STUDENTS SUCCESS
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
PACK MBA EXIT EXAM 2024-2025 ACTUAL EXAM COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz ABC analysis
Ans: inventory control system that divides the inventory into three classes: A, B, and
C, depending on the value and importance of the item
Quiz accelerated depreciation method
Ans: allows asset own to take greater amounts of depreciation during early years of
asset's life, defers some of the taxes until later years
Quiz acceptable quality level (AQL)
Ans: quality standard that allows for a prespecified number of defects
Quiz acceptance
Ans: an assent to an offer in accordance with its terms
Quiz accounting exposure
Ans: variability in the firm's reported values for NI and net worth that results from
changes in exchange rates
Quiz accounting rate of return
Ans: capital-budgeting criterion that relates the returns generated by the project, as
measured by average accounting profits AFTER tax, to avg dollar size of the
investment required; AKA simple ROR or unadjusted ROR
Quiz accounts receivable turnover
Ans: annual credit sales/ avg A/R
Quiz acid test ratio
,Ans: (CA-inv)/CL. more stringent measure of liquidity than current ratio. AKA quick
ratio
Quiz activity-based costing (ABC)
Ans: system that accumulates costs on the basis of production or service activities
at a firm. Assigns costs by activity and links them to specific products
Quiz Activity-based management (ABM)
Ans: system-wide, integrated approach that focuses mgmt's attn on activities with
the objectives of improving customer value and the profit achieved by providing this
value. ABC is major source of info for this
Quiz advertising
Ans: any paid form of non personal communication designed to gain acceptance of
the advertiser's message
Quiz advertising research
Ans: carried on as an aid or support function to the advertising manager
Quiz after-tax cash flow
Ans: the net cash flow (cash rev- cash exp) after taxes have been subtracted. CF
generated from operations
Quiz agency relationship
Ans: consensual arrangement between 2 persons whereby one agrees to act for the
benefit of and under control of the other person
Quiz aggregate production planning
Ans: establishment of aggregate production and inventory levels over a medium
range time horizon
Quiz american terms
Ans: method of exchange-rate quotation that gives the value of a foreign currency in
USD
Quiz amortized loan
Ans: loan that's paid off in periodic equal installments and includes varying portions
of principal and interest during its term
Quiz analysis of variances (variance analysis)
,Ans: analysis and investigation of causes for variances between std costs and
actual costs. variance favorable if actual costs < std costs. unfavorable if actual costs
> std costs. need to investigate unfavorable variances further to determine causes,
so corrective action can be taken
Quiz annual report
Ans: audited document issued annually by all publicly listed corporations to their SH
in accordance with SEC regulations. contains info on financial results and overall
performance of the previous fiscal year and comments on future outlook
Quiz application program
Ans: computer software written specifically to process data in an IS. Performs tasks
and solves problems applicable to a manager's work
Quiz appreciation
Ans: increase in value of one currency in terms of another currency. when dollar
appreciates, can be exchanged for greater amounts of foreign currencies
Quiz arbitrage-pricing model (APM)
Ans: theory that relates stock returns and risk. maintains that security returns vary
from their expected amounts when there are unanticipated changes in basic
economic forces (unexpected changes in industrial production, inflation rates, terms
structure of interest rates, and diff between interest rates of high and low risk bonds)
Quiz area sampling
Ans: may be used for market research when population lists are not available.
blocks selected at random and residents are interviewed either in total or randomly
(part of market research
Quiz artificial intelligence (AI)
Ans: thinking and reasoning software based on info inputted into it by a human
expert. reasoning process involves self-correction. significant data are evaluated and
relevant relationships uncovered. computer learns which kind of answers are
reasonable and which are not. AI performs complicated strategies that determine the
best or worst way to accomplish a task or avoid and undesirable result. Ex of
applications: tax planning, capital budgeting analysis
Quiz assembly chart
Ans: graphical method for visualizing how the various parts and subassemblies flow
into the assembly process
Quiz asset turnover
, Ans: sales/assets. measure of efficiency of asset management
Quiz assignable causes
Ans: causes of poor quality that are due to problems with materials, machines, or
operators and that can be remedied
Quiz assignment problem
Ans: problem of determining how the assignments should be made in order to
minimize total costs
Quiz attribute mapping
Ans: technique for IDing new products by mapping product-line attributes; searching
for "attribute space" or possible new attribute combos for new products
Quiz B2B (business-to-business) e-commerce
Ans: using B2B trading networks, auction sites, spot exchanges, online product
catalogs, barter sites, and other online resources to reach new customers, serve
current customers more effectively, and obtain buying efficiencies and better prices
Quiz B2C (business-to-consumers) e-commerce
Ans: online selling of goods and services to final customers
Quiz baby boomers
Ans: 78 million ppl born during baby boom, WWII-early 1960s
Quiz bailment
Ans: exists when possession of property belonging to one person is delivered to
another person who intends to assume custody or control over the property and who
expressly or implicitly promises to return it to the owner or dispose of it as directed
by the owner
Quiz bait-and-switch advertising
Ans: technique by which a g/s is advertised at a low price with intention of attracting
customers, then switching them over to higher-priced items. seller may have no
intention of selling "bait item" cust is often told bait item is out of stock or inferior
Quiz balance of payments
Ans: relationship between monies received from exports and monies paid out for
imports
Revision Examination Tests
“Come all for this Greatness”
... 100% Correct Ans ...
