Studying people in their daily lives to learn about their needs, wants, and behaviors in real-life settings is called ________. Which of the following is a defining characteristic of a problem-solving team? Which of the following describes any company who uses digital technology as one of the foundations of its value-creation process? James is the owner of a small toy manufacturing company. Which of the following is a disadvantage of a sole proprietorship? Reducing the price of the product - by the time a product has reached maturity, it. Make the journal entry to record the following transactions. Asset allocation is performed to ________. Consumers have the right to buy safe products, and to buy them safely. For the $n$ DVDs in your sample, let $f$ be the number that exceed 2 hours. two companies from unrelated industries unite to become a single company (WRONG). 9 The results of the study sparked our interest in further examining the dynamics of how manufacturers are reaching outside . The country's standard of living involves the goods and services created by profit-seeking companies. is a key aspect of social responsibility (WRONG). Financial motivation involves motivating employees with money and things associated with money. Companies can concentrate on core competencies. 1.Which of the following businesses buys products from other A company sells its accounts receivable to an intermediary. ________ refers to buying goods or services from a supplier in another country. From the perspective of independent contractors, which of the following is a potential drawback of working for an unstructured organization? Which of the following best describes the working relationship within a team? How has the use of the internet changed the issue of perishability for companies? ________ is the government-sponsored enterprise responsible for guaranteeing and funding home mortgages for low and moderate income buyers. and dividends of $54,000 during the current year. facilitate the buying and selling of stock. The intermediary collects the receivables from the customer. The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the ________. Work in Process Inventory 3. The Magnuson-Moss Warranty Act (1975) requires complete written warranties in ordinary language and requires warranties to be ________. When team members understand the task, what is expected of them, and their role within in the team, they ________. A) must focus on governmental regulations. When a large amount of money is needed for a short amount of time, ________ is used as a short-term promissory note to repay a borrowed amount by a specified time with a specified interest rate. $$ Which of the following best describes a purpose-driven business? Governments established ________ in an effort to ensure all competitors have an equal chance of succeeding. Which of the following can create ethically acceptable outputs by AI systems? Private limited companies pay corporation tax. ________ agreements entitle one company to use some or all of another firm's intellectual property in exchange for a royalty payment. In what way is a bond market different than a stock market? the sense each employee has that his or her efforts contribute to the outcome. A company that strives to do more than just make money. answer choices CellularBusiness Studies MCQs for CBSE Class 11th and 12th. c. Total Which of the following is the basic premise of a derivative? Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions? During the month of February, Nurix earned $55,400 of revenues by providing services to 45 clients. B. Which of the following is one of the negative aspects of holding a position on a board of directors? Raw Material Inventory 2. specialize in those areas where it can produce more efficiently than other countries. According to a United Nations estimate, the average Mexican immigrant family's annual income is $27,000. Which of the following best describes eBay's business model? Consumers who are united by their interest in and ownership of a particular product have created ________. In the money supply, what represents the cash held by the public and money deposited in checking accounts? In order to test a process virtually before implementing it on the factory floor, engineers can use ________. Socialism. Capitalization of costs applies to products. 5.The basic financial statements include the: a. bank What key aspect of running a business includes the ability to offer valuable goods and services while contributing to society? A contract manufacturer ("CM") is a manufacturer that enters into a contract with a firm to . ________ are estimates of future demand for a company's products. pressuring businesses to consider consumer needs. To choose: The primary source of revenue for a service business. Which of the following are part of manufacturing overhead? Which of the following can be categorized as a good? If this doesn't solve the problem, visit our Support Center . Which of the following refers to creating variations of an existing product? Short-term financing is financing that will typically be repaid within ________. According to Bruce Tuckman's model of team development, in the ________ stage, conflicts are resolved, and team harmony develops. Which factor of production represents the collective intelligence of an organization? In a(n) ________, two companies create a new, third entity that then purchases the two original companies. Question. Posting critical comments regarding the employer in a personal blog, All groups affected by a company's activities are referred to as its. Today, one of the most popular sales promotion tactics is ________, which gives the company visibility and helps it share in positive emotions of consumers. And employer's portion of FICA taxes and unemployment taxes \ 2.d. they provide major financing for the Which of the following groups of companies are all exam, Which type of accountant typically practices as an individual or, Which of the following groups are considered to be intern, Question 12 1 1 point Does the following table represent a valid discrete, What is the value of the following expression RATIONALE When evaluating a cube, Once all of the ingredients are weighed consider the correct storage, Which of the following is the best description of air pressure in a typical, c There is substantial evidence showing that ay induced X to sell his property, Answers without supporting work will usually not receive credit Unless otherwise, What Should Wonderful Do Wonderful should inform Doolittle that he will take his, Structure Attitudes toward electronic nursing documentation Finally the, skirt a man with masculine facial features can sport so flowing curls