Kolby Cobb

question • An ______ is a collection of people who work together and coordinate their actions to achieve a wide variety of goals. answer o Organization question • The measure of appropriateness of the goals selected by management for the organization and the degree to which the organization accomplishes these goals is known as ______. […]

question Why Segment Markets answer – A business firm segments its markets so it can respond more effectively to the wants of groups of potential buyers and thus increase its sales and profits – Nonprofit: also segment clients they serve to satisfy client needs more effectively while achieving the organizations goals question – Market segmentation […]

question Q 13: Suppose Susan from USA works for a multinational company and has just arrived in a remote country in Africa for her work assignment. At the first problem she encounters in speaking the language, she exclaims loudly, “I wish everyone in this little country just spoke English like the rest of the civilized […]

question The primary aim of strategic management at the business level is answer achieving competitive advantage question Primary value chain activities that involve the effective layout of receiving dock operations (inbound logistics) and support value chain activities that include expertise in process engineering (technology development) characterize what generic strategy? answer overall cost leadership question A […]

question Logistics clearly contributes to ___________ and ___________ utility. answer time; place question ___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product. answer Possession question ___________ utility refers to having products available where they are needed by customers. answer Place question All of […]

question Advertising answer A business expense – a way to persuade people to want goods or services question After you receive a paycheck, how does the money get into your checking account? answer You have to make a deposit at the bank question How should “hot items” be priced in a business? answer “Hot items”should […]

question Contingency planning answer The overall planning for unexpected events Involves preparing for, detecting, reacting to, and recovering from events that threaten the security of information resources and assets. Main goal: The restoration to normal modes of operation with minimum cost and disruption to normal business activities after an unexpected event question Incident response planning […]

question False answer In determining whether a debt is a business or nonbusiness bad debt, the debtor’s use of the borrowed funds is important. question False answer A bond held by an investor that is uncollectible will be treated as a worthless security and hence, produce a capital loss. question False answer If a taxpayer […]

question Businesses can best meet their responsibility to society by: A. creating markets for domestic products. B. shifting the blame for product liability cases onto the legal system. C. supporting their preferred government officials. D. creating wealth for their stockholders. answer Creating wealth for their stockholders question Ethical problems and issues of social responsibility are: […]

question What is the primary purpose of Business Process Reengineering? answer To make all business processes best-in-class question What is the key element supply chain management manages? answer Information question What is an organizational result from an effective and efficient supply chain management system? answer Decrease the power of its buyers, Create entry barriers, thereby […]

question Scenario 4.1 LMNO Corporation is a U.S.-based company with four distinct businesses, including a national music and video store chain, a rap music production company, a talent agency that represents several famous rap stars, and a digital video disc (DVD) production facility that makes and records music videos on DVDs. LMNO is in the […]

question Associative entity answer An entity type that associates the instance of one or more entity types and contains attributes that are preculiar to the relationship between those entity instances question Attribute answer “A property or characteristic of an entity or relationship type that is of interest to the organization. question Attribute answer Required vs […]

question 7 The majority of Americans think that the need for ethics is about the same as it was 50 years ago answer False question 7 Descriptive ethics is concerned with studying and describing the morality of a particular group of people answer True question 7 A recent NBES survey indicated that ethical misconduct at […]

question Which of the following would be an example of an unfair claims settlement practice? answer Failing to acknowledge a claim within 30 days. question Which of the following dates must be contained in a policy summary? answer The date the summary was prepared. question All of the following actions can be described as twisting […]

question The TBI Company has a number of days of inventory of 50. Therefore, the TBI Company’s inventory turnover is closest to answer Cost of goods sold/Inventory = Inventory/(CoGS/365) = 365 Inventory turnover X Number of days of inventory = 365 Inventory turnover × 50 = 365, and solving for Inventory turnover provides a turnover […]

question True answer Substantive justice involves the determination of just deserts. question Restorative answer ___________________________ is an approach to corrective justice that focuses on meeting the needs of offenders as well as victims. question True answer Some actions might be considered “good” but are not demanded by justice. question One must be ignorant of their […]

question In return for a fee to a franchiser, a business owner receives the right answer to sell the franchiser’s goods and services question The combination of two or more firms involved in different stages of producing the same good or service is called answer Vertical merger question What are assets? answer money and other […]

question 1. A decline in real GDP for at least two consecutive quarters is referred to as: A. A recession. B. A depression. C. Deflation. D. Inflation. answer A question 2. People are unemployed if they are over 16 and not working due to: A. The inability to find a job even though they are […]

question electronic commerce (EC) answer The process of buying, selling, or exchanging products, services, or information via computer question e-business answer A broader definition of EC that includes not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, and conducting electronic transactions within an organization question brick-and-mortar […]

question Switzerland answer littering question Northern Africa answer offering a business card with your left hand question Sub-Sahara Africa answer sitting with the bottom of your foot facing your host question France answer failing to greet a salesperson question Quebec Province answer looking away when shaking hands

question ____ development is the systematic process of transforming an idea into functional software. answer Software question The use of logic, algorithms, and programming languages to create instructions for computer hardware is called normalizing. answer False question Each programming language has a particular ____— rules that guide how programming statements are constructed. answer syntax question […]

question Opportunities and directives are essentially the same thing. (T/F) answer F question An annual discount factor is a multiplier for each year based on the discount rate and year. (T/F) answer T question Some organizations initiate projects using a contract in place of a project charter. (T/F) answer T question The number of interfaces […]