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COB 300 Management Exam 1 Questions & Answers 2024/2025
COB 300 Management Exam 1 Questions & Answers 2024/2025 
 
 
Management - ANSWERSprocess of using organizational resources efficiently and effectively to achieve organizational goals through people 
 
Effectiveness - ANSWERSproducing desired goal that customers value 
 
Efficiency - ANSWERSproducing without waste 
using minimal resources 
 
Planning - ANSWERScentral function of management that involves setting goals and figuring out ways to reach them 
 
looks to the future 
 
Example of Plannin...
- Exam (elaborations)
- • 20 pages •
COB 300 Management Exam 1 Questions & Answers 2024/2025 
 
 
Management - ANSWERSprocess of using organizational resources efficiently and effectively to achieve organizational goals through people 
 
Effectiveness - ANSWERSproducing desired goal that customers value 
 
Efficiency - ANSWERSproducing without waste 
using minimal resources 
 
Planning - ANSWERScentral function of management that involves setting goals and figuring out ways to reach them 
 
looks to the future 
 
Example of Plannin...
COB 2024 Exam 1 Questions & Answers 100% CORRECT
COB 2024 Exam 1 Questions & Answers 100% CORRECT
- Exam (elaborations)
- • 3 pages •
COB 2024 Exam 1 Questions & Answers 100% CORRECT
COB 241 Final Exam Questions & Answers 2024/2025
COB 241 Final Exam Questions & Answers 2024/2025 
 
 
What is the accounting equation - ANSWERSAssets= Liabilities + Equity 
 
What is an income statement and what is included on it - ANSWERS-reports operations for a period of time 
- Revenue-expenses= net income 
-closed to retained earnings at the end of the year 
 
What is on the Statement of Stockholder's equity - ANSWERSBeginning Common stock 
+Common Stock Issued 
=Ending Common Stock 
 
Beginning Retained Earnings 
+Net income 
-Divid...
- Exam (elaborations)
- • 16 pages •
COB 241 Final Exam Questions & Answers 2024/2025 
 
 
What is the accounting equation - ANSWERSAssets= Liabilities + Equity 
 
What is an income statement and what is included on it - ANSWERS-reports operations for a period of time 
- Revenue-expenses= net income 
-closed to retained earnings at the end of the year 
 
What is on the Statement of Stockholder's equity - ANSWERSBeginning Common stock 
+Common Stock Issued 
=Ending Common Stock 
 
Beginning Retained Earnings 
+Net income 
-Divid...
COB 191 Exam 1 Questions & Answers 2024/2025
COB 191 Exam 1 Questions & Answers 2024/2025 
 
 
data - ANSWERSvalues assigned to measurements 
 
primary data - ANSWERSadv: collected and orgainzed by user 
dis: expensive and time consuming 
 
secondary data - ANSWERSadv: readily available 
dis: no control over organization and accuracy 
 
nominal data - ANSWERS-arbitrary labels 
-no ranking 
-name/label 
 
ordinal data - ANSWERS-ranking exists 
-no measurable meaning to numerical differences 
-order/choices 
 
interval data - ANSWERS-meanin...
- Exam (elaborations)
- • 9 pages •
COB 191 Exam 1 Questions & Answers 2024/2025 
 
 
data - ANSWERSvalues assigned to measurements 
 
primary data - ANSWERSadv: collected and orgainzed by user 
dis: expensive and time consuming 
 
secondary data - ANSWERSadv: readily available 
dis: no control over organization and accuracy 
 
nominal data - ANSWERS-arbitrary labels 
-no ranking 
-name/label 
 
ordinal data - ANSWERS-ranking exists 
-no measurable meaning to numerical differences 
-order/choices 
 
interval data - ANSWERS-meanin...
COB 300 Operations Exam 1 Questions & Answers 2024/2025
COB 300 Operations Exam 1 Questions & Answers 2024/2025 
 
 
service package - ANSWERSa bundle of goods and services that is provided in some environment 
 
five features of a service package - ANSWERSsupporting facility, facilitating goods, information, explicit services, implicit services 
 
customer contact - ANSWERSthe physical presence of the customer in the system 
 
Creation of the service - ANSWERSthe work process involved in providing the service itself 
 
extent of contact - ANSWERSthe...
- Exam (elaborations)
- • 11 pages •
COB 300 Operations Exam 1 Questions & Answers 2024/2025 
 
 
service package - ANSWERSa bundle of goods and services that is provided in some environment 
 
five features of a service package - ANSWERSsupporting facility, facilitating goods, information, explicit services, implicit services 
 
customer contact - ANSWERSthe physical presence of the customer in the system 
 
Creation of the service - ANSWERSthe work process involved in providing the service itself 
 
extent of contact - ANSWERSthe...
COB 191 Final Exam Questions with 100% Correct Answers 2024/2025
COB 191 Final Exam Questions with 100% Correct Answers 2024/2025 
 
 
statistics - ANSWERSmathematical science that deals with the collection, analysis, and presentation of data, which can then be used as a basis for the inference and induction 
 
