Your business had two strategic initiatives this year. One initiative focused on improving customer satisfaction. The second focused on providing customers with their purchase history from any Internet site in the world. If you were to allocate 15% of your IT budget to the first initiative and 25% to the second initiative, what type of strategy are you applying?
A. Tactical information planning (TIP)
B. Strategic technology planning (STP)
C. Transforming IS strategy (TISS)
D. Run-grow-transform (RGT) framework
D. Run-grow-transform (RGT) framework
The run-grow-transform (RGT) framework is an approach in which you allocate in terms of percentages how you will spend your IT dollars on various types of business strategies.
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A merchandiser will earn an operating income of exactly $0 when
a. gross margin equals operating expenses. b. net sales equals cost of goods sold. c. cost of goods sold equals gross margin. d. operating expenses equal net sales.
Concern with introversion versus extroversion is associated with ______ fit.
A. ability-job B. personality-job C. person-organization D. personality-ability
Establishing credibility is an important aspect of giving your presentation. During which part of your speech should you explain why you are the appropriate person to discuss a particular topic?
a. preview b. introduction c. body d. conclusion
Petty Corporation has two production departments, Milling and Finishing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Milling Department's predetermined overhead rate is based on machine-hours and the Finishing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: MillingFinishingMachine-hours 20,000 14,000Direct labor-hours 2,000 8,000Total fixed manufacturing overhead cost$148,000$88,000Variable manufacturing overhead per machine-hour$1.90 Variable manufacturing overhead per direct labor-hour $3.60The estimated total manufacturing overhead for the Milling Department is closest to:
A. $38,000 B. $408,000 C. $186,000 D. $148,000