Explain how Apple achieved business success through the use of information, information technology and people.
What will be an ideal response?
Initially, Steve Jobs was worried that he had missed the MP3 bandwagon. Jobs were fixated on
developing video editing software and were oblivious to the MP3 phenomena. Jobs took the MP3
phenomena information and crafted a strategy on how Apple could enter the MP3 market. Jobs' strategy
began by bringing together the right people to tackle the iPod project including Jeff Robbin from
SoundStep and their MP3 software, an iPod development team and an iTunes development team.
Bringing together the right people, with the right information and access to technology enabled Jobs to
take the iPod from inception to product delivery in 9 months.
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The U.S. insurance industry data reveal that:
A) there is an awareness of the importance of giving quick answers to customers. B) although improving, there are still significant opportunities to exceed customer expectations with better responsiveness. C) responsiveness to customer inquiries is improving. D) All of the above.
(Appendix) Cash flows from investing activities are computed and reported in the same manner under the direct and indirect method
a. True b. False Indicate whether the statement is true or false
Midtown, Inc. had the following transactions in 2018, its first year of operations:
• Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. • Earned net income of $70,000. • Paid no dividends. At the end of 2018, what is total stockholders' equity? A) $31,000 B) $690,000 C) $620,000 D) $70,000
Average inventory is calculated as the (maximum inventory + minimum inventory)/2 in ______.
A. only the EPQ model B. only the EOQ model C. both EPQ and EOQ models D. neither EPQ nor EOQ models