Define workgroup processes, enterprise processes, and inter-enterprise processes
What will be an ideal response?
A workgroup process is a structured process that exists to enable workgroups to fulfill the charter, purpose, and goals of a particular organizational unit. Enterprise processes are structured processes that span an organization and support activities in multiple departments. Inter-enterprise processes are structured processes that span two or more independent organizations.
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MIS can add value to both primary activities and support activities in the value chain. Which of the following is not an example of a company adding value by the use of MIS in a primary activity?
A. Royal Crest Dairy using their custom order and delivery system through an easily accessible Web portal for the customer to track delivery status. B. A system for the sales and marketing departments to track specific sales targets and follow up processes. C. An easy electronic survey, similar to the survey monkey, to be sent to the customer right after a service was completed. D. Scottrade Corp. creating an online system for employees to track paychecks, benefits, wellness rewards program, and other employee benefit items.
Total operating expenses on Legg Company's income statement for last year totaled $260,000. During the year the accrued liabilities decreased by $12,000, and prepaid expenses increased by $18,000. Depreciation expense for the year were $25,000. Based on this information, operating expenses adjusted to cash basis under the direct method on the statement of cash flows would be:
A) $255,000. B) $315,000. C) $205,000. D) $265,000.
If a firm does not meet its forecasted sales level, leverage will result in a magnified increase in income compared to what is expected.
Answer the following statement true (T) or false (F)
A broker: A) Has the authority to sell property
B) Has the authority to advertise property. C) Has the authority to represent the buyer. D) None of the above