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BUS402005VA016_Business_quiz6 - $4.00 BUS402005VA016_Business_quiz6 - $4.00

Date added: 02/28/2014
Date modified: 02/28/2014
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Question 1  Probably the most important consideration a manufacturer has when setting the final price of its new exclusive perfume is:
  Question 2  ________ is the average markup required on all merchandise to cover the cost of items, incidental expenses, and a profit.
  Question 3  When developing a marketing approach to pricing, business owners must:
  Question 4  Which price strategy is mostly used for moving stale, outdated, damaged merchandise?
  Question 5  ________ is a technique which greatly simplifies the pricing function by setting the same price for items with similar characteristics.
  Question 6  A firm sells small-ticket items to their regular customers on customer charge accounts and then bills the customers each month. This type of credit arrangement is called:
  Question 7  A variation of geographic pricing in which the small company sells its merchandise to customers on the condition that they pay all the shipping is called:
  Question 8  ________ pricing strategy introduces a new product at a low price to gain quick acceptance and extensive distribution in a mass market.
  Question 9 In ________ pricing policy is used to introduce a relatively low-priced good into a market where no "elite segment" exists.
  Question 10  When a computer manufacturer offers its computer with software pre-installed, a printer, and Internet service, as all part of one price, the manufacturer is using a:
  Question 11  A customer who purchases a television from Ace Appliance Store and pays for it in 36 monthly payments is using:
  Question 12  When pricing products, it is important to remember that:
  Question 13  ________ tells what portion of the total revenues remains after covering variable costs to contribute toward meeting fixed expenses and earning a profit.
  Question 14  ________ is a technique in which a small firm marks down the price of a popular item below its normal price in an effort to increase customer traffic and to boost sales of other items.
  Question 15  Which of the following factors is vital to determining the effects of competition on the small firm's pricing policies?
  Question 16  An entrepreneur wants to move into international markets but can't quite figure out how to do it. He's not clear on his target market or how to approach it but he knows he needs to "go global." This entrepreneur is experiencing which barrier to international trade?
  Question 17  ________ is the primary market for U.S. franchisers.
  Question 18  The reality of "going global" is that the entrepreneur must understand the needs of the:
  Question 19  An embargo is:
  Question 20  Key to successfully establishing an international location is:
  Question 21  Of the three domestic barriers exporters face, ________ is the biggest.
  Question 22  ________ participating companies get antitrust immunity, allowing them to cooperate freely.
  Question 23  A relatively easy way of getting into international marketing, which currently handles about 10% of all U.S. exports, is through ________ who act as distributors in foreign countries for domestic companies of all sizes.
  Question 24  ________ is the exchange of goods and services for other goods and services.
  Question 25  A quota is:
  Question 26  The type of companies that are an important channel of foreign distribution for small companies just getting started in international trade or for those lacking the resources to assign their own people to foreign markets are referred to as:
  Question 27  A(n) ________ is a business that buys and sells products in a number of countries, offering a range of services–importing, exporting, shipping, distributing, and others–to their clients.
  Question 28  An American executive went to a foreign country to sign a business contract. While there, he found that there were numerous government regulations his company needed to meet before closing the deal. This executive was experiencing which barrier to international trade?
  Question 29  A ________ is a document the seller draws on the buyer, requiring the buyer to pay the face amount (the purchase price of the goods) either on sight (a sight draft) or on a specified date (a time draft) once the goods are shipped.
  Question 30  A(n) ________ is a government- or privately-owned company established in a foreign country for the purpose of buying goods made there.
 

BUS402005VA016_Business_quiz4 - $4.00 BUS402005VA016_Business_quiz4 - $4.00

Date added: 02/28/2014
Date modified: 02/28/2014
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Price 4.00 USD

