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BUS475 final part 2

Satisfactory Essays

BUS/475 Capstone Final Exam part 2 Study Guide

1. The market opportunities most relevant to a particular company are those that Answer: offer the best growth and profitability.

2. Printing Equipment (NPE) produces equipment that helps to print newspapers and magazines. The company sells directly to printers and through wholesalers. Its salespeople negotiate prices with individual customers and often have to match competitors' prices. NPE has a new product, the Gutenberg NP201, with some competitive advantages now, but competitors are expected to follow quickly with similar products. The new product is being introduced into a market with elastic demand. In regard to freight charges for its equipment, NPE's invoice reads, "Seller pays …show more content…

Answer: Assets overstated; expenses understated

28. The overriding goal of a control system is to enable the __________ and __________ of the business.
Answer: survival, long-term success

29. A distribution center for a chain of electronics supply stores fills and ships orders to retail outlets. A random sample of orders is selected as they are received and the dollar amount of the order (in thousands of dollars) is recorded, and then the time (in hours) required to fill the order and have it ready for shipping is determined. A scatterplot showing the times as the response variable and the dollar amounts (in thousands of dollars) as the predictor shows a linear trend. The least squares regression line is determined to be: yˆ= 0.76 +1.8x. A plot of the residuals versus the dollar amounts showed no pattern, and the following values were reported: Correlation r +0.90; R 2 = 0.81; standard deviation of the residuals is 0.48. What percentage of the variation in the times required to prepare an order for shipping is accounted for by the fitted line?
Answer: 81%

30. Ethnic markets are becoming more important to marketers because
Answer: they make a clear segment with similar backgrounds and common language, religion, and culture.

31. To arrive at net cash provided by operating activities, the statement of cash flows prepared by the indirect method starts with net income and

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