D) expense budget. E) There is no distinction, they are the same thing. B) market B. Enterprise environmental factors refer to both internal and external environmental factors that surround or influence a project's success. B) assembling the product. C) They offer services that are highly perishable. 120 seconds. Before the fall term began, professors at Pinetops Community College were required to fill out numerous forms, including performance objectives, surveys, and lists of their summer contacts with prospective students. 20 Questions Show answers. D) Continuous improvement All of the following statements are true about information technology's impact on business firms except: In ________, raw data is systematically acquired and transformed during various stages that add value to that information. Despite their variations, each methodology adheres to the principles of lean operations: While the methodologies discussed above differ in many ways, you probably noticed some considerable overlap between them. A) "My time there was time wasted. Your customers will benefit from the many behind-the-scenes improvements youll make over time, too. E) presenting data in understandable terms. True or False. B) market The idea is that this more quantitative stance will lead to more consistent performance, which in turn leads to more stable and predictable results. D) They are providing performance feedback. A) informational A) number of process improvements D) financial control cost systems B) fewer suppliers. D) the total salon services and products sold. If your main supplier was late in delivering goods, which type of system would you use to update your production schedule? If he finds any, he makes adjustments to various pieces of equipment in his area. IT governance refers to the overall decision-making that guides the IT strategy of a firm. B) new market entrants. E) They are decentralizing decision making. B) customer perspective A) He asks to be copied on everything regardless of what it is. C) Compare performance to standards. C) A business firm is a collection of business processes. E) randomly. Healthy eating habits C. Adolescent daughters of mothers who are employed hold more traditional gender role attitudes. A firm can exercise greater control over its suppliers by having: Economic Conditions - One of the biggest external influences is . C) submitting the order. The principal liaison between the information systems groups and the rest of the organization is a(n): Which of the five moral dimensions of the information age do the central business activities of DoubleClick involve? But there are a few steps between improving business processes and improving business performance that are worth calling attention to. D) cost reductions, 12) Measures of the balanced scorecard's customer perspective include: C) IoT. a. A) too much control. C) human resources 18) Which of the following is NOT true of a good balanced scorecard? C) number of new customers Q4 and FY 2022 Gross Merchandise Value Increased Year-Over-Year 13% and 23%, respectively Q4 and FY 2022 Total Revenue Increased Year-Over-Year 10% and 29%, respectively Cash & Ca E) fine-tune merchandise availability. C) allows easy comparison of different departments doing different activities. B) simplify the industry value chain. On top of achieving immediate results, this also opens the door for even more powerful improvements at every step. Six Sigma focuses heavily on data at all stages of the improvement process. D) ERP, SCM, CRM, and KMS. Recently productivity has been declining globally. E) achieve low-cost leadership. B) Best practices In fact, 84% of teams surveyed by Camunda in 2020 plan on investing more into automation technology for those specific purposes. D) customer-retention percentage, 17) Measures of the balanced scorecard's learning-and-growth perspective include all of the following EXCEPT: A) structural A) A safe harbor C) using the graphical elements of another product. B) They develop personal relationships. b. D) to actually see the sequence of suppliers that contribute to a product C) It is temporary and in service of someone else. A) providing better reporting facilities. C) Survival D) FIP B) identifying the stakeholders. C) overemphasis on means instead of ends A ________ pulls data in real time from software and displays it in easy-to-read graphics. E) statistical process control. A) Increasing speed of communicating True or False, An ESS supports which of the following? C) translating the mission into strategic goals. Enright Industrial Leasing has effective control processes, allowing its managers to discover ________ in bookkeeping right away, before a would-be embezzler could seriously affect its business. D) fixed budget. True or Fale, Which of the following substitute products would be of most concern for a cable TV distributor? A) overemphasis on one instead of multiple approaches 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. SAN CARLOS, Calif., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Iovance Biotherapeutics, Inc. (NASDAQ: IOVA), a late-stage biotechnology company developing novel T cell-based cancer immunot The factors are: 1. D) Day-to-day processes of production B) human resources Global firms can collaborate from different locations at the same time using synchronous collaboration tools. B) customer satisfaction Without adhering to such regulations a company can be fined extensively which if it was bad enough could cause the company to shut down. B) A restaurant chain analyzing local sales figures to determine which menu items to serve. 20) The return-on-investment ratio is an example of a balanced-scorecard measure of the: D) efficiency Making information available to everyone. A) Automotive In the beginning M&Ms were all brown; more recently they were produced in red, green, blue, orange, brown, and yellow. D) Business processes are usually ensconced in an organization's culture. How would you describe King Power and Light's control system? B) fixed Organizations moving towards adopting sustainable business development has become a necessity. 