Unit 4 Test Review Spring 2024

Selling shares in the company to raise money for a new venture is referred to as ___________ funding.

Cash register paper and shipping forms used by a business would be classified as industrial materials

Why are accurate accounting records important to a business?

Marketing occurs wherever customers are

Both manufacturers and service businesses rely on scheduling.

.Which of the following presents the first three steps in the accounting cycle in the correct order:

Recording the finances of the business is the overall purpose of accounting

An operations manager must determine the sequence materials will take through the production process. This is known as

Operations managers must work closely with managers and employees in

Which of the following categories of information are found on a balance sheet:

Which of the following items likely cannot / wouldn't be marketed:

The finance function is usually responsible for which of the following processes:

What provides the basis for all marketing goals and actions? ( Starting Point)

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings

Decisions about financing refer to the

Which of the following financial reports provides estimates of when, where, and how much money will come into and out

Which is not a main factor in a business's site selection decision

Which of the following is a marketing activity:

The difference between service providers’ and manufacturers’ operations activities is that service providers produce

In the marketing concept, whose point of view matters most?

Which of the following is a capital investment decision:

A philosophy of conducting business that is based on the belief that all business activities should be aimed

Deciding how to transport goods is part of which operations activity?

The 4 P's of Marketing are - Price, Place, Product & Promotion

Which of the following groups makes regular use of a business’s managerial accounting information:

Which is a durable good?

Any paid form of nonpersonal presentation of ideas, goods, or services is

Money owed to the business is known as

The goal of the finance function is to ensure profitability & reduce risk

The cash conversion cycle should be