Geb 1011 business - Study guides, Class notes & Summaries

GEB 1011 Intro to business ch 1-6 Test Review Questions with Correct Answers

GEB 1011 Midterm Exam Questions and Revised Answers All Correct What five functions does an MIS do? - Answer- Collect data Store data Update data Process the date into information Present the information to users Managerial Accounting - Answer- provides managers and employees within the organization with the information needed to make decisions about a firm's financing, investing, marketing, and operating activities Financial Accounting - Answer- generates financial statements...

GEB 1011 EXAM 1 CHAPTER 1-5 Questions and Correct Solutions 2024 Profit - Answer -what remains after all business expenses have been deducted from sales revenue Business - Answer -The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs Entrepreneur - Answer -is a person who risks his or her time, effort, and money to start and operate a business. Supply Curve - Answer -graphical representation of the relationship between ...

GEB 1011 Chapter 7 Test Questions and Answers All Correct What skills do managers need to be successful? - Answer- -conceptual -technical -time managment -interpersonal -decision making How are the strategic plan, the corporate vision, and the mission statement defined for a business? - Answer- * managers use planning, goals, and objections to help achieve the corporate vision and stay on task. * top managers put together a strategic plan, or main course of action, that maps out t...

GEB 1011 EXAM 1 CHAPTER 1-5 questions and complete solution latest 2023Profit what remains after all business expenses have been deducted from sales revenue Business The organized effort of individuals to produce and sell, for a profit, the goods and services that satisfy society's needs Entrepreneur is a person who risks his or her time, effort, and money to start and operate a business. Supply Curve graphical representation of the relationship between the price of a g...