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. Shareholders and owners. B) creating educational opportunities for management. E) CKO, According to ________, you should take the action that produces the least harm. B) shows how their work contributes to organizational effectiveness. B) customer perspective A) It belongs to you and lasts a lifetime. D) financial perspective, Stewart Corporation plans to grow by offering a sound system, the SS3000, that is superior and unique from the competition. True or False, The use of computers to assemble data from different sources to create digital dossiers of detailed information about individuals is known as which of the following? Tactical control is performed mainly by All of the following are true about these factors EXCEPT: answer choices. B) Human resources E) enabling the development of new services. E) Small retailer, Any intellectual work product that isn't based on public knowledge can be classed as a trade secret. Which of the following is a primary function of management? In others, improvements made to other processes may incidentally lead to better cross-team collaboration, overall. Learn how Brixly instantly achieved a positive ROI after introducing Helpjuice to their customer service processes. Now, you can begin working with your team to create an improvement plan and put it into action. E) Survival. It is a term used to describe the pattern of human activities. C) income statement. Several characteristics unique to our personalities can affect how we see others. But, even those that have been formalized through standard operating procedures should still be looked at a bit more closely. A) zero-based Which of the following is a private corporate network extended to authorized users outside the organization? A) product differentiation D) Customer intimacy The internal environment. Stewart believes that putting additional resources into R&D and staying ahead of the competition with technological innovations is critical to implementing its strategy. E) Computer Matching and Privacy Protection Act, Computer Matching and Privacy Protection Act, Gaining unapproved access to a computer is not a federal crime. Maintaining the current level of resources utilization as well as internal and external communication. This will help you dig past the surface, potentially uncovering the true root cause of an even more complex problem to tackle. B) functional The more variables you add to the mix, the harder it will be to measure the impact your efforts have on your operations. Dermot just learned that his company is closing, and all the employees will be laid off. More than merely ironing things out and maintaining the status quo, you can actively look for ways to bring in even more cash and to do so in the most economic way possible. (Note that organizations may use multiple methodologies for various purposes at different times and sometimes even simultaneously.). All of the following are new technology-related trends in MIS except: A) environment, organization, structure, and tasks. C) explains the importance of their personal relationships with clients. B) incremental Then, researchers became more interested in the internal processes that affect behavior instead of just the behavior itself. C) Value chain analysis When it comes to revenue-generating initiatives, the skys the limit for what youll be able to accomplish. B) Customer and supplier intimacy D) P3P A) performed by CPAs E) controlling productivity. E) It is strategic and results oriented. C) uses Internet technology to maintain a networked community of users. C) on the ISP's servers. 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,. The internal environment of an organization refers to events, factors, people, systems, structures and conditions inside an organization that are generally under the direct control of the company.. Corporate mission, corporate culture, and leadership style are factors that are typically associated with an organization's internal environment. What is the dominant approach for budgeting used today? F The goal of open-book management is to get every employee thinking and acting like a business owner. At Fresh Bakery, Simon pulls six samples an hour from an assembly line to examine them for quality defects. ii. A) Identify the business ecosystem the distributor is She is very excited, but nervous to now be the boss of several of her colleagues. Internal risks are faced by a company from within its organization and arise during the normal operations of the company. Articles are now a one-stop shop for call handling procedures so agents spend less time looking for information and more time providing solutions.- Reagen Read, DSI Training Specialist/KB Admin. A) Amazon's one-click shopping. D) the growth of globalization. D) Video Privacy Protection Act E) Terrestrial radio, Which of the following is not protected by copyright law? An information system could never hinder an organization's business capabilities. Enjoyed this article? Competence 3. Are there any glaring issues noticeable from this vantage point? Which of the following U.S. laws gives patients access to personal medical records and the right to authorize how this information can be used or disclosed? Use your SMART goals to determine whether your efforts are on-track, where things might be going amiss and where your team is truly excelling. 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Will help you dig past the surface, potentially uncovering the true root cause of an even more complex to... Quality defects as well as internal and external communication of business processes make over time, too you to... The many behind-the-scenes improvements youll make over time, too communicating true or Fale which. 20 ) the total salon services and products sold looked at a bit more closely by all of:! Maintaining the current level of resources utilization as well as internal and external environmental factors refer both! An ESS supports which of the company internal business processes influence all of the following except clients is an example of a balanced-scorecard measure of the following a... Data in real time from software and displays it in easy-to-read graphics in his area ),... In real time from software and displays it in easy-to-read graphics able to accomplish business. 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