Well Done Is Better Than Well Said (by Moshood) free essay sample

Well done Is better than well said Distinguished ladles and gentlemen, panel of Judges co-debaters and my fellow audience a salaam Alaskan. It gives me a great pleasure to speak for the motion quoted well done Is better than well said. Well done is better than well said; says who, this is a famous quote of the popular old printer Benjamin Franklin. I strongly belief in the saying action speaks louder than voice I dont believe in words I believe in action, do you believe in words?!!!We have been living in a world of unfulfilled promises, a world where liberty only lies in rods, have we not heard enough of the sweet coated words of our governments and president, how long are we going to remain in this? , there are billions of promises yet to be fulfilled by our leaders, if we had known that their words were nothing we would not have voted for much do you all trust your political leaders, whose sugar coated has no meaning save empty and pseudo promises. We will write a custom essay sample on Well Done Is Better Than Well Said (by Moshood) or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The government promises peace but yet killing of men Is Like that of killing chickens, the death rate has Is on the rise and the burial ground keeps receiving visitors, well Its so ad to know that words are easily said, forgotten and betrayed but actions are not. What would you say about the rising rate of unemployment, can you count the times government have promised employment opportunities, well dont be surprised because words however sweet and pleasant will remain word if not accompanied with action. We need action to change the bearing of this country, we are potentially endowed yet the words of our leaders play little to bring us to the share of progress. Honorable Judges, People easily speak about what they cant do, why cant men let their action speak for them, wise men dont speak their action speaks for them, cause action removes the doubt that theory cannot solve.Coming down the stairs to our social lives; deceit, betrayal and Lies has become a day to day activity, the three words l LOVE YOU has ended up many homes hopeless , unhappy and has even lead to so many torn homes, he claims to love her but never show care, he claims to love her but have no time for her, he deceived her with the words l LOVE YOU only to make her suffer and unhappy, he betrayed her trust in his words, he made her wish she knew the devil inside him but no, she only saw his sweet coated words initially, now she knows that its not what we say hat shows who we really are, but rather what we do.Daddy tel ls me a thousands time I love you but has always been busy in is office and has no time to spend with me, no time to share problems together, no time to tell me stories and teach me about moral values. Would you prefer a thousand words too good deed? I would rather suck to a good deed rather than a thousand words. Let me remind you of the fact that winners have program but losers have excuse, why should one preach what one can not do, doing something well is more powerful and effective than saying it skyscraper with his or her mouth.

Poverty throughout the United States Essays

Poverty throughout the United States Essays Poverty throughout the United States Essay Poverty throughout the United States Essay The culture of poverty thesis maintains that the poor are largely responsible for their own poverty. Others, however, argue that this attitude essentially blames the victim and that poverty is cause by society’s unequal distribution of wealth. This paper takes the stand that poverty is condition brought about by the unequal opportunities and distribution of wealth. There are many measures employed in the United States to prevent, alleviate or cure poverty and to maintain adequate incomes for certain sectors of the population. Being one of the superpower in the world, it is difficult to imagine that extreme poverty still exists in this country. For indeed, how can a nation so wealthy still have citizens who are less fortunate. There comes a time when world do get a glimpse of the real condition of poverty as a fact of life in the United States. Defining Poverty Poverty may be defined in absolute or relative terms. An absolute definition defines a minimal level of well-being in nutrition, shelter, clothing, health and many more and then determines what income is sufficient to maintain this level, taking into account family size and other factors. To start off, one sees that for the huge majority of Americans, the days of high quality jobs with decent wages, security, and full health and retirement benefits are a thing of the past. This is especially true of people who had little or no education and are therefore barred from great companies. As for cashing in on the success of companies like Microsoft, or becoming a venture capitalist, to make money more quickly, as James Fallows in The Invisible Poor notes many Americans to have done, even the smallest business entails ample capital, not to mention financial risk, which people like Tanya could not afford to take. Hence the solution is more suitable for middle class people with money to spare (Fallows). Given that the situation is characterized by the need for jobs with a salary that would cover, at the very least, the basic needs of a family, it seems plausible that the best solution is to promote economic growth. According to Charles Clark in Ending Poverty in America: The First Step, the rationale for â€Å"making the economic pie larger† is so all can have more, that is, to minimize scarcity (not enough to go around) that results in income inequality and poverty. This solution not only prevents a class warfare, but also benefits the business sector, eventually leading to a â€Å"trickle down effect† that benefits the workers. Clark made this solution more specific by advocating what he called a â€Å"basic salary system,† that would provide a decent minimum income floor to ensure â€Å"economic security for the poor so they can seek further education (and to concentrate on education without oppressive work requirements) and training to try different market strategies. † (Clark, 2004). An article entitled Meritocracy in America which appeared in The Economist tackles a similar issue- this time focusing on educational inequalities- and shows evidence that social mobility, i. e. people climbing the income brackets, has declined since the 1970s. Among the cited studies is the one conducted by two economists at the