Week 5 Knowledge Check Score: 13/17 Concepts Mastery Questions Control Process 100% 1 2 3 17 Feedforward/Concurre nt/Feedback Controls 100% 4 5 6 Financial Controls 67% 7 8 9 Balanced Scorecard 50% 10 11 12 13 Benchmarking 67% 14 15 16 Concept: Control Process Concepts Mastery Questions Control Process 100% 1 2 3 17 1.The control process assumes that ________. employees require clear directions from management A. employees are underqualified and require training B. specific goals for performance were already created during the planning process C. employee monitoring costs are part and parcel of doing business D. The correct answer is: C. Because the control process measures actual performance against standards, these Correct!standards should already be in place when the control process begins. If standards are not created during the planning process, the control process will not have a goal against which to measure actual performance. 2.An example of control criteria that can be used in any situation is ________. A. number of calls taken per day B. employee satisfaction C. average time to process paperwork D. client requests completed per hour The correct answer is: B.
Amelia Cwiertniewicz MATH 533 Course Project: AJ DAVIS DEPARTMENT STORES | | A. Brief introduction AJ DAVIS, a department store chain, selected a sample of 50 credit customers to collect data on five variables such as location, income, size, years, and credit balance. In order to gain a better knowledge and understanding of their customers, AJ DAVIS provides graphical and numerical summary to explain and forecast the growth potential of their business. B. Discuss your first individual variable, using graphical, numerical summary, and interpretation Descriptive Statistics: Credit Balance($) Total Variable Count Mean StDev Variance Minimum Q1 Median Q3 Credit Balance($) 50 4153 932 868430 2047 3292 4273 4931 N for Variable Maximum Range IQR Mode Mode Credit Balance($) 5861 3814 1638 4073 2 The distribution of credit balance of the sample, which consists of 50 credit customers, is approximately skewed to the left, which is in part driven by $2,000 outlier.
OPS 571 Final Exam (Newest) – Assignment 1. A major competitive dimension that forms a company's strategic operational competitive position in their strategic planning is which of the following? • Cost or price • Focus • Straddling • Automation 2. In setting up a kanban control system you need to determine the number of kanban card sets needed. If the expected demand during lead time is 25 per hour, the safety stock is 20 percent of the demand during lead time, the container size is 5, and the lead time to replenish an order is 5 hours, what the number of kanban card sets is needed?
Case Analysis: Utiliscan Webster University HRMG 5000 March 6, 2013 Case Analysis: Utiliscan Introduction By looking at the survey conducted by Paul and his team at Utiliscan, we can see several areas that need to be reviewed for improvement by the management there. Talented employees are difficult to attract and some would say even more difficult to retain. Unless solutions are found to the problem areas facing the company, we can surmise those difficulties could become more challenging to resolve. Since profits have been reinvested at the company, the financial position is dire, and now the management must decide how much of the actual profit can be put invested back into making the working conditions better without forcing other key areas of the business to do without, or deal with shortages. These concerns would be especially hard hitting on the R&D division of the organization.
Determining the effective capacity over time Estimating design capacity Forecasting patient demand for a reasonable length of time Discovery of the bottleneck operation 6. Which of the following is considered an organizational blueprint, which prescribes the quantity and time frame for when each end product will be assembled? MRP (Material Requirements Plan) ERP (Enterprise Resource Planning) MPS (Master Production Schedule) WBS (Work Breakdown Structure) 7. Which of the following is an element that addresses elimination of waste under lean production? Kanban production control system
ACC 492 Final Exam Solution http://www.homeworkwarehouse.com/downloads/acc-492-final-exam-solution/ ACC 492 Final Exam Solution 1) The bonding of employees will normally be expected to? A. “weed out” dishonest employees already hired. B. serve as a deterrent to dishonesty. C. guarantee that all employee fraud will be prevented.
• Regular prices • Price adaptation • Altered pricing • Fixed pricing Complete Answers here MKT 571 Complete Course 4. A company can learn a great deal by analyzing the degrees of brand loyalty. For example, ________ can show the firm which brands are most competitive with its own. • hard-core loyals • split loyals • shifting loyals • switchers 5. Marketers need to identify the hierarchy of attributes that guide consumer decision making in order to understand different competitive forces and how these various sets get formed.
Financial Management: Theory and Practice • Mini Case (p. 45) a. Why is corporate finance important to all managers? Since a manager’s primary job is to increase the company’s intrinsic value, an understanding of corporate finance will enable a manager to better understand how their decisions affect the big picture. b. Describe the organizational forms a company might have as it evolves from a start-up to a major corporation.
Lessons learned: Auditing firms can be held responsible for the misrepresentation of financial information if they don’t practice due care. Auditing firms should asses risky accounts and suspicious transactions to ensure the reliability of the financial statement. Questions 1. Identify legitimate business practices that corporate executives can use for the primary purpose of manipulating or “managing” their company’s reported operating results. Are such practices ethical?
Learning Team C: Preparing to Conduct Business Research: Part 3 RES 351 August 12, 2013 James Bankston Learning Team C: Preparing to Conduct Business Research: Part 3 A main focus for businesses is customer satisfaction. As many businesses realize, competitive business ventures can attract consumers to their product. When companies fail to achieve good consumer and product management, their business may end. An example of this can include; poor customer relationship management, poor quality of products, company image deterioration, and shortages occurring from business or economic failures. This paper shows how product shortages and customer satisfaction affects a company’s image.