how business use statistics - ANSWERSmarketing research, advertising, operations, and finance & economics 
 
data - ANSWERSvalues assigned to observations or measurements 
 
information - ANSWERSdata that are transformed into useful facts that can be u...
- Exam (elaborations)
- • 8 pages •
COB 191 Final Exam Questions with 100% Correct Answers 2024/2025 
 
 
statistics - ANSWERSmathematical science that deals with the collection, analysis, and presentation of data, which can then be used as a basis for the inference and induction 
 
how business use statistics - ANSWERSmarketing research, advertising, operations, and finance & economics 
 
data - ANSWERSvalues assigned to observations or measurements 
 
information - ANSWERSdata that are transformed into useful facts that can be u...
Cob test questions 2024 with 100% correct answers 2024/2025
Cob test questions 2024 with 100% correct answers 2024/2025 
 
 
From the following list, select all of the items that were discussed in class as valuable data assets. Unauthorized disclosure of these assets could create serious risks for an individual or organization. 
 Social Security Number 
 Credit card number 
 Phone number 
 Bank account number 
 Health care information 
 Your name 
 Intellectual property 
 Passwords - ANSWERSSocial Security Number 
 Credit card number 
 Bank acco...
- Exam (elaborations)
- • 43 pages •
Cob test questions 2024 with 100% correct answers 2024/2025 
 
 
From the following list, select all of the items that were discussed in class as valuable data assets. Unauthorized disclosure of these assets could create serious risks for an individual or organization. 
 Social Security Number 
 Credit card number 
 Phone number 
 Bank account number 
 Health care information 
 Your name 
 Intellectual property 
 Passwords - ANSWERSSocial Security Number 
 Credit card number 
 Bank acco...
COB 242 final exam questions & answers 2024/2025
COB 242 final exam questions & answers 2024/2025 
 
 
what is the purpose of managerial accounting? - ANSWERSprovides info for decision making, assists managers in directing operations, measure performance 
 
direct labor - ANSWERScost of salaries, wages, and fringe benefits for people who work directly on the product 
 
direct material - ANSWERScost of raw material that can be conveniently traced to the finished product 
 
manufacturing overhead - ANSWERSmade up of indirect material, indirect l...
- Exam (elaborations)
- • 7 pages •
COB 242 final exam questions & answers 2024/2025 
 
 
what is the purpose of managerial accounting? - ANSWERSprovides info for decision making, assists managers in directing operations, measure performance 
 
direct labor - ANSWERScost of salaries, wages, and fringe benefits for people who work directly on the product 
 
direct material - ANSWERScost of raw material that can be conveniently traced to the finished product 
 
manufacturing overhead - ANSWERSmade up of indirect material, indirect l...
COB 202 Exam 1 Questions & Answers 2024/2025
COB 202 Exam 1 Questions & Answers 2024/2025 
 
 
Organizational Behavior - ANSWERSthe study of human behavior in organizations 
 
Independent Variable - ANSWERSpresumed causes 
 
Dependent Variable - ANSWERSoutcomes of practical value and interest 
 
Contingency Thinking - ANSWERSrecognizing the behavior and practices that must be tailored to fit the exact nature of each situation 
 
Evidence-Based Management - ANSWERSmaking decisions on hard facts 
 
Stakeholders - ANSWERSPeople, groups, and i...
- Exam (elaborations)
- • 11 pages •
COB 202 Exam 1 Questions & Answers 2024/2025 
 
 
Organizational Behavior - ANSWERSthe study of human behavior in organizations 
 
Independent Variable - ANSWERSpresumed causes 
 
Dependent Variable - ANSWERSoutcomes of practical value and interest 
 
Contingency Thinking - ANSWERSrecognizing the behavior and practices that must be tailored to fit the exact nature of each situation 
 
Evidence-Based Management - ANSWERSmaking decisions on hard facts 
 
Stakeholders - ANSWERSPeople, groups, and i...
COB FINAL EXAM STUDY QUESTIONS & ANSWERS 2024/2025
COB FINAL EXAM STUDY QUESTIONS & ANSWERS 2024/2025 
 
 
__________ is what the customer is willing to pay. - ANSWERSValue 
 
Imagine that you own a manufacturing shop. You've discovered that recently there has been an overproduction of a key ingredient in your main business process so you plan to "shop around" for the best price. Based on the model presented in the question above, this situation is known as _________________. - ANSWERSbargaining power of customers 
 
One of your classma...
- Exam (elaborations)
- • 17 pages •
COB FINAL EXAM STUDY QUESTIONS & ANSWERS 2024/2025 
 
 
__________ is what the customer is willing to pay. - ANSWERSValue 
 
Imagine that you own a manufacturing shop. You've discovered that recently there has been an overproduction of a key ingredient in your main business process so you plan to "shop around" for the best price. Based on the model presented in the question above, this situation is known as _________________. - ANSWERSbargaining power of customers 
 
One of your classma...
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ECON 2020 Exam 4 (Finck, Auburn University)
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