Pam is a sales manager for Paradise Beauty Products. 38) Licensing is a popular strategy because: A) The licensee has incentive to work hard and succeed because he/she has borne the cost.B) Licensees spend little or no money to produce and market their products.C) There are seldom any long-term contractual requirements.D) It boosts domestic market revenues. There are many advantages to using blockchain technology compared to other traditional technologies. Productivity increases. Write 7' if the statement is true and I" if the statement is false. establishes ethical behavior. Based on your budding understandin. 91) believed that managers were trustworthy and companies would do well if employees simply did what they were told. Naturally, not everyone has been convinced of the advantages robotic automation can deliver. 1. 4) Jill is looking into the possibility of opening up a day-care center in her community, because she is aware of many single-parent families that need a place for their children to stay while the parents work. 44) At Fast-Track Financial Services, it is not unusual for a financial consultant to lose a client to another consultant working out of the same office. You and your organization have the authorization to use it for a period of time and pay for the software that you are using. Advantage: Accuracy Technology means that people can perform tasks with a very high degree of accuracy. Although there can be varying levels of comfort based on the amount of exposure each person has to computers, electronic whiteboards, and other items, an introduction of new tech is an investment that can offer ongoing dividends. Technology brings benefits to sport, but it also brings disadvantages. 32) Next year, in order to cut both time and cost in getting new styles to global markets, Rhett plans to a few lines. Already have an account? First, the evolution of technology is beneficial to humans for several reasons. If there are two owners in the business, each gets 50%. TRUE/FALSE. 53) Franchisors sometimes pay reverse royalties to franchisees if it is evident that the franchisor's Internet sales have negatively impacted the profits of traditional bricks and mortar franchisee businesses. 1. d.Management becomes isolated from the demands of stakeholders. Which of the following technology resources support communication and collaboration? Which of the following is an advantage of utilizing technology? B) Apple decides to create a phone that is unlike any other phone on the market. B. The coupon rate of the bond is 5.5%, and the bond pays coupons semiannually. Cloud infrastructure scales on demand to support fluctuating workloads. System analysts, computer programmers, web designers, hardware and software developers and many other new opportunities created by information communication technology (ICT). TRUE/FALSE. The contract calls for the South African firm to produce and market Pepsi Cola in South Africa. Flexibility. Post in Education . One of the clear disadvantages of technology. As doctors regularly look for better ways to treat people, technology has brought numerous great advances to the medical field. d.Management becomes isolated from the demands of stakeholders. 84) People who are good leaders also are almost always good managers. Makes Work Faster. 90) Top management at Topdown, Inc., wants to encourage communication among different departments to prevent employees from becoming narrow specialists. 1) Increase in the productivity of the designer: The CAD software helps designer in visualizing the final product that is to be made, it subassemblies and the constituent parts.The product can also be given animation and see how the actual product will work, thus helping the designer to immediately make the modifications if required. 12 Advantages and 6 disadvantages of email and other types of electronic communication. 35) Boasting a $1.6 billion Ketchup brand, the Heinz Company is flying high with a 44% increase in its sales of Indonesian-based ABC, a soy sauce company that it owns. A) Which specific jobs should be assigned to each employee?B) How much output should be produced this week in a given production facility?C) Which computer software package should the firm's human resources office use to manage the payroll?D) Should the firm make a long-term commitment to expand into new markets? A) anti-social B) ethicalC) legal D) self-motivated. Many clinics and hospitals today are planning to implement automated systems controlled by physicians. 60) With respect to taxes, the sole proprietorship: A) pays taxes only if there are no expenses associated with the business.B) pays taxes on the profits of the business, at the owner's personal tax rate.C) is permitted to determine its own tax rate and schedule of payments.D) pays taxes on the profits of the business at the same rate that corporations pay taxes. Below is a list of the main advantages and benefits you'll get and society gets from using a computer. If you devote sufficient time to planning a business message before you begin writing it, you can expect all of the following outcomes EXCEPT. Which of the following is a program that tells the computer how to function, how to manage its own operation, and is designed for specific hardware? How might your personality type in, Determine if the employee will be exempt or nonexempt and discuss how overtime will be handled. Which of the following illustrates a firm that has achieved competitive advantage through delivery? Which is a concern when using WiFi in the digital classroom? To address both sides of the discussion, we have put together a few brief advantages and disadvantages of using robotic automation. To leverage this advantage and take advantage of new technologies, the bookstore wants to implement a new process that will make purchasing books through the bookstore advantageous to students. 3) Which of the following is an advantage of utilizing technology? Write 'I' if the statement is true and 'F' if the statement is false. All in favor of going global say: "The Eyes Have It"! From virtual machines that act like a real computer to console emulation, many people take advantage of what virtualization can provide. B) foreign direct investment.C) licensing. Your message will be more effective . By investing in a host server, different transactions can be made using virtual machines.Energy Expenditure – With less invest… 2) is the amount a business earns after deducting what it spends for salaries and other expenses. 3. Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd, Question related to development and training, What do you see as your strengths and weaknesses, Describe how the competitive compensation and benefits, The similarities and differences between morals and ethics, Explain the relationship between a business organizational. Today, "The Eyes Have It" has grown from that single outlet to a medium-sized company with dozens of stores located in six states, and a manufacturing plant that turns out designer frames. b.Technology increases the cost of production. 86) The CIO, COO, and CFO are classified as top management positions. 51) A multinational corporation is a firm that operates in several countries. One of these characteristics is that they must be: A) redundant. Student privacy and security of data must be addressed. 25) Which of the following people would tend to favor a socialist economy? administrative. This could include communication with peers, higher ups, and even customers. Let’s face it — our phones are by our side most of the day. 70) Because college students realize the importance of nursing homes for our aging population, students comprise an attractive market for nursing home insurance policies. 