Unit 4 Test Review

Marketing is describied as creating

Which of the following is a true statement:

An operations manager must determine the sequence materials will take through the production process. This is known as

In the marketing concept, whose point of view matters most?

The cash conversion cycle should be

Which of the following is a capital investment decision:

Which of the following groups makes regular use of a business’s managerial accounting information:

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings

What provides the basis for all marketing goals and actions? ( Starting Point)

Finance is the business function that involves managing _______

Running out of inventory can result in

The finance function is usually responsible for which of the following processes:

Which is a durable good?

Decisions about fiancing refer to the

The 4 P's of Marketing are - Price, Place, Product & Promotion

Recording the finances of the business is the overall purpose of accounting

Which of the following financial reports provides estimates of when, where, and how much money will come into and out

Money owed to the business is known as

Which of the following activities is an aspect of marketing a service:

The difference between service providers’ and manufacturers’ operations activities is that service providers produce

Selling shares in the company to raise money for a new venture is referred to as ___________ funding.

Cash register paper and shipping forms used by a business would be classified as industrial materials

Overall, what does marketing allow us to do

Which of the following categories of information are found on a balance sheet:

Any paid form of nonpersonal presentation of ideas, goods, or services is

Which of the following is a capital investment decision:

Marketing occurs wherever customers are

The goal of the finance function is to ensure profitability & reduce risk

Deciding how to transport goods is part of which operations activity?

Marketing encourages ________ from different countries

Which of the following is a marketing activity:

Monthly rent is building owners equity

. Which of the following presents the first three steps in the accounting cycle in the correctorder:

Both manufacturers and service businesses rely on scheduling.

Why are accurate accounting records important to a business?

Operations managers must work closely with managers and employees in

The money it takes to keep inventory in stock is called a stockout cost

A philosophy of conducting business that is based on the belief that all business activities should be aimed

Which of the following items likely cannot be marketed:

Which is not a main factor in a business's site selection decision