...changing marketing opportunities. A) Benchmarking B) SWOT analysis C) Market segmentation D) Strategic planning E) Diversification Answer: D AACSB: Analytical thinking Skill: Concept Objective: LO 2.1: Explain company-wide strategic planning and its four steps. Difficulty: Easy 2) Which of the following is true with regard to strategic planning? A) At the corporate level, the company starts the strategic planning process by determining what portfolio of businesses and products is best for the company. B) A strategic plan deals with a company's short-term goals. C) The focus of strategic planning is to define a game plan for long-run survival and growth. D) The strategic plan is a statement of an organization's purpose. E) Strategic planning involves identifying segments of consumers with identical preferences. Answer: C AACSB: Analytical thinking Skill: Concept Objective: LO 2.1: Explain company-wide strategic planning and its four steps. Difficulty: Moderate 3) Which of the following is the first step in strategic planning? A) setting short-term goals B) developing the business portfolio C) defining the organizational mission D) formulating the key marketing strategies E) identifying the organization's weaknesses and the threats it faces Answer: C AACSB: Analytical thinking Skill: Concept Objective: LO 2.1: Explain company-wide strategic planning and its four steps. Difficulty: Easy 4) Which of the following is NOT a step in the...
Words: 10966 - Pages: 44
...analytical information contained within it that yields insights on the company's low cost leadership. Your assignment is to fill in the table below with key values from the case that completes the Walmart financial picture. Then briefly answer the questions which follow. 1. Complete this financial snapshot comparison between Walmart and the average for the industry by filling in the shaded cells using data from the case (note that these are common-sized financials). In some instances the case data is not precise about the 1984 year, and so you will need to make reasonable assumptions about what data to use. Use only data that is in the case; there is no need to search externally for additional information. Discounting Industry Economics, 1984 | | Industry Average | Walmart | Difference(Walmart minus Industry) | Net sales | 100.0 | 100.0 | 0.0 | Cost of goods sold | 71.9 | 74% | 2.1 | Gross profit | 28.1 | 26% | -2.1 | | | | | Operating expense | 23.3 | 18% | -5.3 | Payroll expense | 11.2 | 10.2% | -1 | Advertising expense | 2.3 | 3% | 0.7 | Rental expense | 2.2 | 1.9% | -0.3 | Corporate overhead | 7.6 | 5% | -2.6 | | | | | Operating income | 5.9 | 8% | 2.1 | Assumptions: 1. Payroll expense was 11.5% in 1970 but trimmed to 10.1% in 1985, assumption of 10.2% in 1984 2. $16.3 million represented Walmart’s TV budget in 1985, assuming that $14 million in 1984 representing 50 percent...
Words: 551 - Pages: 3
...liability. B) Exchange financial assets on behalf of customers but not for their own accounts. C) Manage the portfolios of other market participants. D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants. Answer: B Comment: Financial enterprises exchange financial assets both on behalf of customers and for their own accounts. Diff: 2 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 2) Financial intermediaries include ________ that acquire the bulk of their funds by offering their liabilities to the public mostly in the form of deposits; insurance companies, pension funds, and finance companies. A) depository institutions B) utilities C) initial public offerings D) preferred equity instrument. Answer: A Diff: 1 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 3) Some nonfinancial enterprises have subsidiaries that provide financial services. These financial institutions are called ________. A) free finance companies. B) captive finance companies. C) captive investment companies. D) captive finance shares. Answer: B Comment: Some nonfinancial enterprises have subsidiaries that provide financial services. For example, many large manufacturing...
Words: 5100 - Pages: 21
...liability. B) Exchange financial assets on behalf of customers but not for their own accounts. C) Manage the portfolios of other market participants. D) Assist in the creation of financial assets for their customers, and then sell those financial assets to other market participants. Answer: B Comment: Financial enterprises exchange financial assets both on behalf of customers and for their own accounts. Diff: 2 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 2) Financial intermediaries include ________ that acquire the bulk of their funds by offering their liabilities to the public mostly in the form of deposits; insurance companies, pension funds, and finance companies. A) depository institutions B) utilities C) initial public offerings D) preferred equity instrument. Answer: A Diff: 1 Topic: 2.1 Financial Institutions Objective: 2.1 the business of financial institutions 3) Some nonfinancial enterprises have subsidiaries that provide financial services. These financial institutions are called ________. A) free finance companies. B) captive finance companies. C) captive investment companies. D) captive finance shares. Answer: B Comment: Some nonfinancial enterprises have subsidiaries that provide financial services. For example, many large manufacturing...