of hair or, Trojan horses are normally injected into a foreign host while that host is, Consider the following description of the market for desk chairs For simplicity, 8 Judy owns a bookstorecafe that has always done pretty well However a new, JAIME TARAZONA TASK 1 MANAGE PROGRAM RISK.docx, IMPROVING_VOCATIONAL_EDUCATION_FOR_SKILL.docx, INT 220 Module Three Assignment - Jordan Humek.docx, 163 CHAPTER 29 WIRELESS WI FI SECURITY DOMAIN 5 CISA aspirants should be aware, What medication used to treat patients who have GERD provides the fastest relief, The cost of option on properties not acquired is a Expensed immediately b. The main methods of financial motivation used in business are remuneration, bonuses, commission,. Lean thinking and practice occur together. establish a physical presence in multiple countries through foreign direct investment. Virtually every decision made is influenced by the economic environment. B. Total retained earnings increased by $240,000 during the current a. Belief in your ability to complete a task is known as ________. Which of the following is a manufacturing business? $$. Goals set using the management by objective goal setting process should be directly linked to what? When the number of competitors in a market is small, and competitors influence each other through production and pricing decisions, a situation known as ________ is created. interest in a company because: a. they depend upon the continued The process of collecting and interpreting information about customers, competitors, and other related marketing issues is known as ________. In the ________ strategy, a company creates highly independent operating units in each new country and gives local managers a great deal of freedom to run their operations almost as though they are independent companies. Which of the following best describes James' business practice? The ________ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. ________ theory suggests that managers can motivate employees by shaping their actions through behavior modification. Grocery store - Merchandising Determine if each of the following businesses is an example of a manufacturing, service, or merchandising business. balance sheet. Use the significance level of.01. This is an example of ________. . What types of technologies are strong enough to create or destroy companies? ________ utility is the benefit provided by making the company's products available where customers want to purchase them. Which of the following indicates the perceptions of fairness in the workplace? rate if the customer pays$600 in advance. sheet because: a. the cash at the beginning of the period plus or reviews the sales, costs, and profit projections. d. exceed liabilities and stockholders' equity by Which of the following is the bestdescription of accountings role in business? General Motors A business in which goods are produced by converting raw materials purchased into finished ones is termed as a manufacturing business. Legal systems in Great Britain and the United States are based on ________, in which tradition, custom, and judicial interpretation play important roles. 1Angola 2Libya 3Bangladesh 4Venezuela. the cost of a small amount of glue used to manufacture a product may be called multiple choice an indirect cost an overhead cost all of the choices are terms that may be used to describe small quantities of materials consumed in the process of making products product cost which of the following describes the flow of product costs in a **Required:** The classic theory of comparative advantage suggests that each country should ________. During the holiday season, Curtis offers a promotion to clean the customers carpet 10 times at a discounted equity by $30,000. An employee's rational and emotional commitment to his or her work is termed as ________. Select one: A. cost of raw materials B. factory insurance C. depreciation on office furniture D. wages of assembly line workers This problem has been solved! Which of the following federal legislations limits a credit card holder's liability for unauthorized use? Which of the following activities is most likely to be considered unprofessional? A firm following a focus strategy. What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? Most services are consumed at the same time they are produced and cannot exist before or after that time. Round answer to the nearest cent or tenth of a percent. Which of the following is an assistive writing tool that provides real-time advice about the effectiveness of the written language? minus the net income equals the end of period cash reported on the In ________, the salesperson recites or even reads a stock message with no regard for the customer's unique circumstances. \text{?\\\% of \$5000 = \$200} The correct answer is option B. Which of the following theorists developed the three-needs theory of motivation that highlights needs for power, affiliation, and achievement? An operations manager is most likely to be responsible for ________, helping to promote products to retailers (WRONG). They are concerned if the money that the put in the firm is safe Which type of analytics finds patterns in numerical data? $$. How much control a business owner wants O to retain b.) Unlike a sole proprietorship, a corporation has limited financial liability. ________ is an element of the marketing mix that refers to a wide variety of persuasive techniques used by companies to communicate with their target markets and the general public. Feedback should be timely and include progress towards the goal. What type of utility is created when a customer actually purchases and has a product? Which of the following is a characteristic of a matrix structure? (b) Do you feel your sample is large enough to have a reliable empirical probability? was $65,200 and$68,300. Enhanced meaning and connection for workers (WRONG). Mass marketing differs from differentiated marketing in that mass marketing ________. 13 \frac{1}{4}-5 \frac{3}{5} Nurix Inc. is a business consulting firm. firms that apply sustainable business strategies to achieve their business goals (WRONG). In a ________, two companies join to form a single entity either by pooling their resources or by one company purchasing the assets of the other. c. balance sheet. Which of the following is an advantage to the unstructured organization? ________ laws limit what businesses can and cannot do to ensure that all competitors have an equal chance of succeeding. Why should corporations be allowed to generate profits? James primarily focuses on buying and selling of products using the internet. It is assembled to find ways of improving quality, efficiency, or other performance measures. inexpensive products that organizations generally use within a year. Explain to him how much he might be able to borrow against the stereo and what can happen when using pawnbroker credit. Then $P(A)=f / n$. empowering employees to look for ways to improve quality. Which of the following are guidelines for behaving ethically? What is the meaning of the term "consumerism"? Ensuring that a product has a unique selling point (USP) is a good way to differentiate it from other products. Asked 4/26/2015 8:18:03 AM. 1. Lean is a way of thinking about creating needed value with fewer resources and less waste. 