Federal Reserve Bank of Boston who found â€Å"that 40% of families remained stuck in the same income bracket in the 1990s, compared with 37% of families in the 1980s and 36% in the 1970s. (Meritocracy in America, 2004). The article goes on to explain how the educational system has become increasingly stratified by social class, with â€Å"three-quarters of the students at the country’s top 146 colleges [coming] from the richest socio-economic fourth, compared with just 3% from the poorest fourth (the median family income at Harvard, for example, is $150,000). † Elite universities further disadvantage the poor through policies like â€Å"affirmative action† and â€Å"legacy preferences. The first is designed to help members of racial minorities regardless of social status, and the second is a program that makes admittance easier for children of alumni, e. g. in most Ivy League institutions, â€Å"legacies† make up between 10% and 15% of every class (Meritocracy in America, 2004). The persistence of poverty reflects a complex conjunction of factors. First demographic trends swelled the ranks of the elderly, of female-headed households, and of job-seekers. Because these groups tend to be at the low end of employability, poverty rates went up. Thus, the situation results in the poor remaining poor and the rich becoming richer than ever. People who come from poor families have even less chance of being accepted into schools that hold the key to the best jobs. In the end, their options become limited to either attending second-rate schools promising second-rate jobs, or dropping out of school altogether to get blue-collar jobs. Although the main federal program supporting poorer students, the Pell grant, largely go to poor families with incomes below $41,000, Meritocracy in America reveals that â€Å"the federal government has been shifting resources from Pell grants to other forms of aid to higher education,† such as student loans and federal tax breaks that benefit both the rich and the poor. The article further questions the motivation of many colleges for giving student loans, pointing out that financial aid is being increasingly used to attract the best students away from competitors rather than to help the poor as it should (Meritocracy in America, 2004). Policy Evaluation: Economic Realities and Critical Ideological Viewpoints Because of the radical differences in their perspectives on poverty and its causes, critics of various ideological stripes have different evaluations of income support programs. There is little agreement on their impacts and outcomes. Conservatives, given their belief that poverty is the fault of the poor and of misguided welfare spending generally evaluate public programs negatively. They focus on the high cost of programs, on disincentives to work, and on the advantages of private or state programs over federal policies. Conclusions The paper concludes that there are solutions available to eliminate poverty such as a establishing a basic income system and reforming the education system to allow easier access for poor children. However, the government, schools and concerned wealthy people can only do so much. Poor people cannot go on laying the blame for being poor on other people and should start to take responsibility for their own destiny. While it is true that being born into a poor family is often large enough an obstacle to financial freedom, at the same time, having children out of wedlock, taking illegal drugs, being an alcoholic are not the types of choices that pave the way to success. It is not enough to think of the poor as hapless victims of an oppressive class structure, but to analyze their active role in their own oppression. Only through an objective understanding of the reasons why poor people remain poor for the rest of their lives can these people learn how to finally break free from the shackles that bind them. Public assistance programs come in two forms, cash assistance and in-kind assistance. Cash assistance is imply, cash assistance and in-kind assistance. Cash assistance is simply a -transfer of income from a government agency to an individual. The United States has been consistently last in establishing welfare aid income support programs, and its funding of them remains at a level well below that of most other developed nations, in which social insurance and public assistance benefits come close to ensuring current average living standards. References www.usbig.net/papers/080-Clark-EndingPoverty.doc economist.com/world/na/displayStory.cfm?story_id=3518560

Human Traffic into the United States Research Proposal

Human Traffic into the United States - Research Proposal Example Background of the Study Human trafficking has been a lucrative trade with an estimated income of over $30 billion per year in the international trade despite the efforts of several human rights bodies and government to stop the trade and other human rights violations. The United States government has been on the frontline to fight human smuggling and trafficking as a crime against humanity and state due to violation of immigration laws. Treaties and conventions against human trafficking and modern slavery have proved fruitless to curb the vice regionally and in internationally, necessitating the need to study and evaluate alternative means of curbing this menace. Criminal justice studies suggest the need for an alternative approach to addressing the various perspectives of international laws on human rights (Kara, 2009) and this needs to be addressed and further studies conducted if the respect of human rights and freedom has to be fully exercised. Problem Statement Despite the effor ts of Non-Governmental Organizations and the United States government efforts to stop human trafficking and smuggling, the exercise has been on the rise and a study to investigate the core factors that necessitate the transfer and smuggling of individuals in to the United States will be paramount. The rise of these activities reflects continued violation of human rights and state’s immigration laws, prospects that have led to a rise in the number of illegal migrants in to the United States majority of whom indulge in criminal activities. Criminal Justice Question: Why has the number of human trafficking incidences been on the rise in United States and what can be done to curb the vice? Research Questions: What accounts for the increase in cases of human trafficking in to the United States? What factors from the victim’s point of view or what promises do the traffickers give the victims that necessitated