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Business Relationship Manager Professional exam study cards(100% Accurate)
What is Portfolio Management? - ANSWERSArt & science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risks against performance. What is a Service? - ANSWERSA means of delivering value to customers by facilitating outcomes customers want to achieve. Service value is a function of: - ANSWERSUtility (fitness for purpose) and Warranty (fitness for use) And it changes over time Weill & ...
- Exam (elaborations)
- • 3 pages •
What is Portfolio Management? - ANSWERSArt & science of making decisions about investment mix and policy, matching investments to objectives, asset allocation for individuals and institutions, and balancing risks against performance. What is a Service? - ANSWERSA means of delivering value to customers by facilitating outcomes customers want to achieve. Service value is a function of: - ANSWERSUtility (fitness for purpose) and Warranty (fitness for use) And it changes over time Weill & ...
BRMP - PRACTICE STATEMENTS (Y/N) With Correct answers 100% Correct!
(IN) - Great work relationships satisfy purpose to help organizations operate indefinitely. <.> - ANSWERSY - Page 9 Organizations need Purpose <,> (IN) - Value is defined by revenue and profit. <.> - ANSWERSN - (Value is defined by so much more than just revenue, expenses, and profit. It can also come from a person having a sense of pride in a job well done, or from feeling their work has meaning.) Pg 9 Idea of Value is Evolving <,> (IN) - Strong relationships are n...
- Exam (elaborations)
- • 7 pages •
(IN) - Great work relationships satisfy purpose to help organizations operate indefinitely. <.> - ANSWERSY - Page 9 Organizations need Purpose <,> (IN) - Value is defined by revenue and profit. <.> - ANSWERSN - (Value is defined by so much more than just revenue, expenses, and profit. It can also come from a person having a sense of pride in a job well done, or from feeling their work has meaning.) Pg 9 Idea of Value is Evolving <,> (IN) - Strong relationships are n...
BRMP EXAM QAS 100% CORRECT)
House of BRM - 4 pillars (core disciplines) - ANSWERS1. Demand shaping 2. Exploring 3. Servicing 4. Value harvesting House of BRM - Roof - ANSWERSClarity of the BRM role in context of provider STRATEGY and OPERATING MODEL BRM Competencies (6) - ANSWERS1) Strategic Partnering 2) Business IQ 3) Portfolio Management 4) Provider Domain 5) Powerful Communication 6) Business Transition Management Typical BRM role - ANSWERS-sits at intersection of service provider and business partner...
- Exam (elaborations)
- • 9 pages •
House of BRM - 4 pillars (core disciplines) - ANSWERS1. Demand shaping 2. Exploring 3. Servicing 4. Value harvesting House of BRM - Roof - ANSWERSClarity of the BRM role in context of provider STRATEGY and OPERATING MODEL BRM Competencies (6) - ANSWERS1) Strategic Partnering 2) Business IQ 3) Portfolio Management 4) Provider Domain 5) Powerful Communication 6) Business Transition Management Typical BRM role - ANSWERS-sits at intersection of service provider and business partner...
BRMP Certification Study Guide 100% Accurate!!
BRM Maturity Levels (5) - ANSWERS1-Ad Hoc; 2-Order Taker; 3-Service Provider; 4-Trusted Advisor; 5-Strategic Partner BRM definition - ANSWERSBRM is a capability, discipline and role to evolve culture, build partnerships, drive value and satisfy purpose. What is a Relationship Centered Organization? - ANSWERSAn organization that gives equal focus to relationship skills and functional skills Triple Bottom Line - ANSWERSPeople - Planet - Profit Successful BRM Traits (5) - ANSWERSPlayful...
- Exam (elaborations)
- • 5 pages •
BRM Maturity Levels (5) - ANSWERS1-Ad Hoc; 2-Order Taker; 3-Service Provider; 4-Trusted Advisor; 5-Strategic Partner BRM definition - ANSWERSBRM is a capability, discipline and role to evolve culture, build partnerships, drive value and satisfy purpose. What is a Relationship Centered Organization? - ANSWERSAn organization that gives equal focus to relationship skills and functional skills Triple Bottom Line - ANSWERSPeople - Planet - Profit Successful BRM Traits (5) - ANSWERSPlayful...
BRMP Certification Exam 2024(100% Accurate)
Business Relationship Manager - ANSWERSA role that serves as the strategic interface between a Provider, and one or more Business Partners to stimulate, surface and shape business demand for the Provider's products and services and ensure that the potential business value from those products and services is captured, realized, optimized and recognized. Three Perspectives of BRM - ANSWERS- Role (duties and responsibilities) - Discipline (skills, capabilities and knowledge) - Organization ...
