Daily Archives: October 15, 2015

Venture Capital Test

1. What level of involvement will a venture capital firm typically have? Answers: None; their investment is passive Very active; a venture capital team member will be on site daily Somewhat active; weekly visits to the target company No day to day involvement; involvement through participation in the board of directors only 2. How are [...]

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Statistics Test

1. Prior experience and situational analysis are important in making decisions when a person does not have enough information to calculate the probability of occurrence of an event. Answers: True False 2. The following are data collection methods except: Answers: Surveys Observation Sampling Designed experiments 3. Population parameters include the following except: Answers: population mean [...]

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General Financial Accounting Test

1. Which of the following is NOT an example of a period expense? Answers: Administrative costs Inventory costs Accounting costs Selling costs 2. Which of the journal entries below is incorrectly recorded? Answers: Dr: Cash, Cr: Investment in ABC Co. - Sale of an investment for cash Dr: Prepaid Insurance, Dr: Cash - Paid in [...]

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