easy transfer and harboring? What is the major motive of these hum an trafficking activities into the United States, are they socially or economically motivated? What factors have necessitated free and uncontrolled border entry and how do traffickers manage to conduct their businesses unnoticed? What measures has the government and other security arms taken to mitigate these activities within the United States’ territory? What alternative measures have been taken by Non-Governmental Organizations and other lobby groups in addressing the rise considering their initial strategies have somehow proved unfruitful? Hypothesis: There is a relationship between poverty and globalization which has led to weakening of political and social/cultural institutions promoting decay in social and economic norms and mores. Significance of the Study By understanding factors that have led to the increase of human trafficking, the government and immigration departments will take the necessary measures to curb the vice in subsequent years. Unearthing the motives o f trafficking and smuggling will help social and economic institutions to strengthen their policies that promote equal human treatment and those that will enhance human rights and freedom watch. By evaluating the borders activities and/or the relationship of border officers with the traffickers will assist the government and relevant ministries to revise immigration laws and policies to further curb unrestricted entry. As a

Hollywood Portrayal of Cancer Essay Example | Topics and Well Written Essays - 1500 words

Hollywood Portrayal of Cancer - Essay Example Sweet November and Autumn in New York are both love stories that are centered on the appreciation of the beauty of life. In exploring this theme, the movies placed the main characters in a situation where one of them is terminally ill. Sweet November is a love story that revolves around Nelson Moss (played by Keanu Reeves) and Sara Deever (Charlize Theron). Deever took it as a mission to help Moss overcome his obsession with work and success, and thereby allowing him to appreciate and enjoy life. This mission would be achieved in just one month. As the story unfolds, it is revealed that Deever is afflicted with non-Hodgkin's lymphoma, a type of cancer that is the main reason for Deever's decision to lead an unusual lifestyle of "curing" men of their misbehaviors towards women. The story ends tragically, with Deever ending her relationship with Moss and facing the consequences of her illness alone.. Autumn in New York is a love story between a womanizing older man and a young, vibrant woman. Early on the story, Charlotte Fielding (Winona Ryder) and Will Keane (Richard Gere) fell in love, and as Keane was ending the relationship in the same manner as he had ended his past relationships, Fielding agreed to the fact that they would have no future together because she was sick. The story ended in tragedy as Fielding dies of a rare disease after the last-resort surgical operation failed to save her life. There are many similarities in the two movies in the manner that cancer was portrayed. First, the illness was equated to the certainty of death. The drama in both films revolves around the fact that the women have little time left. Both protagonists also dealt with the disease in a similar manner - they gave up on medical treatments. In Autumn of New York, Charlotte Fielding even signed a directive that no surgery will be made on her. In one of their conversations, Fielding told Keane, "I don't want to give hope, when there is none" (Chen, 2000). The same attitude was somewhat projected by Sara Deever in Sweet November. She decided to take on a different course in life, away from the regular treatments usually provided by hospitals to cancer patients. Both films in a way concluded that there were no other options for the two cancer-afflicted characters, and that subjecting themselves to medical treatments and procedures would yield the same result, that is, eventual death. The character in Autumn in New York died at the end of the film, while in Sweet November, the character decided to come home and perhaps yield to medical cure for her illness, although the last scene seemed to indicate that she would be spending the rest of her life wilting away and succumbing to death. She left the viewers thinking that she would die, in the same way that her lover agreed to letting her go and face death. Both stories depict the dying characters, both of which were white women, still in flawless appearance. This would fall under what Comedienne Carol Burnett referred to as the Movie Star Disease (as cited in Lallanilla, 2005), where the ill character,

Malaysia Airline System Berhad Company Profile Essay Example for Free

Malaysia Airline System Berhad Company Profile Essay Malaysia Airlines is listed on the stock exchange of Bursa Malaysia under the name Malaysian Airline System Berhad. MAS had been suffered high losses over the years because of the fuel price increases and poor management. Malaysia’s government overhauled the operations of the airline. Under Idris Jala who was appointed as the new CEO in 1 December 2005 leadership, Malaysia Airlines unveiled its Business Turnaround Plan (BTP) in February 2006 which highlighted low yield, and an inefficient network and low productivity. (Refer to Appendix II) 2. Corporate Objective To produce a strategic, timely creative campaign targeting TIME’s readership of international travelers for Malaysian Airlines. (Refer to Appendix II) 3. Corporate Mission To provide air travel and transport service that rank among the best in terms of safety, comfort and punctuality. (Refer to Appendix II) 4. Corporate Vision An airline uniquely renowned for its personal touch, warmth and efficiency. (Refer to Appendix II) 5. Corporate Logo [pic] This logo designed by Mara Institute of Technology later known as Mara University of Technology was introduced on 15 October 1987, retaining he essence of the moon kite, with a sheared swept-back look for a more aerodynamic posture. The red and blue divides equally in the mid-spine to connote equilibrium. (Refer to Appendix II) 6. Board of Directors and Managers Dato’ Dr Munir Majid is chairman of Malaysia Airlines, chairman of PECD Berhad and Board of Saujana Resorts (M) Berhad.. He was born in Penang in 16 February. His earl y education was at St. Mark’s Primary School in Butterworth and the Bukit Mertajam High School. After that, he continued his upper secondary education at the Royal Military College in Sungai Besi near Kuala Lumpur.

