Part 6 - Test 1293

Question 1

Affirmation

Answer 1

Statement abt present or desired strength

Question 2

Change in environment

Answer 2

Change in environment affecting a business and/or its customers

Question 3

Economic CiE

u, i, g

Answer 3

Unemployments, inflations, gross domestic production

Question 4

Social CiE

v, t, h, c

Answer 4

Value, tastes, habits, compositions

Question 5

Personal CiE

b, m, l

Answer 5

Bodies, minds, lifestyles

Question 6

Technological CiE

d, b, s

Answer 6

Developments, breakthroughs, scientific applications

Question 7

Cultural CiE

v, t, p

Answer 7

Values, traditions, perspectives

Question 8

Budget

Answer 8

Estimated value of expenses over a specified period of time

Question 9

Operational

Answer 9

Forecast & analyze income & expenses over a time, includes general info; cut EXPENSES

Question 10

Cash

Answer 10

(Part of financial) Amount of cash needed and amount of cash one has; CASH

Question 11

Static

Answer 11

Based on the level of output planned at the start of the bgt period

Question 12

Financial

Answer 12

Capital expenditures, cash budget, bgted balance sheet, bgted statement of cashflows; how operations and planned capitals affect CASH

Question 13

Conflict of interest

Answer 13

Personal interest clash or potentially clash with professional obligations

Question 14

Flow through share

Answer 14

Tax shelter to reduce tax burdens, companies choose not to use their deductions and give it to investors

Question 15

Derivatives

Answer 15

Value depends on value of other financial instruments or a market index

Question 16

Offshore companies

Answer 16

Tax shelter, businesses incorporated outside the country

Question 17

Lean methodology

Answer 17

Focus on a better flow to meet the demand by increasing efficiency (eliminate waste, taking time out)

Question 18

Internal controls

Answer 18

Procedural measures of a company to ensure the integrity of financial info

Question 19

Detective (detect occurred issues) IC

Answer 19

Audits, reconciliation of petty cash/bank account, verification of refunds

Question 20

Preventative (prevent possible risks) IC

Answer 20

Ordering/accepting inventories, authorizing invoices/returns, issuing refunds

Question 21

Bandwidth

Answer 21

Maximum capacity of a wired or wireless communications, more bandwidth is more functionality

Question 22

Financial holding company

Answer 22

Wide range of financial services, supervised by federal reserve board

Question 23

Accounting firm

Answer 23

Accounting, tax preparation, auditing, bookkeeping services

Question 24

Commodities investors

Answer 24

Invest funds into goods such as raw materials, livestock and grains

Question 25

Central bank

Answer 25

Determine interest rates, controlling nation's money supply, regulating banking industry; e.g. Federal Reserve

Question 26

Consumer Price Index (CPI)

Answer 26

Prices of consumer goods, can reflect inflation (=increase=fall in stock prices)