Where various acceptable alternative methods or practices exist, it is important that only the available data be used uniformly within a firm, by different firms, and to the extent practicable, by different industries False True
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- 1. For each numbered (1-10) performance measure characteristic, select the appropriate lettered (A-J) descriptor that best explains the characteristic. 1. Financial _____ A. Readily quantified 2. Internal _____ B. Monetary units 3. Mandatory _____ C. Processes and capabilities 4. Lead _____ D. Performance drivers 5. Objective _____ E. Required by regulator 6. Nonfinancial _____ F. Discretion of management 7. Subjective _____ G. Nonmonetary units 8. External _____ H. Customers and shareholders 9. Lag _____ I. Judgment based 10. Optional _____ J. Outcome resultsWhich of the following is not a question to ask to evaluate an industry? * What opportunities does the industry face? How crowded is the industry? How meager is the industry? How intense is the level of competition in the industry?As opposed to identifying opportunities and threats, identifying a company’s strengths and weaknesses in SWOT analysis can involve all but which of the following?a. Careful analysis of the company’s sustainability statementb. Analysis of the company’s code of ethicsc. Evaluation of the company’s operations, strategy, and management competenced. Review of the company’s industry and competitive environment
- In an IMS, an advantage is Select one: a. External audits should be performed only. b. Internal audits should be performed only. c. Identifies objectives and priorities to be met.{Auditing} 31. Which of the following options can be classified as the verification of the operations within the business by a specially assigned staff? a. Annual Audit b. Internal Audit c. External Audit d. Accountancyreply to this post,, Comparative systems base the measurement on comparing employees with each other and include simple rank order, alternation rank order, paired comparisons, and forced distribution. Comparative systems are easy to explain and the resulting data are easy to interpret, which facilitates administrative decisions. Simple rank order--employees are ranked from best performer to worst performer. b. Alternation rank order--in an alternation rank order procedure, the supervisor initially lists all students. Then, the supervisor selects the best performer, then the worst performer, then the second best, then the second worst, and so forth. Alternation rank order, in an alternation rank order procedure, the supervisor initially lists all students. Then, the supervisor selects the best performer, then the worst performer, then the second best, then the second worst, and so forth, alternating from the top to the bottom of the list until all students have been ranked. Paired…
- 27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A dog57. Which of the following statements about a make-or-buy decision analysis is not correct?a. Available resources should be used as efficiently as possible before outsourcing.b. The analysis should involve avoidable costs only.c. If the total relevant cost of production is less than the cost to buy the item, it should be produced inhouse.d. The decision depends on whether the company is operating at or below the normal capacity_____is one of the five basic entities with which businesses must deal. a. None of the choices are true. b. Economics. c. Marketing. d. Technology. A ________ provides information to coordinate all of the business processes that deal with customers in sales, marketing, and service to optimize revenue, customer satisfaction, and customer retention. a. DSS b. None of the choices are true c. MRP d. TQM system
- Jetaway, a small manufacturer of replacement parts forthe aircraft industry, had always maintained a simplelayout—all like machines were located together. That waythe firm could be as flexible as possible in producing small amounts of the variety of parts its customers re-quired. No one questioned the production arrangement until Chris Munnelly started to work for the company.Chris was actually hired to upgrade Jetaway’s computer system. In the process of creating a database of part rout-ings, Chris began to see similarities in the parts pro-duced. A part routing matrix for nine of the most popular parts is shown below, along with a schematic of thefactory layout.Chris, who was already tired of being a programmer,decided to reorder the matrix and see what he couldfind. If he could identify distinct part families, he couldreorganize the placement of machines into the cells hehad been reading about in his business magazines.Maybe then someone would notice his managementpotential.Help…Choose the best ans: Q: Which is not one of the common principles when implementing a balanced scorecard? Group of answer choices Align the organization to strategy. Make strategy a continual process. Place all the focus on bottom-line profit. Make strategy everyone's everyday job. Q: Customer satisfaction: Group of answer choices Is a function of how much the customer perceives they get from an exchange in relation to what they expected to get. Always guarantees profitability. Can be assumed if the company has a good record of quality. All of the above Q:If Hobby Lobby is trying to get more business by enhancing newspaper inserts and offering discounts for customers with a loyalty card, Hobby Lobby is focusing on which part of the marketing mix? Group of answer choices Product Price Promotion PlaceAll the following types of Audits except......... a. Information System b. technological c. Financial d. Operational