An employee's net (or take-home) pay is determined by gross wages minus amounts for income tax withholdings and the employee's ________ is/are where criminals steal personal information and use it to commit other types of fraud. 1.Which of the following businesses buys products from other a. 2 Consider the following sentence: "To become the most affordable fashion brand for every person in the world." This is most likely to be a growing fashion company's Your Answer Vision statement Correct Answer Vision statement Explanation For a growing company, this is a forward-looking vision statement as it aims at becoming the top cost leader in the fashion industry around the world. Management by objectives can eliminate the motivation of doing well for the sake of the work itself, resulting in ________. Which of the following is a manufacturing business? d. Portion of FICA taxes and any union dues. What Are Managerial Business Processes Quizlet. Which of the following refers to people and their individual talents and capabilities? In a(n) ________, two companies create a new, third entity that then purchases the two original companies. In ________, a salesperson acts as an advisor who helps current and potential customers find the best solutions to their personal or business needs. Question. Multinational corporations are companies that ________. Which of the following is a s ervice business? C) growth market is to a cost-based strategy. When demand for goods and services drops, businesses reduce production, resulting in economic contraction. Which of the following can create ethically acceptable outputs by AI systems? James is the owner of a small toy manufacturing company. Mike is thinking about expanding his manufacturing business internationally. What can a manager do to benefit from systems thinking? Individual systems within an organization are considered ________ of the overall business. Write your answers in simplest terms. Investments in corporations have more liquidity than partnerships and sole proprietorships. Which of the following is the simplest form of text translation? Right-click the Start Menu (in the taskbar) and select Device Manager. The following are examples of external users of accounting information except. employees dislike work and can be motivated only by the fear of losing their jobs or by extrinsic rewards. on the balance sheet. a. Microsof b. DellComputers c. Facebook d. If this doesn't solve the problem, visit our Support Center . Assigning employees to project teams without reorganizing the company's structure. Because many customers are reluctant to buy foreign products if they cannot get service for the product, what functional strategy for international expansion should be considered? Which of the following statements is true with regards to globalization? $$. Which of the following is an advantage of creating a team with a diverse background? A manufacturing business b. Lean is a way of thinking about creating needed value with fewer resources and less waste. Which of the following is a manufacturing business? the company can't sustain the low price levels profitably. ________ is/are the principles and standards of moral behavior that are accepted by society as right and wrong. Which of the following best describes eBay's business model? Encouraging the repetition of a particular behavior by not offering unpleasant consequences for the behavior is called ________. 1Angola 2Libya 3Bangladesh 4Venezuela. Scroll through the list until you find the device you need to update. b. The U.S. Department of Defense is the Sector Risk Management Agency for the Defense Industrial Base Sector. 6.If a $15,000 purchase of equipment for cash is incorrectly Managerial accountants would be responsible for providing information regarding. Applying game playing principles to existing business processes. When an employee has perfect attendance for the month, he or she is given a $25 bonus. During the month of February, Nurix earned $55,400 of revenues by providing services to 45 clients. An example would be tailor-made suits, which are made specifically to each customer's. A limited liability company combines attributes of a partnership When the U.S. dollar is strong, U.S. exports will likely ________. One of the main downsides of founding a. A manager demotes an employee who does not meet performance goals. 1. To choose: The primary source of revenue for a service business. Round answer to the nearest cent or tenth of a percent. and dividends of $54,000 during the current year. Pune, Maharashtra. Which of the following has helped buyers educate each other, shifting power from sellers to buyers? Money serves as a(n) ________ to simplify transactions because a buyer can trade it for a good or service. a. the wood and upholstery materials that are in the final piece b. the labor of the worker assembling the piece of furniture c. the depreciation paid on factory equipment d. the labor of the wood worker who finishes the wood of the piece. Restart your browser. Which of the following best describes the focus of expectancy theory? rate if the customer pays$600 in advance. 2. Grocery store - Merchandising Determine if each of the following businesses is an example of a manufacturing, service, or merchandising business. Which of the following is an advantage to logging measured performance as work progresses in to a performance management system? A service business c. Amerchandising business d. 2.An investment business Capital market stakeholders have aninterest in a company because: a. they depend upon the continuedsuccess of the company for keeping their jobs. In a ________, two companies join to form a single entity either by pooling their resources or by one company purchasing the assets of the other. 