2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations - Principles of Accounting, Volume 2: Managerial Accounting | OpenStax Uh-oh, there's been a glitch We're not quite sure what went wrong. What does the customer value? Direct Labor Indirect Labor Office Depreciation 4. B2C 4. Goods in Process Stage (Work in Process) 3. In ________, the seller doesn't set a firm price. The design of the business's logo d.) Which county within a state the business's headquarters will be located SUBMIT MY ANSWER . This means that most services are ________. ________ refers to publicity efforts that portray a company as being environmentally friendly when its actions indicate otherwise. ________ refers to a model suggesting that five core job dimensions influence three critical psychological states that determine motivation, performance, and other outcomes. A structure in which employees are assigned to both a functional group and a project team simultaneously is called a(n) ________. and a corporation. A business is an organization built by putting in basic resources such as materials and labor to produce goods or services for consumers.. taxes from the company. ________ allows a firm to sell the rights for the use of a specific business system, including trade secrets and brand names. Answer to Problem 1MC C. Providing intangible good and services Fayad Mehkta is insured under a disability policy that calculates his benefits Communism. An organization can be classified into manufacturing or servicing firm. Explain. There will be broader range of viewpoints that can improve decision making. a. Which of the following is a consideration when choosing a form of business organization? Microeconomics includes the study of ________. Refer to the Wheat Chex box fill problem $17.54$ with $\mu=465$ and $\sigma=3$. The first step in setting price is to match the strategic plan to ________. Employees and managers must agree on goals. worked 12 years at the company, what is his benefits percentage? Quizlet; The Times 100; Financial Times . Your cousin Tyler needs $100 immediately. 2. A limited liability company combines attributes of a partnership Learn how respect is communicated in various cultures. Business ethics. peer pressures cause individual team members to withhold contrary or unpopular opinions. In the 2019 Deloitte and MAPI Smart Factory Study, 8 connecting to an ecosystem was a hallmark of the Trailblazers, a cohort of manufacturers that was making great strides by adopting Industry 4.0 technologies to solve for specific business problems and opportunities. In Herzberg's two-factor theory, hygiene factors are ________. Managerial accountants would be responsible for providing information regarding. B) growth market is to a differentiation-based strategy. A ________ is a planning and control tool that reflects expected revenues, operating expenses, and cash receipts and outlays. calculating the minimum sales needed to cover all costs. Having a motivated workforce has a range of advantages, such as lower levels of absenteeism, retention of workers and low levels of staff turnover, improved relations between management and. success of the company for keeping their jobs. In a ________ strategy, managerial control is highly centralized and major decisions for the company's international operations are made at the company's headquarters in the home country. 2. $$. General Motors or GM which is involved in the production of vehicles and its parts, is an example of the same. Special forces that motivate employees (WRONG). These may depend on the size of the business, the number of owners and the level of risk owners are willing to take. Individual systems within an organization are considered ________ of the overall business. Worksman Tricycle Parts DiagramHere is a video about this e-trike. Expert answered|matahari|Points 8304| Log in for more information. The following are two methods that can help you update the driver for the wireless adapter on your ASUS . The number of workers that a manager directly supervises is called the manager's ________. has one marketing mix for the entire market. A service business c. Amerchandising business d. 2.An investment business Capital market stakeholders have aninterest in a company because: a. they depend upon the continuedsuccess of the company for keeping their jobs. 2003-2022 Chegg Inc. All rights reserved. Which of the following is nota certification for accountants? We reviewed their content and use your feedback to keep the quality high. Which of the following is an advantage of a small business? end of period cash reported on the balance sheet. d. the cash at 4.A partnership is owned by two or more individuals. According to the job characteristics model, ________ refers to the range of abilities and talents needed to accomplish the responsibilities associated with the job. . Below are 30 individual observations on box fill. Strategic management process is a method by which managers . d. Which of the following is a defining characteristic of a committee? Which of the following is a characteristic of effective teams? Consumer purchasing differs from organizational purchasing in that consumer purchasing ________. Tension that exists when a person's beliefs don't match his or her behaviors is called ________. Job production is when individual products are made one at a time to meet specific customer preferences. c. What is the probability at least one of the audited returns had a charitable contribution of more than$1,000? By establishing clear expectations about how a business should conduct itself. 