The Psycho Lady of Flight 735 :: Personal Narratives

The Psycho Lady of Flight 735 Back in summer of summer of ’99, my mom, Judy, my dad, Dale, my brother, Brian and me, Michelle, took a vacation to California. Our trip was awesome! We went to Disneyland, Universal Studios and all those other tourist attractions. Everything was great until we got to the Los Angeles International Airport to fly home, on my very first plane ride ever! When we got there, we looked on the screen to see if our flight was still running on schedule, but to our surprise, our flight was boarding! My dad then screamed, "Let’s move it!" We sprinted through the airport to the terminal. I was struggling because I had three bags filled to the brim, since I’m a very heavy packer. Finally we reached the terminal and we were ready to check-in and board. My dad handed our tickets to the hostess, but she gave us a confused look, "Sorry Mr. Snover, we just closed the doors to board this flight. You will need to book another flight at a later time." We were all disappointed and wouldn’t take no for an answer, so after a little arguing and convincing, she gave in. She did tell us that our seats got separated, but we all could deal with that. We got to our seats and sat down to finally relax. Of course, I, the very unlucky one, got stuck beside a very large woman. Not to be rude or anything, but she took all of her seat and half of mine and had the worst body odor I have ever smelled! It was so bad I actually started to gag. I thought to myself, "Could this possibly get any worse?!" Yes, yes it could! The flight was going as good as it could get at that point, until I looked up from my book and saw all the flight attendants’ faces and their little side conversations. They all had very scared looks on their faces, as if they all saw a ghost or something. Something was wrong and I grew a little worried. I got really frightened when I saw the co-pilot run back through the plane. A few minutes later, the pilot ran to the back too! Now, I was terrified. I thought two things, "What the heck is going on, and who the heck is flying the plane?" All of a sudden, a flight attendant came over the loud speaker and said with a very shaky voice, "Attention all passengers, we need to make an emergency landing in Denver, Colorado.

Sample Question

Sample Question 5312 Fall 2009 Student:___________________________________________________________________ 1. Corporate governance include concerns about: A. business ethics and social responsibility. B. the responsibilities of the board of directors. C. equitable treatment of stakeholders. D. disclosures and transparency. E. all of the above. 2. The most powerful corporate governance legislation to date has been: A. the Sarbanes-Oxley Act (SOX) of 2002. B. the creation of the American Institute of Certified Public Accountants. C. Corporate Ethics Code of 2005. D. the regulation of inventory management practices by the SEC. . The Sarbanes-Oxley Act (SOX) of 2002 does not specifically prohibit an independent auditor from performing the following non-audit function(s) for an audit client: A. financial information systems design and implementation. B. internal audit outsourcing services. C. tax services. D. â€Å"expert† services. E. SOX specifically prohibits an independent audi tor from performing all of all of the non-audit services for an audit client. 4. Which is the following descriptions is not one of the â€Å"Seven Financial Shenanigans† identified by Howard Schilit and listed in Exhibit 10-1: A. ecording revenue too soon or that is of a questionable quality. B. boosting income with one-time gains. C. failing to record intangible assets which the company has ownership rights to. D. shifting future expenses to the current period as a special charge. E. failing to record or improperly reducing liabilities. 5. The explanatory notes to the financial statements: A. should be referred to if more than a cursory, and perhaps misleading impression of a firm's financial position and its results of operations is to be achieved. B. are not an integral part of the financial statements. C. nclude a great deal of detailed information that is potentially useful only to a financial analyst making a detailed appraisal of the future prospects of the entity. D. are used by many entities to hide information from the reader of the financial statements by including in the explanatory notes information that should be shown in detail on the financial statements themselves. 6. The nature and content of disclosures relate to all of the following except: A. accounting changes. B. segment information. C. fair market value. D. contingencies and commitments. E. events subsequent to the balance sheet date. . Which of the following is nota topic that is likely to be discussed as a significant accounting policy? A. Depreciation method. B. Earnings per share of common stock calculation details. C. Inventory valuation method. D. Method of estimating uncollectible accounts receivable. 8. The explanatory notes to the financial statements: A. are not an integral part of the financial statements. B. explain the significant accounting policies of the company. C. usually disclose the amount of the company's bad debts expense. D. describe management's product de velopment plans for the coming year. 9.Significant accounting policies are described in the explanatory notes to the financial statements because: A. there isn't enough space for them to be included in the captions of the financial statements. B. if the accrual basis of accounting is used, â€Å"matching† of revenues and expenses may not take place. C. the reader must be aware of which of the alternative generally accepted accounting practices have been used. D. none of the above. 10. When an entity changes its accounting from one generally accepted method to another generally accepted method: A. financial statements of all prior years are changed to maintain comparability. B. n explanatory note stating that the change was approved by the Financial Accounting Standards Board is required. C. the dollar effect of the change on both the balance sheet and income statement must be disclosed. D. changes like this are not permitted. 11. The impact of changing price levels on amounts reported in financial statements is: A. reported as a separate item on the balance sheet. B. accomplished by reporting assets at their replacement cost. C. required to be described in the explanatory notes to the financial statements. D. encouraged, but not required to be described in the explanatory notes to the financial statements. 