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- 9- Which of the following is FALSE regarding decision making? a. It is a one-time work in the organization b. It involves the analysis of possible alternatives c. It is an ongoing process in the organization d. It involves collection of informationWhich of following is correct? (a)The value chain explains why an entity has a competitive advantage; (b) The value chain examines how an organisation has a competitive advantage; (c)It provides answers on how an organisation elects to compete; (d) It helps an entity to determine the steps to be taken beat its rivals on priceWhich of the following is an example of a poor business process in action? SELECT ONLY ONE ANSWER. A) Including business partners in company’s business processes B) Outsourcing standardized business processes such as payroll C) An organizational unit pursuing their own objectives in a silo of information D) A process cutting across functional lines for efficient collaboration
- VUCA stands for Volatility, Uncertainty, Complexity and Ambiguity.(a)Elaborate how VUCA can affect interaction between employees and customers? (b) How can (i) Inter staff relationships and (ii) Customer Relationship Management (CRM) be improved?Data analytics clearly would be efficient and practical in which of the following situations? More than one answer may be correct. a. A farm equipment manufacturer is producing a new line of machines in three separate plants and it needs to test, troubleshoot, and coordinate production processes before opening the factory lines. b. Several new drugs have been FDA approved and a regional healthcare network must finalize its decision making concerning best practices for treatment options. c. Two architectural firms merge, maintaining their individual identities and reputations while gaining financial efficiency. d. After collecting information on reader preferences for several fast-changing years, a newspaper’s marketing manager is ready to recommend that the paper retain its print edition to maintain its high profile..Multiple Choice Questions:1. CIS has several significant effects on an organization. Which of the following would not be important from an auditing perspective< a. organizational changes c. the potential for material misstatement b, the visibility of information d. none of the above; i.e. they are all important2. An important characteristic of CIS is uniformity of processing. Therefore, a risk exists that: a. Auditors will not be able to access data quickly. b. Auditors will not be able to determine if data is processed consistently. c. Erroneous processing can result in the accumulation of a great number of misstatements in a short period Which of time. d. All of the above3. Which of the following is not a risk specific to CIS environment ? a. reliance on the functioning capabilities of hardware and software. b. increased human involvement…
- Which of the following will not occur in an organization that gives managers throughout the organizations maximum freedom to make decisions? a. Individual managers regard the managers of other segments as if they are transacting with external parties.b. Two divisions of the organization having competing models that aim for the same market segments.c. Delays in securing approval for the introduction of new products.d. Greater knowledge of the marketplace and improved service to customers.S1: Batch-level activities are performed each time a batch is handled or process, considering the number of units are in a batch. S2: The costs of activities that are classified as unit-level should be proportional to the number of units produced.Both statements are correctBoth statements are incorrectOnly S1 is correctOnly S1 is incorrect There is a significant decrease in unit sales. Which of the following would be the LEAST likely action among the different departments? a. Consult…Pls help and show all work and explain everything thoroughly pls. Pls do all questions. Pls plsPlease do not give solution in image format thanku A company manufactures a specialty pollution-sensing device for the offshore oil industry. The company is considering whether to replace it with a newer model. The firm's three choices are: keep the old model design a replacement device with internal resources purchase a new design The market for these devices will be either "receptive" or "neutral" to the replacement model. The financial estimates are as follows: Keeping the old design will yield a profit of $6 million dollars. Designing the replacement internally will yield $10 million if the market is "receptive," but a $2 million loss if the market is "neutral." Acquiring the new design from the supplier will profit $4 million under "receptive," and $2 million under "neutral." The company feels that the market has a 70 percent chance of being "receptive" and a 30 percent chance of being "neutral." Draw the appropriate decision tree. Calculate the expected value for all…
- The concept of blink is defined as a person's ability to anticipate, and vision, maintain flexibility, thanks strategically, and work with others to initiate changes that will create a viable future for the organization, and is competitive advantage to the organization in this wayAn example of this process at work is the effort to introduce VOIP telephone service. Select one: a. Horizontal Marketing Strategy b. Vertical Marketing Strategy c. Beachhead Strategy d. Competitor Analysis Strategy The new technology typically differs from the old one in certain important ways. When it is first introduced, the new technology is usually superior to existing technology on key dimensions, such as quality, performance, or reliability. Select one: True FalseThe management team in a customer oriented firm should a. Micromanage activities b. Give constant feedback on issues c. Not interfere at all d. Empower the frontline staff for decision making
