Premium Essay

Busn-380 Week 1 Quiz

In: Business and Management

Submitted By dboi51288
Words 1209
Pages 5
1. (TCO 1) A(n) _____ summarizes your current financial situation, analyzes your financial needs, and recommends a direction for your financial activities. (Points : 1) | insurance prospectus statement budget investment forecast financial plan |
(TCO 1) The main goal of personal financial planning is:
Saving and investing for future needs
Reducing a person's tax liability
Achieving personal economic satisfaction
Spending to achieve financial objectives
Saving, spending, and borrowing based on current needs
(TCO 1) The ability to convert financial resources into usable cash with ease is referred to as:
Bankruptcy.
Liquidity.
Investing.
Saving.
Opportunity cost
(TCO 1) Brad Opper has a goal of "saving $50 a month for vacation." Brad's goal lacks:
Measurable terms.
A realistic perspective.
Specific terms.
The type of action to be taken.
A time frame.
(TCO 1) Opportunity cost refers to: money needed for major consumer purchases. what a person gives up by making a choice. the amount paid for taxes when a purchase is made. current interest rates. evaluating different alternatives for financial decisions.
(TCO 1) If a person deposited $50 a month for 6 years earning 8 percent, this would involve what type of computation? simple interest future value of a single amount future value of a series of deposits present value of a single amount present value of a series of deposits
(TCO 1) Which type of computation would a person use to determine current value of a desired amount for the future? simple interest future value of a single amount future value of a series of deposits present value of a single amount present value of a series of deposits
(TCO 1) If inflation is increasing at 3 percent per year, and your salary increases at the same rate, how long will it take your salary to double?…...

Similar Documents

Premium Essay

Accounting 380 Week 1 Assignment

...Week 1 Assignment Latavia Barnes ACC 380: Accounting for Not-for-profit Organizations Instructor Bundli September 9, 2013 Part One. Review the financial information pertaining to the City of Northern Pines in problem 2-8 on pages 52 and 53 of your text.  Prepare, in good form, a Statement of Activities for the city of Northern Pines for the year ended June 30, 2012. Northern Pines has no component units. CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2012 Program Revenues Net (Expense) Revenue and Change in Net Assets Charges Operational Business- for Grants and Governmental type ......

Words: 671 - Pages: 3

Premium Essay

Acc 380 Week 1 Question 1

...affect the income statement; they affect other financial data synopses, which is what finance people often call accounting statements (Codjia, Demand Media). Expenses are recognized when they happen and affect retained earnings. In the case of exchange transactions, expenses are often matched with the revenues they generate (Copley, 2015). Differences in recognition of fixed assets which are generally not considered to be a liquid form of assets unlike current assets and they are not reported in the governmental fund balance sheets. This type of asset capitalizes and depreciates (Copley, 2015). Differences in the recording of long-term debt using economic resources; long-term debt is not recorded as a liability (Copley, 2015). Exercise 1-9 What is the mission of the GASB? The mission is to establish and improve standards of state and local governmental accounting and financial reporting that will; Result in useful information for users of financial reports, and guide and educate the public, including issuers, auditors, and users of those financial reports. Reference GASB (2014) GASB Mission Retrieved July 2, 2014 from: http://gasb.org/ Exercise 2-2 With regards to GASB rules for the financial reporting entity, answer the following: Define the financial reporting entity: A primary government and all related component units if any. Define and give an example of a primary government: A primary government is financially accountable for the organizations that make......

