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Title: BUS 475 Week 4 Knowledge Check Latest UOP Assignment


1

BUS 475 Week 4 Knowledge Check
  • By www.uopeassignments.com

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  • 1. A fast-food restaurant asks customers to
    evaluate the drive-thru service as good, average,
    or poor. What level of data measurement is this
    classification?
  • Nominal
  • Ordinal
  • Interval
  • Ratio
  •  2. In order to determine the average amount
    spent in November on Amazon.com a random sample
    of 144 Amazon accounts were selected. The sample
    mean amount spent in November was 250 with a
    standard deviation of 25. Assuming that the
    population standard deviation is unknown, what is
    a 95 confidence interval for the population mean
    amount spent on Amazon.com in November?
  • (245.88, 254.12)
  • (247.47, 260.09)
  • (250.64, 256.92)
  • (251.34, 256.22)
  •  
  • Complete Answers just a click away BUS 475 Week 4
    Knowledge Check

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  • 3. A shipment of 20 DVDs has arrived at a video
    rental store. Based on past experience, the
    manager knows that 10 of all new DVDs sent to
    the store have a visible defect. The manager
    tells you to begin inspecting the new DVDs one at
    a time at random until you find the first DVD
    that has a defect. If 10 of the DVDs have a
    visible defect in the new shipment, what is the
    probability that the first DVD that has a defect
    is the 3rd one that you inspect? (Round your
    answer to 3 decimal places.)
  • .081
  • .268
  • .089
  • .716
  •  
  • 4. An insurance agent has selected a sample of
    drivers that she insures whose ages are in the
    range from 1642 years old. For each driver, she
    records the age of the driver and the dollar
    amount of claims that the driver filed in the
    previous 12 months. A scatterplot showing the
    dollar amount of claims as the response variable
    and the age as the predictor shows a linear
    regression line with y3710 55.4x. If the age
    of a driver increases by 1 year, by how much and
    in what direction would the dollar amount of
    claims be predicted to change for the driver?
  • Increase by 55.4 dollars
  • Decrease by 55.4 dollars
  • Increase by 3710 dollars
  • Increase by 3,654.6 dollars
  •  
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  • 5. A researcher claims that the proportion of
    employees who play video games in the workplace
    is higher than it was 10 years ago. You might be
    willing to reject the null hypothesis of no
    change with a 0.10 or larger. The p-value for
    this test is 0.15. In this case the researcher
    should
  • not reject the null hypothesis
  • reject the null hypothesis
  • continue with further testing because the result
    is inconclusive
  • change the testing from nonparametric to
    parametric
  •  
  •  6. The general plan of major actions through
    which a firm intends to achieve is long-term
    objectives is called its
  • corporate plan
  • long-term goal
  • grand strategy
  • mission
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  •  
  • 7. How valuable a low-cost leader's cost
    advantage is depends on
  • whether it is easy or inexpensive for rivals to
    copy the low-cost leader's methods or otherwise
    match its low costs
  • how easy it is for the low-cost leader to gain
    the biggest market share
  • the aggressiveness with which the low-cost leader
    pursues converting the cost advantage into the
    absolute lowest possible costs
  • the leader's ability to combine the cost
    advantage with a reputation for good quality
  •  
  • 8. Which of the following represent marketing
    capabilities at the growth stage of industry
    evolution?
  • Skills in aggressively promoting products to new
    markets and holding existing markets and pricing
    flexibility
  • Ability to establish brand recognition, find
    niche, reduce price, solidity strong distribution
    relations and develop new channels
  • Cost effective means of efficient access to
    selected channels and markets and strong customer
    loyalty or dependence
  • Resources or skills to create widespread
    awareness and find acceptance from customers
    advantageous access to distribution
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  •  9. __________ is an organization structured
    around the idea of sharing knowledge, seeking
    knowledge, and creating opportunities to create
    new knowledge.
  • A global company
  • A modular organization
  • An ambidextrous organization
  • A learning organization
  •  
  • 10. Which of the following types of strategic
    control has a low degree of formalization?
  • Special alert control
  • Implementation control
  • Strategic surveillance
  • Premise control
  •  Find the quiz answers here BUS 475 Week 1
    Knowledge Check

