Question 1

1.  

One type of investment that would not be suitable for marketable securities would be:

[removed]		bankers’ acceptances
[removed]		short-term notes of U.S. government agencies
[removed]		negotiable CD’s
[removed]		mortgages

 

Question 2

1.  The objective of managing current assets and liabilities is to

 

[removed]		achieve as low a level of current assets as possible.
[removed]		achieve as low a level of current liabilities as possible.
[removed]		achieve a balance between profitability and risk that contributes to the firm’s value.
[removed]		achieve as high a level of current liabilities as possible.

 

Question 3

1.  The goal of a company’s cash management policy is to

 

[removed]		increase the cash conversion cycle.
[removed]		increase the payment period.
[removed]		minimize the cash requirement.
[removed]		maximize cash outflows.

 

Question 4

1.  Working capital does not include:

 

[removed]		cash
[removed]		accounts receivable
[removed]		marketable securities
[removed]		property, plant, and equipment

 

Question 5

1.  Calculation of a firm’s average collection period is the same as calculating the:

 

[removed]		accounts receivable cycle
[removed]		inventory cycle
[removed]		accounts payable cycle
[removed]		short-term operating cycle

  

Question 6

1.  A negative cash conversion cycle indicates that the

 

[removed]		operating cycle exceeds the average payment period.
[removed]		average payment period exceeds the operating cycle.
[removed]		firm is shortening its average payment period and lengthening its average collection period.
[removed]		lengthening its average collection period and lengthening its inventory period.

  

Question 7

1.  The time between when a payee sends payment and the funds are credited to the payer’s bank account is called the:

 

[removed]		collection float
[removed]		disbursement float
[removed]		total float
[removed]		transmittal float

  

Question 8

1.  Sources of short-term financing such as accounts payable, notes payable, and accruals should be used to finance:

 

[removed]		all current assets
[removed]		all fixed assets
[removed]		a portion of the current assets needed to support nonseasonal sales levels plus all of the seasonal build-up in current assets
[removed]		a portion of the fixed assets plus all of the seasonal build-up in current assets

  

Question 9

1.  Holding all other factors constant, if a firm increases its current liabilities relative to total assets,

 

[removed]		it increases return and reduces risk.
[removed]		it increases return and increases risk.
[removed]		it reduces return and reduces risk.
[removed]		it reduces return and increases risk.

  

Question 10

1.  If a firm purchases materials on credit and thus has accounts payable, its cash conversion cycle will be:

 

[removed]		longer than its operating cycle
[removed]		the same length as its operating cycle
[removed]		shorter than its operating cycle
[removed]		the same length as its sales turnover cycle

  

Question 11

1.  Firms who wish to obtain short-term secured loans generally have two major current assets available as collateral in the form of:

 

[removed]		cash and marketable securities
[removed]		receivables and inventory
[removed]		receivables and factoring
[removed]		inventory and floor planning

  

Question 12

1.  Net working capital is defined as:

 

[removed]		current assets plus current liabilities
[removed]		current assets less fixed assets
[removed]		current assets less current liabilities
[removed]		current liabilities plus long-term liabilities

  

Question 13

1.  Commercial finance companies obtain loanable funds:

 

[removed]		to a lesser extent than commercial banks through equity capital
[removed]		through both long- and short-term borrowing
[removed]		from the Small Business Administration
[removed]		primarily from the sale of preferred stock

  

Question 14

1.  The prime rate offered by commercial banks is their _____________ rate to their ______________ quality business customers.

 

[removed]		highest, highest
[removed]		lowest, lowest
[removed]		lowest, highest
[removed]		highest, lowest

  

Question 15

1.  The most important reason for directly issuing or using commercial paper dealers is:

 

[removed]		the cost of borrowing is generally less than regular bank rates
[removed]		it’s a profitable alternative to the purchase of Treasury bills
[removed]		the avoidance of compensating balances
[removed]		the convenience and profitability

  

Question 16

1.  The bank line of credit is:

 

[removed]		the type of business activity on which a particular bank concentrates its lending
[removed]		the maximum amount of credit extended to a business customer during a period of one year
[removed]		the average of loans made to a business customer during a year
[removed]		the loan limit that a bank has established for a business customer

  

Question 17

1.  Permanent current assets are:

 

[removed]		accounts receivable that have become bad debts
[removed]		inventories that have become obsolete
[removed]		the level of current assets equal to fixed assets
[removed]		the level of current assets needed to support sales

  

Question 18

1.  If a firm actually sells its accounts receivable, the process is known as:

 

[removed]		wholesale financing
[removed]		floor planning
[removed]		field crediting
[removed]		factoring

  

Question 19

1.  The purchaser may deduct 2% from the purchase price if payment is made within 10 days; but if not paid within 10 days, the net amount of the purchase is due within 30 days. The sale is made on what terms?