Words: 575 - Pages: 3

Premium Essay

Busn 115 Week 1

...Business and its Role in Our Society and World Michael J. Battle BUSN 115, Professor Wendell Braggs DeVry University May 12, 2014 BUSN 115 Written Assignment |   | Total Available | Types of business and non-profits | How the efforts of individuals benefit society | Conditions necessary for capitalism to thrive | Penalties | Earned | Filename with Student Name | 3 |   |   |   |   | 0 | Assertive Thesis Statement | 3 | 0.8 | 0.8 | 0.8 |   | 2.4 | Adequate Coverage | 6 | 1.8 | 1.8 | 1.8 |   | 5.4 | In-Text citations | 3 | 0 | 0 | 0 |   | 0 | Reference section (bibliography) | 3 | 0 | 0 | 0 |   | 0 | Grammar | 3 | 1 | 1 | 1 |   | 3 | Absence of First Person Subject | 3 | 1 | 1 | 1 |   | 3 | Active Tense | 3 | 1 | 1 | 1 |   | 3 | Spell-check | 3 | 1 | 1 | 1 |   | 3 | Similarity percentage (20% maximum) |   |   |   |   | 36% | -5 | Late Penalty |   |   |   |   |   | 0 | Total | 30 |   |   |   |   | 14.8 | % |   |   |   |   |   | 49% | Abstract In this paper you will learn how the efforts of individuals seeking to fill their own needs actually benefit the rest of society, and what conditions are necessary for capitalism to thrive. Business and its Role in Our Society and World After research of several passages, I think that individuals seeking to fill their own needs would help society in many ways. It opens up doors that would provide job opportunities. Another benefit would be that it could provide a service to the United States that......

Words: 761 - Pages: 4

Premium Essay

Week 1 Quiz

... Select one: a. statistical inference. b. descriptive statistics. c. deductive reasoning. A listing of all students enrolled during the current semester at a university is an example of a Select one: a. sample. b. None of these answers c. constant. d. population. The types of insurance that an insurance company sells is an example of a Select one: a. numerical discrete variable. b. numerical continuous variable. c. categorical variable. d. none of these answers. The weight of students in a class Select one: a. is an example of a constant. b. can only be recorded in a category. c. is an example of a variable. d. is an example of a sample. The number of insurance policies a company sells in a week is an example of Select one: a. constant. b. numerical continuous data. c. numerical discrete data. d. categorical data. Suppose 50 customers arrive at an ATM machine during a one-hour period. Every fifth customer is selected and asked to complete a questionnaire concerning service at that machine. The 10 customers selected are called a Select one: a. variable. b. sample. c. constant. d. population. The totality of items (or individuals) about which (or whom) conclusions are drawn is called Select one: a. a sample. b. a constant. c. a population. d. an inference....

Words: 542 - Pages: 3

Premium Essay

Is535 Week 1 Quiz

...Is535 Week 1 Quiz 1. Question: Which of the following choices may lead to competitive advantage? (1) New products, services, and business models (2) Charging less for superior products (3) Responding to customers in real time Your Answer: 1 only 1 and 2 2 and 3 1, 2, and 3 ( page 15 ) CORRECT Points Received: 2 of 2 Comments: 2. Question: The fundamental set of assumptions, values, and ways of doing things that has been accepted by most of a company's members is called its _____. Your Answer: culture ( page 20 ) CORRECT environment atmosphere values Points Received: 2 of 2 Comments: 3. Question: Networking and telecommunications technologies, along with computer hardware, software, data management technology, and the people required to run and manage them, constitute an organization's _____. Your Answer: Is this Essay helpful? Join OPPapers to read more and access more than 460,000 just like it! GET BETTER GRADES data management environment networked environment IT infrastructure ( page 22 ) CORRECT information system Points Received: 2 of 2 Comments: 4. Question: Engineers, scientists, or architects who design new products or services for a firm belong to which level of a business......

Words: 264 - Pages: 2

Premium Essay

Mgt 380 Week 2 Dq 1&2

...MGT 380 WEEK 2 DQ 1&2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=mgt-380-week-2-dq-12 Visit Our website: http://hwsoloutions.com/ Product Description MGT 380 Week 2 DQ 1&2, 1- Transformational leaders have great influence on their followers. In fact, that is one of behaviors of transformational leadership. According to our textbook, “Transformational leaders influence, inspire, move, and literally transform followers to achieve organizational goals beyond their self-interests (Burns, 1978), thus initiating and bringing about positive change,” (Weiss, 2011, p.51). There are four behaviors of transformational leadership. They are idealized influence, inspirational motivation, intellectual stimulation, and individualized consideration. Idealized influence is the charisma that can inspire followers, (Weiss, 2011). They will want to be like their leader filled with charm and will likely follow him/her because of that charm. Inspirational motivation is exactly what it sounds like. The leader will be able to inspire their followers toward completion of goals. Intellectual stimulation excites followers by pushing them to think outside of the norm. According to our textbook, “Intellectual stimulation can include such leadership behaviors and practices as brainstorming, challenging the beliefs and norms of the group to innovate and be creative, promoting critical thinking and problem solving to make the organization better, and persuading......

