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July 7, 2021

Describe the environment in which business operates Summarize the effect of economic conditions on business performance

General Questions

Learning Objectives:

Describe the environment in which business operates

Summarize the effect of economic conditions on business performance

Explain the internal structures of organizations

Explain how firms use accounting

Describe sources of financing for businesses.

Prompts: Individual essay questions

Instructions: The examination will cover selected sections of the assigned readings. You will have the entire week to complete the exam. Where essay/short answer questions are used, you are expected to provide in-depth responses to the questions. Proper citation of reference material is expected and required

answering the question below two paragraph per question

Questions

In your own words, explain operations management.

In your own words, what is Total Quality Management?

In your own words, explain three quality costs.

What is a bullwhip effect? What are the causes?
What is a strategic partnership? Give an example.
Explain a the challenges of outsourcing.
What is a balance sheet? How does it support business?
Identify a source of business financing.

Should a start-up organization invest in an IS immediately? Why or why not?

What is database management?

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