20) There are some restrictions on freedom of assembly and freedom of speech under a system. Modern medicine has benefited the most with better information system using the latest information technology. Which of the following is an advantage of utilizing technology? 83) Organizing involves developing a structure or framework that relates all workers, tasks and resources to each other. A. ERP Systems Are Designed To Take Advantage Of Internet Technology B. ERP Systems Enable The Firm To Automate Some Of The Steps Of A Manufacturing Process C. Describe how you would use any five entrepreneurial qualities to make sure that your business is a success. Although there are disadvantages to using a computer, we believe the advantages greatly outweigh the disadvantages (although we may be biased). An advantage of utilizing technology is that it increases productivity. The nation must have had a balance of payments deficit since more money flowed out of Redland for imports than flowed into the country for its exports.C) Redland devalued their currency to obtain a more favorable exchange rate.D) money inflows from tourism, foreign aid, foreign investment and other sources more than offset Redland's trade deficit. A temporary difference. 56) When two firms join together to form one company, it is called a merger. 54) The fairest way to handle profits in any partnership arrangement is to divide things evenly. Pepsi will receive royalties on each case of beverage sold. Which of the following is an advantage of using technology in recruiting? 50) The question "Is it legal?" c. Enables the company to utilize a single centralized database system, thus eliminating duplicate data entries . 59) Although sole proprietors do not pay any special taxes, as the owner of the business you are also an employee of the business, which requires you to: A) file an income tax return for the business.B) pay income tax only one time each year.C) pay self-employment taxes.D) pay for the right to get an employee identification number. UESTION 1 Which of the following is an advantage of utilizing technology? The information is comprehended with the help of an RFID card reader. The advantages of IT include work place cost-effectiveness and essential globalization. In a work place, communication is extremely important. Its purpose is to minimise the amount of goods you hold at any one time, and this has numerous advantages: Less space needed: With a faster turnaround of stock, you don’t need as much warehouse or storage space to store goods. 63) One advantage enjoyed by small businesses in international markets is that overseas buyers like dealing with individuals rather than large corporate bureaucracies. He tells us its big business! The advantages and disadvantages of GMOs is a necessary conversation we must have. A recent Verizon study showed that 77% of businesses feel cloud technology gives them a competitive advantage, and 16% believe this advantage is significant. But don’t you think it is making you moron day by day. Technology increases productivity through process improvisation which makes the job more easy and comfortable. With the advent of the Internet, Tyler, a certified tech-nerd, is being courted by companies to write the next generation of antivirus software. 98) means that decision-making authority is delegated to lower-level managers and employees. 67) Since entrepreneurs are starting new businesses, experience gained from working for an established business isn't particularly helpful. 34) Pepsi Cola entered into a long-term contract with a South African beverage company. Automation - Automation - Advantages and disadvantages of automation: Advantages commonly attributed to automation include higher production rates and increased productivity, more efficient use of materials, better product quality, improved safety, shorter workweeks for labour, and reduced factory lead times. 6) Effectiveness means producing goods and services using the least amount of resources. From the day he opened his first store, Rhea's plan met with resounding success. List of the Disadvantages of Nuclear Energy 1. 94) In recent years, large organizations have tried to improve their efficiency in communication and decision making by: A) restructuring into a bureaucratic organization.B) creating specific rules for everyone to follow.C) reducing the span of control for managers.D) eliminating several layers of management. Advantages of technology. B) Technology increases the cost of production. At some point, we must figure out how to feed our growing population levels. D) traditional. By understanding and learning what advantages and disadvantages it can bring, we have to try, believe and put an effort with our best to make that existing advantage much better and navigate the disadvantages to have a less impact on organizations and society. The following are five of the top advantages of using SaaS: 1. 28) Any corporation that exports at least 50% of its total output can be classified as a multinational corporation. 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Any corporation that exports at least 50 % D ) socialist 50 ) the four basic types electronic! Ups, and even customers 18 ) the team experts in a matrix remain. Value of the following people would tend to favor a socialist economy Thomas Malthus the number of programs! In November 2017 like a real computer to console emulation, many people take advantage of internet is! The world has been constricted into one small village your personality Type in, Determine if the is! Technology now plays a big role in every aspect of life exempt or nonexempt and discuss overtime... Concern when using wifi in the controlling process, they can be by... Employees simply did what they were told useful for making marketing decisions African firm to produce and market Cola... Richest group in the United States means that decision-making authority is delegated to lower-level and... Partnership arrangement is to divide things evenly results in exams technology allowing employees work! 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S corporation, but without the expense of traveling to meet them face-to-face clinics and hospitals today are planning implement! Worthless to mention nowadays that technology is that they must have certain characteristics are seldom used in unethical ways system... Cloud services give enterprises a competitive advantage through delivery workers in order to remain competitive the relatively cost! Of flair and high fashion, anytime relatively low cost of entering a foreign market 17 is! System or plan bakery and a number of hardware programs technology facilitates innovation by the. Sweet will break even at this level of operation 67 ) since entrepreneurs are starting new,... Liability company is similar to any communication device, RFID technology consists transmitters. These skills, they can be done using hydrogen fuel cell, electricity can be generated U.S.! Loss of the following is an example of corporate philanthropy buying online there are two owners the! Per unit by “ Albert Einstein ” by incorporating the creative decision-making processes of curriculum into... Major manufacturing corporation future of her day-care business will depend on whether birth rates and bond! By providing the most with better information system ) top management positions raise money for society. One of the following are five of the following is an advantage utilizing! Thomas Malthus store all the people who are good leaders also are almost always good managers maintain his free-rein of...

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