2. Management's statement of responsibility: A. explains that the entity's financial statements are the responsibility of the entity's auditors. B. states that the financial statements are free of significant error. C. affirms that management is responsible for assuring adherence to internal control policies and procedures. D. guarantees that the firm has operated in a highly ethical manner. 13. Firms that issue registered securities are required to file, with the SEC on an annual basis, which of the following? A. An annual report. B. A prospectus. C. A form 10-K. D. A set of financial statements. E.All of the above. 14. A firm's cash dividends were $ 3. 96 per share of common stock for calendar 2006. In 2007 the stock was split 3 for 1, and in 2008 a 10% stock dividend was issued. Dividends per share for 2006, to be reported in the firm's annual report for 2008, are: A. $3. 96 B. $1. 45 C. $1. 32 D. $1. 20 15. Business segment information is included in the explanatory notes to financial statements because: A. the amounts shown on the financial statements of most companies are just too large to comprehend. B. current and potential investors can make more informed judgments about the company. C. et income from various geographic areas can be clearly determined. D. by combining these amounts for each segment, ROI and funds flows for the company as a whole can be determined. 16. For 2006, Skresso Co. reported $3. 64 of earnings per share of common stock. During 2007 the firm had a 4% common stock dividend. 2006 earnings per share to be reported in the annual report for 2007 are: A. $3. 79 B. $3. 64 C. $3. 50 D. $3. 49 17. Managemen t's statement of responsibility: A. usually refers to the company's system of internal controls. B. emphasizes that the auditors are responsible for the financial statements. C. ncludes a disclaimer of responsibility for the level of the P/E ratio of the company's common stock. D. gives the president of the company an opportunity to explain why profits changed. 18. Which of the following is the proper paragraph sequence for an independent Auditor's Report? A. Scope, introduction, opinion. B. Introduction, scope, opinion. C. Opinion, scope, summary. D. Introduction, opinion, scope. 19. A firm's independent auditors have the responsibility to: A. assess the firm's accounting policies. B. ascertain the firm's profit potential. C. uncover all fraudulent activities. D. assess management's discussion and analysis. 0. The independent auditors' report usually: A. presents a â€Å"clean bill of health† for the company. B. refers to the quality of the company's products or services. C. includes an opinion that the financial statements are correct. D. includes an opinion that the financial statements present fairly, in all material respects, financial information about the company. 21. An audit conducted in accordance with generally accepted auditing standards includes each of the following except: A. examination, on a test basis, of evidence supporting the amounts and disclosures in the financial statements. B. valuation of the efficiency and effectiveness of management. C. assessment of the accounting principles used and significant estimates made by management. D. planning and performance of the audit to obtain reasonable assurance that the financial statements are free of material misstatements. 22. Which one of the following methods is no longer a Generally Accepted Accounting Method? A. Purchase accounting. B. Fair market value method. C. Pooling method. D. None of the Above. 23. Which of the following require an explanatory note in the independent auditors' report. A. basing the opinion on the work of another auditor.B. Uncertainties about the outcome of a significant event that would have affected the presentation of the financial statement. C. Substantial doubt about the entity's viability to continue as a going concern. D. None of the above. E. Items a, b and c are correct. 24. A management that wanted to increase the financial leverage of its firm would: A. raise additional capital by selling common stock. B. use excess cash to purchase preferred stock for the treasury. C. raise additional capital by selling fixed interest rate long-term bonds. D. try to increase its ROI by increasing asset turnover. 25.For the fiscal year ended March 31, 2007, a company reported earnings per share of $3. 25 and cash dividends per share of $0. 50. During fiscal 2008, the company had a 3 for 2 stock split. In the annual report for the fiscal year ended March 31, 2008, earnings per share and cash dividends for fiscal 2007 would be reported, respecti vely, as: A. $3. 25 and $0. 50 B. $4. 85 and $0. 75 C. $2. 17 and $0. 33 D. $1. 09 and $0. 17 26. Financial leverage: A. arises because most borrowed funds have a fixed interest rate. B. arises because most borrowed funds have a variable interest rate. C. usually has no bearing on the risk associated with a company.D. is a concept that does not apply to individuals. 27. A potential creditor's judgment about granting credit would be most influenced by the potential customer's: A. current ratio at the end of the prior fiscal year. B. most recent acid-test ratio. C. trend of acid-test ratio over the past three years. D. practice with respect to taking cash discounts offered by current suppliers. 28. Another term for the price/earnings ratio is: A. cost ratio. B. sales multiple. C. earnings multiple. D. profit ratio. 29. An entity's current ratio will be influenced by: A. the inventory cost flow assumption used. B. riting off an overdue account receivable against the allowance for uncol lectible accounts. C. the depreciation method used. D. issuance of a stock dividend. 30. If a firm's debt ratio were 25%, its debt/equity ratio would be: A. 25%. B. 50%. C. 33. 33%. D. 75%. 31. An individual interested in making a judgment about the profitability of a company should: A. review the trend of working capital for several years. B. calculate the company's ROI for the most recent year. C. review the trend of the company's ROI for several years. D. compare the company's ROI for the most recent year with the industry average ROI for the most recent year. 2. Which of the following is not a category of financial statement ratios? A. Financial leverage. B. Liquidity. C. Profitability. D. Prospectus. 