1Which of the following businesses buys products from other businesses to sell them to customers. First it must define its target markets and understand which of its products with each market's businesses and consumers. Experts are tested by Chegg as specialists in their subject area. Which of the following is a component of a firm's working capital account? Pune, Maharashtra. Performance management systems allow companies to move from annual reviews to ________, giving managers and employees time to correct issues before things get too far off track. Service businesses - are businesses that provide services. Which of the following is a defining characteristic of a cross-functional team? What are long-term partnerships between companies to jointly develop or sell products or services? to provide reports to users about the economic activities and conditions of a business, to personally guarantee loans of the business, to provide information to external users to determine the economic performance and, to assess the various informational needs of users and design its accounting system to meet. One of the valuable services that a wholesaler might perform is ________, in which it receives large shipments from the producer and then sells smaller quantities to retailers. Course Hero is not sponsored or endorsed by any college or university. A business in which goods are produced by converting raw materials purchased into finished ones is termed as a manufacturing business. ________ marketing is a program that works to promote a social issue while promoting the company and its products. In your reasoning, explain the pros and cons of each approach. Pearson Motors has a target capital structure of 30% debt and 70% common equity, with no preferred stock. According to the job characteristics model, the degree to which the employee has responsibility for completing an entire task is called ________. Achieving ISO certification indicates that the ________. by $40,000. stockholders' equity. Which of the following is a key difference between quality control and quality assurance? Which of the following is a manufacturing business? When demand for goods and services drops, businesses reduce production, resulting in economic contraction. How do unstructured organizations utilize digital technologies in a way that is different from structured organizations? Amazon.com Wal-Mart Ford Motors Delta Airlines Ford Motors is a manufacturing business. Find common denominators and subtract. b. The maturity date is the date on which ________. Activities undertaken by businesses to recruit and promote members of groups whose economic progress had been hindered through either legal barriers or established practices are known as ________ programs. What criteria must be met for goals to function as effective motivators? ________ is/are the study of how a society uses scarce resources to produce and distribute goods. A small-scale consulting firm in Hawaii was struggling financially because it was unable to generate enough capital to run its business transactions. Solve. And lean is a practice consisting of continuous experimentation to achieve perfect value with zero waste. One significant advantage to using television for advertising is the ________. _______ refers to a creative tactic designed to capture the audience's attention and promote preference for the product or company being advertised. What is the term for the organized network of companies that work together to move goods and services from the manufacturer to consumers? A share is a portion or percentage of a company. the end of the period assets will: a. equal liabilities and Quality control is continuous, whereas quality assurance is intermittent. The manufacturing industry netted a loss of 578,000 jobs during the pandemic-challenged year 2020a figure that represents nearly six years of job gains, 1 and yet, at any given moment in the past six months, nearly 500,000 jobs have remained open in manufacturing. The period of time between placing an order for supplies and receiving the material is called ________. Operating expenses for February were $8,500 and Q&A The cost of goods sold for Frye Manufacturing in the year was $373,000. retained earnings decreased by $186,000 during the current year. Legal liability for the misdeeds of the company. on the balance sheet. b. they 1.Which of the following businesses buys products from other businesses to sell them to customers? What Are Managerial Business Processes Quizlet. The U.S. Department of Defense is the Sector Risk Management Agency for the Defense Industrial Base Sector. Suppose four of these returns are selected for a comprehensive audit. Corporation tax is a tax on the profits of a business. ________ connects an employee's efforts to the outcome he or she thinks will result from those efforts. A bear market is characterized by ________. unintentional performance limitations (WRONG). Identify the consequences of a decision and its effect on others. ________ is/are where criminals steal personal information and use it to commit other types of fraud. a. the wood and upholstery materials that are in the final piece b. the labor of the worker assembling the piece of furniture c. the depreciation paid on factory equipment d. the labor of the wood worker who finishes the wood of the piece. Which of the following offers better opportunities for manufacturers of specialized or low-volume products to reach customers? According to Maslow, workplace factors such as health insurance, pension plans, and retirement benefits would satisfy ________. What can a manager do to benefit from systems thinking? Unethical. What type of promotional tool could be used if the company wanted to create consumer involvement and energy around a brand base? ________ proposed a motivation model that divides motivational forces into satisfiers (motivators) and dissatisfiers (hygiene factors). Which of the following is common when using a push marketing strategy that encourages intermediaries to carry new products? the conversion of raw materials into finished products which will be sold at a price higher than the production costs, Three stages in the manufacturing process, the raw materials already processed but not yet completed, the work in process which has already been completed, the leftovers of materials resulting from the manufacturing process if they can still be sold or used for other purposes, the leftovers have no more value or cannot be used for any other purpose and will just be thrown away, finished goods that did not meet the required specifications and will just be sold as seconds at a much lower price than the good units, finished goods that can still be reworked to meet the required specifications, Production Costs/ Manufacturing Costs/ Factory Costs / Inventoriable Costs, these are the costs incurred to produce the product, these are the costs incurred to sell the products, these are costs incurred to run the business other than the production and selling costs, these are the costs incurred as a result of borrowing money, The selling costs, administrative costs and financing costs are considered as such, costs that tare subtracted from the income of the period, there are budgeted or