Filters
Question type

Study Flashcards

Choosing not to fire a sales representative who is underperforming, knowing that person is experiencing family problems, is a form of knowledge.

A) True
B) False

Correct Answer

verifed

verified

Which group of stakeholders' primary interests include reliable contracts, ethical materials handling, and responsible production?


A) partners/suppliers
B) shareholders/investors
C) community
D) government

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

Cooking a patty and putting the ingredients together are included in which category of making a hamburger?


A) input
B) process
C) output
D) All of these are correct.

E) None of the above
F) C) and D)

Correct Answer

verifed

verified

If you were thinking about a washing machine as a system, which of the following represents the process?


A) the dirty clothes, water, and detergent
B) the clean clothes
C) the wash and rinse cycle
D) the light indicating that the washer is off balance and has stopped

E) B) and C)
F) None of the above

Correct Answer

verifed

verified

According to Porter it is recommended to adopt only one of the three generic strategies.

A) True
B) False

Correct Answer

verifed

verified

Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making.

A) True
B) False

Correct Answer

verifed

verified

Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy.

A) True
B) False

Correct Answer

verifed

verified

Cheryl is the operations manager for Nature's Bread Company, which specializes in providing natural products for health conscious individuals.Cheryl is responsible for compiling, analyzing, and evaluating daily sales numbers to determine the company's profitability and forecast production for the next day.Which of the following is an example of knowledge that Cheryl would be using to successfully perform her job?


A) Craig Newmark is customer number 15467.
B) Flour Power is supplier number 8745643.
C) best-selling product by day
D) Best-selling product changes when Tony the best baker is working.

E) A) and D)
F) None of the above

Correct Answer

verifed

verified

Which of the following represents the types of data commonly found in the sales department?


A) customer data
B) sales report data
C) commission data
D) All of these are correct.

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Which strategy below helps an organization choose its business focus?


A) SWOT Analysis
B) The Five Forces Model
C) Value Chain Analysis
D) Three Generic Strategies

E) All of the above
F) A) and B)

Correct Answer

verifed

verified

The business decisions made by the marketing department include transactional data, purchasing data, payroll data, and tax data.

A) True
B) False

Correct Answer

verifed

verified

A fact is the confirmation or validation of an event or object. In the past, people primarily learned facts from books.

A) True
B) False

Correct Answer

verifed

verified

Shelby Black runs a very successful hair salon in downtown Los Angeles.One of Shelby's tasks is to input positive and negative customer reviews into her computer system.What type of information is Shelby gathering?


A) feedback
B) processing
C) output management
D) sales processing

E) A) and C)
F) A) and D)

Correct Answer

verifed

verified

Who is responsible for ensuring the ethical and legal use of information within a company?


A) Chief Knowledge Officer (CKO)
B) Chief Privacy Officer (CPO)
C) Chief Technology Officer (CTO)
D) Chief Information Officer (CIO)

E) A) and C)
F) C) and D)

Correct Answer

verifed

verified

___________ is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.


A) Internet of Things
B) Predictive Analytics
C) Machine to Machine
D) Flat World

E) All of the above
F) C) and D)

Correct Answer

verifed

verified

The department within a company that records, measures, and reports monetary transactions is called _____________.


A) accounting
B) marketing
C) human resources
D) operations management

E) B) and C)
F) A) and C)

Correct Answer

verifed

verified

What is threat of new entrants?


A) the ability of buyers to affect the price they must pay for an item
B) the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
C) high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
D) high when there are many alternatives to a product or service and low when there are few alternatives from which to choose

E) All of the above
F) B) and D)

Correct Answer

verifed

verified

Which of the following are included as potential external opportunities in a SWOT analysis that are helpful to an organization?


A) core competencies, market leaders, cost advantages, excellent management
B) lack of strategic direction, obsolete technologies, lack of managerial talent, outdated, product line
C) expanded product line, increase in demand, new markets, new regulations
D) new entrants, substitute products, shrinking markets, costly regulatory, requirements

E) B) and D)
F) B) and C)

Correct Answer

verifed

verified

Most companies are typically organized by departments or functional areas.Which of the following is not a common department found in a company?


A) accounting
B) payroll
C) marketing
D) human resources

E) A) and B)
F) A) and C)

Correct Answer

verifed

verified

Successful companies today operate cross-functionally, integrating the operations of all departments.

A) True
B) False

Correct Answer

verifed

verified

Showing 121 - 140 of 342

Related Exams

Show Answer