BUSN class Flashcards
The three organizations we will focus on in this course are…
1.The family
2.Nonprofit organizations
3.For-profit organizations
By using the factors of production efficiently, a company can produce more products and services with the same resources, increasing productivity. Which of the following are considered factors of production?
Natural Resources
Labor (human resources)
Capital
Entrepreneurship
The term “___________” means that human needs or wants for goods, services, and resources exceed what is available.
Scarcity
Normative ethics builds on the social sciences such as psychology, sociology, and economics to help us better understand right from wrong. T or F
False (normative ethics is built on theology and philosophy)
In their work on ethics in organizations, Dr. Agle and his colleagues found that over 95% of all ethical dilemmas could be found in a list of 20 dilemmas. T or F
F (There are 13 dilemma types)
The Venn Diagram model of ethical leadership contains three dimensions:
values and desires
character
knowledge and skills.
What is Behavioral Ethics based on?
The social sciences and help us to better understand why business people do what they do when it comes to ethics.
Which of the following characteristics of a clothing product is intangible (as opposed to tangible)?
Brand image
When running paid search advertisements, I am charged
for each ad click
In a paid search ad, my ad receives an ad impression
whenever my ad shows up on the search engine results page
“What is supply chain, anyway?” Which of the following would be the RIGHT thing for you to answer?
Networks of organizations that collaborate to create and deliver all products and services to customers worldwide
From this course, which of the following are approaches you can use to create an improvement culture? Please select all that apply as identified in this unit on SCM.
Kaizen
Respect for People
Continuous Improvement
What does PDSA stand for
Plan, Do, Study, Act
Suppose you were in charge of sourcing decisions for a hospital and were trying to decide between a few different options for some new equipment. Which of the following would be the BEST approach for making this choice?
Use Total Cost of Ownership
What is ERP?
It is the backbone of an organization’s set of integrated systems.
What is true of SCM information systems?
They should help eliminate the bull-whip effect
What does DBMS stand for?
Database Management Systems
What’s the basic purpose(s) of a database?
Storing data for search and retrieval
5 IS quality characteristics
timeliness, accuracy, completeness, uniqueness, and consistency
