BUSI 490

BUSI 490: Strategic Management - Chapter 7BUSI 490: Strategic Management - Chapter 7 Annual Objectives - correct answer Essential for strategy implementation because they represent the basis for allocating resources, are a primary mechanism for evaluation managers, are the major instrument for monitoring progress toward achieving long-term objectives, and establish organizational, divisional, and departmental priorities. Avoidance - correct answer Actions such as ignoring the problem in ...

Busi 490 Ch. 11 TermsGlobal strategy - correct answer Designing, producing, and marketing products with global needs in mind, instead of solely considering individual countries. Inhwa - correct answer A South Korean term for activities that involve concern for harmony based on respect of hierarchical relationships, including obedience to authority. Reshoring - correct answer Refers to U.S. companies working offshore but planning to move some of their manufacturing back to the United States...

BUSI 490 - Chapter 9: Strategy Review, Evaluation, and ControlAdvantage (p. 283) - correct answer A way to evaluate strategies, i.e. to determine if a particular strategy creates or extends a firm's competitive superiority in a selected area of activity. Auditing (p. 295) - correct answer The accounting process that firms undertake to have their financial statements reviewed for accuracy in order to assure compliance with the law and IRS code. Balanced Scorecard (p. 291) - correct answer ...

BUSI 490 IntensiveWhat is the current ratio? - correct answer current assets/current liabilities What is the quick (acid test) ratio? - correct answer current assets - inventory/current liabilities What is the total debt ratio? - correct answer (total assets - total equity)/total assets What is the times interest earned ratio? - correct answer EBIT/interest expense What is the inventory turnover ratio? - correct answer cost of goods sold/average inventory What is day's sales in i...

BUSI 490 Final Exam, Business 490 Final

BUSI 490 CAPSTONE FINAL EXAM ANNUAL OBJECTIVES - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. COMPETITIVE ADVANTAGE - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. EMPOWERMENT - correct answer The act of strengthening employees...

BUSI 490: Capstone Liberty UniversityStrategic Management - correct answer The art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives strategy formulation - correct answer -developing a vision and mission -identifying an organization's external opportunities and threats -determining internal strengths and weaknesses -establishing long-term objectives -generating alternative strategies -choosing partic...

BUSI 490 CapstoneAnnual objectives (p. 11) - correct answer Short-term milestones, usually one year, that organizations must achieve to reach long-term targets/goals. Competitive advantage (p. 8) - correct answer Anything a firm does especially well, compared to rival firms. For example, when a firm can do something that rival firms cannot do, or owns something that rival firms desire, that can represent a competitive advantage. Empowerment (p. 15) - correct answer The act of strengthening...

BUSI 490: Capstone Exammission statement - correct answer a company's "reason for being" vision statement - correct answer FIRST step in strategic planning, answers the question "What do we want to become?" environmental scanning - correct answer the process of conducting research and gathering/assimilating external info David's 9 for mission statement - correct answer customers products/services markets (geographically) technology survival, growth, profitability philosophy ...

CapstoneBUSI 490 Final, BUSI 100 FINAL EXAM