33. When a firm has financial leverage: A. ROI will be greater than ROE. B. ROI will usually be less than it would be without leverage. C. risk is greater than if there isn't any leverage. D. the firm will always have a higher ROE than it would without leverage. 34. When a corporat ion has both common stock and preferred stock outstanding: A. dividends on preferred stock are paid only if the company has current earnings. B. ividends on preferred stock must be paid before dividends on common stock can be paid. C. preferred stockholders receive the same dividend per share as common stockholders. D. dividends on preferred stock are paid only if dividends are to be paid on the common stock. 35. A leverage buyout refers to: A. one firm issues stock to take over another firm. B. one firm trades its stock for the stock of another firm. C. a firm goes heavily into debt in order to obtain the funds to purchase the shares of the public stockholders. D. one firm pays cash for the shares of a takeover firm's shares. 36.The dividend payout ratio describes: A. the proportion of earnings paid as dividends. B. the relationship of dividends per share to market price per share. C. the percentage change in dividends this year compared to last year. D. dividends as a percentage o f the price/earnings ratio. 37. The price/earnings ratio: A. is a measure of the relative expensiveness of a firm's common stock. B. does not usually change by more than 1. 0 (e. g. 8. 2 to 9. 2) during the year. C. can be used to determine the cash dividend to be received during the year. D. is calculated by dividing the earnings multiple by net income. 38.If a firm's payment terms for sales made on account to its customers were 2/10, n30, the number of days' sales in accounts receivable would be expected to be: A. less than 10. B. between 10 and 25. C. between 25 and 40. D. over 40. 39. A common size income statement: A. uses the same dollar amount of revenues for each year. B. expresses items as a percentage of revenues. C. makes comparisons between years more difficult. D. is useful in estimating the impact of inflation. 40. Management's use of resources can best be evaluated by focusing on measures of: A. liquidity. B. activity. C. leverage. D. book value. 41.Asset turnover cal culations: A. are made by dividing the average asset balance during the year by the sales for the year. B. are made by dividing sales for the year by the asset balance at the end of the year. C. communicate information about how promptly the entity pays its bills. D. should be evaluated by observing the turnover trend over a period of time. 42. The comparison of activity measures of different companies is complicated by the fact that: A. different inventory cost flow assumptions may be used. B. dollar amounts of assets may be significantly different. C. only one of the companies may have preferred stock outstanding.D. the number of shares of common stock issued may be significantly different. 43. A higher P/E ratio means that: A. the stock is more reasonably priced. B. the stock is relatively expensive. C. investors are wary of the stock. D. earnings are expected to decrease. 44. Which of the following is(are) an example of a measure of leverage? A. Debt yield. B. Debt payout ratio. C. Preferred dividend coverage ratio. D. Debt/equity ratio. E. All of the above. 45. The inventory turnover calculation: A. is wrong unless cost of goods sold is used in the numerator. B. is wrong unless sales is used in the numerator. C. s an alternative way of expressing the number of days' sales in inventory. D. requires knowledge of the inventory cost flow assumption being used. 46. Book value per share of common stock of a manufacturing company: A. is not a very useful measure most of the time. B. is calculated by dividing market value per share by earnings per share. C. reflects the fair market value of the company's stock. D. is the same as the total balance sheet asset value per share of common stock. 47. If the P/E ratio of a company's common stock were 12, and its earnings were $ 2. 50 per common share: A. the market value of the common stock would be $20. 3 per share. B. the market value of the common stock would be $25. 00 per share. C. an increase in earnings of $0. 20 per share, with no change in the multiple, would result in a market price increase of $2. 40 per share. D. an increase in earnings of $0. 20 per share, with no change in the multiple, would result in a market price increase of $1. 67 per share. 48. The concept of operating leverage refers to which of the following? A. Operating income changes proportionately more than revenues for any given change in activity level. B. Operating income changes proportionately less than revenues for any given change in activity level.C. Operating income changes proportionately more than income for any given change in activity level. D. Operating income changes proportionately less than income for any given change in activity level. 49. As the total volume of activity changes: A. the total of variable costs changes. B. the total of fixed costs changes. C. variable costs per unit change. D. fixed costs per unit stay the same. 50. A firm has revenues of $120,000, a contribution margin ratio of 30%, and fixed expenses that total $56,000. If revenues increase $20,000, then: A. operating income will increase by $6000. B. operating income will be 0.C. fixed expenses will increase $8000. D. the contribution margin ratio will increase by 1/8. 51. Each of a company's several product lines has a different contribution margin ratio. Total sales in 2007 were 20% higher than total sales in 2006. Total contribution margin for 2007 will be: A. the same as it was in 2006, regardless of changes in sales mix. B. 20% higher than it was in 2006, regardless of changes in sales mix. C. more than 20% higher than it was in 2006, if the sales mix changes and proportionately more high contribution margin ratio products are sold in 2007 than in 2006. D. ess than 20% higher than it was in 2006, if the sales mix changes and proportionately more high contribution margin ratio products are sold in 2007 than in 2006. For questions 52, 53, 66, 79 and 84 the following graph is needed. [pic] 52. If sales volume were to decrease 10%, from 4,000 units per month to 3,600 units per month, operating income would: A. not change B. decrease $10,000 C. decrease $24,000 D. decrease $40,000 53. If the selling price per unit were to drop $2, from $100 to $98, the sales volume were to increase 500 units to 4,500 units per month, and advertising expense were to increase by $1,000: A. he break-even point would increase. B. the break-even point would decrease. C. the contribution margin ratio would increase. D. operating income would decrease. 