Why is it good practice to standardize business practices? SELECT ALL THAT APPLY A) Policies can be enforced B) Results are more consistent C) Risks from errors can be reduced
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Why is it good practice to standardize business practices? SELECT ALL THAT APPLY
A) Policies can be enforced
B) Results are more consistent
C) Risks from errors can be reduced
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- The major role of engineering economy in decision making is: Select one: a. Data collection b. Select the best alternative c. Implementation and monitoring d. none of the above 25Application of IS Concepts to Manage a Company during a Global Pandemic With a global viral pandemic such as COVID-19 has forced governments to forbid any type of gathering of more than 10 people at one place. Administrators in some states and counties imposed lockdowns or shelter-in-place orders. Businesses have and are currently suffering from loss of customers, absence of employees in the workplace and lack of supplies from producers and distributors. Millions of people are without jobs and without paychecks to support their family. Now imagine that the CEO of Walmart ( retailer) has offered to hire a person as a consultant and asked for ideas that can help them manage their organizations. Explain how information and communication technologies have been used by some companies to continue to function while others have shut down their operations and then give some recommendations to the CEO to consider in managing the organization. Key Term Table Business model Business processes…6- Which one of the following variable, the firm can influence directly? a. Competition b. Consumers c. Store location d. Technology
- E FA/IBM536/FEB2022 O Final Assessment Test Declaratic x * Download file | iLovePDF i docs.google.com/forms/d/e/1FAlpQLSCUK7m_XQAbSDhnv-OqsBCBvKgmkwb0Q1||3Vx4wkihZP6TOA/formResponse Japan None of the above The following factors encourage the use of centralized decision making except: * Large company size Large capital investment Heterogeneous product lines High degree of technology None of the above ntdoox Final Assessment.doox a Final Assessmentpdf Final Assessmentpdf Final Assessment.docxThe following are true statements about quality systems except: a. The FDA’s quality systems regulations are highly prescriptive and subject to limited interpretation b. Senior executives have ultimate legal responsibility for the effectiveness of the company’s quality system c. Companies can implement their quality systems in a progressive manner, focusing on those elements most relevant to their stage of growth d. Quality systems can be a source of competitive advantage for a companySelect all that apply Which of the following are associated with marketing, as defined by the American Marketing Association? (Choose every correct answer.) Multiple select question. Processes used to create value for clients Institutions that facilitate the exchange of offerings that have value for customers Organizations that develop industry partnerships for international outsourcing Activities that communicate offerings that have value for society at large Institutions that implement technologies for increased production efficiency
- Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation? Q2) What do you think can be the consequences if correct managerial action is not taken on time?Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. Q1) As a senior production manager what managerial actions you should take to control the situation?Suppose you are senior production manager of a company which produces beverage (carbonated soft drinks) of all flavors. The company is operating since 10 years. You and your production team follow all of the SOP’s (Standard operating procedures) while producing the beverage. You have noticed that while producing the beverage for the 1st quarter of 2021 the artificial color added to beverage is little intensive as compare to previous productions. Artificial color used in limited proportion doesn’t not harm the health of consumers but this time it is accidentally little intensive which can have some side effects. What do you think can be the consequences if correct managerial action is not taken on time?
- 87) Which of the following is not one of the strategic measures used in the Balanced Scorecard? a) Compliance perspective b) Customer’s perspective. c) Internal business perspective d) Innovation and leaning perspectiveInternal and external analyses are dynamic. As such, managers should regularly update these analyses to incorporate changes occurring over time. True FalseE FA/IBM536/FEB2022 O Final Assessment Test Declaratic x • Download file ilovePDF pp i docs.google.com/forms/d/e/1FAlpQLSCUk7m_XQAbSDhnv-OqsBCBvKgmkwb0Q113Vx4wkihZP6TOA/formResponse The more sophisticated the level of technology, the greater the use of decision making. * Participative Centralized Decentralized Team-based None of the above