STR 581 Capstone Final Exam All Part 1-2-3
STR 581 Capstone Final Exam All Part 1-2-3
STR 581 Capstone Final Exam All Part 1-2-3
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10. According to the job characteristics model, autonomy is defined as the degree to which a job
generates direct and clear information about performance
11. Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase its dividend by
$0.25 in each of the following three years. If their required rate of return if 14 percent, what is the
present value of their dividends over the next four years?
12. TuleTime Comics is considering a new show that will generate annual cash flows of $100,000
into the infinite future. If the initial outlay for such a production is $1,500,000 and the appropriate
discount rate is 6 percent for the cash flows, then what is the profitability index for the project?
13. Your firm has an equity multiplier of 2.47. What is the debt-to-equity ratio?
14. If a companys weighted average cost of capital is less than the required return on equity, then
the firm:
15. When a company assigns the costs of direct materials, direct labor, and both variable and fixed
manufacturing overhead to products, that company is using:
16. The major element in budgetary control is:
17. Horizontal analysis is a technique for evaluating a series of financial statement data over a
period of time:
18. Which of the following is an advantage of corporations relative to partnerships and sole
proprietorships?
19. The break-even point is where:
20. Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and
amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a
share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise
value/EBITDA multiple of 5.40.
What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars.
21. Which of the following is considered a hybrid organizational form?
22. The most important information needed to determine if companies can pay their current
obligations is the:
23. Gateway, Corp. has an inventory turnover of 5.6. What is the firms dayss sales in inventory?
24. Horizontal analysis is also known as:
25. Which of the following presents a summary of changes in a firms balance sheet from the
beginning of an accounting period to the end of that accounting period?
26. Ajax Corp. is expecting the following cash flows - $79,000, $112,000, $164,000, $84,000, and
$242,000 over the next five years. If the companys opportunity cost is 15 percent, what is the
present value of these cash flows? (Round to the nearest dollar.)
27. Bond price: Regatta, Inc., has six-year bonds outstanding that pay a 8.25 percent coupon rate.
Investors buying the bond today can expect to earn a yield to maturity of 6.875 percent. What should
the company's bonds be priced at today? Assume annual coupon payments. (Round to the nearest
dollar.)
28. Process costing is used when:
29. Jack Robbins is saving for a new car. He needs to have $21,000 for the car in three years. How
much will he have to invest today in an account paying 8 percent annually to achieve his target?
(Round to nearest dollar)
30. The accumulation of accounting data on the basis of the individual manager who has the
authority to make day-to-day decisions about activities in an area is called:
16. This is a historically popular technique through which managers create a quick overview of a
company's strategic situationit is based on achieving a sound fit between internal resources and
the external situation.
17. A company that attempts to lead its industry in price and convenience by pursuing a focus on
lean and efficient operations is pursuing what strategy?
18. Leaders galvanize commitment to embrace change through clarifying strategic intent, building an
organization, and
19. Prestige LLC, a small company that manufactures specialty cereals and energy bars, wants to
launch a "green marketing" program in response to heightened consumer awareness about
environmental issues. What should the company do to maximize the program's chances of being
successful?
20. This is an important structural decision and resultant separate activities need to be coordinated
and integrated back together as a whole so the business functions effectively.
21. Company X's principal strength is its inbound and outbound logistics system; its relative
weakness, however, is after-sales service. Its competitor, Company Y, however is often plagued with
lagging shipments and an inflexible distribution setup. Company Y remains successful because it
maintains a fully staffed service department and, as a result, the company is known for its
dependable service. This type of analysis allows them to identify ways to build on relative strengths
and avoid dependence on capabilities at which the other firm excels.
22. With ________ as a target market strategy, the firm concentrates on serving many needs of a
particular customer group.
23. How do functional tactics compare to business strategies?
24. Under which of the following conditions is the frequency the most important factor in media
selection?
25. What is the perceived monetary value of the bundle of economic, functional, and psychological
benefits customers expect from a given market offering because of the product, service, people, and
image?
26. Which control should periodically reassess its approach to the marketplace with a good
marketing audit?
27. One of the ways to change the course of a brand is to modify the product. Under product
modification, ________ adds size, weight, materials, supplements, and accessories that expand the
products performance, versatility, safety, or convenience.
28. Firms using this generic strategy attempt to build customer loyalty by stressing a specific product
attribute above other product qualities.
29. Large-scale, future-oriented plans for interacting with the competitive environment to achieve the
company objective refers to its
30. Marketers need to identify the hierarchy of attributes that guide consumer decision making in
order to understand different competitive forces and how these various sets get formed. This
process of identifying the hierarchy is called