Sean Hill

question 3 Potential Problems from Moving Locations answer 1. Some loyal customers and employees may be lost; the greater the distance between the old and new locations, the bigger the loss. 2. A new site may not have the same traits as the original one 3. Store fixtures and renovations at an old site usually […]

question Highlights of the honors program answer Exclusive Honors seminars instead of the usual introductory courses Fewer required courses, but more choice of majors, minors, etc. The chance to combine Honors and the President’s Leadership Program Research opportunities working closely with Honors faculty Internships related to your major and personal goals Funds to travel, to […]

question If a business wants to know its true expenses for the month: answer it must consider all expenses incurred, not just expenses paid that month question If a business wants to know how much revenue it has earned: answer it must determine the value of services provided, not just the cash received in payment […]

question Entrepreneurship does not occur in not-for-profit companies. T or F answer False question One of the biggest mistakes aspiring entrepreneurs make is that they think too small. T or F answer True question The entrepreneurial process starts with the ________. strategy networks team opportunity answer oppurtunity question ______ strategies encourage a discipline of leanness, […]

question 401 (k) plan answer A savings plan that allows you to deposit pretax dollars and whose earnings compound tax free until withdrawal, when the money is taxed at ordinary income tax rates. question a deal answer A special price or some other benefit that not all people get. question absolute advantage answer The advantage […]

question cell membrane answer protective outer cover of all cells & controls what goes in and out of cell – door security guard , gate, gloves question cytoplasm answer gelatin-like mixture that flows inside the cell membrane – factory floor or jelly with food silly bans question organelle answer structure in the cytoplasm, which performs […]

question property that is classified as personalty is subject to cost recovery true or false answer true question if a taxpayer does not claim any cost recovery for an asset during a particular year, what will be the impact on the basis of the asset? answer the basis of the asset must be reduced by […]

question Five North American major professional men’s leagues answer MLB, NFL, NHL, NBA, and MLS question number of teams at the major league level answer 149 question only women’s “major” pro league answer WNBA question Number of North American minor league teams answer 800 question First Professional Team answer 1869 – Cincinnati Red Stockings question […]

question business continuity answer the ability of an organization to maintain operations and services in the face of a disruptive event. question Business continuity planning and testing answer the process of identifying exposure to threats, creating preventive and recovery procedures, and then testing them to determine if they are sufficient. question continuity of operations answer […]

question Demand management includes A. flows of products. B. flows of services. C. flow of capital. D. all of the above. answer D. all of the above. question Forecasting has become extremely accurate, especially since the development of the S&OP process. A. True B. False answer B. False question An outbound-to-customer logistics system is also […]

question If a letter of the alphabet is chosen at random, what is the probability that it will be a vowel? (Y is not a vowel.) answer D question Perry is considering trying to open a new business within the next few years, and he is doing research to determine what kind of businesses tend […]

question Project stakeholder management has only recently been identified as an entire knowledge area by the Project Management Institute. answer T question Project stakeholder management has resonances with project cost management and project time management. answer F question Projects often do not cause any changes in an organization. answer F question The main output of […]

question An example of a strategic operations management decision is the choice of where to locate. answer TRUE question An example of an operational operations management decision is inventory level management. answer TRUE question Gov’t stats are a good source of data about productivity trends in the service sector. answer FALSE question An example of […]

question Respiratory Care answer 1. 15 month internship 2. partnership with Sanford 3. 12 students in program question Radiologic Sciences answer 1. 2 yr internship 2. can specialize 3. Career Opportunities question Pharmacy answer 1. 6-7 yr program 2. Rotations/Internships 3. Differential Tuition question Medical Laboratory Science answer 1. 1 yr internship 2. Great lab […]

question What is the marketing mix? answer Also know as the four Ps, these are a contorllable set of activities a firm uses to respond to the wants of it’s target markets. question What are the 4 Ps? answer Product- Creating value through goods services and ideas Price – Everything the buyer gives up in […]

question The cost of a project is based on the time taken to complete the project. answer TRUE question An information system project’s scope is directly related to its business requirements. answer TRUE question The information systems steering committee is composed of information systems managers and end-user managers responsible for overseeing several specific information systems […]

question When a competitive market experiences increase in demand that increases production costs for existing firms and potential new entrants, what is most likely to arise? answer The long-run market supply curve will be upward sloping question If a competitive firm is selling 500 units of its product at a price of $8 per unit […]

question An “emphasis on results” is a trait associated with answer competence question In the business world, caring can be demonstrated by answer considering the needs of customers and employees. question Corporate values are answer the stated and lived values of a company. question Which of the following is true of contemporary organizational culture? answer […]

question Ethics answer -the set of moral principles or values that defines right and wrong for a person or group -rights and wrongs are rarely crystal clear to managers charged with doing the right thing -when people believe their work environment is ethical, they are six times more likely to stay with that company than […]

question In Marketing in the News, we heard that Amazon’s new advertisement has an interesting element. What did we hear about the ad? answer The Amazon “smile” does not show the name of the company. question In class, we talked about a situation in which a family had decided to get a new computer. In […]

question What are the two standards, or norms for measuring performance? answer -price- how much should be paid for each unit of output -quantity -how much an input should be used to make a product or service question Management by exception answer a practice where deviations from standards deemed significant are brought to the attention […]

question ________ gathers, summarizes, and reports on the financial impact of changes to business operations. answer managerial accounting question Creating budgets are part of which primary management responsibility? answer Planning question Which of the following is being fulfilled when management compares the budget to actual results? answer Controlling question When management uses feedback to take […]