B) competitive advantage D) to actually see the sequence of suppliers that contribute to a product Internal impacts The internal factors refer to anything within the company and under the control of the company no matter they are tangible or intangible. A) Control of the supply chain influences the work processes and levels of performance through a set of accepted norms. True or False, A firm can be said to have competitive advantage when it has access to resources that others do not. B) motivation and passion for her career A) overemphasis on paperwork B) He expects assignments to be done according to the directions given. E) Survival. This overzealousness can manifest in a number of ways, such as: In any case, youll be wasting a ton of manpower, time, and money for minimal results. Even though she seems successful, which time management mistake may Olivia be making? D) financial perspective, 23) Surveys of employee satisfaction is an example of a balanced-scorecard measure of the: a mechanistic approach to organizing is used Firms should do all of these things to balance the conflicting demands of being agile in a dynamic environment EXCEPT: Create a culture of complacency to counter the dynamic environment Use good change management processes Identify communication needs B) number of on-time deliveries Which of the following more closely aligns with a job versus a career? D) "Whatever my next job is, please make it with a manager who cares about his employees and not just the bottom line." b. hundred thousands, Solve the equation or formula for the variable indicated. D) His action is wrong, because if everyone were to do this, the concept of personal property is defeated. D) statistical process control. A) a strategic map D) The Internet enables the production or sales of substitute products or services. Values, beliefs, and attitudes are psychological influences on the consumer purchase decision process. D) CTO. E) analysis. C) Because national economies are more interconnected, if one takes a downturn all take a downturn. Tre'quon's supervisor noticed that he was struggling with the computerized setup for production runs at his new job. D) customers. E) safe harbor, _______ grants the owner exclusive ownership of the ideas behind an invention for 20 years. The principal liaison between the information systems groups and the rest of the organization is a(n): Check out our favorites, Some of the best case studies to improve your knowledge base. B) daily. (Note that organizations may use multiple methodologies for various purposes at different times and sometimes even simultaneously.). A) In digital firms, time shifting and space shifting are the norm. The SMART methodology is effective here, as it leads you to set goals that are Specific, Measurable, Attainable, Relevant, and Time-Based. C) external audit. D) control chart These types of regulations influence every process of the HR department, including hiring, training, compensation, termination, and much more. C) global suppliers. What would be good advice for her? A) e-mail encryption. C) Satellite radio D) efficient. Data is information that has been shaped into a form that is meaningful to human beings. The company has overcome which of the following barriers to success of control systems? A) capturing. In the beginning M&Ms were all brown; more recently they were produced in red, green, blue, orange, brown, and yellow. Role Perception 5. B) Improved decision making B) transmit orders to restock directly to its suppliers. A) low-cost leadership, substitute products and services, customers; and suppliers. C) MIS B) 1 and 2 C) decentralized The four major competitive strategies are: C) allowing operational employees to interact with management. As more and more stakeholders increasingly show interest in pollution and environmental degradation and the major impacts on the economic activities of organizations, it has become a necessity for organizations to move towards adopting sustainable business development. Political (Citizen) Involvement. B) tactical E) too much control, Recruiters for Eastern Shore University were under extreme pressure to increase enrollment by 15 percent. ________ is defined as monitoring performance, comparing it with goals, and taking corrective action as needed. The Theory of Constraints is all about identifying the root cause of a performance issue then working relentlessly to remove this main problem for good. Which of the following is not a U.S. federal law affecting private institutions? B) Behavioral targeting program No matter how talented your employees are, their productivity is subject to the processes and workflows they must adhere to throughout their day. 1. For one, its just easier to jump back into a process when only one part of the plan isnt going well. How would you describe King Power and Light's control system? In many cases, your team may have simply gotten used to the way we do things around here and might never give a second thought to how much better things could be. A) unrealistic standards. B) percentage of processes with advanced controls C) on the ISP's servers. E) presenting data in understandable terms. Ability 4. 25) To further company strategy, measures on the balanced scorecard would most likely include: One thing All Round did was count the number of products sold and units produced. D) variable B) economic value added A) standardized B) financial health and financial stability. That said, you ultimately want to get to a point where everyone is naturallyoperating to their highest capacity. True or False. As mentioned, standardizing your core processes will eventually make these processes second nature to your team. ", B) "I was able to learn from this experience. D) the growth of globalization. C) A business firm is a collection of business processes. Feb. 24, 2023 - As Industry works through the onboarding and configuration processes in the National Background Investigation Services (NBIS) system, the DCSA NBIS Industry Onboarding Team would like to remind users to refrain from taking any subject management actions in NBIS, to include creating a subject's profile or initiating cases, until notification is provided that these actions can . C) software information systems that integrate all aspects of business, helping managers stay on top of the latest developments. B) Today, most firms are fully digital. Analyze employee performance data, collect feedback from them, and simply observe them to determine whether or not your documentation matches reality. B) CFO New products, services, and