BUSN 313 Week 7 Quiz

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Part 1 of 1 - 100.0 Points
Question 1 of 20
5.0 Points
A global MNC should use what type of controls over its foreign units?
A.Management should be given considerable latitude, but be required to meet some
predetermined performance targets.
B.Management should use a matrix structure allowing some limited autonomy of the foreign
unit.
C.Management needs to exert tight controls over its many units using a centralized strategic
operational decision-making format.
D.Management should use a functional approach assigning distinct and separate responsibilities
to each department throughout the MNC.
E.Management should use a divisional approach assigning goals and targets for each
product-group on all its foreign units collectively.

2. Question 2 of 20
5.0 Points
A survey of 600 business units found that compensation programs emphasizing bonuses and
other incentives were most used in those units emphasizing
A.stability strategies.
B.retrenchment strategies. C.cooperative strategies. D.international strategies.
E.growth strategies.
Question 3 of 20
5.0 Points
A study of 79 MNCs revealed that international transfer pricing from one country unit to another
is primarily used to A.evaluate performance.
B.minimize taxes.
C.increase profits.
D.improve communication.
E.all of the above
Question 4 of 20
5.0 Points

3. Which company experienced a tarnished reputation and scandal after experiencing behavior
substitution when employees altered their behavior on the job to fit the reward system?
A.Sears, Roebuck, & Co.
B.J.C. Penney
C.Neiman Marcus D.Saks
E.Macy's
Question 5 of 20
5.0 Points
Which method of matching rewards to the accomplishment of strategic objectives compensates
managers for achieving objectives set over a multi-year period?
A.strategic-funds method B.segmentation method
C.long-term evaluation method D.individual evaluation method E.weighted-factor method
Question 6 of 20
5.0 Points
Which method of matching rewards to the accomplishment of strategic objectives encourages
executives to look at developmental expenses as being different from those expenses required
for current operations?
A.strategic-funds method B.segmentation method
C.long-term evaluation method D.individual evaluation method E.weighted-factor method

4. Question 7 of 20
5.0 Points
According to the text, using a long-term performance evaluation system, a company executive
might be promised incentives such as
A.company cars.
B.company stock.
C.health insurance. D.retirement plans.
E.vacations.
Question 8 of 20
5.0 Points
One approach to better match executive rewards to the accomplishment of strategic objectives is
A.return on investment.
B.year-end bonuses.
C.zero base budgeting.
D.weighted-factor method.

5. E.return on assets.
Question 9 of 20
5.0 Points
If performance data and activity reports indicate undesirable performance as a result of
inappropriate use of the strategic management process, operational managers must
A.immediately notify the board of directors. B.change the strategic management model.
C.know about it so that they can correct the employee activity.
D.allow sufficient time to pass to verify if it is the process or just the usage that is the problem.
E.check the performance data to ensure their accuracy and take two more measurements.
Question 10 of 20
5.0 Points
Controls which measure variables that influence future profitability are called A.steering
controls.
B.activity controls.
C.behavior controls. D.output controls.
E.influencing controls.
Question 11 of 20

6. 5.0 Points
​ is used worldwide and measures the total output of goods and services within a
country's borders.
A.CPI
B.Prime interest rate C.GDP
D.Z-Value
E.The Index of sustainable growth
Question 12 of 20
5.0 Points
Return on equity
A.is the ratio of net profit after taxes to shareholders' equity. B.is a profitability ratio.
C.is referred to by the acronym ROE.
D.measures the rate of return on the book value of shareholders' total investment in the
company.
E.all of the above
Question 13 of 20
5.0 Points

7. All of the following ratios are used in the calculation of a company's Z-value EXCEPT A.working
capital/total assets.
B.retained earnings/total assets.
C.current assets/current liabilities.
D.market value of equity/total liabilities. E.sales/total assets.
Question 14 of 20
5.0 Points
What benefit does converting sales and profits to constant dollars in times of inflation offer when
analyzing a case?
A.It is helpful in predicting the future potential of the organization.
B.It contributes to determining the risk factors when computing the Z-value.
C.It shows the true performance of the corporation adjusted for inflation to make them
comparable over years.
D.It is easier for the financial analyst to judge the effectiveness of management's decision
making.
E.It provides a method which is familiar and easy to understand.
Question 15 of 20
5.0 Points
"Days of inventory" is an example of a(n) A.leverage ratio.

8. B.liquidity ratio
C.activity ratio.
D.asset management ratio. E.profitability ratio.
Question 16 of 20
5.0 Points
Net profit margin is what type of financial ratio?
A.liquidity ratio
B.profitability ratio C.activity ratio
D.leverage ratio E.revenue ratio
Question 17 of 20
5.0 Points
Which financial ratio measures the utilization of all of the company's assets?
A.days of inventory B.asset turnover
C.inventory turnover D.fixed asset turnover
E.average collection period

9. Question 18 of 20
5.0 Points
Which financial ratio measures the extent to which borrowed funds have been used to finance
the company's assets?
A.debt to asset ratio B.debt to equity ratio
C.long-term debt to capital structure
D.times interest earned E.current liabilities to equity
Question 19 of 20
5.0 Points
Which two basic statements provide most of the financial data needed for analysis?
A.statement of retained earnings and income statement
B.sources and uses of working capital and the balance sheet
C.non-operating gains and losses and statement of financial position D.historical income
statement and balance sheet
E.statement of financial position and statement of owner's equity
Question 20 of 20
5.0 Points
Which financial ratio indicates the percentage of profit that is paid out as dividends?

10. A.return on equity
B.dividend payout ratio
C.dividend yield on common stock D.price/earnings ratio
E.debt to asset ratio