301-350 MGT

301.Intertek's product quality inspections help protect brand reputations by minimizing defective merchandise, customer complaints, non-compliant products, and late shipments. This is an example of _____ control.

• A) preliminary

• B) postaction

• C) screening

• D) financial

• E) structural

302.Which of the following types of control is used for resources such as retained earnings?

• A) Financial control
  
  

• B) Structural control

• C) Operating control

• D) Interim control

• E) Nonmonetary control

303.Hermes is a taxi service that asks customers to fill out an online feedback form once their ride is complete. Hermes is making use of _____ operations control.

• A) preliminary
  
  

• B) screening

• C) structural

• D) postaction

• E) decentralized

304.A publishing firm will use a(n) _____ budget to forecast and plan the demand for young adult books in Southeast Asia in the coming year.

• A) labor
  

  
  

• B) capital expenditures

• C) operating

• D) balance sheet

• E) space

305.A state university develops a budget that shows its projected income from sources that include government funding, tuition fees, alumni contributions, and research grants. This is an example of a(n) _____ budget.

• A) operations
  

• B) capital expenditures

• C) nonmonetary

• D) output

• E) revenue

306.During the scheduling of a project, a plant manager is told that she has 30 workers for 6 hours a day, 5 days a week. This is part of a(n) _____ budget.

• A) capital expenditure
  
  

• B) master

• C) space

• D) labor

• E) personnel

307.Which of the following summarizes the financial performance of an organization over a period of time?

• A) Balance sheet
  
  

• B) Liquidity ratio

• C) Cash flow statement

• D) Income statement

• E) Debt statement

308.John began his company making herb vinegars from a recipe his grandmother had given him. As demand grew, he had to buy a large commercial kitchen. Which of the following ratios would a banker be most interested in before allowing John to borrow $500,000?

• A) Liquidity ratio
  
  

• B) Balance sheet

• C) Return on investment

• D) Operating ratio

• E) Debt ratio

309.Which of the following reflects a firm's ability to meet its long-term financial obligations?

• A) Debt ratio
  
  

• B) Balance sheet

• C) Return on investment

• D) Profit budget

• E) Liquidity ratio

310.Which of the following ratios assesses the ease with which an organization's assets can be converted into cash?

• A) Liquidity ratio
  
  

• B) Profitability ratio

• C) Debt ratio

• D) Operating ratio

• E) Coverage ratio