FIS 480

FIS 480 EXAM 2 QUESTIONS AND ANSWERS A+ GRADED What does an AFN equation forecast? the additional financing needed by the operating plan How does sales growth affect the AFN equation? the higher g is, the larger AFN will be How does the capital intensity ratio affect the AFN equation? the higher the CIR, the larger the AFN will be How does the spontaneous-liabilities-to-sales ratio affect the AFN equation? the higher the firm's SL, the smaller the AFN will be How does the profit ...

FI480 EXAM 1 QUESTIONS AND ANSWERS A+ GRADED What is a proprietorship? a business owned by one individual What are the advantages of a proprietorship? easy and inexpensive to start, few government regulations, and pays no corporate income tax on profits (included in personal taxable income) What are the disadvantage of a proprietorship? difficult to obtain the funding needed for growth, unlimited personal liability for the business's debts, and the life of the business is limi...

FI480 EXAM 3 QUESTIONS AND ANSWERS A+ GRADED What are sunk costs? money that has already been spent and cannot be recovered What is the difference between sunk costs and future costs? sunk costs are necessary, whereas future costs can be influenced by your choices What are examples of sunk costs? research, marketing campaigns, signing bonuses Sunk costs are _____ costs, but _____ costs are not always sunk costs (because you can sell equipment) fixed What is sensitivity analysis? ...

FIS 480 EXAM 1 & 2 QUESTIONS AND ANSWERS A+ GRADED A NIST ruler is an example of ____________________. a reference standard All of the following should be included in a test report except: Uncertainty of Measurement for Qualitative Measurements should be included: a. Method Used b. Sampling Plan for Drugs c. Results of Subcontractor At the present time Measurement Uncertainty is utilized in which section(s) in the crime lab: Drug Chemistry Firearms Toxicologyfbest The ...

FIS 480 - FORENSIC QUALITY ASSURANCE QUESTIONS AND ANSWERS A+ GRADED After march 2009 all forensic labs must seek accreditation through the ISO program ANSI-ASQ National Accreditation Board (ANAB) (American National Standards Institute - American Society for Quality ASCLD/LAB American Society of Crime Lab Directors- Laboratory Accreditation Board ANAB acquired ASCL/LAB; 1 accrediting body ISO International Organization for Standardization promote the development of standard...

FIS 480 EXAM #2 REVIEW QUESTIONS AND ANSWERS A+ GRADED Sampling Taking part of a substance, material, or product for testing in order to reach a conclusion, make an inference about, and report on the whole. Sample Selection A practice of selecting items to test, or a portion of items to test, based on forensic scientists training, experience and competence Does Sampling or Sample Selection require Homogeneity? Sampling What disciplines put more emphasis on sampling? Drug Chemistry (P...

FIS 480 EXAM 2 QUESTIONS AND ANSWERS A+ GRADED Planned and systematic actions necessary to demonstrate that a laboratory's product or service meets specified requirements for quality. Quality Assurance (QA) QA Plans address •Organization & Management of Lab •Proficiency Testing •Safety •Validation •Evidence Control •Employee Qualifications and Training •Reports "Internal activities, or activities conducted according to externally established standards, used t...

FIS 480 EXAM 2 QUESTIONS AND ANSWERS A+ GRADED Which of the following statements is correct? If a company's tax rate increases, then, all else equal, its weighted average cost of capital will decline. Taylor Inc. estimates that its average-risk projects have a WACC of 10%, its below-average risk projects have a WACC of 8%, and its above-average risk projects have a WACC of 12%. Which of the following projects (A, B, and C) should the company accept? a. Project C, which is of above-ave...

FIS 480 TERMS QUESTIONS AND ANSWERS A+ GRADED Developmental Validation The acquisition of test data and determination of conditions and limitations of a new or novel DNA methodology for use on forensics and/or casework reference samples. Customer Any person or organization that engages the service of a testing or calibration laboratory. Objective Evidence Data supporting the existence or verity of something. Service The performance of those adjustments or procedures specified whic...

FIS 480 EXAM 2 QUESTIONS AND ANSWERS A+ GRADED What is the main purpouse of an audit? Verify compliance True/False:An Audit is a fact finding mission True An Audit is a search for ________ Opportunities for Improvement *not an excercise for blame Who performs an internal audit? The laboratry itself Who performs Assesments or external audits? ASCLAD-LAB/ANAB or FQS-ISO Purposes of Audit *make sure management system is impemented *Investigate causes of quality problems *Identi...