Question 1 As a general rule, financial analysts suggest that a small business maintain a(n) ________ ratio of at least 2:1.
 Question 2 The profit and loss statement is also referred as the ________.
 Question 3 Dividing gross profit by net sales produces:
 Question 4 ________ are those items of value the business owns; ________ are those things the business owes.
 Question 5 The ________ ratio measures the owner's rate of return on the investment in the business.
 Question 6 ________ tell whether or not the small business will be able to meet its maturing obligations as they come due.
 Question 7 The ________ ratio is a measure of the small company's ability to pay current debts from current assets.
 Question 8 A pro forma financial statement means:
 Question 9 ________ are those things that a business owes; they represent creditors' claims against the business.
 Question 10 The ________ ratio is a conservative measure of a firm's liquidity and shows the extent to which a firm's most liquid assets cover its current liabilities.
 Question 11 ________ ratios indicate how efficiently the small firm is being managed.
 Question 12 The ________ is built on the basic accounting equation: Assets = Liabilities + Owner's Equity.
 Question 13 A ratio greater than ________ days would indicate poor collection procedures.
 Question 14 The break-even point occurs where:
 Question 15 The most meaningful basis for comparing operating ratios is:
 Question 16 When it comes to trade credit, the small business owner:
 Question 17 Which of the following items appear on a cash budget?
 Question 18 Once the owner determines an adequate minimum cash balance, what is the next step in creating a cash budget?
 Question 19 ________ typically lead(s) sales; ________ typically lag(s) sales.
 Question 20 An important source of credit information that collects information on small businesses that other reporting services ignore is:
 Question 21 Small businesses selling on credit find that:
 Question 22 The Fair Debt Collection Practices Act prohibits business owners from:
 Question 23 A bank account that technically never has funds in it but is tied to another master account so that when checks are presented for payment the master account is debited, permitting the company to use its own money during the "float" period, is called a(n):
 Question 24 The first step in managing cash more effectively is:
 Question 25 A cash budget is only as accurate as the ________ forecast from which it is derived.
 Question 26 _______ is not one of the three estimates a financial analyst suggests.
 Question 27 The cash budget is based on the ________ method of accounting.
 Question 28 Generally speaking, most small business owners tend to:
 Question 29 The "big three" of cash management include:
 Question 30 Which of the following is an effective way to trim overhead?
 

BUS402005VA016_Business_quiz3 - $4.00 BUS402005VA016_Business_quiz3 - $4.00

Date added: 02/28/2014
Date modified: 02/28/2014
Filesize: 16.66 kB
Downloads: 1
Price 4.00 USD

Question 1 The mechanics of most small business sales involve:
 
Question 2 Which of the following is a way to smooth the transition of leadership/management from the seller of a business to the buyer?
 
Question 3 An agreement between a business seller and the buyer, in which the seller agrees not to open a competing business within a specific time period and geographic area, is called a:
 
Question 4 A valuation method that is more realistic than the balance sheet because it adjusts book value to reflect actual market value is the:
 
Question 5 The valuation method that is commonly used, but tends to oversimplify the valuation process, is called:
 
Question 6 When negotiating the deal, the most important thing to remember is:
 
Question 7 The ________ approach to valuing a business uses the price-earnings ratios of similar businesses to establish the value of a company.
 
Question 8 When buying an existing business, one should remember that:
 
Question 9 The first step an entrepreneur should take when acquiring an existing business is to:
 
Question 10 The process of gathering information about the company, valuing the company, and performing a detailed review of all records, agreements, and compliance is called:
 
Question 11 Normally, when buying a business, the seller:
 
Question 12 The valuation approach that considers the value of goodwill is the:
 
Question 13 It is important to remember when assessing the financial soundness of a company that:
 
Question 14 When a buyer is reviewing a candidate company's lease arrangements, location and appearance, intangible assets, etc., he is answering what basic acquisition question?
 
Question 15 The biggest source for the best companies to buy is:
 
Question 16 A solid business plan is marked by a number of characteristics including:
 
Question 17 The ________ highlights significant financial and operational events in the company's life and should concentrate on the company's accomplishments.
 
Question 18 The C of the five Cs that is a synonym for "cash flow" is:
 
Question 19 The organization chart is described in which section of the business plan?
 
Question 20 A business plan performs a number of functions including:
 
Question 21 Investors look for which of the following when reviewing the experience of the management team of a new venture?
 
Question 22 The C of the five Cs that relates to the circumstances relating to the business, such as potential growth in the market, form of ownership, location, etc., is called:
 
Question 23 Proving that a profitable market exists involves:
 
Question 24 The ________ is the first part of the business plan. It summarizes all the relevant  of the deal, but it should be the last part written.
 
Question 25 The second essential purpose for creating a business plan is:
 
Question 26 The focus of the competitor analysis section of the business plan is to:
 
Question 27 ________ are short-term, specific targets which are attainable, measurable, and controllable.
 
Question 28 Defining the target market's potential and describing its characteristics is part of the:
 
Question 29 A business plan:
 
Question 30 Any assets pledged to the bank as security for repayment of the loan are the ________ of the five Cs.
 

MGMT 651 Production and Procurement in Aviation/Aerospace Industries Module 3 Problem Set - $8.00 MGMT 651 Production and Procurement in Aviation/Aerospace Industries Module 3 Problem Set - $8.00

Date added: 04/11/2016
Date modified: 04/11/2016
Filesize: 117 kB
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Price 8.00 USD

 

Chapter 6:

1. What relationship is there between learning curves and productivity measurement?

 2. One manufacturer has seen a typical learning percentage of 90 percent in the firm. It has recently found out that a competitor has a percentage of 85 percent. What do you think about this?

 Chapter 7:

 

3. What is a customer order decoupling point? Why is it important?

 4. It has been noted that during World War II Germany made a critical mistake by having its formidable Tiger tanks produced by locomotive manufacturers, while the less formidable U. S. Sherman tank was produced by American car manufacturers. Use the product-process matrix to explain that mistake and its likely result.

