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- As a field of business, data analytics: a. arose due to masses of created data and better computing technology to analyze it. b. really only impacts marketing, and not management or finance. c. only deals with the computer programming aspect of data and not analyzing the data. d. is involved with obtaining and managing the funds necessary to run a business.Direction: Read and understand each question. Write True if the statement is correct, while False if the statement is incorrect. __________1. When sales exceed the cost to produce goods its result is called forecasting. __________2. Forecasting is a planning tool that helps the entrepreneur cope with uncertainties in his future operation. __________3. Costs incurred through payment of utilities such as water and electricity are called operating expenses. __________4. Mang Selo is a fruit vendor. Selling fruits is an example of a service concern business. __________5. Loss is a result when cost to produce goods is greater than the sales.Which of the following is not an advantage of strategic management? a. It provides organizations with a clearer sense of direction and purpose b. It helps improve the political, economic, social, and technological environment of the organization c. It helps orientate management decisions to relevant environmental conditions d. It helps organizations be proactive rather than reactive
- _____ is a process for enabling employees to better understand and develop their career skills and interests and to use these skills and interests most effectively within the company and afterwards. A) Organizational development B) Career management C) Career development D) Career planning E) Performance managementPlease select the coorect answers 1) “Co-operation” a.is when a department is willing to prepare a budget and share the information with other departments b.None of the responses are correct c.forces executives to think of relationships among individual operations, departments, and the company as a whole d.is ensuring that all relevant parties are aware of the company’s objectives and that the objectives are understood and accepted by all departments and functions, especially when plans are developed 2) __________ can act as a means of educating managers a.Training b.Targets c.Budgets d.None of the responses are correct 3) “Coordination” a.forces executives to think of relationships among individual operations, departments, and the company as a whole b.is ensuring that all relevant parties are aware of the company’s objectives and that the objectives are understood and accepted by all departments and functions, especially when plans are developed c.is when a…Planning function will provide the following EXCEPT O a. Planning provides list of programs O b. Planning ensures that the company will not experience natural disasters. O c. Planning guide managers what to do next O d. Planning gives some purpose to managers
- 1. A business's _____ defines the present business scope and broadly describes an organization's present capabilities, focus, and activities. a. Budget b. Policy c. operational plan d. mission statement 2. Financial planning involves: a. estimating income and expenses. b. choosing a product to sell. c. selecting the type of business to enter. d. deciding the kind of franchise to buy. 3. Matt plans to open a convenience store. The startup cost is approximately $10,000. Since Matt has only $2,500 with him, he decides to invite two of his friends—Brett and Brian—to join him in this venture. In this scenario, who should be in charge of writing the business plan? a. Only Brett and Brian, since they are contributing 75 percent of the initial investment b. Matt, Brett, and Brian, since it is always a team effort c. Whoever has paid the biggest share of the startup cost d. Matt alone, since it was primarily his business plan 4.…Read the following text, and write a short title (1 - 4 words) which states the main topic for each section. 1.______________________________ A product is anything that can be offered to a market that might satisfy a want or need. This means that services, leisure activities, people (politicians, athletes, actors), places (holiday resorts) and organizations (hospitals, colleges, political parties) can also be considered as products. Most manufacturers divide their products into product lines - groups of closely related products, sold to the same customer groups, and marketed through the same outlets. Because customers' needs and markets are constantly evolving, and because different products are generally at different stages of their life cycles, with growing, stable or declining sales and profitability, companies are always looking to the future, and re-evaluating their product mix. 2.______________________________ Most products offered for sale by retailers are branded. A brand is a…||.The activity plan to be submitted should follow the given format. a.type of outdoor activity b.objectives c.List of participants in the activity d.description of the location e.materials needed f.estimated expenses g.Physical fitness benefits that can be derived the outdoor activity.
- ..........is a function to ensure that the organization operates in the intended manner to achieve its goals Select one: a. Planning b. Controlling c. Directing operational d. Decision making9-10.) Alongside technological improvement are __________ and ____________ . Select one or more: a. broader reach b. bigger scope c. endless possibilities d. several sourcesThe strength of relationship between the organization and the community is critical for their survival. From the organization point of view their role can be played very easily with the ___________. a. Taking internal decisions quickly. b. Help of those resources owned by the organization c. None of the options d. Bringing the policies in the best interest of the organization