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Title: 2016 Senior Exit Exam for Business Administration
Description: This is the real senior exit exam test without answers and to be used for study purpose and not to cheat. This is the test that Business majors take at California Baptist University when they will be graduating.
Description: This is the real senior exit exam test without answers and to be used for study purpose and not to cheat. This is the test that Business majors take at California Baptist University when they will be graduating.
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1:49 Time
Question 1 of 100
BS - Business Administration Exam Comprehensive Exam
Global Dimensions of Business - Foreign Direct Investment and Trade
Poverty Reduction and Growth Facility (PRGF) and the Exogenous Shocks Facility (ESF) are part of which
type of assistance provided by the International Monetary Fund (IMF):
A
Financial assistance
...
C
Technical assistance
...
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2:20 Time
Question 2 of 100
BS - Business Administration Exam Comprehensive Exam
Global Dimensions of Business - Foreign Direct Investment and Trade
Which one of the following types of Foreign Direct Investment (FDI) is a co-operative agreement between
firms?
A
Strategic alliance
...
C
Acquisition
...
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2:49 Time
Question 3 of 100
BS - Business Administration Exam Comprehensive Exam
Global Dimensions of Business - Foreign Direct Investment and Trade
Multinational enterprises' possession and leveraging of certain valuable, rare, hard-to-imitate, and
organizationally embedded (VRIO) assets overseas in the context of foreign direct investment refer to
__________
...
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A
Matching
B
Netting
C
Lagging
D
Pooling
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3:00 Time
Question 5 of 100
BS - Business Administration Exam Comprehensive Exam
Global Dimensions of Business - Foreign Direct Investment and Trade
__________ suggests that foreign direct investment, unrestricted by government intervention, will enable
countries to tap into their absolute or comparative advantage by specializing in the production of certain
goods or services
...
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B
New York
...
D
California
...
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A
international division structure
B
geographic area structure
C
global product division structure
D
global matrix structure
E
flexible matrix structure
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3:00 Time
Question 8 of 100
BS - Business Administration Exam Comprehensive Exam
Global Dimensions of Business - Foreign Direct Investment and Trade
The share of foreign direct investment-based value added to foreign affiliates of multinational enterprises in
world gross domestic product __________
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B
option
...
D
swap
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A
North America
B
South America
C
Asia
D
Africa
E
the Pacific
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3:00 Time
Question 11 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Equal Employment Opportunity
Detroit Automotive Company (DAC) agrees with its employees' union not to buy any non-union-produced
component parts from other firms for use in DAC products
...
A
a permissible secondary boycott
B
a prohibited secondary boycott
C
a technically legal secondary boycott
D
a unilateral one-party boycott
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3:00 Time
Question 12 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Civil and Criminal Processes
A suit is filed against Maxi Corporation, alleging that the firm committed the offense of monopolization
...
A
only Maxi's size
B
only the relevant geographical market
C
only the relevant product market
D
the relevant geographical market and the relevant product market
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3:00 Time
Question 13 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Consumer Protection
Eva borrows $10,000 from First National Bank to remodel a room in her home
...
A
the Consumer Leasing Act
B
the Magnuson-Moss Warranty Act
C
the Truth-in-Lending Act
D
the Uniform Commercial Code
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3:00 Time
Question 14 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Consumer Protection
Consumer Products, Inc
...
CPI may be subject to sanctions for __________
...
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B
It is a burden to adduce evidence to make an issue "live" in a case
...
D
It means that whenever the burden of proof is reversed to the defendant, he has to prove the defense
on a balance of probabilities
...
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As an
innovator in its market, Helio currently has the power to affect the price of its product
...
A
market power
B
predatory pricing
C
price discrimination
D
price-fixing
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3:00 Time
Question 17 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Antitrust
Imperio Caffeine Corp makes and sells coffee under a variety of brand names
...
In weighing a challenge to the deal, a court looks at the relevant product
market
...
