TEST DAY

Question 1

Define: SQL

Answer 1

Structure Query Language -used to select tables and data needed for input into a an analytical model - Data Analytics involving extraction

MCQ-15319

Question 2

Firms with a higher degree of financial leverage will experience:

Answer 2

Once fixed interest costs are covered, additional EBIT will go straight to Net Income

Financial Leverage is the degree in which a firm’s use of debt financing magnifies the effects of a % change in EBIT on the % change in its Earnings Per Share

MCQ-07809

Question 3

Define: GDP

Answer 3

The total monetary value of all FINAL goods and services produced within a nation in 1 year

MCQ-05254

Question 4

If the dollar price of the euro rises, what will happen?

Answer 4

The dollar depreciates against the euro

The price of the euro compared to the dollar rises and will buy fewer US goods

MCQ-05860

Question 5

When does Stagflation occur?

Answer 5

Stagflation results from a declining output and rising prices

MCQ-14553

Question 6

Name the Balanced Scorecards four perspectives:

Answer 6

FICA

Financial Perspective
Internal Business Process
Customer Satisfaction
Advanced Learning/Innovation (HR)

MCQ-06994

Question 7

Equation: Payback Period

When Cash inflows are even

Answer 7

= Initial Investment / Average Incremental Cash Flow

MCQ-07805

Question 8

Equation: Sales Volume Variance

Answer 8

= Variance in units Sold (Actual - Budgeted)
× Contribution Margin per unit (Contribution Margin ÷ Actual Income)

= Variance due to Sales Volume Variance

MCQ-04142

Question 9

Define: Reversion Access

Answer 9

Change managements control running a parallel implementation when you can go back to the old system

MCQ-14512