ADMN 400 UNH Final Review Questions and Answers(A+ Solution guide)

5 stages to Market Research - Answer-Market analysis, Competitor Analysis, Trends Analysis, Customer Analysis, Defining Opportunities. Types of Accountants - Answer-Certified Public, Non-certified, Private, Forensic Net Worth - Answer-What an organization owns - what it owes Categories of CSR - Answer-Obstructionist, Defensive, Accomodating, Proactive Venture Capitalists - Answer-Not common, available to exceptional startups, typically reserved for new growth businesses Angel Investors - Answer-Invest in start-up companies with high growth potential in exchange for a share of ownership. Commercial Lenders - Answer-More likely to finance established businesses than startups. market securities - Answer-Short-term investments that easily convert to cash... ex) common stock Debt Financing - Answer-Capital raised by a company by selling the debt instruments to investors [...] can be in loan form, bonds, etc... Equity Financing - Answer-Capital is raised by a company selling shares to the public. Capitalization Ratio - Answer-Debt/ Debit + Equity Value Ratio - Answer-Benefits/ Costs 4 Types of Utility - Answer-form, place, time, possession3 Types of Competiton - Answer-Substitute Products, Brand Competition, International Competition How to businesses raise money? - Answer-Equity, Profits, and taking on Debt Factoring - Answer-the process of selling accounts receivable for cash Types of Competitive Advantage - Answer-cost, product/service differentiation, niche Information Technology (IT) - Answer-Equipment & technologies used to manage & process info, such as: orders, products, inventory, scheduling, shipping... in less than 70 yrs we have transformed from industrial to knowledge-based economy driven by information... IT sometimes uses Supercomputers Management Information Systems (MIS) - Answer-Methods & equipment that provide info about all aspects of a firm operations. Provide managers with info to make decisions and properly categorize & identify ideas into useful info. Collected into an electronic filing system, or a database. Computer Networks - Answer-A group of 2 or more CPU's linked by communications channels to share data, improve productivity and enhance collaboration thru file-sharing, screen-sharing, videoconferencing, limit duplicating, etc... Enterprise Portal - Answer-A type of intranet (private internal network) that provides proprietary corporate info to a defined user group... allowing individuals or user groups to customize the portal home page to gather just the info they need and deliver it thru a single web page. 3 Types of Enterprise Portals - Answer-Business to Employee (B2E), Business to Business (B2B), Business to Consumer (B2C) Main Types of Management Info Systems - Answer-Transaction Processing Systems (TPS), Management Support Systems [data warehouses and data marts] (MSS), Decision Support Systems (DSS), Executive Info Systems (EIS), Expert Systems Cognitive bias - Answer-Systematic error in thinking, or mental shortcuts KPI's - Answer-Key Performance Indicators: the quantifiable metrics a company uses to evaluate progress toward critical success factors.SMART goals (acronym) - Answer-Specific Measurable Attainable Relevant Time-Bound