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
These are at least two characteristics of high quality information
What is Timeliness, Accuracy, Relevance
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
3) 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 an industry has many undifferentiated participants there tends to be ----- rivalry among the participants increasing profitability
What is intense?
200
revenues minus expenses
What is net income
200
The promotion mix includes Mass Selling, Sales Promotion and....
What is Personal selling?
300
An innovative organization, open to change and oriented to the outside world.
What is Adhocracy culture?
300
Alice 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 button line. Oriented towards customers
What is Market Culture?
400
Collin sells chocolates to Tim (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 in the US ______
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
An industry faces decreased profitability when....
What is when its customers might backward integrate?
500
18) 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?