1. $$ Capitalization of costs applies to products. The intermediary collects the receivables from the customer. Which of the following authorizes management to vote on behalf of a shareholder in a corporation? Which of the following groups of companies are all examples of a merchandising business? Select one: A. cost of raw materials B. factory insurance C. depreciation on office furniture D. wages of assembly line workers This problem has been solved! A sample of 25 returns is selected from young couples between the ages of 20 and 35 who had an adjusted gross income of more than $100,000. The government agency that has the authority to impose penalties against advertisers who violate federal standards for truthful advertising is the ________. Fundamentals of Financial Management, Concise Edition. 2 In fact, the National Association of Manufacturers (NAM) Manufacturers' Outlook Survey continues to find that "attracting . ledger account. Having a motivated workforce has a range of advantages, such as lower levels of absenteeism, retention of workers and low levels of staff turnover, improved relations between management and. ________ refers to establishing the overall level of resources needed to meet customer demand. Nongovernmental organizations are usually ________. The conditions that affect the cost and availability of goods, services and labor, and the behavior of buyers and sellers are BEST described as the ________ environment. Who is responsible for reviewing the long-term plans and major strategic decisions of an organization? ** success of the company for keeping their jobs. A service business c. Amerchandising business d.2.An investment business Capital market stakeholders have aninterest in a company because: a. they depend upon the continuedsuccess of the company for keeping their jobs. The first step in setting price is to match the strategic plan to ________. A) broadly-defined target market is to a cost leadership strategy. Explain to him how much he might be able to borrow against the stereo and what can happen when using pawnbroker credit. What type of unsecured loan has an agreed-on maximum a bank is willing to lend a business? In ________ CSR, company leaders believe they have responsibilities beyond making a profit, and they back up their beliefs with actions taken on their own initiative. The following are the types of businesses:. **Louisa Tibaldi's group disabilit y policy has a benefit percentage of 65 % of her Which of the following offers better opportunities for manufacturers of specialized or low-volume products to reach customers? the sense each employee has that his or her efforts contribute to the outcome. $15,000. answer choices CellularBusiness Studies MCQs for CBSE Class 11th and 12th. empowering employees to look for ways to improve quality. ________ refers to focusing on core competencies and letting other companies handle remaining business functions. c. Total If you had to decide to use either legislated standards or a pollution tax to reduce pollution, which would you choose? An employee's rational and emotional commitment to his or her work is termed as ________. Her annual salary for the last 2 years Answer to Problem 1MC C. Providing intangible good and services Direct Labor Indirect Labor Office Depreciation 4. Question: Which of the following is a part of manufacturing overhead? Increasing the amount of damage awards (WRONG). True/False. In the 2019 Deloitte and MAPI Smart Factory Study, 8 connecting to an ecosystem was a hallmark of the Trailblazers, a cohort of manufacturers that was making great strides by adopting Industry 4.0 technologies to solve for specific business problems and opportunities. ________ are contracts whose value is determined based on the value of some other entity such as stocks pools of debt or currencies. What type of promotional tool could be used if the company wanted to create consumer involvement and energy around a brand base? Worksman Tricycle Parts DiagramHere is a video about this e-trike. 2.1 Distinguish between Merchandising, Manufacturing, and Service Organizations - Principles of Accounting, Volume 2: Managerial Accounting | OpenStax Uh-oh, there's been a glitch We're not quite sure what went wrong. Consumers have the right to buy safe products, and to buy them safely. Who enforces this? ________ utility is the benefit provided by making the company's products available where customers want to purchase them. b. they collect Which of the following best describes the working relationship within a team? Which of the following can be categorized as a good? Are the following examples of a service, manufacturing, or merchandising business? In a team, people who focus on work-related accomplishments over human needs, and help the team reach its goals are said to assume the ________. Direct marketing differs from advertising in that direct marketing ________. In ________, the salesperson recites or even reads a stock message with no regard for the customer's unique circumstances. An organization can be classified into manufacturing or servicing firm. Consumers who defend a company against detractors and help other