A collection of activities that takes one or more kinds of input and creates an output that is of value to the customer is called a(n) ____________________
Fill in the blank(s) with correct word
business process
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The management department at a local university began posting all assignments and other class materials to a course management website instead of creating a packet for students to purchase each term. This is a(n) ______ innovation.
A. practice B. product C. process D. adaptive E. reactive
If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000, the agreement is:
a. enforceable because Becky is giving up the right to do something she would otherwise be entitled to do. b. enforceable because the agreement accomplishes Ben's goal of keeping Becky from drinking. c. not enforceable because Becky does not have a legal right to drink alcohol. d. not enforceable because Becky is a minor and could disaffirm the contract.
Three months ago, Darren became a board member at Runswell, a publicly traded company. Two weeks ago, the board members discovered that Runswell's CEO is facing a lawsuit from a family member who accuses the CEO of theft. Based on what you have read, to what ethical standard should Darren and the other board members hold the CEO?
A. They must hold her to the highest ethical standards because the leaders of publicly traded companies must withstand intense public scrutiny. B. If the board members are able to determine that the CEO is not a "bad apple," then they should give her their full support. C. They should hold her to the same ethical standards that they would expect of any Runswell employee-no more, no less. D. The board members must wait until the lawsuit results in a settlement or a guilty verdict.
Landmark Corp. buys $300,000 of Schroeter Company's 8%, 5-year bonds payable at par value on September 1. Interest payments are made semiannually. Landmark plans to hold the bonds for the 5-year life. When the bonds mature, the journal entry to record the proceeds will be:
A. Debit Cash $300,000; credit Interest Revenue $300,000. B. Debit Debt Investments-HTM $300,000; credit Cash $300,000. C. Debit Cash $300,000; credit Interest Receivable $300,000. D. Debit Cash $300,000; credit Debt Investments-HTM $300,000. E. Debit Cash $300,000; credit Bonds Payable $300,000.