- Exam (elaborations)
- • 10 pages •
Business Relationship Manager - ANSWERSA role that serves as the strategic interface between a Provider, and one or more Business Partners to stimulate, surface and shape business demand for the Provider's products and services and ensure that the potential business value from those products and services is captured, realized, optimized and recognized. Three Perspectives of BRM - ANSWERS- Role (duties and responsibilities) - Discipline (skills, capabilities and knowledge) - Organization ...
ACC 241 Exam 1(100% Accurate)
The risk that the client's financial statements may be materially false and misleading is referred to as the information risk. - ANSWERSinformation risk. The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of Generally accepted auditing standards, which include the concept of materiality. Generally accepted accounting principles. - ANSWERSGenerally accepted accounti...
- Exam (elaborations)
- • 5 pages •
The risk that the client's financial statements may be materially false and misleading is referred to as the information risk. - ANSWERSinformation risk. The auditor's judgment concerning the overall fairness of the presentation of financial position, results of operations, and cash flows is applied within the framework of Generally accepted auditing standards, which include the concept of materiality. Generally accepted accounting principles. - ANSWERSGenerally accepted accounti...
Acc 241 exam 1 3-4 Questions & Answers 100% Correct!!
process costing - ANSWERSmass production of identical products, produced with uniform steps or processes, averages costs across all units produced (cereal or light bulbs) job costing - ANSWERSunique custom order products, small batches of different products, professional services, orders, batches and client engagements are jobs, costs for each job are accumulated (commercial buildings) inventory flow - ANSWERSraw materials to work-in-process to finished goods/ or COGS when the items are so...
- Exam (elaborations)
- • 4 pages •
process costing - ANSWERSmass production of identical products, produced with uniform steps or processes, averages costs across all units produced (cereal or light bulbs) job costing - ANSWERSunique custom order products, small batches of different products, professional services, orders, batches and client engagements are jobs, costs for each job are accumulated (commercial buildings) inventory flow - ANSWERSraw materials to work-in-process to finished goods/ or COGS when the items are so...
ACC 241 exam 2(100% Accurate)
variable costs - ANSWERSchange in total in direct proportion to changes in volume mixed costs per unit decrease as decrease as volume increases but - ANSWERSnot in direct proportion to chances in volume - because mixed costs contain both fixed cost and variable cost components, they behave differently contribution margin ratio - ANSWERScontribution margin / sales revenue operating leverage - ANSWERStells how responsive a company's operating income is to changes in volume - grea...
- Exam (elaborations)
- • 2 pages •
variable costs - ANSWERSchange in total in direct proportion to changes in volume mixed costs per unit decrease as decrease as volume increases but - ANSWERSnot in direct proportion to chances in volume - because mixed costs contain both fixed cost and variable cost components, they behave differently contribution margin ratio - ANSWERScontribution margin / sales revenue operating leverage - ANSWERStells how responsive a company's operating income is to changes in volume - grea...
ACC 241 Exam 1(100% Accurate)
Planning, directing, and controlling are a manager's three primary responsibilities - ANSWERSTrue In the manufacturing firm, manufacturing costs and product costs are the same - ANSWERSTrue If the finished goods inventory decreases between the beginning and the end of a period, then the cost of goods manufactured for the period is larger than the cost of goods sold - ANSWERSFalse A plant-wide overhead rate is calculated by dividing the estimated total manufacturing overhead costs for...
- Exam (elaborations)
- • 6 pages •
Planning, directing, and controlling are a manager's three primary responsibilities - ANSWERSTrue In the manufacturing firm, manufacturing costs and product costs are the same - ANSWERSTrue If the finished goods inventory decreases between the beginning and the end of a period, then the cost of goods manufactured for the period is larger than the cost of goods sold - ANSWERSFalse A plant-wide overhead rate is calculated by dividing the estimated total manufacturing overhead costs for...
Acc 241 exam 1 QAS 100% SOLVED!!
Finished Goods Beginning Inventory - ANSWERSCost of Goods Sold + Finished Goods Inventory (ending) - Cost of Goods manufactured Cost of Goods Sold (Manufacturer) - ANSWERSBI+COGMS-EFI + Beginning finished goods inventory + Cost of goods manufactured = Cost of goods available for sale - Ending finished goods inventory = Cost of goods sold Cost of Goods manufactured (manufacturer) - ANSWERSbi + mfg costs-ending work in process invetory + Beginning work in process inventory + Dir...
- Exam (elaborations)
- • 4 pages •
Finished Goods Beginning Inventory - ANSWERSCost of Goods Sold + Finished Goods Inventory (ending) - Cost of Goods manufactured Cost of Goods Sold (Manufacturer) - ANSWERSBI+COGMS-EFI + Beginning finished goods inventory + Cost of goods manufactured = Cost of goods available for sale - Ending finished goods inventory = Cost of goods sold Cost of Goods manufactured (manufacturer) - ANSWERSbi + mfg costs-ending work in process invetory + Beginning work in process inventory + Dir...
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