 5. Why is it that reducing the number of moves, delays, and storages in a manufacturing process is a good thing? Can they be completely eliminated?

 

 Chapter 10:

 

6. Students arrive at the Administrative Services Office at an average of one every 15 minutes, and their requests take on average 10 minutes to be processed. The service counter is staffed by only one clerk, Judy Gumshoes, who works eight hours per day. Assume Poisson arrivals and exponential service times.

 a. What percentage of time is Judy idle?

b. How much time, on average, does a student spend waiting in line?

c. How long is the (waiting) line on average?

d. What is the probability that an arriving student (just before entering the Administrative Services Office) will find at least one other student waiting in line?

 7. A cafeteria serving line has a coffee urn from which customers serve themselves. Arrivals at the urn follow a Poisson distribution at the rate of three per minute. In serving themselves, customers take about 15 seconds, exponentially distributed.

 a. How many customers would you expect to see on the average at the coffee urn?

b. How long would you expect it to take to get a cup of coffee?

c. What percentage of time is the urn being used?

d. What is the probability that three or more people are in the cafeteria?

e. If the cafeteria installs an automatic vendor that dispenses a cup of coffee at a constant time of   15 seconds, how does this change your answers to (a) and (b)?

 Chapter 11:

 

8. Describe cycle time as it relates to business processes. Why is it important to the management of business processes? How does it relate to concepts like productivity and capacity utilization?

 

9. Explain how having more work-in-process inventory can improve the efficiency of a process. How can this be bad?

 10. From your own experiences, compare the process of your favorite bricks and mortar department store and a comparable online retailer. What advantages does each have over the other for the company? How about for you, the customer?

MGMT 651 Production and Procurement in Aviation/Aerospace Industries Module 2 Problem Set - $8.00 MGMT 651 Production and Procurement in Aviation/Aerospace Industries Module 2 Problem Set - $8.00

Date added: 04/11/2016
Date modified: 04/11/2016
Filesize: 117 kB
Downloads: 0
Price 8.00 USD


Chapter 1:

 

1. As the field of OSCM has advanced, new concepts have been applied to help companies compete in number of ways, including the advertisement of firm’s products or services. One recent concept to gain the attention of companies is promoting sustainability. Discuss how you have seen the idea of sustainability used by companies to advertise their goods or services.

 

2. A manufacturing company has entered into a new contract with a major supplier of raw materials used in the manufacturing process. Under the new arrangement, called vendor managed inventory, the supplier manages its raw material inventory inside the manufacturer’s plant, and only bills the manufacturer when the manufacturer consumes the raw material. How is this likely to affect the manufacturer’s inventory turnover ratio?

 

Chapter 2:

 

3. Match the following common risks with the appropriate mitigation strategy:

 

______

Country risks

A.

Detailed tracking, alternate suppliers

______

Regulatory risks

B

Careful selection and monitoring of suppliers

______

Logistics failure

C.

Contingency planning, insurance

______

Natural disaster

D.

Good legal advice, compliance

______

Major quality failure

E.

Currency

 

4. An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 2,300 devices and took 25 workers two weeks (40 hours per week) to complete. The army contract was for 5,500 devices that were produced by 35 workers in three weeks. On which contract were the workers more productive?

 

Chapter 3:

 

5. Describe the generic product development process described in the chapter. How does the process change for technology-push products?

6. What factors must be traded off in the product development process before introducing a new product?

 

Chapter 4:

 

7. The following activities are part of a project to be scheduled using CPM:

 

Activity

Immediate Predecessor

Time (Weeks)

A

___

6

B

A

3

C

A

7

D

C

2

E

B, D

4

F

D

3

G

E, F

7

 

a. Draw the network.

b. What is the critical path?

c. How many weeks will it take to complete the project?

d. How much slack does activity B have?

 

8. For the network shown:


a. Determine the critical path and the early completion time in weeks for the project.

b. For the data shown, reduce the project completion time by three weeks. Assume a linear cost per week shortened, and show, step by step, how you arrived at your schedule.

 

Activity

Normal Time

Normal Cost

Crash Time

Crash Cost

A

5

$7,000

3

$13,000

B

10

$12,000

7

$18,000

C

8

$5,000

7

$7,000

D

6

$4,000

5

$5,000

E

7

$3,000

6

$6,000

F

4

$6,000

3

$7,000

G

4

$7,000

3

$9,000

 

 

Chapter 5:

 

9. What are some capacity balance problems faced by the following organizations or facilities?

a. An airline terminal

b. A university computing lab

c. A clothing manufacturer

 

10. Refer to Exhibit 5.6 on page 120 in your textbook. Why is it that the critical zone begins at a utilization rate of about 70 percent in a typical service operation? Draw upon your own experiences as either a customer or a server in common service establishments.

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