A
no other products
B
products that are not identical but are related, such as spin-offs
C
products that are reasonably interchangeable
D
products with identical attributes only
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3:00 Time
Question 18 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Civil and Criminal Processes
Hopper wants to start Ice Rinx as a new business enterprise
...
Hopper most likely needs to
consult Josh because __________
...
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, and Golly Clubs Corporation lobby Congress to pass a law banning a competitor's
product
...
A
a violation of antitrust statutes
B
exempt from antitrust enforcement
C
not subject to antitrust law
D
subject only to antitrust common law
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3:00 Time
Question 20 of 100
BS - Business Administration Exam Comprehensive Exam
Legal Environment of Business - Equal Employment Opportunity
Loudon Machinery, Inc
...
This means that Newt
can be fired __________
...
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A
long-term performance
B
short-term performance
C
how firms can adapt to change
D
why managers make better decisions
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3:00 Time
Question 22 of 100
BS - Business Administration Exam Comprehensive Exam
Management: Organizational Behavior - Corporate Culture and Climate
Which of the following is NOT an important attribute of organizational culture?
A
Shared norms and values
...
C
Employee socialization
...
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3:00 Time
Question 23 of 100
BS - Business Administration Exam Comprehensive Exam
Management: Organizational Behavior - Individual and Group Dynamics
Globalization, workforce diversity, technological innovation, and __________ are four interrelated themes of
importance for managing organizational behavior in the 21st century
...
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B
Values reflect a person's underlying beliefs
...
D
There may be a difference between espoused and enacted values
...
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B
Customer contact behavior and skills
...
D
Service recovery and guarantees
...
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These are normally in a written for, called:
A
continuous improvement procedures
...
C
standard operating procedures
...
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3:00 Time
Question 27 of 100
BS - Business Administration Exam Comprehensive Exam
Management: Operations/Production Management - Continuous Improvement
Which of the following is NOT a key dimension of service quality?
A
Durability
...
C
Empathy
...
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3:00 Time
Question 28 of 100
BS - Business Administration Exam Comprehensive Exam
Management: Human Resource Management - HR Planning
The primary responsibility for human resource planning lies with the:
A
HR manager
...
C
trade union leader
...
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3:00 Time
Question 29 of 100
BS - Business Administration Exam Comprehensive Exam
Management: Human Resource Management - HR Planning
Trend analysis includes all of the following steps EXCEPT __________
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A
vacancies that remain unstaffed
B
overhiring followed by unnecessary layoffs
C
the departure of key employees who are seeking better career opportunities
D
a reduction in the lead time required to hire replacements
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3:00 Time
Question 31 of 100
BS - Business Administration Exam Comprehensive Exam
Accounting - Journal Entries
For which of the following accounts would a related Accumulated Depreciation account be recorded?
A
Office Equipment
B
Land
C
Office Supplies
D
Prepaid Rent
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3:00 Time
Question 32 of 100
BS - Business Administration Exam Comprehensive Exam
Accounting - Balance Sheet Analysis
In a common-size balance sheet for a retail store, the 100 percent amount is for:
A
merchandise inventory
...
C
total assets
...
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3:00 Time
Question 33 of 100
BS - Business Administration Exam Comprehensive Exam
Accounting - Accounting Data Analysis
Cash flows to sales and cash flows to assets are measured in terms of:
A
times
...
C
dollars
...
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3:00 Time
Question 34 of 100
BS - Business Administration Exam Comprehensive Exam
Accounting - Journal Entries
The general journal does not have a column titled:
A
Description
...
C
Date
...
Ref
...
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B
No journal entry would be made
...
D
The entry would include a credit to Unearned Revenue
...
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B
Purchase of gasoline for fill-up of a company car
...
D
Payment of wages
...
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B
Net income plus income tax expense divided by average total assets
...
D
Net income divided by average total assets
...
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B
lower the potential expected
...
D
lower the profits expected
...
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B
asset turnover
...
