FLORIDA NATIONAL COLLEGE End of Program Assessment Program ___________________________ Location__________________________ Student________________________________ Date________________________________...

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FLORIDA NATIONAL COLLEGE
End of Program Assessment
Program ___________________________Location__________________________
Student________________________________Date________________________________
Test Administrator______________________________
This end-of-program assessment is "open book." This does not mean that you can just copy from the book.
You should always try to give your answer in your own words and give "real life" examples to support your
answer. In cases where it is necessary to copy from another source please cite the source using APA
style. Thank you.
1BUSINESS LAW 2131 Courses this term:
Write a short comparision between Chapter 7 and Chapter 13 bankruptcy
2ACCOUNTING 2003
Silver Co sold merchandize to Bronze Co. on account, $23,000, terms 2/14, net 45. The cost of the merchandize sold is $18,500. Silver Co. issued a credit memorandum for $2,599 for merchandize returned that originally cost $1,900. The Bronze Co. paid the invoice within the discount period. What is the amount of net income earned by Silver Co. on the above transaction
3MANAGEMENT 2200
List and describe five roles manages play in carrying out their management functions.
4MARKETING 1011
There are many ways to segment a market but not all are effective. List and explain two of the five characteristics of useful market segmentation.
5MICROECONOMICS 2023
Explain demand and supply curves and how they can be used to understand resource allocation
6MACROECONOMICS 2013
Write a short essay on the key factors important to fiscal policy.
7. BUSINESS ETHICS AND SOCIAL RESPONSIBILITY GEB 2430
Explain the meaning of: "Justices and Fairness" and the "ethics of caring" and how they relate to business ethics
Write a short essay on why internal controls are necessary
Answered Same DayDec 20, 2021

Solution

David answered on Dec 20 2021
3 Votes
1 | P a g e

FLORIDA NATIONAL COLLEGE

End of Program Assessment
Program ___________________________ Location__________________________

Student________________________________
Date_____________________________
___
Test Administrator______________________________

This end-of-program assessment is "open book." This does not mean that you can just copy from the
ook.

You should always try to give your answer in your own words and give "real life" examples to support
your
answer. In cases where it is necessary to copy from another source please cite the source using APA
style. Thank you.
1 BUSINESS LAW 2131 Courses this term:
2 | P a g e
Write a short comparison between Chapter 7 and Chapter 13 bankruptcy
Ans- There is two types of bankruptcy, chapter 7 and chapter 13. Chapter 13 is a total
epayment plan whereas chapter 7 is a total liquidation plan. According to chapter 7,
company has to sell out all the assets in order to pay off the creditors whereas chapter 13
elates to consolidation. Chapter 7 cannot help in respect of foreclosure by first mortgage
holder whereas chapter 13 does the opposite. Chapter 7 is a complete debt wipe- out whereas
chapter 13 is not.
3 | P a g e
2. ACCOUNTING 2003

Silver Co sold merchandize to Bronze Co. on account, $23,000, terms 2/14, net 45. The cost
of the merchandize sold is $18,500. Silver Co. issued a credit memorandum for $2,599 for
merchandize returned that originally cost $1,900. The Bronze Co. paid the invoice within the
discount period. What is the amount of net income earned by Silver Co. on the above
transaction
Sold merchandise to Bronze Co. 23000.00
Less: sales return 2599.00
20401.00
Less: discount availed @ 2% 408.02
19992.80
Less; cost ( 18500-1900) 16600.00
Net Income Earned 3992.80
4 | P a g e
MANAGEMENT 2200
List and describe five roles managers play in ca
ying out their management functions.
Answer- Managers play an integral role in the management functions which includes:
 Managers play the role of MONITORING the management in a cordial manner
which can help the manager to seek and receive information and maintain personal
contacts with the stakeholde
 . Manager also play an Interpersonal role by acting as LEADER which can help him
to motivate and direct the subordinates as well as fill any communication gap between
5 | P a g e

the two levels of management.
 Managers also play a decisional role by acting as a RESOURCE ALLOCATOR and
decide about the allocation of resources and prepare budgets and...
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