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Which of the following is not a part of the strategic role of Supply Chain 
Management? 
a. managing marketing campaigns 
b. promoting sustainability 
c. managing risks 
d. responding to customer needs Ans a. managing marketing 
campaigns 
 
What is a value chain? 
a. All the elements and processes that add value as raw materials are 
transformed into the final products made available to the ultimate 
customer. 
b. A connected series of metallic links that are typically comprised of...
Finance statements Ans provide information about organizations 
financial strength 
 
What are Financial statements? Ans They are Balance sheets, 
Income statements, Statements of cash flows 
 
What are financial statement sheets used for? Ans Used to spot 
opportunities and problems, help make business decisions 
 
balance sheet Ans a statement of a firms financial position on a 
particular date, also known as statement of financial position 
 
fiscal year Ans any 12 consecutiv...
Return on Sales: Definition Ans how well a company generates 
profit 
 
Return of Equity: Definition Ans income earned on owner's 
investment 
 
Earning per Share: Definition Ans profit earned per share 
outstanding 
 
Current Ratio: Definition Ans whether a company can pay its bills 
 
Quick Ratios: Definition Ans whether a company can pay its bills 
without inventory 
 
Inventory Turnover: Definition Ans how well a company manages 
inventory
SWOT analysis Ans Strengths: What do we do well? (Internal 
Factors) 
 
Weaknesses: What do we lack? (Internal Factors) 
 
Opportunities: positive situations (external factors) that represent 
generating new revenue 
 
Threats: negative forces (external factors) that inhibit a firms ability to 
achieve its objectives 
 
KindyBis SWOT Ans S: high quality socks, larger market 
presence, economically friendly 
 
W: decreasing sales, high cost of production, only one made of 
transp...
assets Ans resources owned by a business that hold intrinsic, 
quantifiable value. 
 
balance sheet Ans provides detail information about assets, 
liabilities, and owner's equity. assets = liabilities + owners equity 
 
cash flow statement Ans offers a detailed narrative of what 
happened to the business' cash during a period 
 
costs of goods sold (COGS) Ans the expenses related to the 
business' producing a good, such as purchased materials and the labor 
used in produc...
Owner's Equity Ans Assets - Liabilities 
 
A company has the following assets: (1) Fixed assets worth $30,000 and 
(2) investments worth $6,000. The company's total liabilities amount to 
$25,000. What is the owners' equity of the company? Ans $11,000 
Owners' equity = Assets - Liabilities = $36,000 - $25,000 = $11,000 
 
Which of the following is an example of a current asset? 
 
Accounts Receivable 
Goodwill 
Land 
Equipment 
Intellectual Property Ans Accounts Recei...
Accounting Ans the process of capturing, identifying, measuring, 
and reporting a company's financial transactions. 
 
Accurate and timely financial information is important to businesses 
such as GE for two reasons: Ans First, it helps managers and 
owners plan and control a company's operations and make informed 
business decisions. Second, it helps outsiders evaluate a business. 
Suppliers, banks, and other parties want to know whether a business is 
creditworthy; shareholders...
WSU MBIOS 301 Practice Exam 3 correctly answered to pass
WSU MKTG 379 EXAM 1 questions with 100% complete solutions A+ passed
I attended every class for Psychology 321 and became very familiar with the information. I have written it verbatim and have not paraphrased or used information that is not 100% factual.