 

[removed]		10/30, net/2
[removed]		2/10, net/30
[removed]		2/30, net/10
[removed]		10/2, net/30

  

Question 20

1.  A __________________ is a claim against a customer’s inventory when the individual items are indistinguishable.

 

[removed]		floor plan receipt
[removed]		trust receipt
[removed]		warehouse receipt
[removed]		blanket inventory lien

 

At the end of each module, you will apply the module’s concepts by completing comprehensive assignments from the textbook.

Complete problems P16A-17B (p. 898), P16A-19B (p. 899),  P18-24A (p. 979), P18-26A (p. 980) in your textbook.

Present your analysis of the assigned problems in Excel format. Enter non-numerical responses in the same worksheet using textboxes.

 

Directions: Type out the answers to all questions on a separate sheet of paper. This sheet of paper or document will be known as the “Answer Sheet for Final Exam” Be sure to number your answer sheet in the same way the questions on the Final Exam are numbered. For this assignment, your answer sheet should be numbered from 1 through 50.

 

Where to submit Final Exam: When you complete the assignment, you will submit it either by uploading it as an attachment or by cutting and pasting the assignment from your word processing program into the textbox. Both of these options appear at the bottom of the assignment page. If you cut and paste your assignment into the textbox, be sure to do so by choosing the option to “Paste from Word.” Using this option will maintain your original formatting. To access the “Paste from Word” option, click on the three dots that appear in the box in the far right hand corner of the textbox. After you do this, several more buttons should appear. Once these buttons appear, click on the arrow beside the picture of the clipboard in order to see the option “Paste from Word.” Click on this option and follow the directions provided.

If you submit your final exam as an attachment, label it in the following way: FELastName. If I were submitting the final exam, I would label it in the following way: FETolbert.

 

 

If you submit the final exam as an attachment, be sure to save it and attach it as a Rich Text Format (RTF) since the majority of computers can open an RTF attachment. If you submit the final exam as an attachment that my computer will not open, I will return the assignment to you ungraded. The assignment will remain ungraded until you submit it in a form my computer will open.

 

 

When to Submit Your Assignment: The Final Exam is due by 11:59 Eastern Standard Time on Sunday, December 14, 2014.

 

How to Format Assignment:

Title: Center the following information at the top of the completed exercise:

Answer Sheet for Final Exam

Font: 12pt Times New Roman

Spacing: Double Spacing

 

 

 

 

 

 

 

EDCP 103 Final Exam

Fall 2014

 

 

Section I: Multiple choice and fill-in-the-blank

Each question in this section is worth 1 point.

 

 

Questions 1-6

Three passages out of the four in each question contain sentence fragments or run-on sentences. Choose the one correct sentence that is error-free.

 

1.        

 

1. Taking classes at night helps me develop my job skills it also works well with my schedule.

2. Taking classes at night helps me develop my job skills, it also works well with my schedule.

C)   Taking classes at night helps me develop my job skills; it also works well with my schedule.

D)  Taking classes at night helps me develop my job skills. And also works well with my schedule.

 

2.

 

1. There are several good techniques for cleaning a room. For example, starting at the top of the room.

2. If time is limited, don’t worry, you can set aside fifteen minutes a day until you are done.

3. Label a box for items to be donated. And another one for trash.

4. When dealing with clutter, try to find a place for each item the first time you pick it up.

 

3.

 

1. Both authors use imagery in their writing, it helps them create more vivid descriptions.

2. The beach has become crowded lately I don’t even like to go there.

3. Each trainer at the gym has been educated about gym safety and knows how to use all of the equipment.

4. The health effects of pesticides are not completely known, scientists continue to research this topic.                             

 

4.

