GBA 498 GBA498 Strategic Management CBK Post-Test Answers
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Saint Leo GBA 498 CBK Pre-Test Answers (80 Questions)
1. What is the formula for the break-even point of a simple profit model?
2. Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of 20 cable customers, what is the probability that exactly 2 customers would be willing to switch their cable?
3. Below is an opportunity loss table. What decision should be made based on the minimax regret criterion?
4. Enrollment in a particular class for the last four semesters has been 122, 128, 100, and 155 (listed from oldest to most recent). The best forecast of enrollment next semester, based on a three-semester moving average, would be
5. The "point at which to reorder" depends directly on which of the following?
6. Which of the following is not a property of all linear programming problems?
7. Given an activity's optimistic, most likely, and pessimistic time estimates of 4, 14, and 18 days respectively, compute the PERT expected activity time for this activity.
8. A vendor selling newspapers on a street corner is an example of a:
9. R-charts measure changes in:
10. Refer to the Table below. Bags of chocolate candy are sampled to ensure proper weight. The overall average for the samples is 36 ounces. Each sample contains twelve bags. The average range is 1.3 ounces. The upper control chart limit for the sample averages would be:
11. When customers don't know what they want or don't even know what's possible, the most effective marketing strategy is ____________ marketing.
12. Coronary Foods has contracted with UPS to manage all their shipping, warehousing, and store deliveries, including stocking the shelves at big box stores. What part of the marketing mix is UPS providing?
13. In most cases, what is the most expensive promotion tool?
14. The selling concept is typically practiced ____________.
15. __________ involves dividing a market into nations, states, and regions
16. Responding to very strict "green" legislation, the chemical firm Atticus Environmental is touting the safety of its consumer-based vegetable garden insecticide, claiming it bio-degrades in 90 days, which is twice as fast as required by the new law. Which environmental factor is the firm hoping to leverage for additional sales?
17. ___________ is determined by a customer's evaluation of the benefits and costs of a market offering relative to those of competing offers.
18. Patty's Party Palace plans all year for their Halloween spectacular specializing in adult versions of animated characters such as Snow White and the Little Mermaid. Which subset of behavioristic segmentation would Patty most likely use?
19. The managers of Arrow, an American retail chain, are currently reviewing new demographic markets to sell the firm's current products. This is an example of ____________.
20. The firm that makes Betty Sue's Down Home Pork Rinds found that their best customers enjoy NASCAR, pro wrestling, family gatherings, and are politically conservative. These are considered to be the ____________ of the market segment
21. Which of the following budgets is a major part of the master budget and focuses on the income statement and its supporting schedules?
22. Totals of various columns from the work sheet are shown below. What is the net income or loss?
23. Which of the following is not a use of international accounting standards?
24. What is the name given to the agreement between the FASB and IASC to harmonize accounting standards?
25. Which of the following entries would be made to record the purchase of $20,000 of raw materials on account for Jake's Custom Furniture?
Question 80:
Which of the following conditions exist when data are isolated in separated information systems?
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