Once managers have agreed on an entity's core competencies, the CMS can be designed to do all but which of the following?
a. Track performance in competency areas through time.
b. Collect external intelligence on competitor performance in competency areas.
c. Generate output about those competencies in a useful format for interested parties.
d. A CMS can be designed to do all of the above.
d
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Office Systems Corporation manufactures and sells various high-tech office automation products. Two divisions of Office Systems Corporation are the Computer Chip Division and the Computer Division. The Computer Chip Division manufactures one product, a "super chip," that can be used by both the Computer Division and other external customers. The following information is available on this month's
operations in the Computer Chip Division: Selling price per chip $50 Variable costs per chip $20 Fixed production costs $60,000 Fixed SG&A costs $90,000 Monthly capacity 10,000 chips External sales 6,000 chips Internal sales 0 chips Presently, the Computer Division purchases no chips from the Computer Chips Division, but instead pays $45 to an external supplier for the 4,000 chips it needs each month. Refer to Office Systems Corporation. Two possible transfer prices (for 4,000 units) are under consideration by the two divisions: $35 and $40 . Corporate profits would be ____ if $35 is selected as the transfer price rather than $40. a. $20,000 larger b. $40,000 larger c. $20,000 smaller d. the same
The idea that people are cognitively limited, producing satisfactory rather than optimally rational decisions through satisficing is known as _____________.
a. Appeasement b. Delimited Rationality c. Bounded Rationality d. Grounding
The book states that BOP strategies often fail. There are as many reasons for failure as there are reasons for success. The book explicitly states to "fail early and fail fast." Why is this advice important for social entrepreneurs?
A. It offers an "escape route" for risky ventures. B. It suggests that BOP strategies are destined for failure and therefore a success is a real "win." C. It suggests that a lot can be learned from failures, lessons that sow the seed of success for the next venture. D. It means the faster you fail, the more the investors will get back out of the venture. E. It suggests that if you think you might fail, get out early and recover your losses.
Describe the three major phases of the HRP process model.
What will be an ideal response?