1630dest I. Multiple ChoiceDate:Direction: Choose the letter of the correct answer and write on the space providedScore:before the number.1. He developed the concept of career anchors in 1985.a. Gerald Schenb. Edgar Shin2. They do the actual selling and ensure that the products reach consumers.C. Lister Scheind. Edgar Scheina. Sales mangers3. It is focus on designing and controlling production and business operations related toproduction.a. Manager b. production managers c. marketing d. operation managementb. sales representative c. advertising managers d. Sales4. This is the most important financial decision because managers have to determine how muchof the total assets should be held or utilized by the firm and how these will be used bythe company.a. Financing decision b. investment decision c. asset d. treasurer5. It is the act of purchasing or acquiring goods and services for the company used.a. Buyers b. competitive bidding C. procurement d. cash managers6. It is a type of a buyer who purchases merchandise for resale to retailers and other firms likesupermarkets and conveniences stores.a. Competitive bidding b. whole sale c. purchasing managers d. procurement7. It will develop credit policies and monitor collection of accounts.a. Managers b. production managers c. operations mangers d. credit managers8. It involves the proper handing and maintenance of the clerical aspects of all the functionaldepartment of the organization.d. marketingb. operation management c. HRM9. It is engaged in sales forecasting, pricing analysis, and other processing.a. Finance and marketingb. Sales and marketing information systemmorthy invonlved in maior areas of financial management such as investmet, Hma. Office managementC. Human resources managementd. Information system mangers

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Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Word totals for this post should be in the 100-200-word range. Whether you agree or disagree, explain why with supporting evidence and concepts from the readings or a related experience. Include a reference, link, or citation when appropriate. 1. Select one of the external factors discussed in the text that influences business. 2. Choose a company that is being significantly influenced by the factor you selected. For example, there has been a great deal of consumer concern about the use of GMOs in food, and Monsanto has been on the receiving end of a great deal of criticism. See the article "Monsanto in the middle of upcoming congressional fight over GMO labeling" Provide a brief background on the company and the external factor you selected. • Explain how this external factor is currently influencing the internal functional areas of the business/company. In other words, what short-term changes, actions, or decisions are needing to be made within the functional, internal areas of the…
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Answer only Statement I: If more jobs are available than the number of workers in the market, there is no needto pay more.Statement II: The average compensation will most likely go down if there is an oversupply situation.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect. Statement II is correct.c. Both statements are correct.d. Both statements are incorrect. Statement I: Overhead costs can affect labor pay.Statement II: If a company's expense is high, workers cannot ask for a pay raise.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect. Statement II is correct.c. Both statements are correct.d. Both statements are incorrect Statement I: If the range of the benchmark pay survey is correct, then pay levels are createdsuccessfully.Statement II: Plotting the actual pay for people in the organization must be done before setting thepay levels.a. Statement I is correct. Statement II is incorrect.b. Statement I is incorrect.…
Directions: Read each item carefully. Write the letter of the correct answer.1. It is a management process of creating and maintaining fit between the objectives and resources of the organization and the changing marketing opportunities.A. Strategic PlanningB. StrategyC. PlanningD. Tactical Planning2. It is a unique combination of the four P’s which are product, place, promotion and pricing.A. Marketing MixB. Marketing SampleC. Marketing TechniquesD. Marketing Strategies3. Which of the following is not a strategic planning process?A. Strategy FormulationB. Defining the corporate missionC. MarketingD. Implementation4. It is the collection and interpretation of information about forces, events, and relationships that may affect the future of an organization.A. Market OpportunityB. Environmental ScanningC. Goal FormulationD. Operations Management5. It is a short range planning that emphasizes the current operations of various parts of the organization.A. Planning B. Tactical PlanningC.…
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Tect answer and write on the space provided L. He developed the concept of career anchors in 1985. a. Gerald Schen 2. They do the actual selling and ensure that the b. Edgar Shin C. Lister Schein d. Edgar Schein a. Sales m