Words: 5099 - Pages: 21
...Cells Assessment- Second Sitting 2015-6 Watch the short video at: https://www.youtube.com/watch?v=Rpj0emEGShQ (see footnote ), then answer the following question 1. Type your answers into the boxes 1) a) What substance are the “yellow, little knobby things” called “Keys” on the virus made of? ------------------------------------------------- These are made of proteins 1.2 b) The narrator says the “keys” fit into locks”. Do eukaryotes and prokaryotes have similar “locks” and where are they found? ------------------------------------------------- 1.2 c) Specifically what type of substance are these “locks” in eukaryotes made of? ------------------------------------------------- Cell membrane. 1.2 d) “If the lock fits, the cell welcomes the virus in.” Name the transport process by which the cell takes the virus in. ------------------------------------------------- Endocytosis. 2.1 e) Name the structure in the host cell that is described as the “welcoming committee, that pulls the virus deeper into the cell” ------------------------------------------------- The cytoplasm. 1.1 f) Name the organelles...
Words: 606 - Pages: 3
...Chapter 2 ------------------------------------------------- COST BEHAVIOR and COST ESTIMATION ------------------------------------------------- LEARNING UNIT OBJECTIVES After studying Unit 2.1, you should be able to: * Identify basic cost behavior patterns and explain how changes in activity level affect total cost and unit cost. After studying Unit 2.2, you should be able to: * Estimate a cost equation from a set of cost data and predict future total cost from that equation. After studying Unit 2.3, you should be able to: * Prepare a contribution format income statement. ------------------------------------------------- PREVIEW OF CHAPTER 2 While GAAP-based income statements are required for external financial reporting, they are not very useful for internal decision making because expenses are categorized based on business function. Unit 2.1 explains why it is important for managers to understand cost behavior and how various types of costs behave. Unit 2.2 explains cost estimation and the methods of estimating costs. Unit 3 explains the contribution margin, contribution margin ratio, the contribution margin income statement, and how changes in costs affect operating income. The content and organization of this chapter are as follows: Cost Behavior and Cost Estimation | Unit 1 – Cost Behavior Patterns | Unit 2 – Cost Estimation | Unit 3 – Contribution Margin Analysis | * Variable costs * Fixed costs *...
Words: 6657 - Pages: 27
...NEW YORK UNIVERSITY Stern School of Business Economics of Global Business ANSWER KEY Version “A” Fall 2014/Macro Quiz Professor Joe Foudy Instructions 1. Read each question carefully. 2. Answer all questions. Take an educated guess if you are not sure. 3. Don’t worry and don’t panic. The test is curved and just do the best you can. 4. Please do not unstaple the exam except for scrap paper on last page. 5. Sign the Honor Pledge below or the exam will not be graded. I pledge my honor that I have not violated the NYU Stern Student Code of Conduct in the completion of this exam. X______________________________________________ Student ID# 6. Return the exam and any extra paper at the end of the exam. Re-check that your name is on it. 7. Return your calculator as well. 8. Good Luck! Name_________________________________ Section______2PM____________________ ©2014 New York University and Joe Foudy Short Answer Section (3 pts. each) Answer each question directly and concisely. 1. In a sentence or two, explain what is driving the creation of more markets where superstars win out over everyone else (Hint: from article “Why workers are Losing the War Against Machines”). Any answer that involved technology was fine for us. 2. In the article, “Productivity and Growth: What was that?”, the Economist Robert Gordon predicts future productivity will be held back by 6 headwinds. Name three...
Words: 1627 - Pages: 7
...pseudocode to define a program’s structure. Formulate solution algorithms for calculations by properly following the order of operations. Assignment Requirements Answer: * Short Answer 1, 2, 3, and 4 on page 71 * Algorithm Workbench Review Questions 1 and 2 on page 71 * Programming Exercises Questions 1 and 4, starting on page 72 Required Resources Textbook Submission Requirements Submit your written answers to your instructor at the beginning of Unit 3. Unit 2 Research Assignment 1: Researching Variable Naming Rules Learning Objectives and Outcomes Determine program input, processing, and output stages. Create the necessary flowcharts to describe a program’s structure. Use pseudocode to define a program’s structure. Formulate solution algorithms for calculations by properly following the order of operations. Assignment Requirements Use the Internet and the ITT Tech Virtual Library to research the following questions: What are the variable naming rules of Visual Basic, Python, and Java? List three similarities and differences in between the three programming languages. Required Resources Textbook ITT Tech Virtual Library: http://library.itt-tech.edu Submission Requirements Submit your written answers to your instructor at the beginning of Unit 3. Labs Unit 2 Lab 2.1: Pseudocode Learning Objectives and Outcomes * Use pseudocode to define a program’s structure. * Formulate solution algorithms for calculations by properly...
