing

graphics into a presentation? - answer✔Insert

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