Goals of a Business Handout
Business must develop clearly defined goals that are responsive to their stakeholders,
and to the environment in which the business operates.
Business must develop clearly defined goals that are responsive to
WCOB 2053 Exam 2 Study Guide
Explain the marketing concept: is a philosophy that guides how a firm interacts with its
customers. Decision to focus a firms resources on what customers want.
Focusing on customer wants so the organization
Bfound exam 1
Classifications of Manufacturing Costs:
Direct Materials - those materials that become an integral part of the
finished product and whose costs can be conveniently traced to the finished
ex: seats that Airbus pu
1. The constraint at Dalbey Corporation is time o a particular machine. The
company makes three products that use this machine. Data concerning those
products appear below:
Selling price per unit.
Variable cost per unit
*Still adding, anything highlighted in YELLOW I dont know, feel free
to add but PLEASE KEEP IN THE SAME FORMAT/FONT/SIZE*
Final Exam (50 questions) 250 points!
Business Goals Handout (Goals of Business Handout): What do businesses want to
Final Exam Study Guide
Know Success Measures and be able to calculate them.
Question: What does this ratio tell you about your efficiency?
ROS = Net Profit/Sales
A high ROS suggests premium pricing. This suggests the product wi
In round 2 we created the product Awesom that came out in round 3, we made the
mistake of making this product too similar to the first. We barely reduced the size and highered
the performance yet increased the price more than we should have. The automatio
1) Which of the following is NOT an asset?
2) The standards developed by professional accounting organizations to identify appropriate
accounting reporting standards are known as
a) Generally accepted accounting
7. Definition (why you need them and what they accomplish for your
No Strategies Handout
Characteristics of winning
Business Foundations Notes
Chapter 1- Managerial Accounting and Cost Concepts
Direct Materials- are those materials that become an integral part of the finished product and whose
costs can be conveniently traced to the finished product. (Wood, steel, whee