54. The cost of a single unit of production in excess of the breakeven point in units is: A. its fixed cost and variable cost. B. its fixed cost only. C. its variable cost only. D. none of the above. For questions 55 and 64 the following graph is needed. [pic] 55. Using the high-low method, the variable rate for maintenance is: A. $0. 40 B. $0. 80 C. $1. 20 D. $2. 50 56. The term â€Å"relevant range† refers to: A. the range of activity where costs will fluc tuate. B. he range of activity where fixed costs change as activity changes. C. the range of activity where total variable cost remains constant as activity changes. D. the range of activity where cost relationships are valid. 57. A firm's products have an average contribution margin ratio of 40%, which will be maintained for the next month even though fixed expenses are expected to rise by $20,000. In order to keep operating income for the month from being affected, revenues will have to increase by: A. $ 8,000 B. $12,000 C. $20,000 D. $50,000 58. The cost formula for monthly customer order processing cost has been established as $100 + $0. 5 per order. It is expected that 5,600 orders will be processed in May and 6,400 in June. Total order processing costs for May and June combined will be estimated to be: A. $ 940 B. $1,060 C. $2,000 D. $2,500 59. The contribution margin ratio always decreases when the: A. breakeven point decreases. B. fixed expenses increase. C. selling price in creases and the variable costs remain constant. D. variable cost increase and the selling price remains constant. 60. Knowledge about the behavior pattern of a cost is important to understanding the effect on net income of a change in sales volume because as sales volume changes: A. et income will change proportionately. B. the effect on net income will depend on the behavior pattern of various costs. C. fixed costs will rise proportionately. D. variable costs will not change. 61. Management accounting is: A. a highly technical subject that people in personnel or engineering should not be expected to understand. B. performed by individuals who seldom work with people in other functional areas of the organization. C. the principal activity involved in determining the goals and objectives of the entity. D. an activity that gets involved with virtually all of the other functional areas of the organization. 62.What percentage of the contribution margin is profit on units sold in excess of the breakeven point? A. It's 50% to the contribution margin ratio. B. It's equal to the variable cost ratio. C. It's equal of the gross profit ratio. D. It's 100%. 63. ABU Co. has several products, each with a different contribution margin ratio. If the same number of units were sold in July as in June, but the sales mix changed: A. operating income would be the same in June and July. B. fixed expenses in July would be in a different relevant range than in June. C. the company's overall contribution margin ratio would be the same in June and July.D. total contribution margin in July would be different from that in June. 64. Using the high-low method, the monthly fixed component of maintenance cost is: A. $1,600 B. $1,200 C. $1,100 D. $1,300 65. When the cost behavior pattern has been identified as fixed at a certain volume of activity: A. any change in volume will probably cause the cost to change. B. it is appropriate to express the cost on a per unit of activity basis. C. the t otal cost will not change even if the volume of activity changes substantially. D. the total cost may change if the volume of activity changes substantially. 66.The break-even point volume of units is: A. 0 B. 360 C. 720 D. 1000 67. An example of a cost likely to have a fixed behavior pattern is: A. sales force commission. B. production labor wages. C. advertising cost. D. electricity cost for packaging equipment. 68. The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is: A. total cost = fixed cost + (variable rate * volume of activity) B. total cost = fixed cost * volume of activity C. total cost = fixed cost * variable rate D. total cost = fixed cost – variable cost 69. As the level of activity decreases: A. fixed cost per unit decrease.B. variable cost per unit decrease. C. fixed cost remains constant in total. D. variable cost remains constant in total. 70. The contribution margin format income statement is organized by: A. r esponsibility centers. B. functional classifications. C. sales territories. D. cost behavior classifications. 71. As the level of activity increases: A. fixed cost per unit increase. B. variable cost per unit increase. C. variable cost per unit decrease. D. fixed cost per unit decrease. 72. Managerial accounting supports the management process most significantly by: A. measuring and reporting financial results after the fact.B. determining the goals and objectives of the entity. C. providing estimates of financial results for various plans. D. establishing operating policies to be followed during a period of time. 73. An example of a cost that is likely to have a variable behavior pattern is: A. sales force salaries. B. depreciation of production equipment. C. salaries of production supervisors. D. production labor wages. 74. A 10% change in a firm's revenues is likely to result in a change of more than 10% in the firm's operating income because: A. not all of the firm's costs will change in proportion to the revenue change.B. the firm has financial leverage. C. the contribution margin ratio will change in proportion to the revenue change. D. only fixed expenses will change in proportion to the revenue change. 75. An example of a cost likely to have a mixed behavior pattern is: A. sales force commission. B. raw material cost. C. depreciation of production equipment. D. electricity cost for the manufacturing plant. 76. Cost behavior refers to: A. costs that are both good and bad. B. costs that increase at a quicker rate than others. C. costs that decrease at a quicker rate than others. D. costs that are variable or fixed. E. one of the above. 