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Exam (elaborations)
Mgt 8803 Business Fundamentals - Accounting Questions With Accurate Answers
New(True/False) Direct channels are rarely used in business-to-business marketing. correct answer False A marketing manager should realize that the adoption curve concept implies: correct answer using different promotional mixes for different adopter groups. A pricing level policy which harvests demand at a higher price before lowering for the more price-sensitive customers is referred to as •————————• correct answer Price skimming Account correct answer An accounting ...
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Mgt 8803 - Module 4 Questions With Accurate Answers
NewIn a SWOT analysis, what are the external factors? correct answer Opportunities (positive) and Threats (negative) Name three components of a business model. correct answer 1. Markets Service Served 2. Firm infrastructure 3. Economic model What are 5 differentiation approaches? correct answer 1. Product Features 2. Customer Service 3. Customization 4. Complements 5. Customer Experience What are Fayol's four functions of management? correct answer 1. Planning (deciding business g...
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Exam (elaborations)
Mgt 8803 Exam 1 Questions With Accurate Answers
NewAccrural basis accounting correct answer Accounting basis in which companies record transactions that change a company's financial statements in the periods in which the events occur. allowance of bad debts correct answer A contra asset account, related to accounts receivable, that holds the estimated amount of uncollectible accounts. Annual Depreciation correct answer (cost - salvage value) / useful life Asset Turnover Ratio correct answer net sales/average total assets Balance S...
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Exam (elaborations)
Mgt 8803 Exam 3 Business Strategy Terms Questions With Accurate Answers
NewAchieving a Combination Strategy with Value Innovation correct answer Eliminate: Factors what the industry or customers takes for granted. Factors that the industry has long completed on Reduce: specific factors below industry standards to restructure costs Raise: Specific factors above industry standards to provide enhanced value to the customer Create: Factors that the industry never offered before to customers and non-customers Activities correct answer transform inputs into outputs ...
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Mgt 8803 - Business Strategy Questions With Accurate Answers
NewAnsoff Matrix correct answer BCG Growth-Share Matrix correct answer Benchmarking correct answer competitive advantage correct answer superior performance relative to other competitors in the same industry or the industry average competitive disadvantage correct answer underperformance relative to other competitors in the same industry or the industry average competitive parity correct answer is when firms perform at the same level (not distinctive or viewed as being similar/ver...
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Exam (elaborations)
Mgt 8803 - Supply Chain Questions With Accurate Answers
Newa pull system correct answer a production system in which WIP is controlled by kanban cards and the "last" operation key feature include - no WIP bottlenecks - materials are kept busy instead of operators - there is no slack in the system to respond to problems - decreased throughput time and WIP - faster reaction to defects a push system correct answer a production system in which raw materials are turned into product as fast as possible key feature include - workers maximi...
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Exam (elaborations)
Mgt 6753 Exam I - Week 2 Questions With Accurate Answers
NewA/R (net) = correct answer A/R - Allowance for Bad Debts Accelerated Depreciation correct answer Sum-of-years-digits, double declining balance (More depreciation at the beginning than later on) Accounts Receivable correct answer A/R Allowance Methods correct answer Estimate Losses arrears correct answer missed dividends from previous years - Do not represent actual liabilities and thus are not recorded in the accounts - Reported in the notes to the financial statements Balance ...
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Exam (elaborations)
Mgt 8803 Formulas Questions With Accurate Answers
NewAsset Turnover Ratio (purpose) correct answer Managerial efficiency at using assets to generate profits Asset Turnover Ratio correct answer Sales / Average Total Assets (Asset Quality) Bad Debt Expense correct answer New Allowance for Bad Debts - Previous Allowance for Bad Debts Bonds Payable (Net) correct answer Bonds Payable +- Premium or Discount Bonds Payable (Net) correct answer Bonds Payable +- Premium or Discount Cost of Goods Sold correct answer Beginning Inventory + Net P...
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Exam (elaborations)
Omsa Business Class Exam 1 - Part 1 Questions With Accurate Answers
NewAccount Receivable (A/R) correct answer Money owed to us by the customer Account: correct answer An accounting record in which the results of transactions are accumulated Accounting and Capital Allocation correct answer Better info for decision makers lads to better capital allocation - money invested in good honest people with good ideas that will grow money and help economy. Financial accounting is usually the primary source of info for decision makers so better financial accounted = bet...
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Exam (elaborations)
Mgt 213 Exam 3 Questions With Accurate Answers
NewAssuming all purchases are on credit, how much cash was paid for merchandise during 2018? correct answer $472,000 At the end of the first year of operations, the balance sheet of Huntington Beach Co. Industries had the following balances: Accounts Receivable, $5,000; Accounts Payable, $6,000; Inventory, $3,000; and Unexpired Insurance, $2,000. The corporation reported net income of $79,000 for the year, including depreciation expense of $5,000, and uses the indirect method of computing net ca...
