Business Marketing Questions and Answers (Completed Task)
6. Upon competition of the warehouse receiving process (receiving inventory) a ‘Key Rec’ is created and one copy is created and one copy is sent to the account department.
Answer: True
Correct Answer: False
10. You are the A/R manager and have just received a check, in the mail, for $120. You post the check to the customers A/R Ledger and now are going to make the entry into the Cash Receipts Journal. Select the correct posting from those shown.
Answer: Cr-Cash, Dr-A/R
12. Measuring performance is a function of [x] – choices by management and [y] – the nature of the market
Answer: Measuring performance is a function of ‘Industry effects’ – choices by management and ‘Firm effects’ – the nature of the market
Correct Answer: Measuring performance is a function of ‘Firm effects’ – choices by the management and ‘Industry effects’ – the nature of the market
All Answer Choices
‘Firm effects’
‘Industry effects’
15. Which of the following are used when analyzing data processes through Excel’s Linear Regression Analysis
Answer: Intercept to determine the point the linear equation crosses the X – axis
Correct Answer: Intercept to determine the accuracy of the possible predictions.
19. In the Marketplace simulation, you must make four decisions to schedule the production capacity during each quarter. Which of the following is NOT one of those decisions?
Answer: Decide which brands to produce.
Correct Answer: Determine the maximum inventory to carry from one quarter to next
Decide the operating capacity of the factory
Analyze the list of stock transactions to determine if the loan shark will now own shares in your company
Decide which brands to produce
22. Which of the following would be a valid management (KPI) measure?
Answer: ROS
Correct answers: All of the above: (ROS, Gross Margin, Net Income)
24 Sequence the following procedural components used to understand and describe a Process Flow
Answers:
Flow of the Process
Job Description/Organizational Chart- narrative
Responsibility Matrix
Timing of Routines
Measures & Metrics
25. Which of the following is not a stakeholder to a traditional business
Answer: Government Agencies
Correct Answer: The Internet
27. Customers differentiate/rank/perceive products in two specific purviews. Match the product to the category (Horizontal/Type I and Vertical/Type II).
Answer: Vertical Type II
Vertical Type II
Horizontal Type I
Horizontal Type I
Correct Answers: Horizontal Type I
Horizontal Type I
Vertical Type II
Vertical Type II
28. Sequence the five stages of team development as defined by Tuckman's model.
Answers: 1. Forming 2. Storming 3. Norming 4. Performing 5. Adjourning
Correct Answer: 1. Norming 2. Performing 3. Forming 4. Storming 5. Adjourning
29. Which of the following is NOT a business process typically managed in a Transaction Processing System?
Answer: credit card approval
Answers: determining new product pricing
32. Sequence the following components of the Knowledge Chain in the order of their 'performance'.
Answers: 1. Knowledge Crafting
2.Business Intelligence
3. Information/Data Collection
4. Actionable Knowledge
Correct Answers: 1 Information/Data Collection
2. Knowledge Crafting
3. Actionable Crafting
4. Business Intelligence.
33. Business Process Re-Engineering (BPR) is defined as
Answers: Series of data that corresponds to the Bubble Size
Correct Answer: Series of data that corresponds to the Intercept Values
34. In Excel, which of the following is not a data set (column of data) used in creating a Bubble Chart
Answer: Series of …
