Multiple Questions Answers

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1. Which of the following is an example of a variable measured at the interval level of measurement?
A. Age in years 
B. Income in dollars 
C. Temperature in degrees Fahrenheit 
D. Acres of land planted in food crops 
E. None of the above are measured at the interval level 


2. When conducting a survey, researchers may often create two versions of the questionnaire. They may vary the order of the questions or slight wording of the questions. They then divide the sample into two equal sub-samples and administer each version. When surveys are collected, answers on the two different questionnaires are compared to determine:
A. Test-Retest reliability 
B. Content validity 
C. Construct validity 
D. Criterion validity 
E. Alternate-forms reliability 


3. The simple answer to the question “What is ethical research practice?” is:
A. Making sure no harm is caused to subjects 
B. Never using deception 
C. There is no simple answer 
D. Being sure to compensate human subjects for their participation 
E. Only using children in an obviously ethical manner 


4. Reliability means that if you ask someone their weight today and then ask someone their weight the next day and they consistently answer the same measurment, then the question is reliable. 
True 
False 

Multiple choice

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OilAmerica Inc. (“OA”) operates express oil change shops in Oklahoma. An investment analyst with a private equity fund which owns some of OA’s stock is wanting to estimate the company’s weighted average cost of capital. OA’s Chief Financial Officer told the investment analyst that OA will not invest in any project which cannot earn at least a 17% Free Cash Flow Return on Assets. The company has 6 million shares of stock outstanding and these shares are valued at $55.50 per share. The company has a stock beta that is estimated to be 1.72. Assume the current average stock market return is 14.50% and the relevant current U.S. Treasury Note interest rate in the market is 4.20%. The company also has some bonds outstanding with 9 years to maturity, are trading at $933.00 per bond with a $1,000 face value, and the company has 400,000 of these bonds outstanding. The bonds pay interest annually based on a 7.50% coupon interest rate. OA is planning to issue $100 million of new preferred stock, which will have a par value of $100 per share, dividends per share of $10, and per-share flotation costs of $4.75 per share. The company has a marginal income tax rate of 31%. Calculate to 4 decimal places.
What is OA’s Pre-Tax Cost of Debt? After-Tax Cost of Debt?
Answer
A. 6.7236% and 4.5048%
B. 7.7236% and 5.2188%
C. 8.5994% and 5.9336%
D. 8.6124% and 5.4303%

OilAmerica Inc. (“OA”) operates express oil change shops in Oklahoma. An investment analyst with a private equity fund which owns some of OA’s stock is wanting to estimate the company’s weighted average cost of capital. OA’s Chief Financial Officer told the investment analyst that OA will not invest in any project which cannot earn at least a 17% Free Cash Flow Return on Assets. The company has 6 million shares of stock outstanding and these shares are valued at $55.50 per share. The company has a stock beta that is estimated to be 1.72. Assume the current average stock market return is 14.50% and the relevant current U.S. Treasury Note interest rate in the market is 4.20%. The company also has some bonds outstanding with 9 years to maturity, are trading at $933.00 per bond with a $1,000 face value, and the company has 400,000 of these bonds outstanding. The bonds pay interest annually based on a 7.50% coupon interest rate. OA is planning to issue $100 million of new preferred stock, which will have a par value of $100 per share, dividends per share of $10, and per-share flotation costs of $4.75 per share. The company has a marginal income tax rate of 31%. Calculate to 4 decimal places.
What is OA’s Pre-Tax Cost of Preferred Stock? After-Tax Cost of Preferred Stock?
Answer

A. 5.4348% and 3.6413%
B. 10.4986% and 10.4986%
C. 10.8696% and 10.8696%
D. 10.8696% and 7.2826%

 

 

Multiple Questions Answers

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1. Common internal controls for accounts receivable include:
A. sending invoices and monthly statements.
B. developing procedures that ensure that all credit sales are recorded and customers’ account are debited.
C. authorizing charge-off of accounts.
D. All of these are common internal controls for accounts receivable.

