"What will we do if it happens?" is a question that managers typically ask while conducting a scenario analysis

Indicate whether the statement is true or false


TRUE

Business

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What is threat of substitute products or services?

A. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. B. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. D. The ability of buyers to affect the price they must pay for an item.

Business

Demand forecasts serve as inputs to financial, marketing, and personnel planning

Indicate whether the statement is true or false

Business

Which of the following best describes the planning phase of the systems development life cycle?

A. Systems analysts outline all features required in the new system, including screen layouts and business process diagrams. B. The business determines its information needs and designs the system to meet those needs. C. Summarize the business needs of the company with a high-level view of the project. D. Plan the detailed steps that will take place during the implementation phase.

Business

Which of the following is deductible as dues, subscriptions, or publications?

A. Dues to a health club for a doctor B. Subscription to "Vogue" magazine for a corporate president C. Dues to the drama club for a student D. Subscription to the "Journal of Taxation" for a tax attorney E. None of the above

Business