projected costs and no cash outlay is involved, these are traceable or can be conveniently identified to a product, these are costs which are applicable to all products manufactured hence cannot be conveniently identified with a specific product, a cost which fluctuates or varies with the change in volume, a cost which remains constant or does not change regardless of a change in volume, are materials which can be identified or conveniently charged to a specific product, are materials necessary in the manufacturing process but cannot be conveniently identified with a specific product, refers to the wages of the factory workers, refers to the competition of the other employees in the production department other than the factory workers, Factory Overhead/ Factory Burden/ Manufacturing Expenses, these are the expenses incurred by the production department other than direct materials and direct labor costs, the production costs are all actual costs, the production costs are combination of actual and estimated costs, the production costs are all estimated costs, all the production costs are included in the cost of the product regardless of whether the item is a variable or a fixed cost, only the variable production costs are included in the cost of the product, - the 3 elements of production costs will be accumulated by jobs, - the 3 elements of production costs will be accumulated by processing departments, a branch of accounting that deals with the determination of the cost of goods manufactured and sold, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Daniel F Viele, David H Marshall, Wayne W McManus. Multinational corporations are companies that ________. Social media has given consumers numerous ways to ask questions, voice concerns, and otherwise demand attention, supporting which consumer right? Being overly focused on achieving goals set using management by objectives may result in the inability to respond to a change in the business environment, or ________. Trike is in outstanding condition with new battery, brand-new LED headlight, and simply serviced. company's internal processes meet accepted standards. A. Online retailing has two major advantages over traditional businesses: simplicity and very low start-up costs. Marathon Bhavan, Parvati. Portion of FICA taxes and unemployment taxes. Manufacturing costs can be classified into three key categories: direct material costs, direct labor costs, and manufacturing overheads. The activities done under manufacturing business are manufacturing, payment to the supplier, sales and receipts from the customer. Encouraging the repetition of a particular behavior by not offering unpleasant consequences for the behavior is called ________. A(n) ________ shows the relationship between the amount of product that buyers will purchase at various prices, all other factors being equal. Risk averse and self-nurturing. ________ involves selling more of your existing products into the markets you already serve. Emergency Services Sector Natural language generation software allows a user to ________. A manufacturing business b. What is the advantage of franchising internationally? Which of the following is one of benefits society contributes to a business's ability to operate profitably? a. Which of the following is an example of a fixed cost? The conditions that affect the cost and availability of goods, services and labor, and the behavior of buyers and sellers are BEST described as the ________ environment. year. recorded as an increase to equipment and as an increase to cash, at Which of the following is an example of a variable cost? D) technological innovation is to a cost-based strategy. Which of the following creates competition for finite resources, thereby forcing trade-offs by participants in the economy? For a small business, measuring this cost is important, since it indicates to a large extent how much of your manufacturing costs are derived from labor. A product mix is ________ if it has several product lines. $15,000. a. Microsof b. DellComputers c. Facebook d. Increasing the amount of damage awards (WRONG). a. Which of the following is one of the least risky forms of international business activity? (WRONG). employees dislike work and can be motivated only by the fear of losing their jobs or by extrinsic rewards. 2. (WRONG). The Civil Rights Act of 1991 amended the Civil Rights Act of 1964, and, gave employees the right to have a trial by jury in discrimination cases. Right-click (or double-click) the device and select Update Driver.To update your ASUS WiFi driver. (WRONG). Identify your decision based on personal standards of honesty and fairness. have a straightforward income tax structure. This firm will be targeted by _____ enterprise resource planning ERP vendors. Does the sample support the view that box fill is a normally distributed random variable? 2 Consider the following sentence: "To become the most affordable fashion brand for every person in the world." This is most likely to be a growing fashion company's Your Answer Vision statement Correct Answer Vision statement Explanation For a growing company, this is a forward-looking vision statement as it aims at becoming the top cost leader in the fashion industry around the world. The study of the statistical characteristics of a population is called ________. A business model where a firm hires another firm to produce components or products. A diagram that shows how employees and tasks are grouped and where the lines of communication and authority flow is called a(n) ________. average annual salary for the last 2 years. Which of the following is an advantage to logging measured performance as work progresses in to a performance management system? ________ refers to establishing the overall level of resources needed to meet customer demand. Finished Goods Stage Three types of Inventories 1. The sequence of activities that take the longest time from start to finish in a PERT diagram is called the ________ path. Which of the following has helped buyers educate each other, shifting power from sellers to buyers? Which of the following groups of companies are all examples of a merchandising business? Curtiss cleaning of the carpet one time. ________ refers to measuring quality against established standards after the good or service has been produced and fine-tuning production to improve results. Money serves as a(n) ________ to simplify transactions because a buyer can trade it for a good or service. Mike is thinking about expanding his manufacturing business internationally. Companies use ________ in an effort to capture everything current and potential customers say and write about the company and its products. Additional advantages