Bcor Study guides, Class notes & Summaries

BCOR Midterm Exam Questions and Answers, Latest Update 2024/2025 Rated A+. Business Problems How much to produce, How much to buy, When to open the store, What products to promote? Decision making types Strategic decisions, Tactical (managerial) decisions, and operational decisions Strategic decisions A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. ...

BCOR 1030 Final Exam Questions and Answers Rated A How does culture influence communication? it provides a framework that shapes the messages you send and receive everyday High context cultures gather subtle information from facial expressions, vocal cues, and even silence in interpreting messages Low context cultures rely on language and meanings of words Individualistic cultures value their own interests more than the group Collectivist cultures value the group interests more than their o...

BCOR 2304 Final Exam Questions and Answers Already Passed strategy a set of goal-oriented actions a firm takes to gain and sustain better performance over competitors strategy managment combines analysis, formulation, and implementation in finding competitive advantage mastery= view organization as a whole competitive parity two or more firms perform at the same level strategic positioning position in industry that allows firms to provide value to customers, while controlling costs mission r...

BCOR Midterm Exam Questions and Answers Latest Update 2024 | Rated A+. Business Problems How much to produce, How much to buy, When to open the store, What products to promote? Decision making types Strategic decisions, Tactical (managerial) decisions, and operational decisions Strategic decisions A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tact...

BCOR Midterm Exam Questions and Answers | Latest Update 2024 | Rated A+. Business Problems How much to produce, How much to buy, When to open the store, What products to promote? Decision making types Strategic decisions, Tactical (managerial) decisions, and operational decisions Strategic decisions A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Ta...

BCOR 1015 Final Questions and Answers Graded A What are Hayeks views on planning and decision making? he believes in decentralized knowledge HAYEK: what is decentralized knowledge? spreading knowledge amongst people is Hayek against centralization? yes HAYEK: how does the price system coordinate resources? price signals are used to make decisions and send information to other groups because prices are lower or higher what are price signals? signals wrapped up in incentives; prices can consta...

financial services correct answers concerned with design and delivery of advice and financial products to individuals, businesses, and governments managerial finance involves... correct answers tasks such as budgeting, financial forecasting, cash management, and funds procurement profit maximization as the "goal" of the firm is BAD because... correct answers profit maximization DOES NOT consider risk Pro-active ethics program is expected to result in... correct answers a positive corp...

BCOR 2301 B Law Midterm (Ch. 1, 4, 10, 11) Questions With Complete Solution

BCOR 370 WVU exam 1 Houghton latest 2023 with complete solution Organization A systematic arrangement of people to accomplish some specific purpose Why do we have organizations? -efficiency; to accomplish specific objectives -serve society -provide careers How do organizations accomplish their objectives? -Basic framework of management -Decision Making Basic Framework of Management -Planning -Organizing -Leading -Controlling Management The process of achieving goals, effectivel...

8 Different Types of Muda correct answer 1. Overproduction 2. Inapprotiate Processing 3. Waiting 4. Transportation 5. Motion 6. Inventory 7. Defects 8. Underutilization of Employees Product-Process Matrix correct answer 1. Project (High Variety) 2. Job Shop (High Flexibility/Low Volume) 3. Batch (Flexible & Medium Volume) 4. Repetitive Process (Low Cost High Volume) 5. Continuous Process (Lowest Cost & Highest Volume) Value Proposition (6 attributes of a Value Proposition) c...