Which of the following is a measure of performance that, if accomplished, should lead to a desired result? a. Leading indicators b. Market share indicators
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34. Which of the following is a measure of performance that, if accomplished, should lead to a desired result?
a. Leading indicators
b. Market share indicators
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- Which of the following is NOT true of a good balanced scorecard? a. It identifies all measures, whether significant or small, that help to implement strategy. b. It uses nonfinancial measures to serve as leading indicators of future financial performance. c. It helps to communicate corporate strategy to all members of the organization. d. It tells the story of a company's strategy by articulating a sequence of cause-and-effect relationships.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 PlaceTick or Circle the most appropriate response Innovation is A concept that analyses production, distribution and consumption of goods The creation of better or more effective products, processes, technology or ideas ü A computerized method of designing better products An engineering process which is cost-effective Which of the following statements is not correct? When variation is found between actual performance and required objective, managers take action KPI does mean Key performance indicator Choosing a right performance indicator is often a challenge for Managers Non-statistical method is easy way to measure and compare performances Organizational culture can affect all components except: Work practices Value of time Availability of raw material Relationships between staff and management Managers need to examine internal and external factors for risk management. External factors for risk may include all except, The economic environment Competitor’s activity…
- Direction: Read and understand each question. Write True if the statement is correct, while False if the statement is incorrect. __________1. When sales exceed the cost to produce goods its result is called forecasting. __________2. Forecasting is a planning tool that helps the entrepreneur cope with uncertainties in his future operation. __________3. Costs incurred through payment of utilities such as water and electricity are called operating expenses. __________4. Mang Selo is a fruit vendor. Selling fruits is an example of a service concern business. __________5. Loss is a result when cost to produce goods is greater than the sales.Which of the following statements is not correct? Select one: a. EFQM is a for-profit organisation. b. EFQM's mission is to stimulate and assist European organisations to engage in improvement activities that will ultimately lead to excellence in customer and employee satisfaction, social impact and business performance. c. The EFQM's mission is to support managers of European organisations in accelerating the process of making Total Quality Management a decisive factor in achieving a global competitive position. d. EFQM is the European Foundation for Quality Management.write an essay about which one of the statements you agree or disagree with regarding tomarket efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made
- 1. Jim’s boss asked him to investigate why sales for the last quarter were low. Jim interviewed one of the sales managers about the problem, and she complained that the new people didn’t know how to sell. Jim then wrote a report in which he identified the new people’s deficient skills as the problem and recommended that more training be provided for them. What errors in interpretation do you see in Jim’s report? 2. You are writing a report on the progress of your local cable company’s efforts to increase the sales of five of its products through different advertising media: print and online newspapers and magazines, television, radio, email, and social media. Plan the headings for this report and explain why you’d organize the information this way.Acme Houseware established a goal to increaseits sales by 20 percent in the next year. Toensure that the firm reaches its goal, the salesreports are monitored on a weekly basis. Whensales show a slight decline, the sales managertakes actions to correct the problem. Whichmanagement function is the manager using?a. Leadingb. Controllingc. Directingd. Organizinge. Planning20-An information system is designed specifically to implement an organizational strategy meant to provide a competitive advantage through which one or more of the following? a. Deliver a product or service that is differentiated b. All of the given options c. Deliver a product or a service at a higher cost d. Help an organization focus on a whole market
- 19. Which tool should a manager use to compare actual results with budgeted results? A.Financial performance reports B.Planned operating budget C.SWOT analysis D.Cash flow analysisQ.1.1.10 If we transform data into more meaningful measures, then this process is referred to as: (2) (1) Statistical modelling (2) Data enrichment (3) Data relevancy (4) Experimentation Q.1.1.11 Categorical data, where the categories have implied ranking, is referred to as: (2) (1) Discrete data (2) Ordinal-scaled data (3) Nominal-scaled data (4) External data Q.1.1.12 You are the CEO of a listed company. The annual financial statements published by your company would be viewed by a rival company as: (2) (1) Internal data (2) External data (3) Nominal data (4) Secondary data Q.1.1.13 Data quality is influenced by: (2) (1) The source of the data (2) The method by which the data is collected (3) The type of data collected (4) All of the other options Q.1.1.14 Data relevancy refers to the fact that data selected for analysis must be: (2) (1) Obtained online (2) Obtained using algorithms (3) Checked for errors and outliers (4) Problem specific 23; 24…in detail, write an essay about which one of the statements you agree or disagree with regarding market efficiency Manager A: “Shareholders will never know our capital budgeting decisions.” Manager B: “We cannot fool shareholders and the market. The market and shareholders will punish the company if bad capital budgeting decisions are made."