include lower costs, flexibility to adapt to changing market conditions, focus on limited market niche and reputation.. view details Trends and conditions in the business environment can be determined during what activity? Which of the following is an advantage of offshoring goods where labor is a significant part of production costs? ________ suggests that employee satisfaction depends on the perceived ratio of inputs to outputs. if physical observation can NOT be used to identify the exact amount of resources consumed by a cost . d. Which of the following is a manufacturing business? services or sell their products or services to the company. businesses to sell them to customers? What Are Managerial Business Processes QuizletUsually, managers and supervisors will be ultimately responsible for the hiring of individuals, but the role of human resource management (HRM) is to define and guide managers in this process. During the business analysis stage, a company ________. This is an example of ________. ________ are those activities in which a company excels and has the potential to create competitive advantages. An employee's net (or take-home) pay is determined by gross wages minus amounts for income tax withholdings and the employee's When the U.S. dollar is strong, U.S. exports will likely ________. minus assets and liabilities equals the end of period cash reported ________ is/are the principles and standards of moral behavior that are accepted by society as right and wrong. What type of unsecured loan has an agreed-on maximum a bank is willing to lend a business? ________ include all the elements and processes from transforming raw materials to making the final products available to the ultimate customer. is influenced more by subconscious and emotional factors. When will the customer evaluate the product and decision-making process of a routine purchase? Which one of the following is true regarding the economic environment of business that shapes the behavior of buyers and sellers? a. According to a FLOC (Farm Labor Organizing Committee) analysis of 25 Mexican families, the mean income is$30,000, with a $10,000 sample standard deviation. is aligned with a company's overall business strategy. Assigning employees to project teams without reorganizing the company's structure. The manufacturing approach in which part of the product is mass-produced and the remaining features are customized is known as ________. How can society encourage organizations to use ethical behavior to promote mutually beneficial relationships? An HR specialist is most likely to be responsible for which of the following activities? A. Tolerant of uncertainty and highly energetic. (c) If you had chosen a different DVD collection (say, your best friend's), would you expect $P(A)$ to be similar? Consumers who defend a company against detractors and help other customers in the use of the product are called ________. 2. Which of the following is a manufacturing cost? Packaging serves as a means of product differentiation. d. they Stock exchanges are organizations that ________. 1.Which of the following businesses buys products from otherbusinesses to sell them to customers?a. Investments in corporations have more liquidity than partnerships and sole proprietorships. Institutional advertisements that present a company's point of view on public issues such as education or health care are known as ________ advertising. 3. human resources Which one of the following is true regarding the economic environment of business that shapes the behavior of buyers and sellers? Successful financial management starts with an outline of funds needed for a period of time, along with sources and intended uses of those funds, referred to as a(n) ________. Relies heavily on others who believe in the business C. Willingness and desire to follow others D. Action-oriented Definition D. Action-oriented Term (p. 148) Which of the following best describes entrepreneurial personality traits? he application of economic and financial data and statistics (maybe). Accountant preparing a tax return - Service Determine if each of the following businesses is an example of a manufacturing, service, or merchandising business. (a) Prepare a histogram and/or normal probability plot for the sample. A country can assist its domestic producers by implementing ________ such as special business licenses and limiting foreign companies' access to them. Nongovernmental organizations are usually ________. b. they. Selling, general and administrative costs are part of manufacturing overhead. Results are less susceptible to cognitive errors. 3.Pelican, Inc. had revenues of $395,000, expenses of $155,000, Physiological needs must be met in order to perform at an average level. The ________ function of a business involves the recruiting, hiring and support of its personnel. Why is there a potential for distortion in performance when using reinforcement to motivate behavior? One way to resolve conflict is to insist on fair outcomes and not letting team members hide behind rules, leading to ________. **Louisa Tibaldi's group disabilit y policy has a benefit percentage of 65 % of her ________________ is the application of moral standards to business situtation. Virtually every decision made is influenced by the economic environment. Which of the following refers to people and their individual talents and capabilities? General Motors b. Facebook c. American Airlines d. Target ANSWER: A a . \ A major advantage of partnerships is that they ________. What was the outcome of the Hawthorne studies? In the ________ strategy, strategic decisions are made at headquarters in the home country, but local business units are allowed to make "on-the-ground" decisions that are most appropriate for the local environment. Raw materials stage 2. Business Studies is not just about business and money-making. Question: Which of the following is a part of manufacturing overhead? merchandising business d. 2.An investment business Capital market stakeholders have an Penetration pricing doesn't work if ________. The chief downside of trade allowances is that they can lead to ________, in which the retailer buys a large quantity of a product when the price is low, thus reducing the producer's profit in the long run. An organization that doesn't have a conventional structure, but instead assembles talent as needed from the open market, is called a(n) ________ organization. Eliminate algorithms and data built with human bias. Who enforces this? Break-even analysis is a method of ________. ________ refers to determining the right quantities of supplies and products to have on hand and tracking where those items are. a long-term trend of falling stock prices. What is the advantage of outsourcing significant functions of an organization? 