______ focuses on risk-taking, radical thinking, and experimentation.
A. People innovation
B. Exploratory innovation
C. Exploitative innovation
D. Process innovation
B. Exploratory innovation
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Controls translate business policies into system features.
Answer the following statement true (T) or false (F)
One of the benefits of EDI is that it can reduce lead time, which is
A. the time between when finished goods leave the manufacturer until the time they arrive, floor-ready, at the retailer. B. the time from when an RFP is announced to the time a consumer purchases the finished product. C. the time from when funds are committed for purchase of raw materials to the time when the payment for the finished goods is actually received. D. the time between the decision to place an order and the receipt of the merchandise. E. the time between when an item is sold to a customer and when a replacement is made available for purchase by another customer.
When using a BCG matrix, a ________ is a business that currently holds a large market share in a rapidly growing market and has minimal or negative cash flow.
A. cash cow B. dog C. star D. question mark
On October 12 of the current year, a company determined that a customer's account receivable was uncollectible and that the account should be written off. Assuming the allowance method is used to account for bad debts, what effect will this write-off have on the company's net income and total assets?
A. Decrease in net income; no effect on total assets. B. Increase in net income; no effect on total assets. C. No effect on net income; decrease in total assets. D. Decrease in net income; decrease in total assets. E. No effect on net income; no effect on total assets.