Measureable Business Values, EXCEPT a.Improve employee experience b.Reduce human capital costs c.Increase agility and flexibility d.Reduce operational costs
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- 1. The performance measurement system should encourage each manager to act in a manner that Select one: a. most positively supports the organization's mission and competitive strategies b. increases his/her performance reward in the form of profit sharing c. reduces the need for informational elements in support of the manager's planning function d. makes the manager's units profits as high as possible 2. Engaging in product design for manufacturability reduces Select one: a. Training costs Preproduction design time Assembly time Yes Yes Yes b. Training costs Preproduction design time Assembly time No No No c. Training costs Preproduction design time Assembly time Yes Yes No d. Training costs Preproduction design time Assembly time No Yes YesIt is always better for a new start-up business to begin in a new building. Select one: True False Home-based businesses are still considered second rate to out-of-home businesses. Select one: True False What do small business incubator facilities provide? a. management advice b. long-term leases c. temporary staff d. stationery supplies Manufacturers are a type of business that must be located conveniently for consumers to be successful. Select one: True False The main attraction to entrepreneurs for a home-based business relates to financial and family lifestyle considerations. Select one: True False Supermarkets generally use a free-flow layout pattern. Select one: True False A separate space must be clearly devoted to business activities in order for the entrepreneur to claim a tax deduction. Select one: True FalseThe 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 way
- The following is NOT a benefit of Strategic Management a. Resistance to change is reduced b. Reduces gaps/overlaps in activities among employees c. Resources are optimally allocated d. Formulates a clear defect reduction plan in the quality departmentThe basic objectives or goals of an organization are derived from its a. standard operating procedures b.supervisory management strategy c.operational plans d.strategic planning process3. Provide at least two distinctive definitions of two of the following terms: • Leadership • Job satisfaction • Organizational effectiveness • Service quality • Auditor liability • Cash flow
- A SWOT analysis is used to a. Analyse the SBU's b. Determine weakness and strength of the CEO c. Find causes of failure in the business d. Analyse the marketing environment to find attractive market segments It is winter time and Tom is bare back as he shivers because of the cold temperature. He wished he had shirt so he could stop shivering as the shivers make him feel like he is dying. This scenario is an example of a _______. a. Demand b. Wish c. Want d. Need Marie, the marketing supervisor at Chin’s Retail Ltd. has been directed to study the demographic, economic, natural, technological, political, and cultural factors that are larger societal forces affecting the company. Marie has been advised to study the ______________. a. the global environment b. the microenvironment c. the macroenvironment d. the internal environmentConsidered as indicators designed to measure future performance like hours of employee training: A. Input B. Lead Measures C. Lag Measures D. Output All of the following are advantages of nonfinancial measures over financial measures, except: A. A closer link to long-term organizational strategies B. A better indicator of future financial performance C. Driver to success D. Many measures can be use1. which statement describes the relationship between operations management and information technology (IT)? a)IT enhances operations management through labor relations b) IT enables efficient operations management through the flow of information c) it controls operations management through limiting production cost d) IT controls operations management through adherence to labor standards
- 36)include internal capabilities, resources, and positive situational factors that may help the company serve its customers and achieve its objectives. Select one: a. Opportunities. b. Strengths. c. Weaknesses. d. Threats.Performance Management: What is blank? The _________ lies in offering positive feedback, recognition, and praise, along with providing growth opportunities. It also involves setting clear expectations and empowering individuals by encouraging them to take control of their own performance and development.Q1 Any activity of organization that come up with profits by providing products in the form of goods and services to customers is known as. a. Stakeholder theory b. Value maximization c. Business d. Profit maximization