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Exam (elaborations)
Mgt8803 - Business Fundamentals For Analytics - Module 2: Finance Questions With Accurate Answers
NewAfter Tax Cash Flow (ATCF) correct answer (revenue - costs - depreciation) (1-tax)+depreciation Capital Budgeting & Inflation (2 methods) correct answer 2 methods: 1. express cash flows in real terms and discount them at the real interest rate OR 2. Convert real cash flows to nominal cash flows by allowing them to grow at rate of inflation and discount them at a nominal rate (prof recommends this method) Capital Budgeting & Inflation (why is it important) correct answer Issue is importan...
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Exam (elaborations)
Mgt 8803 Supply Chain Exam Questions With Accurate Answers
NewA Blue Ocean Strategy is a business level strategy that successfully combines differentiation and cost leadership activities using value innovation to reconcile the inherent trade-offs. correct answer True According to Michael Porter the essence of strategy is ______. - leveraging operational and marketing effectiveness to create competitive advantage - choosing what not to do - maximizing ROI while driving cost of capital down - copying what works from competitors and avoiding what ...
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Exam (elaborations)
Mgt 8803 - Accounting Questions With Accurate Answers
New- accumulated depreciation correct answer Equipment _ ____________________________- = Equipment (net) - Ending Inventory correct answer Net Sales _ ________________________ = Cost of Goods Sold + freight-in, - purchase returns & allowances, - purchase discounts correct answer Purchases _ ____________________ _ ____________________ _ ____________________ = Net purchases + Net Income, - Dividends correct answer Beginning Retained Earnings _ _____________________ _ ____________...
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Exam (elaborations)
Mgt 8803 - Business Strategy Questions With Accurate Answers
NewAFI Framework correct answer Analysis - Formulate - Implement *traditional top-down approach *predictable, stable environments Benchmarking Analysis correct answer compares processes & performance with internal & external benchmarks; companies then identify & incorporate best practices to meet improvement targets *typically starts with VALUE CHAIN ANALYSIS Business Model Framework correct answer Value Delivery Value Creation Value Capture (DCC) Comparative Business Strength correc...
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Exam (elaborations)
Mgt 8803 - Match Account To Account Classification Questions With Accurate Answers
NewAccounts Payable correct answer Current Liability Accounts Receivable correct answer Current Asset Accrued Interest correct answer Current Liability Accumulated Depreciation correct answer Contra-Asset Allowance for Doubtful Accounts correct answer Contra-Asset (Current) Bad Debt Expense correct answer Expense Bank Credit Card Slips correct answer Current Asset Bonds Payable correct answer Long Term Liability Building and Equipment correct answer Long Term Asset Cash c...
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Exam (elaborations)
Mgt 8803 - Financial Accounting Questions With Accurate Answers
NewAccounting Equation correct answer Assets = Liabilities + Owner's Equity (Resources = Creditors' claims) Acid-Test Ratio (AKA Quick Ratio) correct answer Cash + Marketable Securities + Receivables / Total Current Liabilities Liquidity Ratio Want: More than 1 Like more conservative current ratio (minus inventory) Asset Quality Ratio correct answer Ratios related to turnover and inventory Asset Turnover Ratio correct answer Sales / Average Total Assets Asset Quali...
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Exam (elaborations)
Mgt 8803 Final Copy Questions With Accurate Answers
New3 C's of marketing correct answer customer, competition, corporation 3 diversification strategies correct answer 1) market diversification: selling existing products in new markets 2) product diversification: market new products in existing markets 3) product-market diversification: enter new market where not established and introduce new product 3 factors that effect planning of organization correct answer 1) organization level (more heirarchy better with more stability) 2) degree o...
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Ati Mastery Exam - Mental Health Nur 330 Questions With Accurate Answers
NewActive listening correct answer The nurse is able to hear, observe, and understand what the client communicates and to provide feedback. agoraphobia correct answer the client experiences an extreme fear of certain places (the outdoors or being on a bridge) where the client feels vulnerable or unsafe. Altruism correct answer Adaptive: A nurse who lost a family member in a fire is a volunteer firefighter. Maladaptive: N/A Anti-anxiety medications are helpful in treating then manifesta...
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Exam (elaborations)
Nur 330 Exam 1 Questions With Accurate Answers
NewAdmission Criteria correct answer Reasons for admitting an individual to an inpatient psychiatric unit. There will be evidence of one or more of the following: (1) imminent danger of harming self, (2) imminent danger of harming others, or (3) inability to care for basic needs, placing the individual at imminent risk of harming At what part of the nurse patient relationship does the termination phase first begin? correct answer You discuss termination during the first interview (orientati...
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Hcd 330 Questions With Accurate Answers
NewA 46-year-old male presents to his primary care provider and is diagnosed with diabetes. His provider subsequently prescribes a medication to control the diabetes. Which type of prevention is the primary care provider delivering? correct answer Tertiary Approximately how many people currently lack health insurance in the U.S.? correct answer 30 million As a result of the Medicare and Medicaid programs, which of the following entities is/are the largest stakeholder(s) in the U.S. healthcare...
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