Topic 1 Explain the impact of global value chains on world trade. What role do multinational corporations play in these chains? · Definitions of Global Value Chains · Drivers of global value chains Technological progress and trade costs Economic and trade liberalisation · Impact of Global Value Chains on World Trade · Role of Multinational Corporations · Challenges Ahead · Conclusion HMGT 322 Final Quiz Top of Form Note: It is recommended that you save your response as you complete each question. Question 1 (5 points) Which of the following is NOT considered an advantage of organizing as a C corporation: Question 1 options: Easy to transfer ownership through shares of stock Owners have limited liability Less costly and less time consuming to set-up relative to other forms of organization Unlimited life of company that continues in existence after original owners die or leave the company. Save Question 2 (5 points) Which of the following statements is FALSE regarding not-for-profit entities: Question 2 options: Cannot pay dividends and all earnings must be retained in the business Classified certain assets as being restricted which are managed through fund accounting Not-for-profit firms have no stakeholders and are controlled by a board of trustees They have greater access to capital markets relative to for-profit providers Save Question 3 (5 points) Which of the following is FALSE regarding capitated payment third-party arrangements: Question 3 options: Under a profit (CVP) analysis, there is no direct linkage between volume of services provided and revenues Providers have an incentive to reduce costs and reduce utilization Providers have an incentive to set higher charge rates to increase revenues Revenue associated with capitated contracts is often called premium revenue rather than patient service revenue Save Question 4 (5 points) Which of the following is a FALSE statement regarding accrual accounting? Question 4 options: The revenue recognition principle requires the revenue to be recognized in the period when they are realized and earned. This is the period in which the service is rendered. An advantage is that there are no complex accounting rules and it is closely aligned to accounting for tax purposes The economic event that creates the financial transaction, rather than the transaction itself, provides the basis for the accounting entry. Implementation of the matching principle dealing with expenses creates a problem with long-lived assets such as buildings and equipment. Save Question 5 (5 points) Which of the following is NOT considered an expense on the income statement? Question 5 options: Depreciation Notes payable Provision for Bad Debts Salaries and benefits Save Question 6 (5 points) Which of the following asset is least liquid? Question 6 options: Cash Fixed assets (property and equipment) Short-term securities Accounts receivable Save Question 7 (5 points) In al ...

1. Topic 1
Explain the impact of global value chains on world trade. What
role do multinational corporations play in these chains?
· Definitions of Global Value Chains
· Drivers of global value chains
Technological progress and trade costs
Economic and trade liberalisation
· Impact of Global Value Chains on World Trade
· Role of Multinational Corporations
· Challenges Ahead
· Conclusion
HMGT 322 Final Quiz
Top of Form
Note: It is recommended that you save your response as you
complete each question.
Question 1 (5 points)
Which of the following is NOT considered an advantage of
organizing as a C corporation:
Question 1 options:
Easy to transfer ownership through shares of stock

2. Owners have limited liability
Less costly and less time consuming to set-up relative to other
forms of organization
Unlimited life of company that continues in existence after
original owners die or leave the company.
Save
Question 2 (5 points)
Which of the following statements is FALSE regarding not-for-
profit entities:
Question 2 options:
Cannot pay dividends and all earnings must be retained in the
business
Classified certain assets as being restricted which are managed
through fund accounting
Not-for-profit firms have no stakeholders and are controlled by
a board of trustees
They have greater access to capital markets relative to for-profit
providers
Save
Question 3 (5 points)
Which of the following is FALSE regarding capitated payment
third-party arrangements:
Question 3 options:
Under a profit (CVP) analysis, there is no direct linkage
between volume of services provided and revenues

3. Providers have an incentive to reduce costs and reduce
utilization
Providers have an incentive to set higher charge rates to
increase revenues
Revenue associated with capitated contracts is often called
premium revenue rather than patient service revenue
Save
Question 4 (5 points)
Which of the following is a FALSE statement regarding accrual
accounting?
Question 4 options:
The revenue recognition principle requires the revenue to be
recognized in the period when they are realized and earned.
This is the period in which the service is rendered.
An advantage is that there are no complex accounting rules and
it is closely aligned to accounting for tax purposes
The economic event that creates the financial transaction, rather
than the transaction itself, provides the basis for the accounting
entry.
Implementation of the matching principle dealing with expenses
creates a problem with long-lived assets such as buildings and
equipment.
Save
Question 5 (5 points)
Which of the following is NOT considered an expense on the

