Business 470 - Study guides, Class notes & Summaries

OM 470 - Supply Chain Management - Exam 1 All Answers Correct What is a supply chain? ️All stages involved, directly or indirectly, in fulfilling a customer request Includes manufacturers, suppliers, transporters, warehouses, retailers, and customers Within each company, the supply chain includes all functions involved in fulfilling a customer request (product development, marketing, operations, distribution, finance, customer service) What is Supply Chain Management? ️Supply Cha...

Business-level strategy -:- The goal-directed actions managers take in their quest for competitive advantage when competing in a single product market Blue ocean strategy -:- Business level strategy that successfully combines differentiation and costleadership activities using value innovation to reconcile the inherent tradeoffs Cost-leadership strategy -:- Generic business strategy that seeks to create the same or similar value for customers at a lower cost Differentiation strateg...

CMIS 470 Exam 1 Review Questions and answers, rated A+ What is a project? - -A temporary endeavor undertaken to create a unique product, service, or result What are characteristics and examples of projects? - -1. Projects can be large or small 2. Can involve many people or just yourself (training an entire organization vs. rearranging your office furniture) 3. Defined by a legal contract or an informal agreement (build a house, install software on your computer) 4. Business related ...

WPC 470 Exam Questions & Answers 2023/2024 When firms are purchased in the same industry, this is known as: - ANSWER-horizontal acquisition Effectively using executive compensation as a governance mechanism is particularly challenging for firms implementing _____ strategies. - ANSWER-international By sharing resources and knowledge between units and network partners across country borders, firms learn how to create - ANSWER-synergy Which of the following criterion is most likely to...

SCM 470 Quiz 3 Graded A+ 3 Laws of Forecasting 1. aggregate (group of products) is more accurate than disaggregate (single product) 2. short term is more accurate than long term 3. forecasts are no substitute for actual demand What are the three families of forecasting methods? Judgement, causal, time series What are some disadvantages of focus groups? expensive, time consuming, biased feedback What is it called when a group of experts individually work to develop a forecast, then...

MGMT 3850 CHAPTER 13 HOMEWORK QUESTIONS AND ANSWES Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 13 Sources of Financing: Debt and Equity 1) Entrepreneurs needing between $100,000 and $3 million in the current financial environment will likely find acquiring financing to be: A) challenging. B) confusing. C) attainable. D) easy. Answer: A Diff: 2 Page Ref: 469 AACSB: Reflective Thinking Learning Obj.: 1 2) Unlike entrepreneurs of the past, today's e...

FIN 4120 Test 1 Study Guide Solutions business cycle - Ans:-Fluctuations in economic activity, such as employment and production Tracks real GDP overtime Eurocurrencies - Ans:-domestic currencies of one country on deposit in a second country Disinflation - Ans:-a general rise in prices but at a slower rate quantitative easing - Ans:-when the Fed buys longer-term government bonds or other securities in the market to stimulate economy balance of payments - Ans:-a summary statement of the fl...

MGMT 3850 CHAPTER 13 HOMEWORK QUESTIONS AND ANSWES Essentials of Entrepreneurship & Small Business Mgmt., 7e (Scarborough) Chapter 13 Sources of Financing: Debt and Equity 1) Entrepreneurs needing between $100,000 and $3 million in the current financial environment will likely find acquiring financing to be: A) challenging. B) confusing. C) attainable. D) easy. Answer: A Diff: 2 Page Ref: 469 AACSB: Reflective Thinking Learning Obj.: 1 2) Unlike entrepreneurs ...

SCM 470 Quiz 2 Complete Solutions Definition of Supply Chain Management ️is the management of the flow of goods and services. It involves the movement and storage of raw materials, of work-in-process inventory and of finished goods as well as end to end order fulfillment from point of origin to point of consumption Definition of purchasing ️buying of raw materials to fulfill business objectives in the most timely and cost effective manner Definition of operations ️the systems,...

Beechy, Trivedi, MacAulay Advanced Financial Accounting, Seventh Edition Chapter 3 Business Combinations 1) Which of the following is not a business combination? A) Statutory amalgamation B) Joint venture C) A company's purchase of 100% of another company's net assets D) A company's purchase of 80% of another company's voting shares Answer: B Page Ref: 86-88 Learning Obj.: 3.1, 3.2 Difficulty: Easy 2) Under IFRS 3, Business Combinations, which method must be used to account for busines...