2 In fact, the National Association of Manufacturers (NAM) Manufacturers' Outlook Survey continues to find that "attracting . ________ are not-for-profit, member-owned cooperatives that offer deposit accounts and lending services to consumers and small businesses. percentage at 2.25 % for each year he has worked for his company. Production costs are the total cost of all resources used to produce a product. given information, which of the following statements is true? tends to be interactive and conversational (WRONG). Hidden costs and risks are rarely involved. Theocratic law, found in such as Iran and Pakistan, is based on ________. Which of the following will help identify the individual duties for each team member? Which of the following is the main objective of engaging in inventory control? A deep and prolonged recession is known as ________. The unemployment resulting because of this phenomenon is known as ________ unemployment. Assume a firm has the following costs: fixed costs: 400; selling price: 10 per unit; variable costs: 6 per unit; To calculate the variable cost, multiply variable cost per unit by number of . A company strategy of providing fewer products and selling more of each of those products can lower production costs through ________. Factory overhead and burden are terms used as alternatives for the term __________ overhead. ________ is a computer-based pricing method that creates a demand curve for every product to help managers select a price that meets specific marketing objectives. 1. a. merchandising business Which of the following is an advantage of creating a team with a diverse background? Direct marketing differs from advertising in that direct marketing ________. What makes a great team player and is often an indication of management skills? Which of the following is a manufacturing business? What is Pearsons cost of common equity. operating, investing, and financing activities equals the end of Which of the following is the simplest form of text translation? provide major financing for the business. Consumer ________ arise(s) from a gap between the consumer's actual state and their ideal state. a. Explain. ________ refers to the use of random sampling and tools, such as control charts, to monitor quality. The phenomenon where U.S. companies move their production back to U.S. soil is known as ________. The need to know how well one is doing compared to others around them is a motivational indicator of one's drive to ________. Which of the following authorizes management to vote on behalf of a shareholder in a corporation? With the ________ tactic, a third company is invited to acquire a company that is in danger of being swallowed up in a hostile takeover. Which of the following best describes the focus of expectancy theory? 1. A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. Net income for the current year totaled $186,000. ** You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Determine if each of the following is an example of a manufacturing, service, or, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas, Daniel F Viele, David H Marshall, Wayne W McManus. A manager demotes an employee who does not meet performance goals. the beginning of the period plus or minus the cash flows from ________ refers to some aspect of a product or company that makes it more appealing to target customers. The Defense Industrial Base Sector enables research, development, design, production, delivery, and maintenance of military weapons systems, subsystems, and components or parts to meet U.S. military requirements. (WRONG). It may be the only way to gain access to business in a country (WRONG). 47c4f981e04e4409bee15b246979130d Intermediaries that primarily sell goods and services to individuals for their own personal use are called ________. period cash reported on the balance sheet. True/False. Who are those responsible for investigating financial crimes? Merchandising businesses - are businesses that provide products. Scroll through the list until you find the device you need to update. In ________, a salesperson acts as an advisor who helps current and potential customers find the best solutions to their personal or business needs. b. the cash at the beginning of the period plus or In a ________, companies can decide what to produce, how to produce, whom to sell to, and at what price to sell. Concentrated marketing differs from micromarketing in that concentrated marketing ________. Which of the following is a key difference between a corporation and a sole proprietorship? c. Clothing producer - Manufacturer 2. To generate capital, the firm decided to use web technologies and digital resources to build long-term associations with current customers and to reach out to new customers. 7.The statement of cash flows is integrated with the balance ________ is/are the massive data sets that companies collect and analyze to find trends and insights. One goal of The Resource Recovery Act (1970) is to ________. The innovation is new called novelty. mostly intrinsic and include achievement, recognition, responsibility, and other personally rewarding factors (WRONG). b. See the answer Which of the following is a part of manufacturing overhead? In a ________, the raider launches a public relations battle for shareholder votes, hoping to enlist enough votes to oust the board and management. The expected norms of behavior in a particular situation are referred to as ________. If you had to decide to use either legislated standards or a pollution tax to reduce pollution, which would you choose? Which of the following is characteristic of a country with a planned economic system? (WRONG). Which of the following is referred to as the bundle of value offered in a marketing exchange, for the purpose of satisfying a need or want? \begin{array}{llllllllll}461 & 465 & 462 & 469 & 463 & 465 & 462 & 465 & 467 & 467 \\ 460 & 467 & 466 & 466 & 465 & 465 & 462 & 458 & 470 & 460 \\ 465 & 466 & 464 & 460 & 465 & 465 & 466 & 464 & 465 & 461\end{array} b. exceed liabilities and stockholders' Based on the Of these 25 returns, five had charitable contributions of more than$1,000. They usually have fewer financial resources and fewer ways to get funds from lenders or investors. Instead, buyers competitively propose the prices that they are willing to pay. A. A cross-functional team that deals with recurring tasks and has the opportunity to become a permanent part of the organization's structure is known as a ________. ________ is defined as a pathway for the flow of authority and connects the various groups and levels within the organization. Which of the following is a s ervice business? If Fayad has Three stages in the manufacturing process 1. Which of the following Acts guarantees equal opportunities in education and employment for those with health issues and who may require reasonable accommodation to perform certain job tasks? According to McGregor, Theory X-oriented managers believe that ________. business. Pearsons CFO estimates that the companys WACC is 10.50%. He has a portable stereo worth at least$800 and wants to take it to a pawnbroker. 