PACK MBA EXIT EXAM 2024-2025 ACTUAL EXAM COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS
Quiz ABC analysis
Ans: inventory control system that divides the inventory into three classes: A, B, and
C, depending on the value and importance of the item
Quiz accelerated depreciation method
Ans: allows asset own to take greater amounts of depreciation during early years of
asset's life, defers some of the taxes until later years
Quiz acceptable quality level (AQL)
Ans: quality standard that allows for a prespecified number of defects
Quiz acceptance
Ans: an assent to an offer in accordance with its terms
Quiz accounting exposure
Ans: variability in the firm's reported values for NI and net worth that results from
changes in exchange rates
Quiz accounting rate of return
Ans: capital-budgeting criterion that relates the returns generated by the project, as
measured by average accounting profits AFTER tax, to avg dollar size of the
investment required; AKA simple ROR or unadjusted ROR
Quiz accounts receivable turnover
Ans: annual credit sales/ avg A/R
Quiz acid test ratio
,Ans: (CA-inv)/CL. more stringent measure of liquidity than current ratio. AKA quick
ratio
Quiz activity-based costing (ABC)
Ans: system that accumulates costs on the basis of production or service activities
at a firm. Assigns costs by activity and links them to specific products
Quiz Activity-based management (ABM)
Ans: system-wide, integrated approach that focuses mgmt's attn on activities with
the objectives of improving customer value and the profit achieved by providing this
value. ABC is major source of info for this
Quiz advertising
Ans: any paid form of non personal communication designed to gain acceptance of
the advertiser's message
Quiz advertising research
Ans: carried on as an aid or support function to the advertising manager
Quiz after-tax cash flow
Ans: the net cash flow (cash rev- cash exp) after taxes have been subtracted. CF
generated from operations
Quiz agency relationship
Ans: consensual arrangement between 2 persons whereby one agrees to act for the
benefit of and under control of the other person
Quiz aggregate production planning
Ans: establishment of aggregate production and inventory levels over a medium
range time horizon
Quiz american terms
Ans: method of exchange-rate quotation that gives the value of a foreign currency in
USD
Quiz amortized loan
Ans: loan that's paid off in periodic equal installments and includes varying portions
of principal and interest during its term
Quiz analysis of variances (variance analysis)
,Ans: analysis and investigation of causes for variances between std costs and
actual costs. variance favorable if actual costs < std costs. unfavorable if actual costs
> std costs. need to investigate unfavorable variances further to determine causes,
so corrective action can be taken
Quiz annual report
Ans: audited document issued annually by all publicly listed corporations to their SH
in accordance with SEC regulations. contains info on financial results and overall
performance of the previous fiscal year and comments on future outlook
Quiz application program
Ans: computer software written specifically to process data in an IS. Performs tasks
and solves problems applicable to a manager's work
Quiz appreciation
Ans: increase in value of one currency in terms of another currency. when dollar
appreciates, can be exchanged for greater amounts of foreign currencies
Quiz arbitrage-pricing model (APM)
Ans: theory that relates stock returns and risk. maintains that security returns vary
from their expected amounts when there are unanticipated changes in basic
economic forces (unexpected changes in industrial production, inflation rates, terms
structure of interest rates, and diff between interest rates of high and low risk bonds)
Quiz area sampling
Ans: may be used for market research when population lists are not available.
blocks selected at random and residents are interviewed either in total or randomly
(part of market research
Quiz artificial intelligence (AI)
Ans: thinking and reasoning software based on info inputted into it by a human
expert. reasoning process involves self-correction. significant data are evaluated and
relevant relationships uncovered. computer learns which kind of answers are
reasonable and which are not. AI performs complicated strategies that determine the
best or worst way to accomplish a task or avoid and undesirable result. Ex of
applications: tax planning, capital budgeting analysis
Quiz assembly chart
Ans: graphical method for visualizing how the various parts and subassemblies flow
into the assembly process
Quiz asset turnover
, Ans: sales/assets. measure of efficiency of asset management
Quiz assignable causes
Ans: causes of poor quality that are due to problems with materials, machines, or
operators and that can be remedied
Quiz assignment problem
Ans: problem of determining how the assignments should be made in order to
minimize total costs
Quiz attribute mapping
Ans: technique for IDing new products by mapping product-line attributes; searching
for "attribute space" or possible new attribute combos for new products
Quiz B2B (business-to-business) e-commerce
Ans: using B2B trading networks, auction sites, spot exchanges, online product
catalogs, barter sites, and other online resources to reach new customers, serve
current customers more effectively, and obtain buying efficiencies and better prices
Quiz B2C (business-to-consumers) e-commerce
Ans: online selling of goods and services to final customers
Quiz baby boomers
Ans: 78 million ppl born during baby boom, WWII-early 1960s
Quiz bailment
Ans: exists when possession of property belonging to one person is delivered to
another person who intends to assume custody or control over the property and who
expressly or implicitly promises to return it to the owner or dispose of it as directed
by the owner
Quiz bait-and-switch advertising
Ans: technique by which a g/s is advertised at a low price with intention of attracting
customers, then switching them over to higher-priced items. seller may have no
intention of selling "bait item" cust is often told bait item is out of stock or inferior
Quiz balance of payments
Ans: relationship between monies received from exports and monies paid out for
imports
