Killian Parsons

question Analytical CRM answer includes applications that analyze customer data generated by operational CRM applications to provide information for improving business performance. question Bullwhip effect answer information about the demand for a product gets distorted as it passes from one entity to the next across the supply chain question Churn rate answer measures the number […]

question Big Data answer The term for the enormous datasets generated by the Web applications such as search tools and social networks. question Business Intelligence (BI) systems answer Information systems that assist managers and other professionals in the analysis of current and past activities and in the prediction of future events. Unlike transaction processing systems, […]

question Using the following information, what is the amount of cost of merchandise sold? answer a. 25,780 question Using a perpetual inventory system, the entry to record the sale of merchandise on account includes a answer c. credit to Merchandise Inventory question Using the following information, what is the amount of net sales? answer d. […]

question Social Commerce answer -combines social media with the basics of e-commerce -involves interaction and user contribution aspects of social media to assist online buying and selling of products and services (ex: Pinterest lets users collect ideas and products from all over the web and “pin” fav. items to individually selected pinboards. Other users browse […]

question On a statement of owner’s equity, beginning capital is $30,000, Net Income for the year is $11,000 and Drawing for the year is $6,000, the ending capital amount would be a. $30,000. b. $35,000. c. $47,000. d. $25,000. answer b. $35,000 Beginning Capital, $30,000 + Net Income, $11,000 – Drawing, $6,000 = Ending Capital, […]

question T or F: Virtually all firms, both large and small, now use Electronic Data Interchange (EDI) systems. answer False question T or F: Collaborative commerce is primarily concerned with the development of a rich communications environment. answer True question T or F: MRO goods are also known as indirect goods. answer True question Analysts […]

question What is Bureaucracy answer Bureaucracy – A formal organizational structure based on a rigid hierarchy of decision making and inflexible rules and procedures question What is a hierarchy? answer Hierarchy – An authoritarian organizational structure in which each member is assigned a specific rank that reflects his or her level of decision-making authority within […]

question Small companies do not need expensive CRM software because they know their customers personally (T/F) answer False question Small companies like Ruby’s Club need to balance the use of social communication tools like Facebook and Twitter with the community atmosphere of their company (T/F) answer True question As more and more people shop online, […]

question A period of decline in total output, income, and employment, Lasts 6 months or more and is also marked by substantial business contraction answer recession question the TOTAL number of workers, including both the employed and the unemployed, Does NOT include total population but only those actively looking for work or that have work […]

question Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior. answer T question Ethics is not concerned with the philosophical basis for morality. answer F question Ethics is not concerned with the fairness or justness of an action. answer F question Business ethics focuses on ethical behavior in the […]

question A pioneer will most likely succeed when there are low entry barriers and the firm has sufficient size, resources, and competencies to take advantage of its pioneering position. T/F answer False question A follower will most likely succeed when there are few legal, technological, cultural, or financial barriers to inhibit entry, as long as […]

question Union answer An employee organization whose main goal is representing its memebers in employee-management negotiations of job related issues question Craft union answer An organization of skilled specialist in a particular craft or trade question Knights of Labor answer The first national labor union; formed in 1869 question American Federation of Labor (AFL) answer […]

question The courts award punitive damages in tort cases to punish the wrongdoer and deter other from similar wrongdoing answer T question A successful defense releases the defendant from liability in a lawsuit for tortious act answer T question When outrageous conduct consists of speech about a public figure, the First Amendment guarantee of freedom […]

question Law is the body of enforceable rules governing relationships among individuals and between individuals and there society answer True question Legal positibists believe that law should reflect universal moral and ethical principles that are part of human nature answer False question The doctrine of stare decisis obligates judges to follow precedents established within their […]

question Communication ranks at or near the top of the business skills needed for success answer True question The importance of communication skills is the same at all levels of an organization. answer False question Written communication has replaced oral communication in business settings. answer False question Poor communication negatively affects big businesses, not small […]

question is a body or rules of action or conduct prescribed by controlling authority and having legal binding force. answer Law question Systems of order that defines crimes and levies punishment for violations System for resolving disputes by providing a basis for deciding the legal interest and rights of the parties answer Purpose of Law […]

question Tort law provides remedies for acts that cause personal injury but not for acts that interfere with physical security. answer False question The goal of tort law is to put a defendant in the position that he or she would have been in had the tort occurred to the defendant. answer False question Occasionally, […]

question Biodiversity answer broad term used to describe the diversity in genes, species or ecosystems. question When is biodiversity lost? answer It is lost when populations are greatly reduced in size, when a species becomes extinct, or when ecosystems are destroyed or greatly modified. question Extinction answer death of a species – the elimination of […]

question One of Taylor’s scientific management principles concerned how workers should be selected. a. True b. False answer true question Management ideas and practices have been used from the earliest times of recorded history. a. True b. False answer true question According to the principles of scientific management, work and responsibility for the work, should […]

question ___ committees draw their membership from both the house and senate answer Conference question __members present and voting can halt a filibuster by voting for cloture answer 60 question __ privileges refer to the free use of the mail system enjoyed by congress answer Franking question A __ committee is one appointed for a […]

question AIS answer a system that records, processes and reports on transactions to provide financial and non financial information to make decisions and have appropriate levels of internal controls for those transactions question automate answer the use of technology to replace human labor in automating business processes question business value answer items, events and interactions […]

question Amos is a self-employed tax attorney. He and Monica, his employee, attend a conference in Dallas sponsored by the American Institute of CPAs. The following expense are incurred during the trip: Amos Monica Conference registration $900 $900 Airfare 1,200 700 Taxi fares 100 -0- Lodging in Dallas 750 300 a. Amos pays for all […]