Livia Baldwin

question Fundamental drivers of competitive advantage answer Speed, innovation, service, sustainability, cost competitiveness, quality question Effectively creating ____ requires full considering a new/challenging set of stakeholders and issues answer value question By _____ managers make sure the org resources are being used as planned and that the org is meeting its goals such as quality […]

question A ____ is optimized for decision support and is generally represented by a data warehouse or a data mart. answer data store question ____ are in charge of presenting data to the end user in a variety of ways. answer Data visualization tools question ____ provide a unified, single point of entry for information […]

question The final phase of the systems development life cycle (SDLC) is ________. answer Maintaining the System question Which of the following is true about the buy option for acquiring IS applications? answer software may not exactly meet the company’s needs question Bob creates a new accounting information system by following a linear sequence from […]

question If you decide to pay yourself a commission from your business, you will be earning ________. answer a percentage of each sale question When you sell, you should always listen carefully to customer complaints, because ________. answer they provide invaluable information about how to improve the product or service question During each sales call […]

question classical economics answer prior to 1930s; adam smith, invisible hand theory question invisible hand theory answer let it be, self-correcting, price-wage flexibility question say’s law answer supply creates its own demand question keynesian economics answer true focus on fiscal policy, price-wage inflexibility question aggregate expenditures model answer spending model developed by john maynard kaynes […]

question equilibrium answer the combination of price level and real output that is compatible with both aggregate demand and aggregate supply is the definition of? question consumption, government spending, net exports, and investment answer the components of aggregate demand are? question disposable income answer which of the following forces dd keynes assert had the strongest […]

question Business Cycle answer the movement of the economy from good times to bad times and back again in four stages: prosperity, recession, depression, and recovery. The rise and fall of economic activity over time. question Prosperity answer The high point of a business cycle, also called the peak, when employment is high, the demand […]

question A mainframe computer is the standard choice for large organizations that need to manage large amounts of centralized data answer true question Once you have an internet connection, you are ready to begin programming the web – that is, using a web browser to view web pages answer false question Application service providers supply […]

question The three primary steps involved in preparing a business message are answer planning, writing, and completing question In developing business messages, the step during which you evaluate whether your have expressed your ideas clearly is answer completing question In preparing business messages, you should generally devote about ______ percent of your time to planning. […]

question What is the billing cycle answer the step that leads to timely payment for medical service question Medical Insurance answer An agreement between policyholder and health plan question Tricare answer provides coverage for dependents of active duty service question Medicaid answer for people with low income question Preferred Provider Organization answer Common type of […]

question cost-plus pricing: answer takes the organization’s product cost and adds the desired markup. question elastic demand: answer customer demand moving significantly upward or downward when the price of a product changes. question follow-the-leader pricing: answer a pricing strategy that is similar to a meet-or-beat- the-competition strategy but uses a particular competitor as the model […]

question A dual-core processor doubles the processing speed of a single-core processor. answer False question Which of the following is a kind of ROM chip that contains permanently written data, instructions, or information that is recorded when the chip is manufactured? answer Firmware question What are the three categories of items stored in computer memory? […]

question Understanding how the culture of a country affects the way business is practiced answer Cross-cultural literacy question A system of values and norms that are shared among a group of people and that when taken together constitute a design for living answer Culture question Abstract ideas about what a society believes to be good, […]

question Forms of Business Organizations answer 1. Sole proprietorship 2. Partnership 3. Corporation 4. Hybrids (LLP, LLC, Sub S) question Sole Proprietorship answer Business owned and operated by one person. question Advantages to the Sole Proprietorship answer 1. Easy to form. (no paperwork is involved) 2. Business income is taxed once, at the individual’s personal […]

question How the day is divided up answer normal day: 2/3 of time is spent doing essential activities (eating, sleeping, brushing teeth), 1/3 of time is spent playing or watching TV (play decreases and TV increases as child gets older in mid childhood) 2.5-4 hrs of TV a day question Middle Childhood and Peer Interaction […]

question An example of a business using information systems to attain competitive advantage is answer C) Verizons Web-based digital dashboard providing real-time company information for managers. question Which of the following choices may lead to competitive advantage (1) new products, services, and business models; (2) charging less for superior products; (3) responding to customers in […]

question biomedical therapy answer treatment that focuses on alternating the brain, especially with drugs, psychosurgery, or electroconvulsive therapy question paraprofessional answer individual who has received on the job training in mental health treatment in lieu of graduate education and full professional certification question psychological therapy answer therapy based on psychological principles rather than on the […]

question Audit committees should be made up of the most qualified directors regardless of whether they are part of management of the company. True False answer FALSE question Analytical procedures are seldom used for planning an audit engagement because they are substantive procedures. True False answer FALSE question Preliminary arrangements with clients should be set […]

question Business documents can include all of the following EXCEPT __ answer Personal letters question A letterhead should contain all of the following EXCEPT __ answer The company’s objective question All of the following are guidelines about the appearance of letterhead elements EXCEPT____ answer Make the font size of your name the same size as […]

question Which of the following is a symptom of an out-of-control company? answer Lack of periodic reviews question Control has been called one of the Siamese twins of management. The other twin is ____. answer planning question The use of rules, regulations, and authority to guide performance is referred to as _____ control. answer bureaucratic […]

question Michael Porter’s three generic strategies can be depicted on two dimensions: competitive advantage and product life cycle. answer FALSE question Concentrating solely on one form of competitive advantage generally leads to the highest possible level of profitability. answer FALSE question A firm striving for cost leadership will typically spend relatively more on product related […]

question Business letter answer A letter that represents a company, not an individual question Letterhead answer Official company stationary. It usually includes company name, logo, address, and other contact info. question Date line answer 1st item that is typed in a letter. Spell out the moth. Ex: September 11,2014 question Delivery Notation answer Used if […]