D
current ratio
...
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B
meet specific purposes or criteria related to the aims of the study
...
D
represent each group within the accessible range
...
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B
quota from within the whole population
...
D
criterion used to define eligibility for the research study
...
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B
50 per cent
...
D
97 per cent
...
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How many different random samples of 4 students can be selected?
A
4
B
20,736
C
16
D
495
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3:00 Time
Question 46 of 100
BS - Business Administration Exam Comprehensive Exam
Quantitative Research Techniques and Statistics - Hypothesis Testing
The logic of qualitative data analysis is described as:
A
objective
...
C
inductive
...
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3:00 Time
Question 47 of 100
BS - Business Administration Exam Comprehensive Exam
Quantitative Research Techniques and Statistics - Descriptive Statistics
A sample statistic, such as a sample mean, is known as __________
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A
a Type I error has been committed
B
a Type II error has been committed
C
either a Type I or Type II error has been committed
D
the correct decision has been made
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Question 49 of 100
BS - Business Administration Exam Comprehensive Exam
Quantitative Research Techniques and Statistics - Type I and Type II Errors
Concluding that there is an effect when in reality no effect exists is known as a:
A
Type II error
...
C
Standard error
...
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Question 50 of 100
BS - Business Administration Exam Comprehensive Exam
Quantitative Research Techniques and Statistics - Type I and Type II Errors
If a test of hypothesis has a Type I error probability of
...
A
if the null hypothesis is true, we don't reject if 5% of the time
B
if the null hypothesis is true, we reject it 5% of the time
C
if the null hypothesis is false, we don't reject it 5% of the time
D
if the null hypothesis is false, we reject it 5% of the time
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Question 51 of 100
BS - Business Administration Exam Comprehensive Exam
Economics: Macroconomics - Gross Domestic Product: Calculation, Use, Analysis
Over the past 40 years, the average rate of increase in real GDP per capita has been about:
A
5 percent
...
C
13 percent
...
E
2 percent
...
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B
the price is driven upward when suppliers hold back on goods and services
...
D
government intervention is needed to ensure that prices are fair for consumers
...
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B
Within the borders of that country except for those goods produced in the country by nonresidents or
with capital owned by foreigners
...
E
Anywhere that country's businesses produce goods and services
...
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B
Inflation, as measured by the GDP deflator, is more volatile than inflation as measured by the CPI
...
D
The consumer price index and the gross domestic product deflator show similar movements in
general inflation
...
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Question 55 of 100
BS - Business Administration Exam Comprehensive Exam
Economics: Macroconomics - Economics Trends and Forecasting
In 2008, consumption was roughly __________ of GDP in the United States
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A
marginal cost
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A
change in utility a person receives from consuming a good
B
change in utility a person receives from consuming a good divided by the price of that good
C
total amount of satisfaction a person receives from consuming a good
D
price a person pays for consuming a good
E
total amount of satisfaction a person receives from consuming a good divided by the price of that
good
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Question 58 of 100
BS - Business Administration Exam Comprehensive Exam
Economics: Microeconomics - Microeconomic Trends and Analysis
In a competitive market, price is taken as given by _____
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A
is the combined price of all goods and services an individual can consume
B
is the total amount of money an individual can spend on goods and services per period of time
C
is the maximum amount of money an individual can gain without earning it
D
applies only to society as a whole, not to individuals
E
is the total amount of utility an individual can receive from goods and services per period of time
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Question 60 of 100
BS - Business Administration Exam Comprehensive Exam
Economics: Microeconomics - Price, Cost, and Profit
The difference between the market price of a good and a producer's marginal cost of every unit of the good is
called _____
...
D
excess supply
E
market surplus
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Question 61 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Ethical Climate
Which one of the following is a problem presented by ethics audits?
A
They may be used to reallocate resources
...
C
Selecting auditors may be difficult
...
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B
that the moral management model is the largest segment of the normal curve
...
