Patrick Marsh

question 1) What are the seven challenges for managers in the 21st century? Which two are most challenging for BBBS? How is that evident? answer 1. Managing for Competitive Advantage 2. Managing for Diversity 3. Managing for Globalization 4. Managing for IT 5. Managing for ethical standards 6. Managing for sustainability 7. Managing happiness and […]

question Inflation ____ during expansion phase of business cycle and ____ during the recession phase of business cycle answer increases; decreases question Increasing the amount of consumption spending and reducing the amount of savings ____ investment expenditures, and _____ long run economic growth in the economy answer decreases; decreases question US business cycle fluctuations have […]

question What is systems development? answer Process of creating and maintaining information systems. Involves all five components of IS model: hardware, software, data, procedures, people. It requires establishing system goals, setting up the project, determining requirements, business knowledge and management skills. question System development life cycle (SDLC) answer Most common methodology. Business plan (identifies all […]

question Career opportunities are strong in Information Systems and are projected to remain strong for the next 10 years. (t/f) answer True question Which of the following is an IT job within an organization? answer All of them: Program Manager, Network Manager, System Analyst, CIO question As a manager in your company, you expect to […]

question Database answer maintains information about various types of objects, events, people, and places. question Database management system (DBMS) answer creates, reads, updates, and deletes data in a database while controlling access and security question Data element/data field answer smallest or basic unit of information like customer names, address, email, discount rate, preferred shipping method, […]

question True or False: The managers of a company are the only stakeholders of a company that have a legitimate interest in its accounting information. answer False question True or False: Generally accepted accounting principles (GAAP) are a set of accounting standards used in the preparation of financial statements. answer True question The major output […]

question online transaction processing (OLTP) answer updating (i.e. inserting, modifying and deleting), retrieving and presenting data from databases for operational purposes question online analytical processing (OLAP) answer querying and presenting data from data warehouses and/or data marts for analytical purposes question OLAP/BI Tools answer designed for analysis of data in data warehouses and data marts […]

question Describe trends in the labor force composition and how they affect human resource management. answer internal labor force external labor market *aging workforce *diverse workforce *skilled deficiencies question Summarize areas in which human resource management can support the goal of creating a high-performance work system. answer communication development performance appraisal employee relations question Define […]

question Chevon answer French for goat meat; also know as cabrito question Mohair answer Strong, elastic fiber produced from goat pelts, typically from the Angora breed. question Cashmere answer Fine, soft undercoat of a goat’s pelt. question Chevre answer Cheese made from the milk of goats. question Myotonia answer Condition of muscle spasm or rigidity […]

question Sole Proprietorship answer a form of business ownership with a single owner who usually actively manages the company question Partnership answer a voluntary agreement under which two or more people act as co-owners of a business for profit. question General Partnership answer a partnership in which all partners can take an active role in […]

question D. capital budgeting answer Which one of the following terms is defined as the management of a firm’s long term investments? A. working capital management B. financial allocation C. agency cost analysis D. capital budgeting E. capital structure question E. capital structure answer Which one of the following terms is defined as the mixture […]

question A meeting of experts in specific fields where topics are discussed and recommendations are offered is the APEX definition of: answer Gathering question What is the goal of APEX answer Allow planners to speak the same language question Which group holds the most meetings answer Associations question What does “SMERF” stand for answer Social […]

question ECS answer Electronic Charting System question ECDIS answer Electronic Charting Display Information System System that is able to display official electronic chart information with automatic position updates that has a built in redundancy that will assist the mariner in all aspects of Navigation. question ECDIS-N answer Compliant with IMO regulations with three additions. – […]

question The amount of money borrowed answer principal question What is a credit union? answer a cooperative lending institution for a particular group question How does a bank make most of its profit on its business? answer by paying out less interest on deposits than it earns in interest on loans question A specific type […]

question Economics answer The study of how individuals and society use the scarce resources that nature and previous generations have provided. question Microeconomics answer The branch of economics that examines the behavior of individual decision-making units – that is, business firms and households. question Macroeconomics answer The branch of economics that examines the behavior of […]

question Data visualization and summary statistics help ______ data answer condense question DV Supports data cleaning. What are examples of data cleaning? answer Identify missing values, outliers, incorrect values, duplicates question DV supports exploring, which means you ____ some groups. answer combine question DV Helps identify ____ variables answer suitable question give 3 examples of […]

question Modest Expectations Investment Services (MEIS) allows customers to manage their investments over the internet. If customers attempt to sell more shares of a stock than they have in their account, an error message is displayed. This is an example of a answer Reasonable Test question [blank] enables a system to continue functioning in the […]

question What are the three cornerstones of traditional police work? answer 1. random routine patrol 2. rapid response to citizens’ calls to 911 3. retroactive investigation of past crimes by detectives question random routine patrol/preventive patrol answer officers driving around a designated geographic area; involves a police officer driving around within a community when he […]

question Mean answer Average; the sum total of a data set divided by the number of values in the set. Gives the average value of the entire set question Median answer The middle value of a data set that is in numerical order. If the number of values is even you divide the middle two […]

question Business Plan answer Written document describing all relevant internal and external elements and strategies for starting a new venture question The Business Plan is important to those people because answer It helps determine the viability of the venture in a designated market; It provides guidance to the entrepreneur in organizing his or her planning […]

question Business Plan answer A carefully constructed guide for the person starting a business question SCORE answer A group of retired and active business people who volunteer their services to small businesses through the SBA question SBA answer A government agency that assists, counsels, and protects the interests of small businesses in the United States […]

question Institute of Management Accountants (IMA) answer The largest U.S. professional organization of accounts focused on internal accounting. question management accounting answer The branch of accounting that produces information for managers within an organization. It is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers fulfill organizational objectives. question […]