 

1. Check the library’s hours before you leave; it closes early on some days.

2. An advisor can help students understand their degree plans. To help with course selection.

3. We take our dog to be groomed once a month. Although it is expensive.

4. Why bother making the bed, it will just get messed up again tomorrow.

 

5.

 

1. Joseph had laser eye surgery. Because he wanted to drive without glasses.

2. Joseph had laser eye surgery. To be able to drive without glasses.

3. Joseph had laser eye surgery, he wanted to drive without glasses.

4. Joseph had laser eye surgery because he wanted to drive without glasses.

 

6.

 

1. The Italian restaurant down the street is pretty good. Even though the service is slow.

2. We usually go there once a week, I always order ravioli.

3. If the weather is nice, we’ll sit outside, but the dining room is also pleasant.

4. I recommend ordering dessert the tiramisu is delicious.

 

Questions 7-12

Fill in the blank with the correct verb that agrees in number with the subject. Choose from those listed in parentheses.

 

7.        The executive committee ___________ its decisions through our newsletter. (publicizes, publicize)

 

8.        The children or the babysitter ____________ going to clean up that mess. (is, are)

 

9.         Sprawled across the floor ____________ numerous clues to who committed the crime. (was, were)

 

10.      There ____________ four areas of the park in which dogs are welcome. (is, are)

           

11.      A cup of tea and a good TV show ____________ me relax after a long day. (helps, help)

           

12.      A full box of cookies ____________ too tempting for the children to pass up. (was, were)

 

Questions 13-16

Choose the sentence that uses correct parallel structure.

 

13.     

 

A) The types of music I enjoy are pop, R&B, and relaxing to jazz.

B)   The types of music I enjoy are pop, jazz, and R&B is my favorite.

C)   I enjoy listening to pop, R&B, and jazz.

D) I enjoy listening to pop, R&B, and also like jazz.

 

14.     

 

A) The volunteers gathered their supplies, loaded the truck, and set off for the work site.

B)   The volunteers gathered their supplies, loaded the truck, and they all set off for the work site.

C)   The volunteers gathered their supplies, are loading the truck, and set off for the work site.

D) The volunteers are gathering their supplies, loaded the truck, and setting off for the work site.

 

15.     

 

A) Craig always keeps his cell phone with him to check his email, update his calendar, and it has all his contacts in it.

B)   Craig always keeps his cell phone with him to check his email, update his calendar, and contacting his friends.

C)   Craig always keeps his cell phone with him to check his email, update his calendar, and contact his friends.

D) Craig always keeps his cell phone with him to check his email, update his calendar, and mainly he wants to contact friends.

 

16.     

 

A) By participating in school meetings, students learn to listen to others, express their own concerns, and they take turns leading the meeting.

B)   By participating in school meetings, students learn to listen to others, express their own concerns, and lead a meeting.

C)   By participating in school meetings, students learn to listen to others, express their own concerns, and to lead a meeting.

D) By participating in school meetings, students learn to listen to others, express their own concerns, and leading the meeting.

 

 

Questions 17-22

Select the sentence that uses correct punctuation

 

17.     

 

A)        Mother said that I should buy milk on the way home if the store is open.

B)         Mother said I should buy milk on the way home if the store is “open.”

C)         Mother said, that I should, buy milk on the way home if the store is open.

D)        Mother said “that I should buy milk on the way home if the store is open.”

 

18.     

 

A)        The mainstream media does’nt always report on the stories’ I want to hear.

B)         The mainstream media doesn’t always report on the story’s I want to hear.

C)         The mainstream media doesn’t always report on the stories I want to hear.

D)        The mainstream media doesnt always report on the stories I want to hear.

 

19.     

 

A)        Although, electronic cigarettes produce no smoke some areas have still moved to ban them.

B)         Although electronic cigarettes produce no smoke, some areas have still moved to ban them.

C)         Although electronic cigarettes produce no smoke some areas, have still moved to ban them.

D)        Although, electronic cigarettes produce no smoke, some areas have still moved to ban them.

 

20.     

 

A)        The city installed expensive gunshot detection cameras in 2012 but, they have not been effective at identifying shooters.

