BCOR 2205 Final Bundled Exams 2023 QUESTIONS AND ANSWERS (WELL GRADED)

strategy a set of goal-oriented actions a firm takes to gain and sustain superior performance relative to competitors strategic management combines analysis, formulation, and implementation in finding competitive advantage mastry= view organization as a whole competitive parity two...

Which category of analytics will knowledge workers use to perform their jobs? All answers are correct: Descriptive analytics techniques that describe past performance and history. Predictive analytics techniques that extract information from data and use it to predict future trends and identify b...

Marketing definition Marketing is the activity or creating, communication, delivering, and exchanging offerings that have utility (value) for customers, and these exchanges benefit the organization, its stakeholders, and society at large What is marketing? facilitates exchanges between buye...

Strategic Management integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage strategy set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors plan, ploy, pattern, po...

What are Hayeks views on planning and decision making? he believes in decentralized knowledge HAYEK: what is decentralized knowledge? spreading knowledge amongst people is Hayek against centralization? yes HAYEK: how does the price system coordinate resources? price signals ...

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...

Business Ethics The study of how to properly use one's economic and professional power with integrity The Pyramid of Success Integrity Leadership Knowledge Why are today's managers creating a demand for business ethics courses? 1. The rise of global commerce has exposed them t...

Which branch of accounting focuses on providing information to investors and creditors to support investment and lending decisions? a. financial b. managerial c. tax d. audit e. accounting information systems a. Financial Companies in the United States follow accounting rules issued b...

Leadership The process of influence aimed at directing behavior toward the accomplishment of objectives The terms "leaders" and "managers": are perceived as being different from one another Power the ability to influence how others behave Positional Power is the influenc...

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 00:57 01:30 How do organizations accomplish their objectives? -Basic framework...

Intellectual property (IP) any property resulting from intellectual and creative purposes Trademark a distinctive word, symbol, sound, or design that identifies the manufacturer as the source of particular goods and distinguishes its products from those made or sold by other companies - Und...

If you hired a company to help you sell your house there must be evidence between you and the selling agency in a written agreement, true or false true if you hire someone for a job, she has the implied authority to do acts reasonably necessary to carry out her job, true or false true ...

Consideration The value given in return for a promise or performance in a contractual agreement. 1. Something of LEGALLY SUFFICIENT VALUE must be given in exchange for the promise. 2. There must be a BARGAINED-FOR-EXCHANGE. Legal Sufficient Value Something of value in the eyes of the ...

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 thos...