Busa 2100 - Study guides, Class notes & Summaries

BUSA 2100 Questions and Answers Already Passed What are the primary functions of management in an organization? The primary functions of management include planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. Explain the concept of supply chain management. Supply chain management involves the coordination and management of a network of interconnected businesses that produce, handle, and deliver products or services fro...

BUSA 2100 EXAM WITH 100 % COMPLETE SOLUTIONS 2024 LATEST UPDATE Key Drivers of Corporate Social and Environmental Responsibility - Answer- • government legislation or threat of legislation • cost savings • market advantage • protection or enhancement of reputation and brands • avoiding risk, or responding to accident or environmental threat • a 'champion' within the organization • pressure from shareholders • pressure from consumers • pressure from non-governmen...

BUSA 2100 FINAL EXAM QUESTIONS AND ANSWERS PASS GUARANTEED LATEST UPDATE What is a Organizational chart: - Answer- structure of a company's internal or external layout of responsibilities and authority Sustainable competitive advantage - Answer- a competitive advantage that other companies have tried unsuccessfully to duplicate and have stopped trying to duplicate. The three step process to strategy making is: - Answer- 1. asses a need for strategic change 2. Conduct situational anal...

BUSA EXAM QUESTIONS AND REVISED ANSWERS ALL CORRECT 5 steps to manage resistance to change - Answer- 1. Education and communication: 2. Participation 3. Negotiation 4. Top management support: 5. Coercion Results-driven change - Answer- change created quickly by focusing on the measurement and improvement of results General Electric workout - Answer- a three-day meeting in which managers and employees from different levels and parts of an organization quickly generate and act on ...

BUSA 2100 EXAM WITH QUESTIONS AND ANSWERS...

BUSA 2100 Midterm Exam Questions and Correct Answers Already Passed A marketing manager instructs his team to make 80 telephone calls to attempt to sell an insurance policy. The random variable in this experiment is the number of sales made. This random variable is a _____. - Answer- discrete random variable Highway patrol officers measure the speed of automobiles on a highway using radar equipment. The random variable in this experiment is speed, measured in miles per hour. This random var...

BUSA 2100 CH 15 TEST QUESTIONS WITH 100% CORRECT ANSWERS A car manufacturer ordered 20,000 window assemblies from a supplier. To make sure the assemblies were made to specifications, the supplier of the window assemblies shipped a sample to the car manufacturer for testing. Which type of control is this practice an example of? a. feedback control b. contiguous control c. suboptimal control d. feedforward control - Answer- feedforward control Which type of control is a method of gatherin...

BUSA 2100 Chapter 5 Review Quiz with Complete Solutions 100% Correct What does an organization experience when it is reluctant to change strategies or competitive practices that have been successful in the past? a. strategic dissonance b. strategic inertia c. competitive dissonance d. competitive inertia - Answer- d. competitive inertia What is another term for SWOT analysis? a. market audit analysis b. firm-level strategy analysis c. competitive advantage ana...

BUSA 2100 Chapter 5 Planning Exam Questions and Answers All Correct What is the difference between a tactical plan and a strategic plan? - Answer- A tactical plan specifies how an org will use resources, budgets and people to accomplish a goal and a strategic plan focus efforts over the next 2 to 5 years. So, tactical plans are more short-term. What is management by objective? - Answer- MBO: a fourt step process--> 1) Discuss possible goals 2) Collectively select goals that are cha...

BUSA 2100 Ch 7 Test Questions with All Correct Answers A simple random sample of size n from a finite population of size N is a sample selected such that each possible sample of size _____. - Answer- n has the same probability of being selected How many different samples of size 3 (without replacement) can be taken from a finite population of size 10? - Answer- 120 A simple random sample of size n from a finite population of size N is to be selected. Each possible sample should have ____...