business models A) He asks to be copied on everything regardless of what it is. D) Digital firms sense and respond to their environments more rapidly than traditional firms. D) Strategic systems analysis E) Enabling inventory and supply chain management, Enabling business functions and departments to share information, ________ prohibits an organization from collecting any personal information unless the individual specifically takes action to approve information collection and use. This problem is typical of ________ control. D) Align processes with goals. E) A clothes manufacturer expanding its offerings to new styles. C) human resources A) Increasing speed of communicating Internal risks are faced by a company from within its organization and arise during the normal operations of the company. C) The Internet She is engaged in. E) Knowledge workers, A key word in social business is "conversations." Internal Environment Definition: Internal environment is a component of the business environment, which is composed of various elements present inside the organization, that can affect or can be affected with, the choices, activities and decisions of the organization. D) taking corrective action E) Zero-based control. An organization has sound political, social and legal environment. E) budget, Why is it important for management to use a balanced scorecard? D) to establish the normal or desired performance with upper and lower limits B) the distinction between an idea and its expression. D) an increase in operating income from increased profit margins, 26) Managers need to evaluate the success of a strategy by: D) insufficient management attention. B) timely, accurate, and objective C) access. A) Relational E) costs, tasks, structure, and management. When your team does get thrown off course, though, youll be better equipped to handle the ordeal whether formally or informally. B) overemphasis on paperwork D) incremental C) It is effective in ensuring that performance standards are being met. D) people orientation and improvement orientation. Which of the following is a step in the control process? The Theory of Constraints also holds that fixing downstream issues before attacking this root cause is pointless, as the problem will simply manifest in a different way somewhere down the line. Measuring and evaluating performances. A) 1 only C) anonymous email. D) crafting a course of action. A) Sales and marketing 3. Internal Factors Organizations have control over the internal factors that affect their recruitment functions. E) oversees the company's security policy. C) Because national economies are more interconnected, if one takes a downturn all take a downturn. C) quality improvement, training, and customer satisfaction. D) evaluating the level of bonus compensation, Section 14: Special Requirements for TX Comme, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Don Herrmann, J. David Spiceland, Wayne Thomas, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Financial Management, Concise Edition, Strategic Management Test Two Chapters Four,. D) Airline Economic Conditions - One of the biggest external influences is . E) achieve low-cost leadership. B) Take a learning orientation approach which engages in self-development. will have a direct impact on their overall experience with your brand. (Incidentally, these issues are likely impacting many other areas of your organization, as well.). B) direct This is why continually improving your business internal processes is one of the most beneficial things you can do for your organization. Ideally, youll already have created process documentation for your current processes in clear detail. E) Secondary activities, Malicious software that is installed secretly on your computer by other applications and that tracks your online movements is called spyware. E) decide. In short, an internal business process is anything your business does. A sales forecast is an example of an organizational control from the ________ area. Monitoring performance to ensure that day-to-day goals are being implemented and taking corrective action as needed is known as ________ control. E) making changes, How is a control chart used? B) uses Internet technology to maintain a virtual storefront. E) functional, ________ control is an approach to organizational control that is characterized by informal and organic structural arrangements. C) A bookseller selling an e-book reader that reads only the bookseller's books. The principles of agile software development have also been applied to the world of business process improvement. E) substitute products. A) operating income This organization has overcome the control system barrier of E) to quantify the performance level for a given goal, D) to establish the normal or desired performance with upper and lower limits. E) They require controls at many different points. Computers and programs are the only things required to produce the information an organization needs. So, even if a given improvement doesnt bring in more revenues, youll still be making more money in time. Regarding auditor remuneration, a self-interest threat to professional competence and due care is created if: A gift from a client is accepted. TQM is a comprehensive approach dedicated to continuous A) the flattening of economic and cultural advantages of developed countries. Motivation 2. E) violation of a monopoly on the ideas behind a product. C) "I am so glad that job is over. C) apply B) Gramm-Leach-Bliley Act A) They cannot hold inventory. The enormous volume of data generated by Internet activity, such as web traffic, email, and social media is referred to as: No matter the scope, though, the keys to successful implementation are to equip and enable your team members, and to facilitate engagement and growth throughout your organization. D) Day-to-day processes of production C) the reduction in travel times and the ubiquity of global exchange and travel. A) New products and services B) customer perspective The supervisor observed him while he tried it again and gave suggestions for improvement. One of the most popular candies in the United States is M&Ms, which are produced by the Mars Company. A business process is a series of inter-connected tasks performed for a specific purpose. A) market share A) COPPA E) "Have you ever wished that you could just erase a line from your rsum? B) They are discovering irregularities and errors. These risks can be forecasted with some reliability, and therefore, a. C) IoT. 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