Mgt 8803 - Study guides, Class notes & Summaries

Poor Supply Chain Consequence - Loss of Productivity Poor Supply Chain Consequence - Customer Complaints Poor Supply Chain Consequence - Increased costs (expediting) Poor Supply Chain Consequence - Loss of Revenue Poor Supply Chain Consequence - Damage to brand Long Term Decision - Supply Chain Strategy, Competitive

MGT 8803 SUPPLY CHAIN EXAM QUESTIONS AND ANSWERS 100% PASS Strategy can be best described as the goal directed actions to gain and sustain ___? - high performance in advancing industry capabilities - superior performance in the markets in which the firm operates - long term financial profits and economic viability - operational improvements and product advancements - the earth's environment and the well-being of the communities in which the firm operates superior performance in the market...

The management process correct answer: planning, organizing, leading, controlling planning correct answer: setting performance objectives and deciding how to achieve them organizing correct answer: arranging tasks, people, and other resources to accomplish the work leading correct answer: inspiring and motivating workers to work hard to achieve organizational goals controlling correct answer: measuring performance and taking action to ensure desired results strategy steps cor...

MGT 8803 Exam Questions and Correct Answers Latest Update 2024 (Rated A+) What are the (5) assumptions of financial accounting? - Answers 1. Separate entity 2. Unit of measurement 3. Going concern 4. Periodicity 5. Materiality What does materiality mean? - Answers The only information that needs to be disclosed in financial statements is information that will be useful for those who rely on the financial statements to make decisions. What are the qualities of financial statements? (6) -...

3 factors that effect planning of organization - CORRECT ANSWER- 1) organization level (more heirarchy better with more stability) 2) degree of uncertainty (more uncertain, shorter planning horizon) 3) length of future commitments (planning horizon should be as long as length of longest commitment by management 4 functions of management - CORRECT ANSWER- 1) planning: business goals 2) organizing: allocating resources 3) leading: coordinating and directing 4) controlling: observe and anal...

MGT 8803 Week 1 Questions and Answers 100% Pass A business owned by a single owner proprietorship A business owned by more than one owner partnership In ___ & ___, the business and the owner(s) are legally one entity - there is unlimited liability and no taxation. proprietorship and partnership What does unlimited liability mean? The obligations of the business are the same as the obligations of the owners; i.e., a bank can go after the owners if the business defaults on its loan What does ...

Responsive Supply Chain - focus on flexibility and responsive service and are able to react quickly to changing market demand and requirements; focus on flexible production and meeting changing needs of customers Efficient Supply chain - utilize strategies aimed at creating the highest cost efficiency; all about keeping costs as low as possible through high utilization, high repetition, and a high level of standardization.

MGT 8803 Exam II Study Set With Questions and Answers...

MGT 8803 - Marketing pt 1 Exam ...

MGT 8803 - marketing pt 3 Exam ...