 

2. Since Jessica’s participation in local politics increased significantly after she joined her school’s political science club, it is clear that her involvement in that club led her to take an interest in politics. 
The argument above is flawed because: 
A it doesn’t say which political issues Jessica is interested in
B it states that the only purpose of the political science club is to spark an interest in politics
C it misuses the word “significantly”
D it’s possible that an interest in politics caused Jessica to join the political science club

3. Catherine goes to her local movie theater only to see romantic comedies. Since Catherine did not go to the movies yesterday, there is not a romantic comedy playing at her local theater. 
The reasoning above is flawed because the evidence: 
A does not suggest that Catherine goes to see every romantic comedy that plays at her local movie theater
B implies that Catherine is uninterested in most types of movies
C does not indicate whether Catherine watches only romantic comedies at home
D suggests that Catherine’s local movie theater hardly ever shows romantic comedies

4. The average height of members of the high school basketball team is six feet, three inches. Jerry is on the high school basketball team, so Jerry must be taller than six feet.
The argument above is flawed because it confuses: 
A Jerry with other members of the team
B the members of one team with the members of another team
C people who are six feet three inches tall for people who are exactly six feet tall
D an average for the individuals that make up that average. 

 

 

 

Multiple choice

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1.) Making the statement “So far I have explained three common methods to eliminate exposed asbestos in your facility” is an example of __________ the presentation.                                                                                       A. including summaries in 

B. using transitions in 

C. previewing the organization of 

D. drawing conclusions from facts presented in 

 

2.) When using flip charts or posters in a presentation, the people in the last row should be able to easily read the information on the visual; allow __________ of letter height for every ten feet of audience.                   A. 1/2 inch 

B. 1 1/2 inches 

C. 1 inch 

D. 2 inches 

 

3.) Which of the following statements is true about handouts?                                               

A. Handouts should provide only the key points of your presentation; otherwise, your audience will read the handouts instead of listening to you. 

B. You should always give the handout at the very beginning of the presentation. 

C. Handouts should be presented as loose pages so that the participants can bind them in their preferred manner. 

D. In a long set of handouts, it is easier for the audience to “turn to the page following the blue page divider” than to “turn to page 9 in your handout.” 

 

4.) Correspondence is different from other genres of technical communication; examples of correspondence include:                                                                                   

A. reports. 

B. e-mail and memos. 

C. training manuals. 

D. technical instructions.

 

Multiple Questions Answers

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1. Guard Personnel Company is charged with using hiring practices that do not meet requirements set by the Transportation Safety Administration (TSA). The administrative law judge orders Guard to comply with the TSAs regulations. Guard may
a. appeal to the commission that governs the TSA. 
b. appeal to Congress, which created the TSA. 
c. appeal to a different, separate agency. 
d. ignore the order. 

2.In reviewing the actions of the U.S. Office of Nuclear Energy and other agencies, the courts.
a. are usually reluctant to review questions of fact. 
b. rarely defer to the technical expertise of administrative agencies. 
c. often rule on the merits of policy determinations. 
d. all of the choices. 

3. Independent regulatory agencies such as the Federal Trade Commission are
a. not part of the governments executive branch. 
b. outside the major departments of the governments executive branch. 
c. subagencies of executive agencies. 
d. subject to more executive authority than executive agencies. 

4. Labor Recruiters, Inc., has been ordered to appear at a hearing before an administrative law judge of the National Labor Relations Board. A significant difference between a trial and an administrative hearing is that
a. attorneys are not allowed to attend administrative hearings. 
b. clients are not allowed to communicate with their attorneys during administrative hearings. 
c. hearsay can be introduced as evidence in an administrative hearing. 
d. the burden of proof is on the charged party to prove innocence. 

