MBA Exit Exam Study Guide Questions
with verified correct detailed answers
2025
artificial intelligence (AI) --- correct precise answers ---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
assembly chart --- correct precise answers ---graphical method for
visualizing how the various parts and subassemblies flow into the
assembly process
asset turnover --- correct precise answers ---sales/assets. measure of
efficiency of asset management
,assignable causes --- correct precise answers ---causes of poor quality
that are due to problems with materials, machines, or operators and
that can be remedied
assignment problem --- correct precise answers ---problem of
determining how the assignments should be made in order to
minimize total costs
attribute mapping --- correct precise answers ---technique for IDing
new products by mapping product-line attributes; searching for
"attribute space" or possible new attribute combos for new products
B2B (business-to-business) e-commerce --- correct precise answers ---
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
B2C (business-to-consumers) e-commerce --- correct precise answers
---online selling of goods and services to final customers
baby boomers --- correct precise answers ---78 million ppl born
during baby boom, WWII-early 1960s
,bailment --- correct precise answers ---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
bait-and-switch advertising --- correct precise answers ---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
balance of payments --- correct precise answers ---relationship
between monies received from exports and monies paid out for
imports
balance of trade --- correct precise answers ---unit of the balance of
payments that reflects the value of all goods imported and exported by
any nation
balanced scorecard --- correct precise answers ---approach using
multiple measures to evaluate managerial performance. measures
, may be financial or nonfinancial, internal or external, and ST or LT.
scorecard allows determination as to whether manager is achieving
certain objectives at the expense of others that may be equally or
more important
bankruptcy --- correct precise answers ---a legal procedure through
which the ownership of a firm's assets is transferred to debt holders.
inability to pay debts when due. a business is insolvent in a legal
sense when its financial condition is so bad that total liabilities > FMV
of assets
baud --- correct precise answers ---serial info transfer speed with
which a modem receives and sends data
benchmarking --- correct precise answers ---searching for new and
better procedures by comparing your own procedures to that of the
very best
beta (coefficient) --- correct precise answers ---measure of risk based
on the sensitivity of an individual stock's returns to changes in the
returns of a broad stock market index; AKA systematic, market,
undiversifiable, and relative risk. Beta < 1: co's stock is less risky than
the market
with verified correct detailed answers
2025
artificial intelligence (AI) --- correct precise answers ---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
assembly chart --- correct precise answers ---graphical method for
visualizing how the various parts and subassemblies flow into the
assembly process
asset turnover --- correct precise answers ---sales/assets. measure of
efficiency of asset management
,assignable causes --- correct precise answers ---causes of poor quality
that are due to problems with materials, machines, or operators and
that can be remedied
assignment problem --- correct precise answers ---problem of
determining how the assignments should be made in order to
minimize total costs
attribute mapping --- correct precise answers ---technique for IDing
new products by mapping product-line attributes; searching for
"attribute space" or possible new attribute combos for new products
B2B (business-to-business) e-commerce --- correct precise answers ---
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
B2C (business-to-consumers) e-commerce --- correct precise answers
---online selling of goods and services to final customers
baby boomers --- correct precise answers ---78 million ppl born
during baby boom, WWII-early 1960s
,bailment --- correct precise answers ---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
bait-and-switch advertising --- correct precise answers ---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
balance of payments --- correct precise answers ---relationship
between monies received from exports and monies paid out for
imports
balance of trade --- correct precise answers ---unit of the balance of
payments that reflects the value of all goods imported and exported by
any nation
balanced scorecard --- correct precise answers ---approach using
multiple measures to evaluate managerial performance. measures
, may be financial or nonfinancial, internal or external, and ST or LT.
scorecard allows determination as to whether manager is achieving
certain objectives at the expense of others that may be equally or
more important
bankruptcy --- correct precise answers ---a legal procedure through
which the ownership of a firm's assets is transferred to debt holders.
inability to pay debts when due. a business is insolvent in a legal
sense when its financial condition is so bad that total liabilities > FMV
of assets
baud --- correct precise answers ---serial info transfer speed with
which a modem receives and sends data
benchmarking --- correct precise answers ---searching for new and
better procedures by comparing your own procedures to that of the
very best
beta (coefficient) --- correct precise answers ---measure of risk based
on the sensitivity of an individual stock's returns to changes in the
returns of a broad stock market index; AKA systematic, market,
undiversifiable, and relative risk. Beta < 1: co's stock is less risky than
the market