customers in the use of the product are called ________. Job production is when individual products are made one at a time to meet specific customer preferences. Which of the following is nota certification for accountants? Asset allocation is performed to ________. Terms in this set (266) The ________ function of a business involves the recruiting, hiring and support of its personnel. Lean thinking and practice occur together. A business is an organization built by putting in basic resources such as materials and labor to produce goods or services for consumers.. Contract manufacturing: Business model in which a firm hires a contract manufacturer to produce components or final products based on the hiring firm's design. ________ are not-for-profit, member-owned cooperatives that offer deposit accounts and lending services to consumers and small businesses. The Magnuson-Moss Warranty Act (1975) requires complete written warranties in ordinary language and requires warranties to be ________. Which of the following indicates the perceptions of fairness in the workplace? c. the cash at the beginning of the period Performance management systems allow companies to move from annual reviews to ________, giving managers and employees time to correct issues before things get too far off track. Which of the following would be an effective way to make a reward personal and meaningful for an employee? **Required:** 5.The basic financial statements include the: a. bank When the number of competitors in a market is small, and competitors influence each other through production and pricing decisions, a situation known as ________ is created. IRS figures show that, in 2008, the average revenue of a sole proprietorship ranged from approximately $11.9 thousand for unclassified establishments to $1.1 million for coal mines. James primarily focuses on buying and selling of products using the internet. ________ is defined as meeting the needs of the present without compromising the ability of future generations to meet their own needs. ________ suggests that employee satisfaction depends on the perceived ratio of inputs to outputs. Which of the following is an advantage of offshoring goods where labor is a significant part of production costs? Marathon Bhavan, Parvati. Identify your decision based on personal standards of honesty and fairness. Tension that exists when a person's beliefs don't match his or her behaviors is called ________. human resources Which one of the following is true regarding the economic environment of business that shapes the behavior of buyers and sellers? How can society encourage organizations to use ethical behavior to promote mutually beneficial relationships? For the $n$ DVDs in your sample, let $f$ be the number that exceed 2 hours. b. Manufacturing costs can be classified into three key categories: direct material costs, direct labor costs, and manufacturing overheads. Net income for the current year totaled $186,000. Make the journal entry to record the following transactions. What was the outcome of the Hawthorne studies? ________ are a form of financial assistance in which producers receive enough money from the government to allow them to lower their prices in the world market. Packaging serves as a means of product differentiation. the conversion of raw materials into finished products which will be sold at a price higher than the production costs, Three stages in the manufacturing process, the raw materials already processed but not yet completed, the work in process which has already been completed, the leftovers of materials resulting from the manufacturing process if they can still be sold or used for other purposes, the leftovers have no more value or cannot be used for any other purpose and will just be thrown away, finished goods that did not meet the required specifications and will just be sold as seconds at a much lower price than the good units, finished goods that can still be reworked to meet the required specifications, Production Costs/ Manufacturing Costs/ Factory Costs / Inventoriable Costs, these are the costs incurred to produce the product, these are the costs incurred to sell the products, these are costs incurred to run the business other than the production and selling costs, these are the costs incurred as a result of borrowing money, The selling costs, administrative costs and financing costs are considered as such, costs that tare subtracted from the income of the period, there are budgeted or projected costs and no cash outlay is involved, these are traceable or can be conveniently identified to a product, these are costs which are applicable to all products manufactured hence cannot be conveniently identified with a specific product, a cost which fluctuates or varies with the change in volume, a cost which remains constant or does not change regardless of a change in volume, are materials which can be identified or conveniently charged to a specific product, are materials necessary in the manufacturing process but cannot be conveniently identified with a specific product, refers to the wages of the factory workers, refers to the competition of the other employees in the production department other than the factory workers, Factory Overhead/ Factory Burden/ Manufacturing Expenses, these are the expenses incurred by the production department other than direct materials and direct labor costs, the production costs are all actual costs, the production costs are