Words: 406 - Pages: 2

Free Essay

Mgt 380 Week 3 Dq 1&2

...MGT 380 WEEK 3 DQ 1&2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=mgt-380-week-3-dq-12 Visit Our website: http://hwsoloutions.com/ Product Description MGT 380 Week 3 DQ 1&2, 1– It is important for a leader to be able to manage across cultures because the business place is no longer confined by location. Communication has changed dramatically and is technologically-focused in today’s market. This difference in communication technology has broken down distance barriers, allowing business to be done in more than one location at a time. According to our textbook, “First, the U.S. population is changing, which affects workforce demographics. Second, globalization, or the increasing integration of regional and national economies, is changing the way the world does business,”(Weiss, 2011, pp. 120-121). The workplace requires emphasis on cultural diversity to thrive. An Introduction to Leadership states, “Companies are now able to conduct business on a global scale, employing people all over the world through outsourcing and recruiting talent. Professionals can fly from country to country for meetings or simply hold a video conference call. The U.S. workforce is affected at all levels, as people of different educational backgrounds, generations, and cultures interact,”(Weiss, 2011, p.121). 2– In the case of Zappos, the organizational culture influences the leader. According to our textbook, “As CEO Tony Hsieh stated, “We’ve actually said......

Words: 429 - Pages: 2

Free Essay

Mgt 380 Week 4 Dq 1&2

...MGT 380 WEEK 4 DQ 1&2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=mgt-380-week-4-dq-12 Visit Our website: http://hwsoloutions.com/ Product Description MGT 380 Week 4 DQ 1&2, 1- My scores from the Leadership Frame of Reference Assessment were as follows: For the structural frame, I scored 13. For the human resource frame, I scored 20. For the political frame, I scored 14. For the symbolic frame, I scored 13. I scored low in the structural frame. According to our textbook, “A low score may mean a blind spot,” (Weiss, 2011, p.154). This means that I would most likely not flourish in a bureaucratic-type culture. I find it odd that I would score so low on the structural frame as I really enjoy procedure and structure in my personal and work life. I scored highest in the human resource frame. I really appreciated scoring high in the human resource frame as my minor is in human resources. This means that I focus on people, developing their skills, seeing their growth as a personal accomplishment, and seeing them as not just a means to and end– but as the most important part of the organization. 2- Vision is the foundation of a successful organization. It is the base on which mission statements and strategies must be built on. According to An Introduction to Leadership, “It provides direction for the company’s course by outlining a destination, and invites participation through its positive and uplifting description,” (Weiss, 2011,......

Words: 341 - Pages: 2

Premium Essay

Mgt 380 Week 5 Dq 1&2

...MGT 380 WEEK 5 DQ 1&2 A+ Graded Tutorial Available At: http://hwsoloutions.com/?product=mgt-380-week-5-dq-12 Visit Our website: http://hwsoloutions.com/ Product Description MGT 380 Week 5 DQ 1&2, 1– Three team leadership concepts that can be learned from the Wrigley company are team leadership capacity, Tuckman and Jensen’s classic leadership model, and organizational change. Our textbook states that, “Teams can be led by a formal leader or through a particular division of labor across team members. This distribution of leadership responsibilities is called team leadership capacity (Day, Gronn, & Salas, 2004), with capacity referring to the potential for such leadership to fulfill those responsibilities,”(Weiss, 2011, p.179). Bill Wrigley Jr. II and Bill Perez shared responsibilities at Wrigley. According to An Introduction to Leadership, “Perez managed the day-to-day operations and finances, while Wrigley focused on long-term strategy and culture,” (Weiss, 2011, p.179). Both took equal responsibility for the company tasks. The two together were able to accomplish more than they would have been able to separately. In other words, they exhibited synergy (Weiss, 2011). 2—- Using Kotter’s eight-step change theory can improve the process of change in an organization dramatically. In this discussion I have chosen three of the eight steps to explain and provide examples of. The first step I will discuss is Stage 1: Create Urgency. This stage encourages......