D
that the three models exhibit a skewed curve, weighted toward either moral or immoral management
models, depending on the society being studied
...
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Question 63 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Discrimination
__________ is defined as employment decision making conditions that are advantageous (or
disadvantageous) to members of one group compared to another group
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Question 64 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Ethical Issues
Ethical issues at the organizational level:
A
represent conflicts between two or more companies
...
C
are generally more difficult to solve than issues at the personal level
...
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B
concerned with moral issues that occur only in business
...
D
a subset of business practice
...
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Question 66 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Ethical Decision-Making
Being forthright, sincere, and honest in communicating with others is referred to as:
A
candor
...
C
feedback
...
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B
deontology
...
D
moral philosophy
...
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Question 68 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Ethical Issues
Which of the following IS NOT one of the major approaches to thinking about business ethics?
A
Conventional Approach
B
Rights and Duties Approach
C
Principles Approach
D
Ethical Tests approach
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B
Through everyone working together to support each other
...
D
Through individuals foregoing their personal interests for the good of the collective
...
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Question 70 of 100
BS - Business Administration Exam Comprehensive Exam
Business Ethics - Ethical Decision-Making
The model of ethical management in which managers fail to take morality into account when making
decisions is:
A
immoral management
...
C
semi-moral management
...
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B
Corporate Culture
...
D
Organizational Learning
...
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Question 72 of 100
BS - Business Administration Exam Comprehensive Exam
Marketing - Price
Why are firms so obsessed with the pricing element of the marketing mix?
A
Because pricing is the most difficult element of the marketing mix to change
...
C
because pricing is the only marketing element that matters to customers
D
Because pricing is the best part of the marketing mix in which to make an educated guess about the
most appropriate strategy
...
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This is especially true for firms selling consumer products in grocery stores and mass-merchandise retailers
...
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Question 74 of 100
BS - Business Administration Exam Comprehensive Exam
Marketing - Marketing Research, Planning, and Strategy
In a marketing plan, the executive summary should be a brief and to the point overview of the entire
marketing plan because:
A
the executive summary is the most important part of the plan
...
C
It identifies the resources needed to carry out the planned activities
...
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This illegal practice, called __________, occurs when two or more competitors collaborate in
setting prices
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Question 76 of 100
BS - Business Administration Exam Comprehensive Exam
Marketing - Price
Which of the following IS NOT a situation that can cause customers to be less sensitive to price increases?
A
when customers have few product choices
B
When products are highly differentiated
...
D
When the total expenditure is high
...
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Not
surprisingly, the Fairmont sets prices at the top end of all competing hotels
...
B
Image pricing
...
E
Service-based pricing
...
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Question 78 of 100
BS - Business Administration Exam Comprehensive Exam
Marketing - Price
What is the basic difference between the seller’s and the buyer’s perspectives on pricing?
A
Buyers see pricing as negotiable; sellers do not
...
C
Sellers tend to inflate prices; buyers tend to see prices as being lower
...
E
Buyers tend to inflate prices; sellers tend to see prices as being lower
...
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Question 79 of 100
BS - Business Administration Exam Comprehensive Exam
Marketing - Promotion
The inherent goal of product differentiation is to make the demand curve for a product more inelastic
...
B
makes the product more expensive than its competitors
...
D
reduces the time and effort required to obtain the product
...
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Each card will have three logos: Visa, MLB, and the team insignia
...
What type of branding strategy does this example
represent?
A
Brand licensing
...
C
Comarketing
...
E
Line extension
...
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Question 81 of 100
BS - Business Administration Exam Comprehensive Exam
Business Finance - Asset Valuation and Inventory
Which one of the following statements is CORRECT?
A
If a security analyst saw that a firm’s days’ sales outstanding (DSO) was higher than the industry
average, and was increasing and trending still higher, this would be interpreted as a sign of strength
...
In addition, it makes no
sense to evaluate the firm's DSO with the firm's credit terms
...
These ratios measure entirely different things
...
