Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?

• A.We are a people-and-goods mover.
• B.We provide climate control in the home.
• C.We make movies.
• D.We supply energy.

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For the year just ended the entity has times-interest-earned of:

• A.3.375 times
• B.6.75 times
• C.7.75 times
• D.9.5 times

Correct Answer: C

The TIE ratio is a leverage ratio_ It emphasizes the ability to pay interest expense. The ratio equals profit before interest and taxes divided by interest

C:\Documents and Settings\usernwz1\Desktop\1.PNG RST Corporation's Income Statement for Year 5 and Year 6


The market value of RST's ordinary stock at the end of Year 6 was US $100.00 per share.

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Quality control circles are now used all over the world. The circles typically consist of a group of five to ten employees who meet regularly. The primary goal of these circles is to:

• A.Improve the quality of leadership in the organization.
• B.Tap the creative problem-solving potential of every employee.
• C.Improve communications between employees and managers by providing a formal communication channel
• D.Allow for the emergence of team leaders who can be targeted for further leadership development.

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Which of the following financial instruments can be traded in international money markets?

• A.Mortgages.
• B.Preference shares.
• C.U.S. Treasury bills.
• D.U.S. Treasury bonds.

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The feasible solution region is bounded by the lines connecting points:

• A.3, 4, 6, and 7.
• B.I, 5, 6, and 8.
• C.2, 4, , , and 8.
• D.3, E. 6, and 7.

Correct Answer: A

A model consisting of a system of functions may be used to optimize an objective function. If the functions in the model are all linear, the model is a linear programming model. Linear programming is a technique to determine optimal resource allocation. Several solution methods are available to solve linear programming problems. The graphical method, the easiest technique, is limited to simple problems. Here, the graph consists of three lines, each representing a production constraint. The lines connecting points , 4, 6, and 7 bound the feasible solution region. Product mikes of and Y that lie outside this boundary cannot be produced and/or sold because the demand constraint line ,4), the labor constraint line 4,6), and the material constraint line 6,7) are binding. A company produces two products, and Y, which use material and labor as inputs. Fixed amounts of labor and material are available for production each month In addition. the demand for product Y each month is limited: product has no constraint an the number of units that can be sold. A graphical depiction of these production and demand constraints is presented in the opposite column.

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