Business: any activity that seeks to provide goods and services to others while
operating at a profit
-to earn profit, provide desired goods, jobs, services to people in the area
Goods are tangible products such as computers, food, clothing, car
Taking Risks and Making Profits Within the Dynamic Business Environment
-Individual or organization
-Provides goods and/or services
-Needs to make a profit
Doing Business in Global Markets
-World Population: 7.3 billion (July 2015)
-195 countries (not counting Taiwan)
-Importing: buying products from another country
-Exporting: selling products to another country
1. Which of the following indicators provides the clearest indication that an
economy is experiencing deflation?
A. A decrease in the unemployment rate.
B. A decrease in GDP.
C. An increase in the PPI.
D. A decrease in the CPI.
2. The only real purpose of
Understanding Economics and How it Affects Business
-How should a society use resources (factors of production) to produce and
distribute goods and services?
-The economic and political environment greatly affects businesses in a given
Homework for Class 6
Please read the High Acres Landfill case on page 168
i. While designing the landfill, which issue would justify a
high degree of attention to help prevent environmental
Mass Customization throu
Homework for Class 8
John is installing a production line in the kitchen of his
successful restaurant Light of the World to make vanilla
souffl with caramel sauce. He figures his layout can be
broken down into the following tasks:
A. Egg sepa
Homework for Class 7
1. John from One Source Credit is trying to decide how many
machines to buy. Each machine can process 300 customers
per day. One machine will have total fixed costs of $3,100
per day, two machines will have total fixed co
Homework for Class 11
John needs 40 Eternal Light flashlights by week 6. Each
Eternal Light flashlight requires 3 bulbs, and each
bulb requires 3 filaments. There are 90 bulbs and
10 filaments in beginning inventory. John ordered an
additional 20 bulbs an
Homework for Class 4
Please read the Hazel case on page 38 (Chapter 1S).
i. What would Hazel need to forecast?
Exchange Rate Futures
ii. What would Hazel have to keep in inventory?
Homework for Class 2
Please read the two PDF files posted on Vans Shoes and
answer the following:
Which one type of Corporate Strategy, of the ones listed
below, do you think is most representative of Vans
.dabbling in everything from documentary filmma
Homework for Class 3
1. Please read the Technocron International case on page
582 (Chapter 16B, beginning of book).
i. If the HRM and General Administration department started
investigating Facebook pages for pre-employment screening
Homework for Class 9
A machine has a standard deviation of 0.140 mm and a
specification of 12.0 +/- 0.57 mm to make holes that need to
be drilled into an electrical panel.
A. Please calculate the process capability ratio
B. Is the pro
Homework For Class 1
Please read the PDF file posted on UPS-FED EX and answer
1.Which management type, of the ones listed below, do you
think is most representative of UPS in having drivers consult
the computer screen in the beginning of the
WHAT IS YOUR PERSONAL DECISION STYLE?
For each of the following questions, select the one alternative that best describes how you see
yourself in your typical work situation.
1. When performing my job, I usually look for:
a. practical results
1. What portion of your college expenses did you earn (or are you earning)?
a. 50 percent or more
b. Less than 50 percent
2. In college, your academic performance was/is:
a. Above average
c. Below average
If you want to be an expert communicator, you need to be effective at all points in the communication process from "sender" through to
"receiver" and you must be comfortable with the different channels of communication face to face, voice to voice, writte
TOLERANCE OF AMBIGUITY
Please respond to the following statements by indicating the extent to which you agree or
disagree with them. Fill in the blanks with the number from the rating scale that best represents
your evaluation of the item.
Below are 16 items. Rate how important each one is to you on a scale of 1 (not important) to 100 (very
important). Write the numbers 0-100 to the left of each item
An enjoyable, satisfying job.
A high paying
ARE YOU SELF-EMPOWERED?
Circle either (a) or (b) to indicate how you usually are in these situations:
If someone disagrees with me in a class or a meeting, I
a. immediately back down
b. explain my position fu
Read the following statements. Use the space to the left to write Yes if you agree with
the statement or No if you disagree with it. Force yourself to take a yes or no
position for every statement.
1. Are good pay and a
The following statements describe leadership acts. Using the following scale, circle the letter that corresponds to how frequently you
would behave as stated if you were the leader of a work group.
A = Always
F = Frequent
Instructions: Indicate O for often, S for sometimes, and N for never in response to each of
the following questions as they pertain to where you work or go to school.
1. How often have you heard jokes or remarks about other people that
Decision Making: the most important managerial activity; specifying the nature
of a particular problem/ selecting among available alternatives to solve the
- The first criteria for good decision making is good information: Timely, high
Planning: a decision-making process that focuses on the future of the organization and how it
will get where it wants to go.
Objectives: end states or targets
Plans: the means by which managers hope to hit desired targets
Management, Organization and Society
Chapter 3 Notes: International Management and Globalization
flow of goods and services, capital, and knowledge across country borders
enhances economic interdependence among countries and orgs across c
Ch.4 Strategic Management
Strategic Management: involves identifying, developing, and maintaining a sustainable
competitive advantage of a firm.
Competitive Advantage: the ability of a firm to win consistently over the long
term in a competitive situatio
Why does the word control have a negative connotation?
Control is a means for achieving a goal and is not the goal itself.
Exercising effective control is a universal and exceedingly important managerial
The challenge is finding
www.google.com/corporate/execs.html (November 18, 2010). Cars
Drive Themselves: Google Is Testing ArtificialIntelligence Software in
Cars in California. St. Petersburg Times (October 10, 2010), p. 1a. Our
PhilosophyGoogle Corporate Information, http:/