UNC BUSI 100
Plato felt that the fundamental key in the development of an economy was - Correct
answer-Specialization: more things are produced and better and more easily when one
man performs one task
The insider ownership % for most large firms in the US is.. - Correct answer-0-10%
According to Ayn Rand, what is wealth the product of? - Correct answer-Man's capacity
to think
Michael Porter's Five Forces Model - Correct answer-Identifies the fundamental factors
that determine the level of competition and long-term profitability of an industry by
analyzing an organization, its position in the marketplace, and how information systems
could be used to make it more competitive
Assets - Correct answer-Liabilities + Stockholders Equity (Cash+amount left on
rent+amount left of equipment+ (revenue-collected))
Intangible Assets - Correct answer-Long-term assets (e.g., patents, trademarks,
copyrights) that have no real physical form but do have value
Who said: "So long as men live together on earth and need means to deal with one
another- their only substitute, if they abandon money, is the muzzle of a gun" - Correct
answer-Ayn Rand
Who said: "To form a functioning society there is a list of trade-offs" - Correct answer-
Plato
According to Thoreau, which of the following is the choicest of relics? - Correct answer-
Books
Who says: "The manager is the ___________ of the individuals who own the
corporation and the primary responsibility is to them" and fill in the blank - Correct
answer-Friedman, Agent
The process of systematically collecting, analyzing, and reporting financial information is
called - Correct answer-Accounting
Present Value (PV) - Correct answer-Future value divided by (1 + required rate of
return) raised to the power of the number of periods.
, Accounts Payable - Correct answer-Debt owed to suppliers for goods or services
purchased on credit
Without ___________, _____ indicates that it is impossible for merchants "to conduct
their business, for they would have no rest and their minds would always be troubled." -
Correct answer-Systematically arranging all transactions, Pacioli
What does Pacioli indicate as being the most important factor in carrying on business? -
Correct answer-Cash
Who believes that there is a connection between the exactness of a trade person's
bookkeeping and the tradesperson's prosperity. - Correct answer-Daniel Defoe
Who suggested that money is symbolic of a society's moral values? - Correct answer-
Ayn Rand
Who said: "A tailor won't try and make his own shoes he will buy from a shoemaker" -
Correct answer-Adam Smith, good trade benefits both people in different way
What did Defoe believe useful to consider when conducting business? - Correct
answer-Everything done in the conduct of the business should be set down in a book
and every transaction should be recorded in the books at the very time it occurs
Andrew Carnegie believes that the people with extraordinary wealth have a duty to: -
Correct answer-Administer their wealth while alive "to produce the most beneficial
results for the community"
Who said: "Let us define the investment value of a stock as the present worth of all the
dividends to be paid upon it. In short, a stock is worth only what you can get out of it" -
Correct answer-John Burr Williams
Who argues that true wisdom comes from learning and experiences and observations?
- Correct answer-Bacon
Who believes money is symbolic of a society's moral values? - Correct answer-Ayn
Rand
Who believes that most of his townsmen have learned to read, not only to keep
accounts and not be cheated in trade, but also as a noble intellectual exercise. - Correct
answer-Thoreau
Who argues that modern society is too focused on material possessions and that we
should prioritize our spiritual and intellectual well-being instead? - Correct answer-
Thoreau
Plato felt that the fundamental key in the development of an economy was - Correct
answer-Specialization: more things are produced and better and more easily when one
man performs one task
The insider ownership % for most large firms in the US is.. - Correct answer-0-10%
According to Ayn Rand, what is wealth the product of? - Correct answer-Man's capacity
to think
Michael Porter's Five Forces Model - Correct answer-Identifies the fundamental factors
that determine the level of competition and long-term profitability of an industry by
analyzing an organization, its position in the marketplace, and how information systems
could be used to make it more competitive
Assets - Correct answer-Liabilities + Stockholders Equity (Cash+amount left on
rent+amount left of equipment+ (revenue-collected))
Intangible Assets - Correct answer-Long-term assets (e.g., patents, trademarks,
copyrights) that have no real physical form but do have value
Who said: "So long as men live together on earth and need means to deal with one
another- their only substitute, if they abandon money, is the muzzle of a gun" - Correct
answer-Ayn Rand
Who said: "To form a functioning society there is a list of trade-offs" - Correct answer-
Plato
According to Thoreau, which of the following is the choicest of relics? - Correct answer-
Books
Who says: "The manager is the ___________ of the individuals who own the
corporation and the primary responsibility is to them" and fill in the blank - Correct
answer-Friedman, Agent
The process of systematically collecting, analyzing, and reporting financial information is
called - Correct answer-Accounting
Present Value (PV) - Correct answer-Future value divided by (1 + required rate of
return) raised to the power of the number of periods.
, Accounts Payable - Correct answer-Debt owed to suppliers for goods or services
purchased on credit
Without ___________, _____ indicates that it is impossible for merchants "to conduct
their business, for they would have no rest and their minds would always be troubled." -
Correct answer-Systematically arranging all transactions, Pacioli
What does Pacioli indicate as being the most important factor in carrying on business? -
Correct answer-Cash
Who believes that there is a connection between the exactness of a trade person's
bookkeeping and the tradesperson's prosperity. - Correct answer-Daniel Defoe
Who suggested that money is symbolic of a society's moral values? - Correct answer-
Ayn Rand
Who said: "A tailor won't try and make his own shoes he will buy from a shoemaker" -
Correct answer-Adam Smith, good trade benefits both people in different way
What did Defoe believe useful to consider when conducting business? - Correct
answer-Everything done in the conduct of the business should be set down in a book
and every transaction should be recorded in the books at the very time it occurs
Andrew Carnegie believes that the people with extraordinary wealth have a duty to: -
Correct answer-Administer their wealth while alive "to produce the most beneficial
results for the community"
Who said: "Let us define the investment value of a stock as the present worth of all the
dividends to be paid upon it. In short, a stock is worth only what you can get out of it" -
Correct answer-John Burr Williams
Who argues that true wisdom comes from learning and experiences and observations?
- Correct answer-Bacon
Who believes money is symbolic of a society's moral values? - Correct answer-Ayn
Rand
Who believes that most of his townsmen have learned to read, not only to keep
accounts and not be cheated in trade, but also as a noble intellectual exercise. - Correct
answer-Thoreau
Who argues that modern society is too focused on material possessions and that we
should prioritize our spiritual and intellectual well-being instead? - Correct answer-
Thoreau
