How would trademarks and copyrights be listed on a company's balance sheet?
A) Fixed assets
B) Liabilities
C) Intangible assets
D) Owners' equity
E) Short-term investments
Question 2 - Paul works in an organizational structure where the lines of communication are very clear; however, managers often feel isolated and lack the resources needed to achieve company goals. Paul most likely works in which type of organizational structure?
A) Network
B) Wide
C) Specialized
D) Matrix
E) Line
Question 3 - Anastasia has a small bed and breakfast (B&B) in a lakeside resort town. If she listed all of the B&B's assets on the balance sheet, which of the following assets would be listed last?
A) Furniture and appliances
B) Cash in checking account
C) Cleaning equipment and supplies
D) Office equipment and supplies
E) Building
Question 4 - An analyst in the corporate finance department at Chase Bank has been assigned to an interdepartmental project involving a major client. He must report to two different supervisors-the project manager and the manager of his department. This sort of organizational structure is called a _____ structure.
A) network
B) matrix
C) line
D) functional
E) line-and-staff
Question 5 - The ease with which an asset can be converted into cash is referred to as its:
A) liquidity.
B) profitability.
C) solvency.
D) convertibility.
E) capitalization capacity.
Question 6 - Drake works on a cross-functional team in a matrix organization. He is a member of the finance department, and his boss is the VP of Finance, but Drake's team is run by a project manager. The downside to this matrix structure is that:
A) managers may feel isolated and lack resources.
B) there is increased flexibility and collaboration.
C) this type of structure only works for small organizations.
D) lines of communication may be blurred, and conflicts are harder to solve.
E) the staff managers have no authority over line employees.
Question 7 - If the liabilities of a business are 85,000 and the owners' equity is 110,000, which of the following is a true statement?
A) Assets equal 25,000.
B) Assets equal 195,000.
C) Assets equal 110,000.
D) Assets equal 85,000.
E) It is impossible to determine the value of the assets.
Question 8 - Sherry, a sales representative, is placed in a group with an engineer from operations, a human resource specialist, and a financial manager, to develop new uses for the company's existing products. The company believes this form of collaboration will lead to increased innovation. This group is a:
A) standing committee.
B) task force.
C) staff support team.
D) cross-functional team.
E) multifaceted work group.
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