Chapter 7: An Empire Stretching From Cardboard Box
Chapter 7: An Empire Stretching from Cardboard Box
Exam (elaborations)
Chapter 7: An Empire Stretching from Cardboard Box to Kindle to Cloud
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Course
Chapter 7: An Empire Stretching from Cardboard Box
Institution
Chapter 7: An Empire Stretching From Cardboard Box
1: Which of the following is true of Amazon? - answer-Amazon went seven whole years without turning a profit.
2: Bezos is regarded as such a successful CEO in part based on his relentless focus on his firm's quarterly performance. - answer-false
3: While Amazon took several years to turn a pr...
Chapter 7: An Empire Stretching from Cardboard Box to
Kindle to Cloud
1: Which of the following is true of Amazon? - answer-Amazon went seven whole years without turning
a profit.
2: Bezos is regarded as such a successful CEO in part based on his relentless focus on his firm's quarterly
performance. - answer-false
3: While Amazon took several years to turn a profit, the firm has been known for consistent and growing
profits ever since. - answer-false
4: Amazon's CEO has invested in many firms, including a commercial rocketry and aviation firm that
intends to send humans into space and which has already launched a suborbital capsule test. - answer-
true
5: Identify the true statement about Amazon. - answer-Amazon takes a relatively long-term view with
respect to investing in initiatives and its commitment to grow profitable businesses.
6: Which of the following is true? - answer-The three pillars of Amazon's business are large selection,
convenience, and lower prices.
7: Computers help make sure shelvers stack similar items next to each other. The goal? Make sure that if
an order picker seeks something like Legos, they'll find all of the firm's offerings in one spot. - answer-
false
8: Which of the following is a benefit derived from Amazon's use of Kiva robots in its fulfillment centers?
- answer-Allows warehouses to store more product
AND
Reduces unload time for inbound inventory
AND
Cuts average order fulfillment time
SO...
ALL OF THE ABOVE
9: The use of Kiva robots has also allowed Amazon to radically reduce headcount, saving the firm
additional money by cutting its workforce. - answer-false
10: In order to achieve a negative cash conversion cycle a firm would want to: - answer-Increase its
account payable period and its inventory turns.
11: Amazon reports a negative cash conversion cycle, which means it: - answer-sells goods before it has
to pay its suppliers
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