Exam 4: The Internal Assessment

A recent study reported that the stock price appreciation of technology companies in the lowest third of R&D spending have consistently outperformed companies in the highest third over 1-, 3-, 5-, and 10-year periods since 1977.

Define cultural products and give six examples of them.

Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.

The total assets turnover ratio is calculated by dividing sales by fixed assets.

The idea that paying dividends results in a higher stock price is a myth.

Five major stakeholders that affect pricing decisions are consumers, governments, suppliers, distributors, and competitors.

Identify the five basic functions of management, and describe each function.

While interesting, organizational culture does not significantly affect business decisions.

Which of the following is the process of influencing people to accomplish specific objectives?

Which ratio would be considered an activity ratio?

Which management function includes breaking tasks into jobs, combining jobs to form departments, and delegating authority?

The quantity or number of units of product that a firm must sell to break even is total fixed costs divided by (price per unit + variable costs per unit).

Discuss the three separate fronts on which an effective financial ratio analysis is conducted.

________ is a commonly used approach to determine R&D budget allocations.

Research and Development (R&D) Management is focused on managing inputs, transformations, and outputs that vary across industries and markets.

For a resource to be valuable, it must be either rare, hard to imitate, or not easily substitutable.

Which ratio is calculated by dividing profits before interest and taxes by total interest charges?

The heart of an information system is a database containing the kinds of records and data important to managers.

Technology ties all business functions together and provides the basis for all managerial decisions.

According to Roger Schroeder, there are five basic functions or decision areas in production. Describe these five functions.