combination of actual and estimated costs, the production costs are all estimated costs, all the production costs are included in the cost of the product regardless of whether the item is a variable or a fixed cost, only the variable production costs are included in the cost of the product, - the 3 elements of production costs will be accumulated by jobs, - the 3 elements of production costs will be accumulated by processing departments, a branch of accounting that deals with the determination of the cost of goods manufactured and sold, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Don Herrmann, J. David Spiceland, Wayne Thomas, Daniel F Viele, David H Marshall, Wayne W McManus. Which of the following are guidelines for behaving ethically? When a large amount of money is needed for a short amount of time, ________ is used as a short-term promissory note to repay a borrowed amount by a specified time with a specified interest rate. Governments established ________ in an effort to ensure all competitors have an equal chance of succeeding. c. Portion of FICA taxes, unemployment taxes and any union dues \ is a key aspect of social responsibility (WRONG). Break-even analysis is a method of ________. What is the advantage of franchising internationally? Portion of FICA taxes and unemployment taxes. ________ laws limit what businesses can and cannot do to ensure that all competitors have an equal chance of succeeding. 2. Virtually every decision made is influenced by the economic environment. Companies can concentrate on core competencies. The sequence of activities that take the longest time from start to finish in a PERT diagram is called the ________ path. Microeconomics includes the study of ________. In order to test a process virtually before implementing it on the factory floor, engineers can use ________. Additional advantages include lower costs, flexibility to adapt to changing market conditions, focus on limited market niche and reputation.. view details The chief downside of trade allowances is that they can lead to ________, in which the retailer buys a large quantity of a product when the price is low, thus reducing the producer's profit in the long run. recorded as an increase to equipment and as an increase to cash, at Today, one of the most popular sales promotion tactics is ________, which gives the company visibility and helps it share in positive emotions of consumers. A. ________ refers to sums of money (equal to a certain percentage of their deposits) that banks are legally required to keep on hand. Select one: A. cost of raw materials Which of the following is a characteristic of a matrix structure? In the money supply, what represents the cash held by the public and money deposited in checking accounts? B2C 4. According to Bruce Tuckman's model of team development, in the ________ stage, conflicts are resolved, and team harmony develops. Work in Process Inventory 3. _______ refers to a creative tactic designed to capture the audience's attention and promote preference for the product or company being advertised. The ________ function of an organization coordinates the incoming flow of materials and the outgoing flow of finished products. provide major financing for the business. Results are less susceptible to cognitive errors. Which of the following is an assistive writing tool that provides real-time advice about the effectiveness of the written language? How can a person improve the communication process when working with a person from another culture? A contract manufacturer ("CM") is a manufacturer that enters into a contract with a firm to . Short-term financing is financing that will typically be repaid within ________. plus or minus the cash flows from operating activities equals the In ________, the seller doesn't set a firm price. A country can assist its domestic producers by implementing ________ such as special business licenses and limiting foreign companies' access to them. During the business analysis stage, a company ________. In Herzberg's two-factor theory, hygiene factors are ________. A(n) ________ shows the relationship between the amount of product that buyers will purchase at various prices, all other factors being equal. The conventional promotion model differs from the social model of customer communication in that the conventional promotion model ________. facilitate the buying and selling of stock. (b) Do you feel your sample is large enough to have a reliable empirical probability? The need to know how well one is doing compared to others around them is a motivational indicator of one's drive to ________. Which of the following is an advantage to the unstructured organization? Raw materials stage 2. ________ is an element of the marketing mix that refers to a wide variety of persuasive techniques used by companies to communicate with their target markets and the general public. In a ________ organization, a manager usually has a wide span of management. A small-scale consulting firm in Hawaii was struggling financially because it was unable to generate enough capital to run its business transactions. Corporation tax is a tax on the profits of a business. Determine if each of the following businesses is an example of a manufacturing, service. One of the reasons online retailing firms have been so successful has been their ability to deal with customer complaints and provide personalized services more efficiently than traditional firms. The process of