ACE
What does ACE stand for?
Achieve, Connect, Empower
What is the process of attracting, recruiting, selecting, and onboarding employees called?
Talent acquisition
What is the primary goal of corporate finance?
Maximizing shareholder wealth
What is the primary goal of management consulting?
Help organizations improve their performance and efficiency
This term refers to the adaptation of a company's marketing strategy to fit the unique needs and preferences of consumers in different countries
Localization
Where does the team attend Nationals every year?
Downtown Toronto!
This HR function involves assessing employee performance, providing feedback, and implementing development plans
Performance Management
What does the term ROI stand for?
Return on Investment
This term refers to a systematic approach used by management consultants to analyze a company's existing processes, identify areas for improvement, and recommend solutions
Business Process Reengineering (BPR)
This international marketing strategy involves selling the same product with little to no modifications in multiple countries
Standardization
How many chapters are in ACE?
18
In HR terminology, what does the acronym "HRIS" stand for?
Human Resource Information System
What financial statement provides a snapshot of a company's financial position at a specific point in time?
Balance Sheet
Name the consulting framework often used to analyze a company's strengths, weaknesses, opportunities, and threats
SWOT Analysis
Name the economic theory that suggests countries should specialize in producing goods and services they can produce most efficiently and trade with other countries to obtain goods and services they cannot produce efficiently
Comparative advantage
How many delegates placed at Nationals in 2024?
2 - one in International Marketing and one in Human Resource Management
What is the legal term referring to the process of formally ending an employment relationship initiated by the employer?
Termination or Dismissal
What financial metric measures a company's efficiency in managing its assets to generate revenue?
Asset Turnover Ratio
This management consulting technique involves breaking down a problem into smaller components to facilitate problem-solving
Decomposition
This entry mode involves partnering with local companies to distribute products or services
Joint Venture
How many categories are available for delegates to compete in at Nationals?
15!
This theory proposes that individuals compare their job inputs and outcomes with those of others and then respond o eliminate inequities
Equity Theory
What term refers to the portion of a company's earnings that is distributed to its shareholders
Dividend
Name the famous management consulting firm founded by Bruce Henderson in 1963
Boston Consulting Group
This concept emphasizes the idea that a company should adapt its marketing strategy to each specific market it operates in, rather than using a standardized approach
"think global, act local" approach