Words: 360 - Pages: 2

Free Essay

Busn 412 Week 5 Quiz

...BUSN 412 Week 5 Quiz Purchase here http://devrycourse.com/BUSN%20412/busn-412-week-5-quiz Product Description 1Question : In consideration that the "traditional" approach to strategic control is sequential, the following is not one of the steps in the sequence. Strategies are formulated and top management sets goals. Action plans are submitted by lower level managers. Performance is measured against the predetermined goal. Strategies are implemented. 2. Question : The primary drawback of "traditional" strategic control systems is: They are only appropriate when the environment is stable and simple. Goals and objectives cannot be measured with a high level of certainty. They lead to complacency. They lack the flexibility needed to adjust to changes in the environment. 3. Question : The following is true for businesses facing complex and turbulent business environments: Complacency about predetermined milestones can prevent adaptability Detailed plans are needed to maintain order Goals and objectives that are uncertain prevent opportunism Traditional strategic controls are usually inappropriate 4. Question : Contemporary approaches to strategic control rely primarily on: Feedback controls Single-loop learning Double-loop learning Comparative learning 5. Question : Our text states that informational control systems ask: Is the organization "doing the right things"? Is the organization "doing things right"? Are rules and regulations being......

Words: 522 - Pages: 3

Premium Essay

Ethc 445 Week 1 Quiz

...ETHC 445 WEEK 1 QUIZ To purchase this visit following link: http://www.activitymode.com/product/ethc-445-week-1-quiz/ Contact us at: SUPPORT@ACTIVITYMODE.COM ETHC 445 WEEK 1 QUIZ ETHC 445 Week 1 Quiz (MCQs) 1. Which of the below behaviors are inappropriate in a course? 2. Ethics involves issues of right and wrong, and emotionally charged issues and ideas; thus, the best way to ensure that my comments are taken in the way I mean them is to _____. 3. Posting in the course’s threaded discussions is an essential element in our online, asynchronous classroom. Which of the following is not true about value-adding posts in our course? 4. Which of the following is the most appropriate response for a student to post to another student who has posted this: 5. Choose from the following choices the way in which collegiality is valued in our course. ETHC 445 WEEK 1 QUIZ To purchase this visit following link: http://www.activitymode.com/product/ethc-445-week-1-quiz/ Contact us at: SUPPORT@ACTIVITYMODE.COM ETHC 445 WEEK 1 QUIZ ETHC 445 Week 1 Quiz (MCQs) 1. Which of the below behaviors are inappropriate in a course? 2. Ethics involves issues of right and wrong, and emotionally charged issues and ideas; thus, the best way to ensure that my comments are taken in the way I mean them is to _____. 3. Posting in the course’s threaded discussions is an essential element in our online, asynchronous classroom. Which of the following is not true about value-adding posts in......

Words: 1058 - Pages: 5

Premium Essay

Psyc325 Week 1 Quiz 1

...PSYC325 Week 1 Quiz 1 Click Link Below To Buy: http://hwaid.com/shop/psyc325-week-1-quiz-1/ Biopsychology Question 1 of 12 1.0/ 1.0 Points Experimental evidence suggests that the brain damage commonly observed in people who consume a lot of alcohol is caused by A.the direct toxic effects of alcohol on the brain. B.thiamine deficiency. C.vitamin B1 deficiency. D.all of the above Question 2 of 12 0.0/ 1.0 Points The human brain is composed of various cells, including about 100 billion that are specialized to receive and transmit electrochemical signals. These specialized cells are called A.glial cells. B.axons. C.neurons. D.oligodendroglia. Question 3 of 12 1.0/ 1.0 Points Research has now established that the brain is A.static. B.immutable. C.plastic. D.gray. Question 4 of 12 1.0/ 1.0 Points According to the textbook, the science of biopsychology as it is practiced today emerged as a discipline in about A.1549. B.1649. C.1749. D.1949. Question 5 of 12 1.0/ 1.0 Points Epigenetic research has found that there are genetic differences between so-called identical twins and that these differences A.do not occur in fraternal twins. B.decrease with age. C.increase with age. D.increase disease susceptibility. Question 6 of 12 1.0/ 1.0 Points Epigenetic investigation, although of recent origin, has already identified ...

