Describe the concepts of strategic vision (intent), mission, and goals Mission - An organization’s basic purpose and scope of operations Strategic vision – The long-term direction and strategic intent of a company Goals - A target or end that management desires to reach. Goals should be SMART - specific, measurable, attainable, relevant, time-bound Explain what a Core Competency means for an organization Core Competence – A unique skill and/or knowledge an organization possesses that gives
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1. One should ensure a comprehensive knowledge of the Core Learning Objectives, delineated in each Weeks Overview, Objectives and Weekly Activities, sub section "The Objectives" and denoted by a light blue box with a black key in it. Key areas include the following: 1. Know and briefly describe the five basic management functions. (1) Planning: Deciding what objectives to pursue and what to do to achieve those objectives. (2) Organizing: Grouping activities, assigning activities, and providing
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HYPOXIA Hypoxia results when the body lacks oxygen. Hypoxia tends to be associated with flights at altitudes. However, many other factors such as alcohol abuse, heavy smoking, & various medications interfere with the blood’s ability to carry oxygen. INDIVIDUALS PHYSIOLOGICAL ALTITUDE. Drugs. Many medications have an unexpected effect when combined with high altitudes. Never self-medicate, even w/ over the counter drugs. Alcohol. 1 ounce of alcohol can give the body a physiological altitude up
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1) Balance sheet accounts are considered to be _________. A. nominal accounts B. permanent accounts C. temporary stockholders’ accounts D. capital accounts 2) The major reporting standard for management accounts is _________. A. generally accepted accounting principles B. the Sarbanes-Oxley Act of 2002 C. the Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management D. relevance to decisions 3) H55 Company sells two products, beer and wine. Beer has a 10 percent
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Social Gospel = liberal movement within American Protestantism that attempted to apply biblical teachings to problems associated with industrialization. It took form during the latter half of the 19th cent. under the leadership of Washington Gladden and Walter Rauschenbusch, who feared the isolation of religion from the working class. They believed in social progress and the essential goodness of humanity. The views of the Social Gospel movement were given formal expression in 1908 when the Federal
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Program Overview Who Succeeds Career Paths Co-op Opportunities Resources/Links Management Information Systems (MIS) Program Overview Management Information Systems is the merging of the business world with the need for technology to succeed. While technology continues to advance and change, it is only useful in business when developed in the context of how it will be utilized. It does a company no good to bring in the latest software or create new systems if they do not increase
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services e. securing monetary resources d (Organizing to produce goods and services, moderate Reasons to study Operations Management include a. studying why people organize themselves for free enterprise b. knowing how goods and services are consumed c. understanding what human resource managers do d. learning about a costly part of the enterprise e. all of the above d (Why study OM? moderate) Which of the following is not one of The Ten Critical Decisions of Operations Management? a.
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Chapter 3 ------------------------------------------------- Job-Order Costing Solutions to Questions 3-1 By definition, manufacturing overhead consists of costs that cannot be practically traced to jobs. Therefore, if these costs are to be assigned to jobs, they must be allocated rather than traced. 3-2 The first step is to estimate the total amount of the allocation base (the denominator) that will be required for next period’s estimated level of production. The second step is to estimate the
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Section one: 10 lecture questions 1. Why did composers of early polyphony use chant as the basis for their new compositions? * Chant was believed to have originated from Gregory the Great, who received it directly from God. * C., 800 Charlemagne mandated the standardization of chant repertoire in his kingdom. * Given the long tradition, including chant in new sacred music legitimized the new composition. 2. Why is Paris an important site for the notation of polyphonic music?
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Week One Student Guide This week, you learn about the financial accounting concept of accounting for receivables. Types of receivables, notes receivable, and statement presentation and analysis are covered. The assigned readings clarify the difference between tangible and intangible assets along with distinguishing between revenue and capital expenditures, and the entries associated with each. This week, you gain insight into how companies recognize notes receivable and how the methods are
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