Benchmarking:

A) compares the efficiency and effectiveness of your business processes against strict standards.
B) allows industry participants to develop industry-wide standards.
C) is used to measure the speed and responsiveness of information technology.
D) synchronizes the business processes of customers, suppliers, and trading partners.
E) coordinates the value chains of independent firms to enable them to collectively produce a product or service.


A

Business

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Officer Tom is executing a validly obtained search warrant in Kathryn's home. The warrant gives him the right to search every room in the house but is limited to a search for automatic weapons and handguns. When he walks into the kitchen, he sees an open box filled with small plastic bags containing small pills. A closer inspection reveals that the pills are ecstasy, an illegal narcotic. May Officer Tom seize the drugs even though the warrant did not include a search for drugs, and would the drugs be admissible in court?

What will be an ideal response?

Business

Interest payable on a loan becomes a liability:

a. When the borrowed money is received. b. When the note payable is issued. c. At the maturity date. d. As it accrues.

Business

Each of the following needs from Maslow’s hierarchy of needs is considered to be a maintenance factor under two-factor theory, EXCEPT ______.

a. safety b. physiological c. esteem d. social

Business

The activities that an organization uses to reach its target market such as advertising, personal selling, and public relations are all part of the marketing mix element known as

A. position. B. price. C. product. D. place. E. promotion.

Business