B)         The city installed expensive gunshot detection cameras, in 2012 but they have not been effective at identifying shooters.

C)         The city installed expensive gunshot detection cameras in 2012 but they have not been effective at identifying shooters.

D)        The city installed expensive gunshot detection cameras in 2012, but they have not been effective at identifying shooters.

 

21.     

 

A)        The STEM club, which meets weekly encourages students to explore topics in science, technology, and mathematics.

B)         The STEM club, which meets weekly, encourages students to explore topics in science, technology, and mathematics.

C)         The STEM club which, meets weekly, encourages students to explore topics in science, technology, and mathematics.

D)        The STEM club which meets weekly encourages students to explore topics in science, technology, and mathematics.

 

22.     

 

A)        Because of the unusually snowy winter some school districts have extended the school day to make up for lost time.

B)         Because, of the unusually snowy winter, some school districts have extended the school day to make up for lost time.

C)         Because of the unusually snowy winter, some school districts have extended the school day to make up for lost time.

D)        Because of the unusually snowy winter, some school districts, have extended the school day to make up for lost time.

 

 

Questions 23-24

Select the sentence with no errors in capitalization.

 

23.     

 

A)        There is one goal that Traci put before all others: graduating by December.

B)         My Mother and Father are hoping that I will move out by next year.

C)         Visiting the eiffel tower was an unforgettable experience.

D)        Jordan is studying Psychology with a minor in Anthropology.

 

24.      

 

A)        We plan to visit a Theme Park during our next weekend trip.

B)         Driving East in the morning can irritate one’s eyes because of the sun.

C)         The Presidents’ Day picnic will be held at Fairview Park.

D)        The President of our Book Club will preside over the monthly meeting.

 

 

Section II: Revising Sentences

Each question in this section is worth 2 points.

 

 

 

Questions 25-30

Rewrite the passages to eliminate any sentence fragments or run-on sentences.

 

 

25.Running is my favorite part of the triathlon, biking’s the worst.

 

 

26.There are many foods commonly eaten in Latin American countries. For example rice and beans.

 

 

27.Speaking more than one language is not confusing for a child, it is a good experience. Although it can be challenging when the child speaks languages the parents don’t.

 

 

28.Smaller airports offer the convenience of shorter lines, parking is closer. Though destinations may be limited.

 

 

29.Teaching Rex to sit was easy, it was fetch that he wasn’t so good at. But eventually mastered.

 

 

30.Mobile phones are great tools they can also interfere with one’s life.

 

 

 

Questions 31-35

Revise the sentences to eliminate errors in pronoun use.

 

31.I work much better when the boss doesn’t hover over you with instructions on what to do.

 

 

32.My older brother is an electrician, but I’m not interested in it.

 

 

33.I discovered when I went to sell my old textbooks that they’ve put out new editions, and nobody wants to buy them.

 

 

34.If the team leader wants to hold a meeting, then they should choose a time that is convenient for everyone.

 

 

35.When an athlete is getting ready for competition, you have to be mentally and physically prepared.

 

Questions 36-40

Each passage contains one or more shifts in tense. Revise each passage so that it maintains consistent tense.

 

36.A deer makes its way cautiously out of the woods and steps into the meadow, but when a flock of geese flies noisily overhead, the deer ran back to the shelter of the trees.

 

 

37.As I look through the file folder, I wonder if I might have thrown away this month’s bank statement by accident. Then I remembered that I brought it to work and never brought it home.

 

 

38.Martin stayed home from work when his son had the flu, and he discovered just how busy a day at home can be. His son was constantly asking for drinks and wants to be entertained.

 

 

39.When we decided to throw a surprise party, we had no idea it would be so surprising for everyone. We were waiting for the guest of honor to show up at the front door when suddenly he sneaks in from the back door and yells “Surprise!”

 

 

40.When the kids arrived at the field, their coach was waiting for them. To their surprise, he says, “Come on! We’ve been waiting for you.”

 

 

Questions 41-46

Correct the passages by adding punctuation. The punctuation marks you may need are quotation marks, commas, apostrophes, question marks, exclamation marks, and periods.