Words: 450 - Pages: 2
...utility in consumer decision making? Answer: Marginal utility is the additional utility that a consumer receives from purchasing one addition unit of a good or service. Law of diminishing marginal utility is the principle that for a given period time, the additional satisfaction experienced by consuming more of a good or service will diminish. Consumer's budget constraint determines that money that consumer can spend is limited. Thus the key to making the best consumption is to maximize utility by following the rule of equal marginal utility per dollar spent. That is why marginal utility is more useful. 4.2 Define behavioral economics. What are the three common mistakes that consumers often make? Give an example of each mistake. Answer: The study of psychology in which people make choices that do not appear to be economically rational. Three common mistakes: They take into account monetary costs but ignore nonmonetary opportunity costs. According to endowment effect, A fan who wins a ticket for Super Bowl may not be willing to sell the ticket at higher price. They fail to ignore sunk costs. A fan bought a ticket to a play, but friends invites you to a club. The fan should ignore the money spent on the ticket to make a decision. They are unrealistic about their future behavior. Some people continue smoking because they believe they could give it up in the future. Usually they won't. Ch-8 2.1 What is the difference between the short run and the long run? Is the amount...
Words: 658 - Pages: 3
...Lab 5 Nutrient Pollution – Answer Sheet The numbers in [brackets] indicate the corresponding question number in the lab notebook Exercise 2: P in the Water 18pts 1) [6.1] Fill in the data table below. (2pts) Input | Green Algae Population Size | Dissolved Oxygen (mg/L) | 1x | | | 2x | | | 3x | | | 2) [6.2] In Microsoft Excel (I’ve provided an Excel spreadsheet, but you are welcome to use the spreadsheet application of your choice: Google Sheets, OpenOffice, etc.) plot a line graph of your green algae population size data to show how green algae relate to phosphorus input levels. Think about which is the dependent and which is the independent variable. Be sure to label your axes. Copy your completed graph into the space below. (3pts) 3) [6.3] Does the relationship between green algae population size and phosphorus level indicate that phosphorus was a limiting nutrient for green algae in the lake? Explain in 4-5 sentences. (4pts) 4) [6.4] In Microsoft Excel (or spreadsheet application of your choice: see above), plot a line graph that shows how oxygen relates to phosphorus input level. Think about which is the dependent and which is the independent variable. Be sure to label your axes. Copy your completed graph into the space below. (3pts) 5) [6.5] What is the relationship between dissolved oxygen and phosphorus in the lake? State in 1-2 sentences. (2pts) 6) [6.6] Based on your two graphs, what is the relationship between green...
Words: 683 - Pages: 3
...05: (100 Marks) Chapter 1 Essay Type Questions: (15 Marks) 1.1 Answer the following questions relating to “IT at Work 1.1 - Asia-Pacific Region is PayPal‟s „Engine for Growth‟” on page 5 (8th ed). (6) 1.1.1 What factors have contributed to, or enabled, the fast growth in m-commerce?(4) 1.1.2 What might deter people from buying from their mobiles? 1.2 Answer the following questions relating to “IT at Work 1.3 - Dashboards Give Operators and Managers Access in Accurate Data” on page 11 (8th ed). (9) 1.2.1 How did feedback at the operators‟ level lead to improved performance at the organizational level? (6) 1.2.2 Why have the dashboards created a beneficial competitive environment for the operators? (3) Chapter 2 Essay Type Questions: (2) (17 Marks) 2.1 Answer the following questions relating to “IT at Work 2.1 - Integrated Trade Management System for the Energy Sector” on page 39 (8th ed). (17) 2.1.1 Which processes are being automated and why? (6) 2.1.2 Why is controlling risk important? (1) 2.1.3 Does PetroMan provide Western Petro with a competitive advantage? Explain.(4) 2.1.4 Visit http://www.sisugrp.com/petroman.htm. Why is PetroMan referred to as an enterprise information system? (6) Copyright © 2012 by John Wiley & Sons, Inc. All rights reserved. This material is reproduced with permission of John Wiley & Sons, Inc. 1 Chapter 3 Essay Type Questions: (10 Marks) 3.1 Answer the following questions relating to “IT...
Words: 855 - Pages: 4
...PT1420 Introduction to Programming Week-2 Lesson Plan TUE 6:00 PM to 10:30 PM Instructor: Tushar Patel (tspatel02@yahoo.com, tpatel@itt-tech.edu) CLASS: Topic: Unit 2: Software Program Design I Course Objectives Covered by This Unit CO2: Design programs by using flowcharts and pseudo code. CO3: Write programs that perform input, processing, and output. Unit Learning Outcomes LO8: Determine program input, processing, and output stages. LO9: Create the necessary flowcharts to describe a program’s structure. LO10: Use pseudocode to define a program’s structure. LO11: Formulate solution algorithms for calculations by properly following the order of operations. Key Concepts ▪ Determining input, process, and output ▪ Creating flowcharts and pseudocode ▪ Formulating algorithms Reading ▪ Gaddis, Chapter 2: “Introduction to Computers and Programming,” pages 29-55 Resources: • Data Projector • ITT Virtual Library • Text Books • Visual Studio • Lab Computers • Student Removable Hard Drive • VM Ware Player Methods: • Lecture • Group Discussion • Lab Work • Review exercise / Research Papers • Quiz Brief Lesson Overview: Today’s lecture we would be discussing the following topics. • Discuss how all programs basically consist of a three-step process: input, process, and output. Use the payroll calculation program...