 

Multiple Questions Answers

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1 In which of the following groups of people in the U.S. would the incidence of poverty be the greatest? 
A. Black families with a female head 
B. All families of seven or more members 
C. Farmers and farm laborers 
D. Families whose head is age 65 or over 

2 Which of the following groups has the lowest median income in the United States? 
A. Married couples with both spouses working 
B. Female-headed families with no husband present 
C. Male-headed families with no wife present 
D. Married couple families with the wife not working

3.  Carl is in a car accident caused by Frank. Carl was able to collect damages and medical expenses from his own insurance company even though fault had yet to be determined. Carl probably lives in a state that
requires __________ insurance.
A. liability
B. no-fault
C. uninsured motorist
D. collision

 

4.  Tom gave a mortgage to Big Bank. Big Bank failed to record the mortgage. Then Tom gave a mortgage to Second Bank. Second Bank recorded the mortgage and didn’t know about the mortgage to Big Bank. After Second Bank recorded, Big Bank recorded its mortgage. After both mortgages are recorded,
Tom defaults on both debts. Which of the following statements is true?
A. If these are the only two mortgages on the property, they’ll share the proceeds pro-rata based on the amount due each.
B. Tom doesn’t owe the debt to Big Bank because Big Bank failed to record the mortgage promptly.
C. Big Bank has a first mortgage.
D. Second Bank has a first mortgage.

Multiple choice

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1.Borden Enterprises uses standard costing. For the month of April, the company reported the following data:

-Standard direct labor rate: $10 per hour

-Standard hours allowed for actual production: 8,000 hours

– Actual direct labor rate: $9.50 per hour

-Labor efficiency variance: $4,800 Favorable

The labor rate variance for April is:

A. $3,760 U

B. $3,760 F

C. $2,850 F

D. $2,850 

 

2.Mitchell Company had the following budgeted sales for the last half of last year:

Cash sales : July 50,000; August 55,000; September45,000; October 50,000; November 60,000; December 80,000

Credit Sales: july 150,000; August 170,000; September 130,000; October 145,000; November 200,000; December 350,000

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on credit sales:

60% in month of sale

30% in month following sale

10% in second month following sale

Assume that the accounts receivable balance on July 1 was $75,000. Of this amount, $60,000 represented uncollected June sales and $15,000 represented uncollected May sales. Given these data, the total cash collected during July would be:

A. $150,000

B. $235,000

C. $215,000

D. $200,000

 

3.Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.

To attain its desired ending cash balance for November, the company needs to borrow:

A. $0

B. $16,000

C. $50,000

D. $84,000

 

4.Dengel Inc. is working on its cash budget for November. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $167,000. The desired ending cash balance is $50,000.

The excess (deficiency) of cash available over disbursements for November will be:

A. $34,000

B. $201,000

C. $10,000

D. $14,000

 

Multiple choice

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Question 1 

Which of the following statements is incorrect?

Basing one’s behavior on the adage, “Do unto others as you would have them do unto you,” is part of Kantian ethics. 

An ethical theory that says each person is presumed to have entered into an agreement with all others in society to obey moral rules that are necessary for people to live in peace and harmony is called Social Contract ethics. 

A doctrine that says that a corporation should consider its presence in the community and society and the effects its actions have on persons or groups other than the shareholders is called Corporate Social Responsibility. 

A theory of social responsibility that says that business must solve global problems such as poverty and disease is called Legal Nonfeasance. 

   

Question 2 

The doctrine that holds that business has an obligation to generally do good charitable deeds for society is:

Moral minimum 

Maximizing profits 

Social responsibility 

Corporate legal status. 

 

Question 3 

Maria owns her own business and has just attended a cash flow management seminar where it was suggested the businesses should delay paying their suppliers as long as absolutely possible even if doing so violates the stated payment terms. Maria decides to continue paying her supplies on time in accordance with their payment terms because Maria would like her customers to pay her on time. Maria has reached her decision primarily in accordance with:

Ethical relativism 

Utilitarianism 

Corporate social responsibility 

Kantian ethics. 

 

Question 4 

Which of the following statements is most accurate regarding the relationship of law and ethics?

The legal requirement will almost always be the same as the ethical requirement because the law is equivalent to the ethical standards. 