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  • 11. Investors and creditors are particularly
    interested in this financial statement because it
    tells them what is happening to the companys
    most important resource?
  • Statement of cash flows
  • Income statement
  • Retained earnings statement
  • Balance sheet
  •  
  • 12. The cash basis of accounting is prohibited
    under GAAP for the following reason
  • It divides the economic life of a business into
    artificial time frames.
  • It violates the revenue recognition principle and
    the expense recognition principle.
  • It fails to provide for adjusting entries.
  • It records revenues only in the time period in
    which they are received.
  •  
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  • 13. Use the following data to determine the total
    dollar amount of assets to be classified as
    property, plant, and equipment. Eddy Auto
    Supplies Balance Sheet December 31, 2014 Cash
    84,000 Accounts payable 110,000 Accounts
    receivable 80,000 Salaries and wages payable
    20,000 Inventory 140,000 Mortgage payable
    180,000 Prepaid insurance 60,000 Total
    liabilities 310,000 Stock investments 170,000
    Land 190,000 Buildings 226,000 Common stock
    240,000 Less Accumulated Retained earnings
    500,000 depreciation (40,000) 186,000 Total
    stockholders equity 740,000 Trademarks 140,000
    Total liabilities and Total assets 1,050,000
    Stockholders equity 1,050,000
  • 686,000
  • 516,000
  • 556,000
  • 376,000
  •  
  • 14. The manager of Weiser is given a bonus based
    on net income before taxes. The net income after
    taxes is 35,700 for FIFO and 29,400 for LIFO.
    The tax rate is 30. The bonus rate is 20. How
    much higher is the manager's bonus if FIFO is
    adopted instead of LIFO?
  • 9,000
  • 12,600
  • 1,800
  • 6,300
  • To download the complete answer check BUS
    475 Week 1 Complete Class

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  • 15. The SarbanesOxley Act of 2002 requires
    publicly traded U.S. companies to take the
    following actions to defect and prevent fraud
  • Adopt accrual basis of accounting, maintain an
    adequate system of internal controls, and create
    penalties for noncompliance
  • Maintain an adequate system of internal controls,
    ensure that internal controls are reliable and
    effective, and hire independent auditors to
    attest adequacy of internal controls
  • Ensure internal controls are reliable and
    effective, corporate executives must
    independently review internal controls, and
    submit all financial statements to the Public
  • Company Accounting Oversight Board
  • Maintain an adequate system of internal controls,
    provide additional training to managers and
    accountants regarding internal controls, and
    publish internal controls on the companys public
    website
  •  
  • 16. On July 1, 2014, Linden Company purchased the
    copyright to Norman Computer Tutorials for
    140,000. It is estimated that the copyright will
    have a useful life of 5 years. The amount of
    amortization expense recognized for the year 2014
    would be
  • 28,000
  • 13,125
  • 25,900
  • 14,000
  •  
  • Want to see the complete Individual BUS 475 All
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  • 17.ABC Corp. receives a 7-month interest-bearing
    promissory note in the amount of 360,000 on
    February 1. The interest rate is 15. What is the
    total interest expense ABC Corp will record
    assuming ABC makes all of its payments?
  • 54,000
  • 31,500
  • 4,500
  • 36,000
  •  
  • 18. Logan Corporation issues 50,000 shares of 50
    par value preferred stock for cash at 60 per
    share. The entry to record the transaction will
    consist of a debit to cash for 3,000,000 and a
    credit or credits to
  • preferred stock of 3,000,000
  • preferred stock for 2,500,000 and paid-in
    capital in excess of par valuepreferred stock
    for 500,000
  • preferred stock for 2,500,000 and retained
    earnings for 500,000
  • paid-in capital from preferred stock for
    3,000,000
  •  
  • Complete Answers here BUS 475 Week 2 Quiz
    Question Answers

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  • 19. Which of the following tools of analysis is
    used to evaluate financial statement information
    by expressing financial statement data as a
    percentage over a base amount?
  • Vertical analysis
  • Horizontal analysis
  • Ratio analysis
  • Industry averages
  • 20.The SarbanesOxley Act of 2002 requires
    publically-traded U.S. companies to provide great
    internal controls. The five primary components of
    an internal control system include a control
    environment, risk assessment, information and
    communication, monitoring, and
  • Establishment of responsibility
  • Segregation of duties
  • Control activities
  • Human resource controls
  •  
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  • This article covers the topic for the University
    Of Phoenix BUS 475 Week 4 Knowledge Check The
    author is working in the field of education from
    last 5 years. This article covers the basic
    of BUS 475 Week 4 Knowledge Check Assignment from
    UOP. Other topics in the class are as follows
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  • BUS 475 Week 1 Knowledge Check
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  • BUS 475 Week 4 Knowledge Check
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