Unit 2 - Business Resources

Travel and Tourism unit 7 Questions and Answers Graded A+ Private limited company Has limited liability and sells shares to family and friends privately Public Limited Company Has limited liability and sells shares openly on the stock market Franchise A business that lets people buy an outlet run under their business name and brand Sole trader A business owned by one person which has unlimited liability for any debts Partnership A business with 2-20 owners and u...

SCMN Exam 2 Questions with 100% Correct Answers What is service parts logistics? - Answer--supports the overall repair and maintenance of equipment as it moves through its post-sales lifecycle. How does service parts logistics differ from traditional logistics? - Answer--Traditional forecasting concepts and supply chain strategies do not apply to service parts What is reverse logistics? - Answer--process of planning, implementing and controlling the efficient, cost-effective flow of ma...

Management's Decision-Making Process Considers both _____________ and ___________ information. - ANS Financial - Revenues and costs - Overall profitability Nonfinancial - Effect of decision on employee turnover - Environment - Overall image of company Incremental Analysis - ANS Process to identify financial data that change under alternative actions - Identifies probable effects of decisions on future earnings - Identify and gather the data points from Acc...

1. What is a conceptual framework? Why is a conceptual framework necessary in financial accounting? - ANS 1. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements. A conceptual framework is necessary in financial accounting for the following reasons: (1) It enables the FASB to issue more useful and consistent standa...

ServiceNow CIS - CSM (Customer Service Management) Questions and Answers 100%Solved Requirements from workshops are initially documented as stories which creates the product backlog The product backlog is sorted into sprints Three options for logging stories Centralized services portal, customer production instance, stand-alone engagement instance Normal Configuration Applies to customer that says the want the system as-is Low Configuration Applies to customers ...

Miami University ISA 235 Final Exam Questions And Answers 100% Pass. Internet of things - AnswerA world where interconnected, internet-enabled devices or "things" can collect and share data without human intervention. Value Chain: Primary Vs. Support - AnswerViews a firm as a series of business processes that each add value. Primary: The firm acquiring raw materials, manufacturing, delivering, marketing and selling. Support: Actual firm infrastructure such as HR, Management, Tech. De...

UAMS Lab Management Quiz 3 Questions and Answers What is a revenue center? An area of the organization which is responsible for generating a percentage of the total revenues expected by the organization. What is a cost center? A unit within the organization whose primary purpose is to provide a service at the least possible cost. What are direct costs? Those that are specifically associated with a particular service or process. What are some examples of direct costs? ...

ANTH 202 Quiz 2 Latest 2025 Solved 100% (Already Passed) Mode of Productions - Answers Economic systems that are a society's dominant way of providing for people's material needs. Pastoralism - Answers Mode of production based on keeping domesticated animal herds and using their products such as meat and milk for most of the diet. Swidden Cultivation - Answers a form of cultivation in which a field is cleared by felling the trees and burning the brush Nomadic - Answers wandering, movin...

Diamonds & Diamond Grading Exam Questions and Correct Answers Latest Update (Already Passed) WHOLESALERS - Answers Someone who sells to retailers rather than directly to consumers APPRAISAL - Answers An estimation of the value of an article, usually for insurance purposes SINGLE-CHANNEL MARKETING - Answers A direct, centrally controlled marketing route for rough diamonds CENTRAL SELLING ORGANISATION (CSO) - Answers An agency designed to purchase, sort, evaluate, and sell rough diamonds D...

CLM 335 Exam 1 Questions and Answers 100% Pass Admissibility of the Health Record - - A court must be confident the record was created as the result of treatment, not in anticipation of a legal proceeding - The health record is hearsay because it was not created in court under oath - Business records exception allows it to be admitted - For EHRs to be admissible, the court must be confident of the system's accuracy and trustworthiness Authentication - 1. the process of identifying the...