What are General Business and Management Knowledge Areas
What will be an ideal response?
• Economic, political, regulatory, legal, technological, and social contexts of organizations in a global society
• Social responsibility, including sustainability, and ethical behavior and approaches to management
• Financial theories, analysis, reporting, and markets
• Systems and processes in organizations, including planning and design, production/operations, supply chains, marketing, and distribution
• Group and individual behaviors in organizations and society
• Information technology and statistics/quantitative methods impacts on business practices to include data creation, data sharing, data analytics, data mining, data reporting, and storage between and across organizations including related ethical issues
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Explain the differences between "product adaptation-communication extension" and "product-communication adaptation" strategies
What will be an ideal response?
Corner Jewelers, Inc. recently analyzed the project whose cash flows are shown below. However, before the company decided to accept or reject the project, the Federal Reserve changed interest rates and therefore the firm's cost of capital (r). The Fed's action did not affect the forecasted cash flows. By how much did the change in the r affect the project's forecasted NPV? Note that a project's expected NPV can be negative, in which case it should be rejected. Old r:8.00%New r:11.25% Year0 1 2 3 Cash flows?$1,000 $410 $410 $410
A. ?$59.03 B. ?$56.08 C. ?$53.27 D. ?$50.61 E. ?$48.08
Primary processes
a. apply only to a just-in-time environment. b. include information systems and human resources. c. add value to a product or service. d. limit bottlenecks during production.
In the office relationship chart, which rating reflects the highest importance for two departments' closeness to each other?
A) A B) E C) I D) O E) X