E
If a firm increases its sales while holding its accounts receivable constant, then, other things held
constant, its days’ sales outstanding will decline
...
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Question 82 of 100
BS - Business Administration Exam Comprehensive Exam
Business Finance - Business Analysis Ratios and Calculations
The long-term objective of financial management is to:
A
maximize earnings per share
...
C
maximize return on investment
...
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Which one of the following statements is CORRECT?
A
Company E probably has fewer growth opportunities
...
C
Company E must have a higher market-to-book ratio
...
E
Company E trades at a higher price earnings ratio
...
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Question 84 of 100
BS - Business Administration Exam Comprehensive Exam
Business Finance - Interest and Dividends
Which one of the following is not a real option?
A
Timing
...
C
Financial
...
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It ended the year with $155,000 of
retained earnings versus the prior year’s retained earnings of $159,600
...
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Question 86 of 100
BS - Business Administration Exam Comprehensive Exam
Business Finance - Business Analysis Ratios and Calculations
Zero Corp's total common equity at the end of last year was $430,000 and its net income was $70,000
...
98%
B
16
...
70%
D
15
...
21%
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B
The primary reason the annual report is important in finance is that it is used by investors when they
form expectations about the firm's future earnings and dividends, and the riskiness of those cash
flows
...
D
The four most important financial statements provided in the annual report are the balance sheet,
income statement, cash budget, and statement of stockholders' equity
...
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Question 88 of 100
BS - Business Administration Exam Comprehensive Exam
Business Finance - Balance Sheets and Financial Statements
What information can be found on a balance sheet?
A
The profit or loss for the accounting period
...
C
The reasons for changes to an account
...
e
...
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”
B
The reported income of two otherwise identical firms cannot be manipulated by different accounting
procedures provided the firms follow generally accepted accounting principles (GAAP)
...
D
If a firm follows generally accepted accounting principles (GAAP), then its reported net income will
be identical to its reported cash flow
...
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25%
...
What is the after-tax return on the preferred stock?
A
3
...
65%
C
4
...
74%
E
4
...
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Question 91 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Corporate Strategies
Multipoint competition occurs when:
A
firms have multiple retail outlets
...
C
diversified firms compete against each other in several markets
...
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B
are more flexible than tangible assets
...
D
discourage diversification
...
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Question 93 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Strategic Planning and Decision-Making
When resources and capabilities serve as a source of competitive advantage for a firm, the firm has created
a(n):
A
strategic mission
...
C
core competence
...
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B
top management team is satisfied with the corporation's performance
...
D
businesses in the portfolio increase the firm’s financial returns
...
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Question 95 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Stakeholders and Shareholders
Boeing is a publicly held company, whereas Airbus is a consortium with owners including the governments
of Spain, France, Germany, and the United Kingdom
...
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Question 96 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Diversification
A firm has achieved __________ when it successfully formulates and implements a value-creating strategy
...
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Question 97 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Business-Level Strategy
Before the firm decides what products to offer and what benefits and features they will have, the firm must
decide all the following questions EXCEPT:
A
who the firm should serve
...
C
what needs the firm should satisfy
...
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B
Target is using a focused cost-leadership strategy and has a much narrower competitive scope than
Wal-Mart
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D
Target uses an integrated cost leadership/differentiation strategy and appeals to a different customer
than does Wal-Mart
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Question 99 of 100
BS - Business Administration Exam Comprehensive Exam
Business Integration and Strategic Management - Business-Level Strategy
Backward integration occurs when a company:
A
produces its own inputs
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C
is concentrated in a single industry
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Title: 2016 Senior Exit Exam for Business Administration
Description: This is the real senior exit exam test without answers and to be used for study purpose and not to cheat. This is the test that Business majors take at California Baptist University when they will be graduating.
Description: This is the real senior exit exam test without answers and to be used for study purpose and not to cheat. This is the test that Business majors take at California Baptist University when they will be graduating.