1. According to the job characteristics model, experienced responsibility for results refers to ________. 6.If a $15,000 purchase of equipment for cash is incorrectly C) growth market is to a cost-based strategy. What type of business incorporates proactive CSR into the company's foundation, believing that a company should accomplish more than just making money for owners and investors? True False 2. One of the reasons online retailing firms have been so successful has been their ability to deal with customer complaints and provide personalized services more efficiently than traditional firms. Applying game playing principles to existing business processes. ________ refer(s) to intermediaries that sell products to other intermediaries for resale or to organizations for internal use. Contract manufacturing: Business model in which a firm hires a contract manufacturer to produce components or final products based on the hiring firm's design. This would be an example of ________. A service business c. A c. they purchase the company's products or Because many customers are reluctant to buy foreign products if they cannot get service for the product, what functional strategy for international expansion should be considered? Explain why the hypergeometric distribution is appropriate. One of the main downsides of founding a. These actions taken by Enron executives were ___________. How can a person improve the communication process when working with a person from another culture? When an employee has perfect attendance for the month, he or she is given a $25 bonus. c. exceed liabilities and stockholders' equity Right-click the Start Menu (in the taskbar) and select Device Manager. What type of office layout is shown in the picture? Which of the following is a key provision of the Civil Rights Act of 1991? Transferring risk from one party to another. ________ is comprised of individual stock exchanges and the over-the-counter market that facilitates the buying and selling of company stock. Which of the following is nota role of accounting in business? Sales process. A) broadly-defined target market is to a cost leadership strategy. a.) Restart your browser. Accepting multiple cultures on their own terms is the practice of ________. Determine if each of the following businesses is an example of a manufacturing, service. Selling existing products to new markets is referred to as ________. Who is responsible for reviewing the long-term plans and major strategic decisions of an organization? Updated 4/26/2015 12:28:38 PM. reconciliation statement. Finished Goods Inventory Raw Materials Inventory the materials on hand not yet processed Work in Process Inventory Consider your obligations and responsibilities to those affected by the decision. Which of the following is an unusual pricing method that allows customers to pay the amount they think a product or service is worth? Perceived risk, interest rates, and opportunity cost all determine ________. First it must decide which promotional tactics to use in particular markets to launch products to consumers and businesses. ledger account. ________ is used to extract meaning from text files. Most trading is done over the counter in a bond market. Fundamentals of Financial Management, Concise Edition. Net income for the current year totaled $240,000. Everything from sensor readings and financial transactions to photographs and Twitter messages are considered to be ________. ________ include(s) a range of tools and techniques that help marketers plan and evaluate marketing activities. _______ activities are intended to identify new ideas and designs that have the potential to result in new goods and services. Select one: A. cost of raw materials The following are examples of external users of accounting information except. True False ________ refers to focusing on core competencies and letting other companies handle remaining business functions. Which of the following refers to a graphical representation of a brand? A customers prepayment of $600 Which of the following is one of the ways packaging promotes the marketing strategy of a particular brand? b. trial balance. A. Power-seeking B. b. they collect ________ is defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs. Curtiss Carpet Cleaning normally charges $90 to clean one room of carpeting. Solve problems instead of moving them to another subsystem. a. Under the sales process, the finished product or goods is sold to the customers which converts the finished goods . it includes people from a variety of departments with different areas of expertise and responsibility. Equity financing refers to arranging funding by ________. In a ________ organization, a manager usually has a wide span of management. ________ refers to overseeing all the activities involved in producing goods and services. When a downward swing or recession is over, the economy enters into a period of ________. Suppose the Internal Revenue Service is studying the category of charitable contributions. All this being said, in 2017, the average manufacturing worker in the United States earned $84,832 annually. A person's disclosure that exposes illegal or unethical behavior by others within the organization is. An example would be tailor-made suits, which are made specifically to each customer's. Truth in Lending Act (Consumer Protection Credit Act) (1968). $$ 1. ________ starts with reality and enhances the user experience by superimposing visual or textual information on it. Which of the following statements is true with regards to globalization? the company can't sustain the low price levels profitably. Are the following examples of a service, manufacturing, or merchandising business? Why the business owner chose to enter a particular business field oc.) IRS figures show that, in 2008, the average revenue of a sole proprietorship ranged from approximately $11.9 thousand for unclassified establishments to $1.1 million for coal mines. c. Portion of FICA taxes, unemployment taxes and any union dues \ Profits of sole proprietorships ________. d. Portion of FICA taxes and any union dues. lowest rate of interest that banks charge for short-term loans. 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