 

41.Do you ever wonder about the future of the Internet asked George What will be the browser of the future

 

 

42.Sally told me that my socks were dirty my shoes were unpolished and my shirt was wrinkled but I didn’t pay any attention to her because I was in a hurry

 

 

43.Weve decided that the groups presentation will be on conserving water

 

     

44.The passengers hurried toward the trains platform as the conductor shouted All aboard

 

 

45.Saving money staying healthy and spending time with family are three reasons to eat more meals at home

 

 

46.When looking at a web page ask yourself whether the information comes from a reliable source

 

 

 

Section III: Composing and Revising Paragraphs

Each question in this section is worth 4 points.

 

 

47.Following are a topic sentence and a concluding sentence. Use these sentences and additional sentences with supporting details to write a well-developed paragraph of approximately 150 words.

 

Topic sentence: Parents can take several steps to help their children enjoy reading.

Concluding sentence: If parents follow some of these ideas, their children have a good chance of reading more on their own and doing better in school.

 

 

 

 

48.      The following paragraph is not unified. Please re-write the paragraph to improve its unity by removing any sentences that do not focus on the paragraph’s main topic.

    

     My family experienced some memorable events during my family’s trip to Disney World last summer. The drive to Disney World from our house took nine hours and was extremely boring. The first really memorable experience was meeting Mickey Mouse. The kids had been waiting for it all summer, and we took lots of pictures of them with Mickey. That evening, we ate at McDonald’s because the food in the park was so expensive. The next morning, we had another memorable experience: visiting the water park. We all had a wonderful time splashing and riding the water slides. We won’t ever forget when Ethan’s swim trunks fell down at the bottom of one of the slides! The most memorable part of the trip was seeing the fireworks at Epcot. We had a truly magical evening sitting together as a family and watching the show light up the sky. It was a little cold that night, so we all made sure to bring sweaters. Overall, our visit to Disney World was a terrific trip with lots of experiences to remember.

 

 

 

 

 

 

49.      The following paragraph is not coherent. The ideas do not flow logically from one sentence to the next. Please re-write the paragraph to improve its coherence. You will want to consider adding transitional expressions to the paragraph as you rewrite the paragraph. In addition, you will want to consider the logical order of the sentences as you rewrite the paragraph.

 

You need to use all sentences in the paragraph. In other words, do not eliminate any sentences when you rewrite the paragraph.

 

 

     Working as a lifeguard last summer was the best job I have ever had in my life. I met some very interesting people. I also got free food from the snack bar as one of the perks of the job. Paul, another lifeguard, was from Somalia. I learned so much from him about his culture while working with him. I also had the opportunity to see some free concerts that the pool was sponsoring. One of the bands was quite amazing. I plan to keep in touch with the drummer, who I think has quite a future in Indie music. Getting a free lunch at the snack bar certainly helped me cut costs. Anna, a swim coach, was the most hilarious person I have ever met. She had great stories to tell about her days on the swim team in college. The job was great, and I hope to go back next summer and work there again.

 

Section IV: Essay

The essay is worth 20 points.

 

 

 

50.       In a five-paragraph essay of at least 450 words, explain three ways that people can help improve their communities. Your essay will be graded based on the effectiveness of the introduction (including thesis statement) and conclusion; the unity, coherence, and support in the body paragraphs; and mechanical correctness.

 

The traditional retail model has focused on finding high-margin, high-volume products or services because limited space means reduced space inventory. For example, organizations such as Walmart select the biggest hits from the broadest genres, called the “short head.” The short head means Walmart will only carry a select mix of country, pop, and rock that is calculated to provide the greatest cost/benefit. The business model of Amazon is different. Amazon provides the short head but also provides the “long tail” of more than 100,000 different audio selections. The competition for customers between the Walmart and Amazon marketplace is profoundly changing the face of retail business today.

Using the assigned reading and the Argosy University online library resources, find at least three scholarly articles that address similar current trends related to e-business and how e-business is changing the face of businesses today.

Using your company or a real-world example from your research, respond to the following:

• Describe how technology is changing the face of businesses today.
• Describe the most critical business processes that utilize information systems in your selected company.
• Explain how IT makes the company’s business processes faster, cheaper, more accurate, and customer-savvy than that of competitors.
• Cite at least three sources found in your online library research.

Give reasons and examples from your research to support your responses