MIE 330 EXAM BUNDLE(COMPLETE PACKAGE) Questions & Answers 100% Correct(GRADED A)

accounting -ANSWERSthe recording, measurement, and interpretation of financial information certified public accountant (CPA) -ANSWERSan individual who has been state certified to provide accounting services ranging from the preparation of financial records and the filing of tax returns to complex...

Financial Management - ANSWERSPlanning for a firm's money needs and managing the allocation and spending of funds Risk/Return Trade Off - ANSWERSThe balance of potential risks against potential rewards Financial Plan - ANSWERSA document that outlines the funds needed for a certain period of t...

Business - ANSWERSindividual or organizations who try to earn a profit by providing products that satisfy people's needs Products - ANSWERStangible and intangible, provide satisfaction and benefits, products can be: tangible goods, services, or ideas Goal of business - ANSWERSto earn a profit...

marketing - ANSWERSa group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - ANSWERSthe act of giving up one thing (money, credit, labor, goods) in return for something else (goods, services, or ideas) functi...

Human Resource Management (HRM) - ANSWERSThe policies, practices, and systems that influence employees o Behavior o Attitudes o Performance Employees and customers tend to be more satisfied when... - ANSWERSo the companies tend to... Be more innovative Have greater productivity Develop a mo...

Which of the following is not something associated with nonprofit organizations? A. They Utilize Skills related to management, marketing, and finance B. They may provide goods and services C. They engage in Fundraising D. They have the fundamental goal of earning profits - ANSWERSD A depressi...

Management - ANSWERSProcess designed to achieve an organization's objectives by using its resources effectively and efficiently in a changing environment. Effectively - ANSWERSHaving the intended result Efficiently - ANSWERSAccomplishing the objectives with a minimum of resources Managers ...

Fragmented Industry - ANSWERS- Composed of a large number of small and medium-sized companies - Reasons for fragmentation: lack of economies of scale, brand Loyalty in the industry is local, low entry barriers - Focused Strategy works best Chaining - ANSWERSObtaining the advantages of cost...

business - ANSWERSindividuals or organizations who try to earn a profit by providing products that satisfy people's needs products - ANSWERSa good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - ANSWERSthe difference between what it cost...

Contract - ANSWERSa promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily sta...

marketing - ANSWERSgroup of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas functions of marketing - ANSWERSbuying, selling, transporting, storing, grading, financing, market research, risk taking exchange - ANSWERSthe a...

Job Evaluation - ANSWERSAn administrative procedure for measuring the relative internal worth of the organization's jobs. Pay Ranges - ANSWERSA set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job or a job within a particular pay gra...

overview the one page business plan - ANSWERSwhat will you sell? who will buy it? how will your business help people? ka-ching - ANSWERSwhat will you charge? how will you make money/get paid? hustling - ANSWERShow will customers learn about your business? how can you encourage referrals? In...

marketing - ANSWERSa group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services, and ideas exchange - ANSWERSthe act of giving up one thing ($, credit, labor, goods) in return for something else (goods, services, or ideas) marketing ...