4. income statement?
Question 5 options:
Depreciation
Notes payable
Provision for Bad Debts
Salaries and benefits
Save
Question 6 (5 points)
Which of the following asset is least liquid?
Question 6 options:
Cash
Fixed assets (property and equipment)
Short-term securities
Accounts receivable
Save
Question 7 (5 points)
In allocating costs, which of the following is NOT considered
an advantage with respect to “Double Apportionment?”
Question 7 options:
It is simple to do and does not require a computer to calculate
It fixes the problems with direct and step-down apportionment

5. Takes into account the costs of revenue departments doing work
for other revenue departments
Considering value, or accuracy over cost, it is the most practical
method of cost allocation
Save
Question 8 (5 points)
Which of the following is a FALSE statement characterizing
managerial accounting?
Question 8 options:
Focuses on subunits of an entity for internal decision-making
Is forward-looking
Cost accounting is a subset of managerial accounting
Involves identifying, measuring, recording, and communicating
in dollar terms the economic events and status of an
organization.
Save
Question 9 (5 points)
Which of the following is the CORRECT definition of the
statistics budget which is considered the cornerstone of the
budget process?
Question 9 options:
Combines volume and reimbursement data to develop revenue
forecasts
Focuses on costs of providing services including labor and non-
labor components

6. Specifies the patient volume and resource assumptions used in
other budgets
Combination of the revenue and expense budget
Save
Question 10 (5 points)
Which of the following is a FALSE statement concerning
variance analysis?
Question 10 options:
Assists managers identify the factors that cause realized profits
to be different from expected profits.
To be most useful, it examines the difference between the
actual, flexible, and static budget.
Essential to the managerial control process.
Represents the number of years necessary for cash flow to
recover the original investment.
Save
Question 11 (5 points)
Which of the following is NOT part of an operational plan?
Question 11 options:
Working capital management plan
Strategic plan
Long-term plan

7. Managerial Accounting Plan
Save
Question 12 (5 points)
Indicate where the event "paid income taxes" would appear, if
at all, on the statement of cash flows.
Question 12 options:
Operating activities section
Investing activities section
Financing activities section
Does not represent a cash flow
Save
Question 13 (5 points)
Net income results when:
Question 13 options:
Assets > Liabilities
Revenues = Expenses
Revenues > Expenses
Revenues < Expenses
Save
Question 14 (5 points)
Which of the following is NOT a capital component when
calculating the weighted average cost of capital (WACC) for

8. use in capital budgeting.
Question 14 options:
Long-term debt
Accounts payable
Retained earnings
Common stock
Save
Question 15 (5 points)
The category that is generally considered to be the best measure
of a company's ability to continue as a "going concern" is:
Question 15 options:
Cash flows from operating activities
Cash flows from investing activities
Cash flow from financing activities
Usually different from year to year
Save
Question 16 (5 points)
The breakeven point occurs when:
Question 16 options:
Sales equal total variable costs
Contribution margin equals total varible costs

9. Contribution margin equals total fixed costs
Sales equal total fixed costs
Save
Question 17 (5 points)
Financial statements are the major means of communicating
accounting information to interested parties:
Question 17 options:
True
False
Save
Question 18 (5 points)
In theory, capital budgeting decisions should depend solely on
forecasted cash flows and the opportunity cost of capital. The
decision criterion should not be affected by managers' tastes,
choice of accounting method, or the profitability of other
independent projects.
Question 18 options:
True
False
Save
Question 19 (5 points)
The cost of capital used in capital budgeting should reflect the
average cost of various sources of investor-supplied funds a
firm uses to acquire assets.
Question 19 options:

10. True
False
Save
Question 20 (5 points)
The internal rate of return is the discount rate that equates the
present value of the cash outflows (or costs) with the present
value of cash inflows.
Question 20 options:
True
False
Save
Save All Responses Go to Submit Quiz
Bottom of Form
14
123558
15
16
17
18

11. 261071
19
20
[{'hid_page':['z_a'
[{'3':['grid','pagesiz
dfUvKuybibHIvW
1647922
1
0
false
1
2
3
4
5
6
7
8

12. -52616674771783
9
10
11
12
13