collecting and interpreting information about customers, competitors, and other related marketing issues is known as ________. Financial motivation involves motivating employees with money and things associated with money. According to a United Nations estimate, the average Mexican immigrant family's annual income is $27,000. This firm will be targeted by _____ enterprise resource planning ERP vendors. Costs of goods sold are accounted for in these costs. Production costs are the total cost of all resources used to produce a product. Employees and managers must agree on goals. A company that strives to do more than just make money. A manufacturing business b. (WRONG). What is the term for the organized network of companies that work together to move goods and services from the manufacturer to consumers? A person's disclosure that exposes illegal or unethical behavior by others within the organization is. Which of the following is a key advantage that corporations have over sole proprietorships and partnerships? Suppose the Internal Revenue Service is studying the category of charitable contributions. Business ethics. A cross-functional team that deals with recurring tasks and has the opportunity to become a permanent part of the organization's structure is known as a ________. General Motors b. Facebook c. American Airlines d. Target ANSWER: A a . According to McGregor, Theory X-oriented managers believe that ________. Which of the following is a manufacturing cost? Instead, buyers competitively propose the prices that they are willing to pay. . See the answer Which of the following is a part of manufacturing overhead? Belief in your ability to complete a task is known as ________. retained earnings decreased by $186,000 during the current year. Sales process. company's internal processes meet accepted standards. Course Hero is not sponsored or endorsed by any college or university. The expected norms of behavior in a particular situation are referred to as ________. ________ are estimates of future demand for a company's products. Which of the following is a manufacturing business? What is the meaning of the term "consumerism"? Which of the following Acts guarantees equal opportunities in education and employment for those with health issues and who may require reasonable accommodation to perform certain job tasks? Perceived risk, interest rates, and opportunity cost all determine ________. 2.d. they provide major financing for the True False Producers rely on a class of intermediaries called value-added resellers (VARs) to assist with which of the following functions? These may depend on the size of the business, the number of owners and the level of risk owners are willing to take. Trends and conditions in the business environment can be determined during what activity? ________ starts with reality and enhances the user experience by superimposing visual or textual information on it. b. In a ________ strategy, managerial control is highly centralized and major decisions for the company's international operations are made at the company's headquarters in the home country. A) must focus on governmental regulations. Which of the following is a manufacturing business? (WRONG). Truth in Lending Act (Consumer Protection Credit Act) (1968). ________ agreements entitle one company to use some or all of another firm's intellectual property in exchange for a royalty payment. pressuring businesses to consider consumer needs. $$ Accepting multiple cultures on their own terms is the practice of ________. A firm following a focus strategy. Enhanced meaning and connection for workers (WRONG). ________ marketing is a program that works to promote a social issue while promoting the company and its products. ________ is used to extract meaning from text files. In your reasoning, explain the pros and cons of each approach. reconciliation statement. Goods in Process Stage (Work in Process) 3. Which of the following is a defining characteristic of a cross-functional team? $$ Unlike general philanthropy, strategic CSR ________. Successful financial management starts with an outline of funds needed for a period of time, along with sources and intended uses of those funds, referred to as a(n) ________. c. they purchase the company's products or end of period cash reported on the balance sheet. percentage at 2.25 % for each year he has worked for his company. operating, investing, and financing activities equals the end of it includes people from a variety of departments with different areas of expertise and responsibility. When will the customer evaluate the product and decision-making process of a routine purchase? According to the job characteristics model, the degree to which the employee has responsibility for completing an entire task is called ________. Which of the following is one of the negative aspects of holding a position on a board of directors? Which of the following refers to creating variations of an existing product? Selling existing products to new markets is referred to as ________. True False 2. Which of the following is a disadvantage of a sole proprietorship? d. exceed liabilities and stockholders' equity by One goal of The Resource Recovery Act (1970) is to ________. $$. What types of technologies are strong enough to create or destroy companies? 