ASTRONOMY 101 EXAM 3 STUDY GUIDE: AST 101 Exam 3 Questions and Answers

 Question 1
2 out of 2 points
Gabe intends to visit a variety of retailers of sound equipment comparing
features, quality, and prices of different brands at each store. This
behavior indicates that for Gabe a sound system is a shopping good.
Selected Tru
Answer: e
Answers: Tru
e
False
 Question 2
2 out of 2 points
Companies raising funds must choose either debt or equity sources, but
not both.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 3
2 out of 2 points
Forecasting means determining how closely the actual revenue and
expense results matched up with the predicted revenues and expenses.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 4
2 out of 2 points
There is actually a stronger relationship between finance and marketing
than there is between finance and accounting.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 5
2 out of 2 points
The concept of the time value of money is based on the interest-earning
power of money.
Selected Tru
Answer: e
Answers: Tru
e

, False
 Question 6
2 out of 2 points
Questions and objections from customers following a sales presentation
indicate that a salesperson was poorly prepared for his/her presentation.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 7
2 out of 2 points
When consumers calculate the value of a product, they look at the
benefits and then subtract the cost.
Selected Tru
Answer: e
Answers: Tru
e
False
 Question 8
2 out of 2 points
Acquiring funds through equity financing requires the firm to pay annual
dividends.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 9
2 out of 2 points
The uniqueness of convenience goods and services stimulate consumers
to make an extra effort to purchase them.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 10
2 out of 2 points
Marketers use pricing, advertising, and packaging to differentiate their
products from competitors' products even when actual differences are
quite small.
Selected Tru
Answer: e
Answers: Tru

, e
False
 Question 11
2 out of 2 points
The accounting cycle usually involves the work of both the bookkeeper
and the accountant.
Selected Tru
Answer: e
Answers: Tru
e
False
 Question 12
2 out of 2 points
As the burden of taxes grows, the role of the auditor becomes increasingly
important to the organization.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 13
2 out of 2 points
A firm's basic earnings per share measures how much profit was earned
for each dollar invested by the firm's owners.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 14
2 out of 2 points
Successful businesses develop a mix of price, product, place, and
promotion that is consistently applied throughout a product's life cycle.
Selected Fals
Answer: e
Answers: True
Fals
e
 Question 15
2 out of 2 points
Family and friends represent "problem free" sources of financing for most
small businesses.
Selected Fals
Answer: e
Answers: True