Words: 499 - Pages: 2

Premium Essay

Busn 379 Week 1

...Dan Lugo DeVry University BUSN 379 – Week 1 Assignment Hammett, Inc., has sales of $34,630, costs of $10,340, depreciation expense of $2,520, and interest expense of $1,750. If the tax rate is 35 percent. Required: What is the operating cash flow? Operating cash flow $ 17283 **Solution Sales - Cost - Dep = EBIT 34630 - 10340 - 2520 = 21770 EBIT - Interest = Taxable Income 21770 - 1750 = 20020 Taxes (35%) = 20020 x .35 = 7007 Net income: 20020 - 7007 = 13013 EBIT + dep - less taxes = OCF 21770 + 2520 - 7007 = 17283 Weiland Co. shows the following information on its 2014 income statement: sales = $167,000; costs = $88,600; other expenses = $4,900; depreciation expense = $11,600; interest expense = $8,700; taxes = $18,620; dividends = $9,700. In addition, you’re told that the firm issued $2,900 in new equity during 2014, and redeemed $4,000 in outstanding long-term debt. | | | a. Calculating Cash Flows. What is the 2014 operating cash flow? | | | b. What is the 2014 cash flow to creditors? | | | c. What is the 2014 cash flow to stockholders? | | | d. If net fixed assets increased by $23,140 during the year, what was the addition to NWC? | Current assets -- $10,000 Net Fixed assets --90,000 Total assets -- $100,000 Current liabilities -- $5,000 Long-term debt -- 10,000 Capital -- 85,000 Total L + C = $100,000 You can also just assume $5,000 of net working capital or any other simple number.......

Words: 614 - Pages: 3

Premium Essay

Busn 380 Study Education on Your Terms/Busn380Study.Com

...BUS 380 Final Exam Guide (New) FOR MORE CLASSES VISIT www.busn380study.com The Final Exam consists of 45 multiple choice questions worth 4 points each and 6 short answer questions worth 10 points each. Question 1.1 After a lengthy job search, Judy Smith has found a place of employment; however, it is demanding and she is required to work long hours during the week and even on weekends, leaving little time for outside interests. Her decision to work at this job is an example of (Points : ------------------------------------------------------------------------------------------------ BUSN 380 Week 1 Problem Set 1 FOR MORE CLASSES VISIT www.busn380study.com TCO 1 Time value of money relationships & applications; opportunity costs; personal financial statements -Problem Set 1 1. Ben Collins plans to buy a house for $65,000. If that real estate property is expected to increase in value 5 percent each year, what would its approximate value be seven years from now? 2. At an annual interest rate of five percent, how long would it take for your savings to double? ------------------------------------------------------------- BUSN 380 Week 1 Quiz Set 1 FOR MORE CLASSES VISIT www.busn380study.com BUSN 380 Week 1 Quiz Set 1 Question 1. Question : (TCO 1) When a person faces a trade-off and must give up something by making a choice, this is referred to as taking out a loan. ......

Words: 653 - Pages: 3

Premium Essay

Week 1 Quiz

...Week 1 Knowledge Check Study Guide Concepts Mastery BUSINESS COMMUNICATION Questions 80% 1 2 50% 6 7 60% 8 9 80% 13 BARRIERS TO COMMUNICATION Score: 12 / 17 3 4 5 RECOGNIZING CULTURAL 10 11 12 DIFFERENCES WAYS TO ESTABLISH CREDIBILITY IN BUSINESS COMMUNICATION 14 15 16 17 Concept: BUSINESS COMMUNICATION Mastery 80% Questions 1 2 3 4 5 1. Which of the following terms best describes the process of sending and receiving verbal and nonverbal messages between two or more people? A. injunction process B. stimulus discrimination process C. interpersonal communication process D. habituation process Correct: The Correct Answer is: C. 2. _____ is the process of interpreting messages from others into meaning. A. Reasoning B. Encoding C. Classifying D. Decoding Incorrect: The Correct Answer is: D. 3. All outgoing messages are encoded and all incoming messages are decoded through: A. A filter of lifetime experiences B. The process of injunction C. The trickle-down effect D. Mapping activities Correct: The Correct Answer is: A. 4. _____ is the component of active listening in which nonverbal communication plays a vital role. A. Reflection B. Retrospection C. Paying attention D. Meditation Correct: The Correct Answer is: C. 5. Reflecting is the component of active listening which entails: A. active nonverbal communication. B. approaching conversations with a judger mind-set. C. making sure you understand......

Words: 1008 - Pages: 5