Words: 895 - Pages: 4
...Linear Programming: Using Solver in Excel Linear Programming was conceptually developed before World War II by the outstanding Russian mathematician A.N.Kolmogorov and gained its popularity ever since the development of Simplex method by George B. Dantzig in 1947. Linear programming deals with problems of maximizing or minimizing a linear function in the presence of linear equality and/or inequality constraints. In these problems, we find the optimal, or most efficient way of using limited resources to achieve the objective of the situation. Linear Programming enables users to model large and complex problems and solve in a short amount of time by the use of effective algorithm, hence it is a powerful and widely used tool in various fields such as science, industrial engineering, financial planning and management decision making. Nowadays, with the development of technology, most of the real world Linear Programming problems are solved by computer programs. Excel Solver is a popular one. We work through different examples to demonstrate the applications of linear Programming model and the use of Excel Solver for various decision making in operation and supply chain management. Components of Linear Programming model To solve the linear programming problems, we first need to formulate the mathematical description called a mathematical model to represent the situation. Linear programming model usually consists of the following components * Decision variables: These represent...
Words: 2395 - Pages: 10
...Seema Begum Short Answer Task B – 2.1/2.2/2.3/4.1/4.2/4.3/4.4/6.1/6.2/6.3 Case Studies Task C – 5.1/5.2/5.3/5.4/5.5 Assignment 207 Understand person centred approaches in adult social care settings. Tasks Task A Information Leaflet Create an information leaflet about person-centred care, aimed at individuals who use the service and their families. The leaflet must include 1) A definition of person-centred values 2) An explanation of it is important for why social care workers to work in a way that promotes person centred values. 3) A definition of the term ‘consent’ in adult social care. 4) An explanation of why social care workers must gain the consent of the individual when they are providing care or support. 5) A description of how a social care worker might gain the consent of the individual. 6) An explanation of what the social care worker must do if they are unable to gain consent or if the individual is not able to express themselves. Task B Short answer question See 207 question booklet Task C Case studies Read the following case studies and answer the question Case study one Marcus Thompson is 18 and has learning disabilities. He is moving from children’s social care to adult social care and has to decide whether he wants to remain at home with his family or move to supported housing. You are his support worker and think he would be better off living away from his family who sometimes try to do too much for him. 1) Identify...
Words: 631 - Pages: 3
...Assets Cash 3.2 10.4 34 3.8 Short Term Investments 41.4 21.1 - - Receivables 3.6 1.8 4.2 7.1 Merchandise Inventories 37 47.2 40.5 63.8 Prepaid Expenses 3.6 1.9 1 1.4 Total Current Assets 88.8 82.4 79.7 76.1 Restricted Cash - 2.6 10.8 - Due from Affiliates - - - 15.7 Property, Plant, & Equipment 9 5.7 5.6 5 Construction in Process - 4.9 1.8 - Other Assets 2.2 4.4 2.1 3.2 Total Assets 100 100 100 100 Current Liabilities Accounts Payable 17 40.7 35.2 55 Notes Payable - - - 8 Short-Term Debt 16.8 1.8 0.7 0.3 Unearned Revenue 1.2 2.9 1.8 2.1 Accrued Expenses 1.9 13.5 13.3 16.6 Total Current Liabilities 36.9 58.9 51 82 Long-Term Debt 2.9 6.1 11.6 0.1 Convertible Bonds 27.5 - - - Unearned Revenue 1.1 1.5 1 0.9 Stockholders’ Equity Common Stock 0.1 0.2 0.2 0.1 Additional Paid-In-Capital 19.5 13.9 18.8 1.6 Retained Earnings 12 19.4 17.4 15.3 Total Equity 31.6 33.5 36.4 17 Total Liability & Equity 100 100 100 100 Net Sales 100 100 100 100 Cost of Goods Sold 77.2 74.1 75.9 77.9 Gross Profit 22.8 25.9 24.1 22.1 SG&A 17.4 16.4 15 16.4 Interest & Other Income 2.1 1.2 0.9 0.5 Interest Expense 1.5 ...
Words: 1151 - Pages: 5
