The organization feels more ‘family like’ than ‘business like’, all employees are involved, with shared goals.
What is clan culture?
100
6 years ago Professor Nichols set aside $250,000 to buy us all graduation presents. Today, The account is worth $306,958. That number then, is the rate of interest!
What is 3.48 percent?
100
The interval between units completed by either the process or a work center
What is cycle time?
100
Divided into three categories: operating, investing and financing activities.
What is the statement of cash flows?
100
The process of dividing a market into groups of potential buyers who have similar needs and wants is.
What is market segmentation?
200
Organization that relies on formal structures, policies and procedures. Focused on consistency.
What is Hierarchy Culture?
200
We all hope that studying hard at SMG would make us millionaires one day. In order to have 1 million dollars on our retirement day, 40 years from now, with an average interest rate of 8.5%, we can either put aside a lump sum today or 5 years from now. This number is the difference we will have to add 5 years from now.
What is 19,272.81?
200
When we simulated a fortune teller factory. Dave was the _________, but after Rachel trained him, the _______ ________ of the process increased!
What are bottleneck and capacity utilization?
200
revenues minus expenses
What is net income?
200
A chain of hotels decides to reward travel agents for every hotel room they sell. This chain is practicing a _______ strategy of marketing.
What is a PUSH strategy?
300
An innovative organization, open to change and oriented to the outside world.
What is Adhocracy culture?
300
Liri sells a copy of the final exam for $55 and has a variable cost of $30 per copy (she copies it on a paper made of gold). Her total fixed costs (buying the copy machine and the “you’ll be golden” advertisement) are $25,000. Suppose variable costs (the price of gold) increase by 10%. The breakeven point will increase by this number of units!
What is 136?
300
This type of cost is the most difficult to estimate (internal failure cost, external failure cost, prevention cost or appraisal cost)
What is External Failure
300
According to this method of accounting assets, liabilities, revenues, and expenses are put on the financial statements when the transaction that causes them occurs, NOT when cash is paid or received.
What is accrual accounting?
300
Introduction - Growth - Maturity - Decline
What is stages in the Product Life Cycle?
400
Organization that is concerned about the bottom line. Oriented towards customers...
What is Market Culture?
400
Tedi sells chocolates to Jorge (as gifts for all of the girls that he pursues) for $60 per box, with a variable cost of $16 per box. Collin breaks even when he sells $400,000 worth of chocolates. The number is the contribution margin!
What is .73?
400
As the dollar weakens against other major work currencies the competitiveness of US companies ______
What is increases?
400
Annual report to be filed by commercial and industrial companies, which covers sections like financial statements, manager's discussion and analysis, and supplementary data.
What is the form 10-k?
400
A firm develops a substitute for a hand calculator. The product is faster, more accurate and easier to use than anything else in the market place. The firm prices the product at half of the price for the older technology. This is an example of this type of pricing...
What is Penetration pricing?
500
The highest form of Emotional intelligence
What is managing other people’s emotions?
500
If revenue for the year was $10,000, at the beginning of the year Account Receivables were $2,000, at the end of the year Accounts Receivables were $3,000. This number represents the cash received from operations during the year!
What is $9,000?
500
According to ______________, if we have 2 investment opportunities with the same maturity and the same risk, then return on both should be equal.
What is "The Law of One Price"?
500
The best “stamp of approval” of auditor’s opinion on the 10-k.
What is unqualified?
500
If a retailer sells a lawnmower for $165 and had market it up by 20%, the retailer paid how much?