Managerial economic exam - Study guides, Class notes & Summaries

HRMT 386 Exam Questions & Answers 2024/25 Why do organizations and individuals enter into employment relationships? - ANSWERS- Economic Relationship o Employers hire workers to accomplish tasks. o There is an exchange of value between the worker & employer. o Exchange time & skills (labour) for remuneration (wages & benefits) o Workers enter into the relationship because they must exchange their labour with someone to acquire money by which they purchase the necessities of life. o Duti...

MGMT 200 Exam 1 - Purdue University Actual Questions and Answers 2024 with complete solution Preparing a budget for a business is considered A. financial accounting. B. managerial accounting. - Answer ️️ -B. managerial accounting. (Management accounting provides information to people within an organization while financial accounting is mainly for those outside it, such as shareholders.) Accounting is the information system that A. measures business activities B. communicates the res...

WGU C211 Global Economics for Managers Final Exam | Questions and Verified Answers| 100% Correct (Latest 2024) Grade A Which view claims that the phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through multinational enterprises? - ANSWER The new force view Economic gains come from international trade because one country's exported goods, services or other items are unique...

MANAGERIAL ECONOMIC EXAM ECO 500: Managerial Economic Professor Sima Siami Namini 2024 Introduction The production, consumption, and distribution of goods and services are the subject of economics, a branch of social science. It aims to comprehend how people and civilizations distribute finite resources to meet their endless wants and requirements. In this essay, we'll look into four economics-related issues. Four Economic related issues Question 1: To figure out the maximum amount ...

FIN2601 SUMMARISED EXAM NOTES 2023 LATEST SUMMARY. FIN2601 NOTES email me at for more Page 1 Study unit 1 THE ROLE AND ENVIRONMENT OF MANAGERIALFINANCE Define the functions of a finance manager A financial manager actively manages the financial affairs of any type of business, whether financial or nonfinancial, private or public, large or small, profit-seeking or not-for-profit. Discuss the legal forms of business organisation Sole Proprietorships  Owned by one person for own prof...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

ACCT 526 Exam Questions and Answers an information processing system that generates general-purpose financial reports for internal and external users - Answer-Financial Accounting an information framework that supports the company's goals by generating special-purpose financial reports for internal users as needed for making timely decisions - Answer-managerial accounting must adhere to external reporting standards - Answer-financial accounting emphasizes objective data - Answer-fin...

Accounting 211 Exam 1Chapter 1 - correct answer managerial accounting - correct answer field of accounting that provides economic and financial information for managers and other internal users main differences between managerial and financial - correct answer managerial: -for internal users -doesn't have to follow GAAP -detailed reports for a specific decision -reports as frequently as needed 3 activities and responsibilities of management - correct answer 1. planning 2. directi...

Accounting 211 Exam 1 questions well answeredChapter 1 - correct answer managerial accounting - correct answer field of accounting that provides economic and financial information for managers and other internal users main differences between managerial and financial - correct answer managerial: -for internal users -doesn't have to follow GAAP -detailed reports for a specific decision -reports as frequently as needed 3 activities and responsibilities of management - correct answer...

WGU D196 Exam Questions with Correct Answers Which group represents the primary users of managerial accounting information? a. Bankers b. Public stockholders c. customers d. Managers - Answer-d Which type of business purchases finished goods for resale? a. Merchandising b. Non profit c. Manufacturing d. Service - Answer-a Which types of costs does a merchandiser have? a. Both product and period costs b. Merchandisers have both product and period costs c. Product costs only d. ...