7.The statement of cash flows is integrated with the balance Which of the following federal legislations limits a credit card holder's liability for unauthorized use? Expert answered|matahari|Points 8304| Log in for more information. specialize in those areas where it can produce more efficiently than other countries. ________ is defined as a pathway for the flow of authority and connects the various groups and levels within the organization. Lean thinking always starts with the customer. 2. In the ________ strategy, strategic decisions are made at headquarters in the home country, but local business units are allowed to make "on-the-ground" decisions that are most appropriate for the local environment. Business Studies is not just about business and money-making. Amazon.com Wal-Mart Ford Motors Delta Airlines Ford Motors is a manufacturing business. is influenced more by subconscious and emotional factors. Nurix Inc. is a business consulting firm. Which of the following is nota role of accounting in business? Which of the following activities is most likely to be considered unprofessional? Assume a firm has the following costs: fixed costs: 400; selling price: 10 per unit; variable costs: 6 per unit; To calculate the variable cost, multiply variable cost per unit by number of . Legal systems in Great Britain and the United States are based on ________, in which tradition, custom, and judicial interpretation play important roles. First it must decide which promotional tactics to use in particular markets to launch products to consumers and businesses. Private limited companies pay corporation tax. ________ can be used to get timely, accurate information to the right people via computer and communication systems. ________ theory suggests that managers can motivate employees by shaping their actions through behavior modification. Quizlet; The Times 100; Financial Times . It is assembled to find ways of improving quality, efficiency, or other performance measures. if physical observation can NOT be used to identify the exact amount of resources consumed by a cost . And lean is a practice consisting of continuous experimentation to achieve perfect value with zero waste. Why the business owner chose to enter a particular business field oc.) Which of the following theorists developed the three-needs theory of motivation that highlights needs for power, affiliation, and achievement? ________ refers to measuring quality against established standards after the good or service has been produced and fine-tuning production to improve results. to provide reports to users about the economic activities and conditions of a business, to personally guarantee loans of the business, to provide information to external users to determine the economic performance and, to assess the various informational needs of users and design its accounting system to meet. Which of the following is an example of a variable cost? Legal liability for the misdeeds of the company. by $40,000. Updated 4/26/2015 12:28:38 PM. Social media has given consumers numerous ways to ask questions, voice concerns, and otherwise demand attention, supporting which consumer right? Does the sample support the view that box fill is a normally distributed random variable? ________ is a computer-based pricing method that creates a demand curve for every product to help managers select a price that meets specific marketing objectives. This would be an example of ________. Which of the following is the main objective of engaging in inventory control? Asked 4/26/2015 8:18:03 AM. (a) Prepare a histogram and/or normal probability plot for the sample. Below are 30 individual observations on box fill. Advantages of small business ownership include independence and flexibilityin terms of location and opening hours of the business. B) growth market is to a differentiation-based strategy. businesses to sell them to customers? has one marketing mix for the entire market. How has the use of the internet changed the issue of perishability for companies? E-commerce 3. 1Which of the following businesses buys products from other businesses to sell them to customers. Research into equity theory has led to thinking about the broader concept of ________. General Motors A business in which goods are produced by converting raw materials purchased into finished ones is termed as a manufacturing business. 2003-2022 Chegg Inc. All rights reserved. and a corporation. a. Being overly focused on achieving goals set using management by objectives may result in the inability to respond to a change in the business environment, or ________. ________ refers to buying goods or services from a supplier in another country. Companies use ________ in an effort to capture everything current and potential customers say and write about the company and its products. 1. a. merchandising business A diagram that shows how employees and tasks are grouped and where the lines of communication and authority flow is called a(n) ________. Part of. If Fayad has When a downward swing or recession is over, the economy enters into a period of ________. