BCOR Samenvattingen, Aantekeningen en Examens

Intellectual property any property resulting from intellectual and creative purpose (books, computer files, mobile apps, movies, music) Trademark A distinctive word, symbol, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by others. Lanham Act of 1946 federal statute enacted in part to protect companies from losing business to rival companies that use confusingly similar trademarks Federal Trademark Dilutio...

What is the institutionalization of business ethics? Explicitly articulating moral standards and embedding them- via specific programs, structures, and institutions- in the culture of organizations, industries, and economies How does this process help to explain why you are taking this class? Help to explain how company's implement their ethical decision making What is the difference between implicit and explicit ethics in the workplace? implicit: assumed underlying things, to become impl...

strategy a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity two or more firms perform at the same level strategic positioning position in industry that allows firms to provide value to customers, while controlling costs mission reason for existence, what an organization does vision...

What does the abbreviation "IPO" stand for? Initial Public Offering Investing in stock is an equity investment; so the company pays the investor back in interest payments. FALSE! A ___ order to buy or sell a stock becomes a ___ order once the specified price occurs. Stop, Market According to the Forbes article, investment banks such as Goldman Sachs seeks people with math, technology, software and data analytics skills over well rounded trading skills. TRUE!! A commercial bank investme...

Business Problems How much to produce, How much to buy, When to open the store, What products to promote? Decision making types Strategic decisions, Tactical (managerial) decisions, and operational decisions Strategic decisions A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tactical (Managerial) decisions A decision concerned with how the organizat...

BCOR 360 Exam 2 What are the five activities of the SCOR model? ANSWER: plan, source, make, deliver, return Which of the following is a "right" in the less formal definitions of purchasing? ANSWER: Obtaining the right material; In the right quantity; At the right time; For delivery to the right place; All of the above During WWII, ________ increased the emphasis on purchasing. ANSWER: Materials Shortages Purchasing savings can have a huge impact on the firm's profit leverage. AN...

BCOR 350 Generally, a market that has more than five competitors is considered to be highly competitive. Based on the marketing plan, would you consider the outdoor retail industry to be highly competitive ANSWER: Yes Outbound's promotional strategy can be characterized as: ANSWER: creating differentiation OutBound distributes their products to: ANSWER: Regional and local specialty shops Outbound's pricing is characterized as: ANSWER: competition pricing Base on the marketing ...

Bcor 340 chpt. 9 Shelton Co. purchased a parcel of land six years ago for $855,500. At that time, the firm invested $127,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $45,000 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $907,000. What value should be included in the initial cost of the warehouse ...

bcor 12 E ANSWER: An ecological system encompasses only land. biotic factors only. abiotic factors only. land and biotic factors. biotic and abiotic factors. C ANSWER: All of the field mice, grasshoppers, deer, hawks, and plants in a particular valley in Ohio constitute a(n) abiotic system. population. community. ecosystem. biosphere. B ANSWER: The gut microbial community will be most similar between unrelated individuals. identical twins. a mother a...

Organization - A systematic arrangement of people to accomplish some specific purpose Why do we have organizations? - -efficiency; to accomplish specific objectives -serve society -provide careers How do organizations accomplish their objectives? - -Basic framework of management -Decision Making