In some cases ethics will require a higher standard of conduct than the law, but never the opposite. 

In some cases the law will require a higher standard of conduct than ethics, but never the opposite. 

Depending on the circumstances, the law can require a higher, lower, or the same standard of conduct as ethics demands.

 

Multiple choice

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Question 1 

Engel Tool Company’s decision-makers view a particular risk in the use of the company’s product as “open and obvious.” Continuing to market the product without telling consumers of the risk could be best justified from a perspective of

Aristotle’s Virtue Ethics 

Kantian ethics 

Natural Law theory 

Utilitarian ethics. 

   

Question 2 

Fine Clothes Company buys clothing assembled by Gamma, Ltd, a foreign firm that employs young children for long hours and low pay. Gamma’s nation does not enforce its child labor laws. Human International Politics (HIP), a political activist organization, discovers Fine Clothes’ connection to Gamma and plans to reveal this information. Before HIP does so, however, Fine Clothes publicly releases the information itself, states that it is “shocked and disappointed” by Gamma, and announces that it is severing its relationship with Gamma. Fine Clothes adroitly publicizes its action in its advertising, and the company’s sales and profits increase, apparently as a direct result. From an ethical perspective, Fine’s conduct can best be characterized as:

Legal, moral, and socially responsible 

Ethically egoistic 

Immoral since most advertisers usually misrepresent things 

In conformity with Kantian ethics. 

  

Question 3 

Today, the term “corporate governance” encompasses:

Legal restrictions on corporate behavior, particularly from the Sarbanes-Oxley Act. 

Moral restrictions on corporate behavior, particularly from company codes of ethics. 

A societal expectation that a corporation today must be a “socially responsible” one. 

All of the above. 

   

Question 4 

A business that continues to operate its domestic factories in order to avoid layoffs rather than shift its production to lower cost facilities overseas is most directly applying which value?

Legal positivism 

Profit maximization 

Stakeholder interests 

Moral Heroism.

 

Multiple choice

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1. Sara enters an agreement with Darryl in which Darryl agrees to purchase a vacuum cleaner from Sara. Darryl signs a valid promissory note in favor of Sara, agreeing to pay $1,500 within 12 months. To close the sale, Sara misleads Darryl into believing that the vacuum cleaner is absolutely guaranteed to remove 100% of all dust particles in the home or he can be released from the promissory note, or get his money back if he has already paid the promissory note in full. In fact, no such money-back guarantee exists, and the vacuum cleaner doesn’t remove 100% of all dust particles in Darryl’s home. Twelve months later, Darryl refuses to pay the balance due on the promissory note. Which one of the following defenses may Darryl successfully raise to avoid payment of the note? 

A. Forgery 

B. Material alteration 

C. Fraud in the inducement 

D. Fraud in the execution 

 

2. Leroy writes a 450 check made payable to “Cash,” and gives the check to Laurie. Which one of the following best describes what has happened? 

A. transfer by assignment 

B. Taking for value 

C. Transfer by negotiation 

D. Transfer to a holder in due course 

 

3. Janice gives Chandler a promissory note made out in her favor, signed by Joey for $1,000. When the note comes due, Joey asserts a personal defense to avoid liability on the note. Chandler isn’t a holder in due course, and thus doesn’t benefit from the protections afforded a holder in due course, because Chandler 

A. did not take the note in good faith. 

B. should have known a defense existed to the note. 

C. should have known the note would be dishonored. 

D. did not take the note for value. 

 

4. Jacobs arranged for his utility bill to be paid by automatic draft from his checking account. One month later, Jacob’s utility bill tripled in amount from the month before, even though Jacob knew that he had used less electricity than the month before. Because Jacob believed the utility company his bank, five days before the draft was scheduled to be deducted, to refuse payment on the draft. The bank paid the draft. The bank’s payment likely violated which one of the following laws? 

A. Federal Trade Commission Act of 1914 

B. Electronic Fund Transfer Act of 1978 

C. Banking Act of 1999 

D. Electronic Communications Privacy Act of 1986