Explain and give examples of the two metrics in establishing measurable goals.
What will be an ideal response?
It is recommended that each organization develop between five and eight measures of success for its venture. These are broken up into two categories: (1) quantitative measures-those that are tied to the financial or strategic goals of the organization and are easily measured-and (2) qualitative measures-those that are tied to the strategic goals of the organization but have more to do with the "feel" of the organization.
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A company fails to record one storeroom full of inventory in its year-end inventory records. As a result, this will cause:
a. an overstatement of inventory on the year-end balance sheet. b. an understatement of gross profit in the following year. c. an overstatement of retained earnings at the end of the year. d. an overstatement of cost of goods sold for the current year.
Strategy decisions pertaining to product features, packaging, product line assortment, and branding will be most affected by which target market dimension?
A. geodemographic characteristics of potential customers B. urgency to get need satisfied C. geographic location D. demographic characteristics of potential customers E. behavioral needs and attitudes of consumers
As applied to mortgage loans, which of the following statements is FALSE?
A) Advertised rates are annual percentage rates. B) A spreadsheet uses the periodic interest rate, not the annual percentage rate. C) By increasing the number of payments per year you increase your effective borrowing rate. D) You can find a monthly payment by dividing the annual payment by 12.
The oldest form of analytics is:
A) predictive analytics. B) descriptive analytics. C) prescriptive analytics. D) comparative analytics.