Core competencies can be described as:

A) a declaration of mission that is focused on specific skills.
B) organizational strengths and abilities that have been developed over time.
C) only those processes that create products or provide services.
D) elements of the supply chain that create value.


Answer: B

Business

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Which of the following credit terms allows a discount of 1% if payment is made within 10 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?

a. 1/10, EOM; b. 1/30, EOM; c. 10/1, EOM; d. 10/1, n/30; e. 1/10, n/30

Business

Organizational behavior is most associated with ______.

A. social psychology B. applied psychology C. psychology D. applied social psychology

Business

If a company reporting on a calendar year basis, paid $18,000 cash on January 1 for one year of rent in advance (lease beginning January 1), and adjusting entries are made at the end of each month, the balance remaining in Prepaid Rent on December 1 should be $1,500. 

Answer the following statement true (T) or false (F)

Business

Applying Professor Terry Hill's generic strategy framework to McDonald's, the operating design choices of resource scheduling, inventory placement and control, and standardized operational and job procedures best relate to the corporate objective of _____

A) profitable growth B) operational excellence C) operational sustainability D) operational diversity

Business