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Which of the following would be considered a product cost for a manufacturing business? c. exceed liabilities and stockholders' equity 13 \frac{1}{4}-5 \frac{3}{5} What type of business incorporates proactive CSR into the company's foundation, believing that a company should accomplish more than just making money for owners and investors? Curtiss cleaning of the carpet one time. They are concerned if the money that the put in the firm is safe What does the customer value? Some Enron executives were aware of the financial problems the company was facing and yet failed to reveal this information to the public. A. Online retailing has two major advantages over traditional businesses: simplicity and very low start-up costs. In a ________, the raider launches a public relations battle for shareholder votes, hoping to enlist enough votes to oust the board and management. Medically necessary criteria for the rhinoplasty component of the combined procedure and relevant coding instructions can be found in ANC.00008 Cosmetic and Reconstructive Services. The study of the statistical characteristics of a population is called ________. Experts are tested by Chegg as specialists in their subject area. c. balance sheet. Merchandising businesses - are businesses that provide products. Cost of Septoplasty (Nose) Surgery: 100000.00 484/6, Mitramandal Co-op HSG, SOC, Arenyeshwar Road, Opp. When a manufacturer combines fabric, buttons, and zippers to create clothing, it creates ________. One way to resolve conflict is to insist on fair outcomes and not letting team members hide behind rules, leading to ________. Ensuring that a product has a unique selling point (USP) is a good way to differentiate it from other products. Consumer purchasing differs from organizational purchasing in that consumer purchasing ________. To generate capital, the firm decided to use web technologies and digital resources to build long-term associations with current customers and to reach out to new customers. During the holiday season, Curtis offers a promotion to clean the customers carpet 10 times at a discounted This is an example of ________. Which of the following is one of benefits society contributes to a business's ability to operate profitably? Identify the consequences of a decision and its effect on others. What key aspect of running a business includes the ability to offer valuable goods and services while contributing to society? This is an example of ________. The innovation is new called novelty. Which of the following groups are considered to be internal usersof accounting information? Profits of sole proprietorships ________. (WRONG). An operations manager is most likely to be responsible for ________, helping to promote products to retailers (WRONG). 47c4f981e04e4409bee15b246979130d 0 Answers/Comments . The activities done under manufacturing business are manufacturing, payment to the supplier, sales and receipts from the customer. Feedback should be timely and include progress towards the goal. ________ allows a firm to sell the rights for the use of a specific business system, including trade secrets and brand names. A ________ is a planning and control tool that reflects expected revenues, operating expenses, and cash receipts and outlays. What is Pearsons cost of common equity. . worked 12 years at the company, what is his benefits percentage? Suppose four of these returns are selected for a comprehensive audit. According to the job characteristics model, experienced responsibility for results refers to ________. A share is a portion or percentage of a company. Most trading is done over the counter in a bond market. have a straightforward income tax structure. ________ refers to publicity efforts that portray a company as being environmentally friendly when its actions indicate otherwise. What Are Managerial Business Processes QuizletUsually, managers and supervisors will be ultimately responsible for the hiring of individuals, but the role of human resource management (HRM) is to define and guide managers in this process. The ________ is a fundamental driver of economic behavior because it influences short-term and long-term interest rates, foreign exchange rates, and inflation. What is the first step in implementing a performance management system? Finished Goods Inventory Raw Materials Inventory the materials on hand not yet processed Work in Process Inventory A structure in which employees are assigned to both a functional group and a project team simultaneously is called a(n) ________. a. Explain. Which of the following creates competition for finite resources, thereby forcing trade-offs by participants in the economy? (c) If you had chosen a different DVD collection (say, your best friend's), would you expect $P(A)$ to be similar? What makes a great team player and is often an indication of management skills? a.) ________ include(s) a range of tools and techniques that help marketers plan and evaluate marketing activities. Equity financing refers to arranging funding by ________. Using a brand name on a variety of related products is known as ________. ________ connects an employee's efforts to the outcome he or she thinks will result from those efforts. Consumer ________ arise(s) from a gap between the consumer's actual state and their ideal state. tends to be interactive and conversational (WRONG). 