Describe four tasks the purchases computer application performs automatically in the integrated purchases processing system
1 . The system reads the purchases requisition file for items that need to be replenished. The requisitions are then sorted by the vendor and matched against the valid vendor file for vendor address and contact information.
2 . Hard-copy purchase orders are prepared and sent to the vendor.
3 . A record is added to the open PO file.
4 . A digital transaction listing of POs is created, which is downloaded by the purchasing agent, reviewed, and filed in the department.
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For a particular company's resource or capability to have real competitive power and perhaps qualify as a basis for competitive advantage, it should
A. be something that a company does internally rather than in collaborative arrangements with outsiders. B. be patentable. C. be an industry key success factor and occupy a prime position in the company's value chain. D. be hard to copy, be rare and something rivals lack, be competitively valuable, and not be easily trumped by substitute resource strengths possessed by rivals. E. have the potential for lowering the firm's unit costs.
Howard is a young entrepreneur who has invested in creating a new form of social media. He is sure of his idea and believes that it will be successful in the long run. However, he is careful not to be overoptimistic about it and works on other ideas as well. In the given scenario, which of the following statements is true of Howard?
A. He has an external locus of control. B. He is docile. C. He is a conformist. D. He is confident but not overconfident regarding his abilities.
Paul is shopping for a life insurance policy. An agent asked Paul if he would like to purchase a participating policy. What is a "participating" policy?
A) a policy which has a cash value B) a policy which pays dividends C) a policy which invests in common stock D) a policy which provides for an increasing death benefit
List all who were affected by the Kodak employee's deal on the valuation of Kodak's property