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SS102 Chapter 7 Flashcards | StudBud
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SS102 Chapter 7
SS102 Chapter 7
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Chapter 7 - concepts and definitions
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
These are major functions within a business.
Operations
Departments
Finance & accounting
Divisions
2
Profit is required for a company to stay in business.
False
True
3
This is produced by a company.
Product
Quality
Customers
Employees
4
Companies want to build brand loyalty with customers.
What is brand loyalty?
False
True
5
As an employee, you have no control over your performance.
False
True
6
Whatever you produce should add value to the company.
False
True
7
Money coming in from sales
Costs
Revenue
Profit
Expenses
8
Short-term goals that support a goal. Measurable & have timelines.
Objectives
Strategy Map
Attitude
Goal
9
Describes what needs to be achieved. aka a Target
Objective
Strategy
Target
Goal
10
Intangible product produced by a company.
Quality
Good(s)
Production
Service
11
Each job in the company has a purpose.
False
Doubt it
True
Maybe
12
This is a company's statement about their standard of behavior.
Vision statement
Values statement
Directional statement
Mission statement
13
You only have one chance to make a 1st impression in customer contact.
True
False
14
The way a company is organized.
Organization
Organizational structure
Authority
Authority map
15
The treatment an employee provides a customer.
Customer Service
Customer duress
Customer treatment
Customer handling
16
A predetermined standard that defines how a product is to be provided
Operations
Customers
Attitude
Quality
17
Process of turning a creative idea into reality.
Creativity
Systems
Innovation
Ideas
18
Outlines major goals and serves as a company road map
Fiscal
Capital
Strategy
Productivity
19
Assists the President/CEO in identifying & implementing company strategy
Board of Directors
Employees
Lines of authority
Senior management
20
Area that deals with the production & distribution of the company's product
Management
Operations
HR
Information systems
21
Customers demand quality in product and from the company's employees
False
True
22
The customer is always right.
Who cares?
False
True
Never
23
This is to perform a function that adds value to the company.
Goals
Productivity
Ethics
Attitude
24
A tangible product that is produced by a company
Customers
Product
Service
Good(s)
25
Every employee is a walking billboard for the company.
Except on Facebook
False
True
Except on Twitter
26
These carry out specific functions within divisions.
Marketing
Legal Counsel
HR
Departments
27
This is a company's statement of purpose.
Company Attitude
Mission statement
Directional statement
Values Statement
28
These managers work on operational issues.
Operation managers
Employees
Senior management
CFO
29
When profits increase, employees always receive bonuses
False
True
30
This department deals with electronic management of information
Accounting
Legal Counsel
Information systems
Marketing