2. One of the valuable services that a wholesaler might perform is ________, in which it receives large shipments from the producer and then sells smaller quantities to retailers. Institutional advertisements that present a company's point of view on public issues such as education or health care are known as ________ advertising. Eliminate algorithms and data built with human bias. According to the job characteristics model, ________ refers to the range of abilities and talents needed to accomplish the responsibilities associated with the job. Which of the following is the basic premise of a derivative? The phenomenon where U.S. companies move their production back to U.S. soil is known as ________. A bear market is characterized by ________. Which of the following are part of manufacturing overhead? Which of the following is a defining characteristic of a problem-solving team? It may be the only way to gain access to business in a country (WRONG). Which of the following best describes a purpose-driven business? Which of the following is characteristic of a country with a planned economic system? A. Power-seeking B. How do unstructured organizations utilize digital technologies in a way that is different from structured organizations? Which of the following is one of the ways packaging promotes the marketing strategy of a particular brand? Determine if each of the following is an example of a manufacturing, service, or, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas, Daniel F Viele, David H Marshall, Wayne W McManus. ________ refers to determining the right quantities of supplies and products to have on hand and tracking where those items are. lowest rate of interest that banks charge for short-term loans. Hidden costs and risks are rarely involved. Right-click (or double-click) the device and select Update Driver.To update your ASUS WiFi driver. In the ________ strategy, a company creates highly independent operating units in each new country and gives local managers a great deal of freedom to run their operations almost as though they are independent companies. Reducing the price of the product - by the time a product has reached maturity, it. Which of the following is the bestdescription of accountings role in business? ________ refer(s) to intermediaries that sell products to other intermediaries for resale or to organizations for internal use. ________ refers to the degree to which information flows freely within an organization, among managers and employees, and outward to stakeholders. stockholders' equity. B It can enable a business to create a bank of content, which can be reused to create ads C It helps a company identify its biggest competitors D It provides you with another channel to push sales and promotional messages to customers on a regular basis ________ refers to the use of random sampling and tools, such as control charts, to monitor quality. When team members understand the task, what is expected of them, and their role within in the team, they ________. With the ________ tactic, a third company is invited to acquire a company that is in danger of being swallowed up in a hostile takeover. (WRONG). Explain. Which of the following is a characteristic of effective teams? The number of workers that a manager directly supervises is called the manager's ________. Which of the following is common when using a push marketing strategy that encourages intermediaries to carry new products? minus assets and liabilities equals the end of period cash reported Selling, general and administrative costs are part of manufacturing overhead. Refer to the Wheat Chex box fill problem $17.54$ with $\mu=465$ and $\sigma=3$. Which of the following is one of the least risky forms of international business activity? ________ is the government-sponsored enterprise responsible for guaranteeing and funding home mortgages for low and moderate income buyers. Stock exchanges are organizations that ________. given information, which of the following statements is true? What is the advantage of outsourcing significant functions of an organization? Risk averse and self-nurturing. For example, airlines, telecommunication companies, and plumbing companies. A customers prepayment of $600 Theocratic law, found in such as Iran and Pakistan, is based on ________. Price elasticity is a measure of the sensitivity of ________ to changes in price. The manufacturing industry netted a loss of 578,000 jobs during the pandemic-challenged year 2020a figure that represents nearly six years of job gains, 1 and yet, at any given moment in the past six months, nearly 500,000 jobs have remained open in manufacturing. Factory overhead and burden are terms used as alternatives for the term __________ overhead. What type of office layout is shown in the picture? Finished Goods Stage Three types of Inventories 1. And employer's portion of FICA taxes and unemployment taxes \ b. the cash at the beginning of the period plus or An organization that doesn't have a conventional structure, but instead assembles talent as needed from the open market, is called a(n) ________ organization. ________ are those activities in which a company excels and has the potential to create competitive advantages. The ________ function of a business involves the recruiting, hiring and support of its personnel. Which of the following is an advantage of a small business? b. they 1.Which of the following businesses buys products from other businesses to sell them to customers? minus the net income equals the end of period cash reported on the When a raider offers to buy shares of stock at considerably more than the current stock price, a(n) ________ is being made. \text{?\\\% of \$5000 = \$200} 3.Pelican, Inc. had revenues of $395,000, expenses of $155,000, Under the sales process, the finished product or goods is sold to the customers which converts the finished goods . What is the probability exactly one of the four audited had a charitable deduction of more than $1,000? a. 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