FIS480

FIS480 QUALITY ASSURANCE TERMS QUIZ STUDY GUIDE Internal activities, or activities conducted according to externally established standards, used to monitor the quality of analytical data and to ensure that it satisfies specified criteria. quality control (QC) Data supporting the existence or verity of something. objective evidence The evaluation of a person's ability to perform work in a functional area prior to the performance of independent case work. competency test The acqui...

FI480 FINANCIAL POLICY EXAM 1 CONCEPTS QUESTIONS AND ANSWERS A+ GRADED Advantages of Proprietorship 1. It is easy and inexpensive to start. 2. Relatively few government regulations affect it. 3. It pays no corporate income tax on profits-instead, they are included in the proprietor's personal taxable income. Disadvantages of Proprietorship 1. It may be difficult for a proprietorship to obtain the funding needed for growth. 2. The proprietor has unlimited personal liability for ...

FI480 EXAM 3 REVIEW QUESTIONS AND ANSWERS A+ GRADED Sunk Cost Outlay related to the project that was incurred in the past and that cannot be recovered in the future regardless of whether or not the project is accepted Sunk costs are not incremental cash flows and thus are not relevant in a capital budgeting analysis Sensitivity Analysis measures the change in NPV that results from a given percentage change in one input variable when other inputs are held at their expected values...

FI480 EXAM 2 REVIEW QUESTIONS AND ANSWERS A+ GRADED Different approaches to valuing common stock 1. FCF Model 2. Dividend growth model 3. Market multipels model FCF Model tool that clearly shows the connections between managerial choices and firm value The FCF model can be applied to all _________________ whether or not they pay a _______________ or whether they are ________________ traded or privately held companies, dividend, publicly Broad applicability and clear links bet...

FI480 EXAM 1 REVIEW QUESTIONS AND ANSWERS A+ GRADED 3 Forms of business 1. Sole Proprietorship 2. Partnership 3. Corporation Advantages of a sole proprietorship 1. Easy and inexpensive to start 2. Relatively few government regulations affect it 3. It pays no corporate income tax on profits, rather they pay at the proprietor's personal tax level Disadvantages of a sole proprietorship 1. Difficult to obtain funding 2. Unlimited personal liability (for debts) 3. Life of pro...

FI480 FINAL EXAM REVIEW QUESTIONS AND ANSWERS A+ GRADED Working capital management involves 2 basic questions: 1. What is the appropriate amount of working capital, both in total and for each specific account? 2. How should working capital be financed? Supply chain network of organizations that convert materials and labor into products or services that ultimately are purchased by consumers Requirement for effective supply chain management (SCM) is sharing information _______________...

WVU FIS 480 FINAL STUDY GUIDE A+ GRADED Accredited Laboratory DNA Laboratory that has received form recognition that it meets or exceeds a list of standards by a nonprofit professional association of persons actively involved in forensic science that is nationally recognized within the forensic science community in accordance with the provisions of the Federal DNA Identification Act Accuracy Degree of conformity of a measured quantity to its actual (true) value. Administrative Revie...

FIS480 MIDTERM QUESTION SETS 1. The standards we will be discussing in class are the _______________________. ISO 17025 1. ___________________________ are internal activities, or activities conducted according to externally established standards, used to monitor the quality of analytical data and to ensure that it satisfies specified criteria. Quality Control 1. An analyst can begin independent casework after the successful completion of a proficiency test. False 1. All analysts/e...