An outside professional conducts an examination of company’s accounting records in order to determine whether the company is maintaining records according to the generally accepted accounting principles. What this examination is called ?

Related Mcqs:

1. The study of a company’s accounting statements and future prospects to determine its value is known as ?

   A. information analysis
   B. risk management
   C. fundamental analysis
   D. diversification

2. When a company reviews sales costs and profit projections for a new product to find out whether these factors satisfy the company’s objectives they are in which of the following new process development stages ?

   A. Concept development and testing
   B. Commercialization
   C. Business analysis
   D. Marketing strategy development

3. A life insurance company forces Enzo to have a medical examination prior to selling him insurance ?

   A. transitivity
   B. impossibility
   C. independence
   D. unanimity

4. In 1985, the Coca-cola Company made a classic marketing blunder with its deletion of its popular Coca-Cola product and introduction of what it called New Coke Analysts now believe that most of the company’s problems resulted from poor marketing research. As the public demanded their old Coke back the company relented and reintroduced Coca-Cola Classic (which has regained and surpassed its former position) while New Coke owns only 0.1 percent of the market Which of the following marketing research mistakes did Coca-Cola make ?

   A. They did not investigate pricing correctly and priced the product too high
   B. They did not investigate dealer reaction and had inadequate distribution
   C. They defined their marketing research problem too narrowly
   D. They failed to account for the Pepsi Challenge taste test in their marketing efforts

5. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?

   A. Open value
   B. Book value
   C. Real value
   D. Artificial value

6. A company is in the ________ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product ?

   A. product development
   B. commercialization
   C. marketing strategy
   D. business analysis

7. There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?

   A. Currency exchange
   B. Currency value
   C. Currency value
   D. Exchange rate

8. What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?

   A. Bonus
   B. Up level
   C. Goodwill
   D. Upgradation

9. Jamil’s friend dies of a sudden heart attack. Jamil rushes to his doctor for an expensive physical examination. This response demonstrates that ?

   A. People give too much weight to a small number of vivid observations
   B. People easily change their minds when confronted with new information
   C. People enjoy going to the doctor
   D. People tend to plan ahead and follow through on their plans

10. The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?

    A. Regional
    B. structural
    C. seasonal
    D. demand-deficient