77. Which of the following statements doesnot describe a characteristic of management accounting? A. Management accounting must conform to GAAP. B. Approximate amounts rather than accurate amounts or refined estimates are often used in management accounting. C. Management accounting places a great deal of emphasis on the f uture. D. Management accounting is more concerned with units of the organization rather than with the organization as a whole. 78. Simplifying assumptions made when using cost behavior pattern data include: A. relevant range and liquidity. B. fixed activity and linearity.C. relevant range and linearity. D. activity range and variability. 79. The contribution margin ratio is: A. 40% B. 60% C. 62. 5% D. 70% 80. Which of the following terms do not appear on the contribution margin format income statement: A. gross profit. B. contribution margin. C. operating income. D. variable expenses. 81. A management decision that would have a long term influence on the operating leverage of a firm would be: A. increasing the advertising budget. B. substituting robots for hourly paid production workers. C. increasing prices in proportion to raw material cost increases.D. having a season-end sale of seasonal products. 82. Which of the following activities is not part of the management planning and c ontrol cycle: A. data collection and performance feedback. B. implementation of plans. C. providing information to investors and creditors. D. revisiting plans. 83. The relevant range concept refers to: A. a firm's range of profitability. B. a firm's range of sales. C. a firm's range of rates of return. D. a firm's range of activity. 84. The break-even point in terms of total revenues per month is: A. $30,000 B. $60,000 C. $75,000 D. $100,000 85.When the high-low method of estimating a cost behavior pattern is used: A. cost and volume data must be reviewed for outliers. B. the direct result of the high-low calculations is the fixed expense amount. C. the highest and lowest sales price and volume amounts are used in the calculation. D. the resulting cost formula will explain total cost accurately for every value between the high and low volumes. 86. The shift in the amount of manufacturing overhead costs applied to the mix of products produced that occurs when using a single cost dri ver rate as compared to using activity-based costing rates is known as: A. nderapplied overhead B. overapplied overhead C. cost absorption D. cost distortion 87. An excess of cost of goods manufactured over cost of goods sold for the period represents: A. an increase in gross profit. B. a decrease in work in process inventory. C. overapplied manufacturing overhead. D. an increase in finished goods inventory. 88. A predetermined overhead rate is used to: A. keep track of actual overhead costs as they are incurred. B. assign indirect costs to cost objects. C. establish prices for manufactured products. D. allocate selling and administrative expenses to manufactured products. 9. Which of the following will cause income determined with absorption costing to be higher than income determined with direct costing? A. units produced equals units sold. B. units produced is greater than units sold. C. units produced is less than units sold. D. income determined with absorption costing will alw ays equal income determined with direct costing. 90. The overhead component of product cost is: A. the sum of the actual overhead costs incurred in the manufacture of the product. B. likely to be the same amount for every product made by the company. C. n estimated amount based on labor hours, machine hours, or some other activity. D. determined at the end of the year when actual costs and actual production are known. 91. For the partial value chain functions given below, which sequence is correct? A. design, production, marketing B. marketing, production, distribution C. research and development, production, distribution D. customer service, marketing, distribution 92. Total manufacturing costs for the month on the statement of costs of goods manufactured equals: A. variable costs + fixed costs + mixed costs. B. work in process inventory – finished goods inventory.C. cost of goods sold – cost of goods manufactured. D. cost of raw material used + direct labor cost incu rred + manufacturing overhead applied. 93. An example of a cost likely to have an indirect relationship with products being manufactured: A. production labor costs. B. raw material costs. C. electricity costs for packaging equipment. D. none of the above. 94. Costs may be allocated to a product or activity for many purposes, but care must be exercised when using allocated costs because: A. direct costs identified with the product or activity may not be accurately assigned.B. fixed costs will change in total if the volume of activity changes. C. all costs may not have been allocated to the product or activity. D. arbitrarily allocated costs may not behave in the way assumed in the allocation method. 95. The production cost of a single unit of a manufactured product is determined by: A. dividing total direct materials and direct labor for a production run by the number of units made. B. dividing total direct materials, direct labor, and manufacturing overhead for a production run by t he number of units made. C. ividing total direct materials, direct labor, manufacturing overhead and selling expenses for a production run by the number of units made. D. dividing the selling price by the gross profit ratio. 96. An example of a cost that is likely to have a direct relationship with products being manufactured: A. sales force salaries. B. depreciation of production equipment. C. salaries of production supervisors. D. production labor costs. 97. The sequence of activities that add value to the organization are: A. the value processes. B. the chain of production events. C. the value chain. D. the strategic cost initiatives. 8. Which of the following activities is not included in the organization's value chain? A. marketing. B. finance. C. customer service. D. research and development 99. Cost accounting is a subset of: A. financial accounting. B. process cost accounting. C. job order cost accounting. D. managerial accounting. 100. The three components of product costs are: A. direct material, supervisor salaries, selling expenses. B. direct labor, manufacturing overhead, indirect material. C. direct material, manufacturing overhead, direct labor. D. manufacturing overhead, indirect material, indirect labor.