Bender Day 6

Question 1

Examples of economic leading indicators:

Answer 1

1. Building permits
2. Orders for goods
3. Price changes of materials

Note: manufacturing and trade sales are coincidental indicators

MCQ-07858

Question 2

Equation: Cost of Preferred Stock

Answer 2

= Preferred Stock Dividend / Net Proceeds

Preferred Stock Dividends = Div % × Par Value

MCQ-06988

Question 3

Monopolistic competition is characterized by:

Answer 3

A relatively large group of sellers who produce differentiate products

MCQ-03443

Question 4

Change MGMT Controls: define Revision Access

Answer 4

Running a parallel simulation with the new POS System and legacy system

MCQ-14512

Question 5

A product quality related cost incurred in detecting individual products that do not confirm to specifications is called:

Answer 5

Appraisal cost

MCQ-03896

Question 6

In IC, policy and procedure deployment falls within what component?

Answer 6

Existing Control Activities

MCQ-00502

Question 7

What is the impact of a government support program?

Answer 7

Lead to surpluses

Support program Acts as a subsidy that will encourage suppliers to increase some beyond equilibrium

MCQ-03735

Question 8

Characteristics of Total Quality MGMT

Answer 8

1. Customer focus
2. Continuous Improvement
3. Quality circles

note: waste reduction is apart of Lean Manufacturing

MCQ-06790

Question 9

What economic indicators tends to occur as a result of economic activity?

Answer 9

Lagging indicator

Average duration of unemployment

MCQ-07816

Question 10

In order to sell at the rate of output in markets controlled by monopolists, price is set where:

Answer 10

Marginal revenue equals marginal costs

MCQ-03430