WPC 150 Study guides, Class notes & Summaries

Resources that a firm owns are called : assets When companies owe money to creditors, suppliers, and others, these outstanding amounts are recorded on the balance sheet as : liabilities. Accounting provides financial information that can be useful to owners, creditors, suppliers, employees, and investors of an organization. : True What is an example of a financial transaction? : A firm purchases a fire insurance policy. Accounting provides information about the financial condition an...

Which of the following was a former Enron executive? : Jeff Skilling How did the Wall Street Journal reporters find out about the partnership agreements that Enron was engaged in? : SEC filings Which of the following is true regarding the charges brought against Ken Lay by federal criminal authorities? : Lay was charged with misleading investors, plead not guilty, was convicted in 2006, but his conviction was vacated due to his death shortly after the trial. After listening to the ep...

What is not one of the reasons that a company might spend money to move their facilities? : Better looking building True or False: Time utility is related to Economic utility in that products are made available to customers when they need them. : False True or False: An import quota increases the number of products in certain categories a nation can import : False True or False: Just-in-Time (JIT) is a production process in which a minimum of inventory is kept on the premises and p...

Within Facebook, the team that first identified this unintended side effect of the algorithm where employed as _____________. : data scientists What does the article suggest was Facebook's original intention behind the algorithm adjustment? : Encourage interaction rather than passive content consumption. True or false: the article suggests that Facebook is willing to help resolve the issues that the changes have caused, but the solution needs to maintain the levels of user engagemen...

Sinek uses the following examples of leaders to illustrate his main arguments: : •Martin Luther King, Jr. •Samuel Pierpont Langley Sinek realized goal-setting was key to inspiration. Specifically, he argued that motivational leaders that set specific, measurable, achievable, realistic, and time bound goals and never give up on them. : False Sinek's great discovery was that there is a pattern to understanding leadership; all great leaders think, act, and communicate in the same wa...

In the Wall Street Journal regarding Harley Davidson's repositioning of its marketing strategy, Harley Davidson is: : Returning to making big, expensive motorcycles From Seth Godin's Ted Talk on How to Get Your Ideas to Spread, his primary contention on which products have the best chance of being talked about, what gets shared with others and what gets purchased is most likely correlated with which products are: : Remarkable

Costs associated with the conflicts of interest between the managers and the shareholders of a corporation are called: : agency costs. One way to mitigate agency problems is to include shares of company stock in executive compensation packages. : True Present value is defined as: : future cash flows discounted to the present by an appropriate discount rate. Understanding basic principles of finance is important for : All of the above If stock markets are efficient, which of the follo...

WPC 150- Chapter 2, Exam Questions and answers, rated A+ Huge differences in the wealth of relatively similar countries such as North and South Korea are an example of how different ______ and political conditions affect businesses. Economic ______ is the study of the operation of a nation's economy as a whole. Macroeconomics Observing the distribution of goods and services to competing groups and understanding how society chooses to employ resources in this process is the study of ....

WPC 150: Marketing Workbook, Exam Questions and answers, RATED A+ Marketing is the activities, sets of institutions, and processes that add ______ for customers. value The first era in marketing was a focus on producing as much as possible because of high demand. This was termed the _____ era which was followed by the selling era, the marketing concept era and finally the customer relationship era.. production States use marketing to attract many groups. Choose the two main groups fro...

WPC 150: How Great Leaders Inspire Action – Exam Review Questions and answers, rated A+ Sinek uses the following examples of leaders to illustrate his main arguments: •Martin Luther King, Jr. •Samuel Pierpont Langley Sinek realized goal-setting was key to inspiration. Specifically, he argued that motivational leaders that set specific, measurable, achievable, realistic, and time bound goals and never give up on them. False Sinek's great discovery was that there is a pattern to...