MS5313 Managerial Decision Modeling Part I: Chapter 1 Describing Data with Graphical Methods Exercises Multiple Choice Questions: Identify the letter of the choice that best completes the statement or answers the question. 1. Which of the following is most likely a population as opposed to a sample? a) respondents to a newspaper survey. b) the first 5 students completing an assignment. c) every third person to arrive at the bank. d) registered voters in a county. D 2. Which of
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Chapter 11: Business Intelligence and Knowledge Management Data Mining and Online Analysis * Data warehouses are useless without software tools * Process data into information * Business intelligence (BI): information gleaned with information tools Data Mining * Data mining: selecting‚ exploring‚ and modeling data * * Supports decision making * Finds relationships and ratios within data * Finds unknown relationships * * Queries are more
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also strategic decisions that the company must make. Whereas ranking projects based solely on the IRR and NPV sets a short term course‚ a long term strategy must be considered. The company must decide if it wants to claim the strong hold won in the recent price wars through continued low prices and volume or if they would like to diversify further and capture unchartered markets. Rather than launching a group of disparate projects set for pure monetary growth‚ the company should be aware that an overall
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CAPITAL BUDGETING PROBLEMS: CHAPTER 11 Answers to Warm-Up Exercises E11-1. Categorizing a firm’s expenditures Answer: In this case‚ the tuition reimbursement should be categorized as a capital expenditure since the outlay of funds is expected to produce benefits over a period of time greater than 1 year. E11-2. Classification of project costs and cash flows Answer: $3.5 billion already spent—sunk cost (irrelevant) $350 million incremental cash outflow—relevant cash flow $15 million per year cash
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Management‚ 10e (Robbins) Chapter 7 Foundations of Planning 1) Planning is concerned with how objectives are to be accomplished‚ not what is to be accomplished. 2) Planning provides direction to managers and nonmanagers alike. 3) Even without planning‚ departments and individuals always work together‚ allowing organizations to move efficiently toward its goals. 4) Research indicates that nonplanning organizations always outperform planning organizations. 5) Goals are the foundation of organizational
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Chapter 11 Bankruptcy Opal Shaw American Public University System Legal Practices for Small Business ENTR615 B002 Fall 14 Dr Tonya Curry November 16‚ 2014 Chapter 11 Bankruptcy is one that is available to small business‚ corporations and partnership. There is no definite limit of debt you must occur before you can file bankruptcy. The main purpose why business files a Chapter 11 is to seek help in restructuring your debt and reorganization. In Chapter 11 the debtors are usually given
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Understanding Project Management Learning Objectives By the end of this chapter‚ you should be able to: • • focus • • Identify the differences between functional and project management. Explain why project management is necessary in business today. Name the major organizational structures and explain the advantages and disadvantages of each. Identify the requirements of an effective project management system. Many people become project managers by accident. Someone assigns them to manage a project because
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Name: Suma Pole Class: 362V (Work book Exercises 11 and 16) 06/12/15 Exercise 11: Using Statistics to Describe a Study sample. 1. What demographic variables were measured at the interval level of measurements? Age‚ Income‚ Length of labor‚ Return to work and number of hours working per week. 2. What statistics were used to describe the length of labor in this study? Mean and standard deviation were used to describe the length of labor. These were appropriate since mean and standard deviation can
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Project Integration Management S. Kenneth Merrill‚ PMP November 21‚ 2007 Project Management Tutorial Series Project Management Tutorial Series Scope Time Cost Quality Human Resource Communication Risk Procurement Project Success Knowledge Areas Initiating Planning Executing Monitor & Control Closeout Project Life Cycle Process Groups Eastern Idaho Chapter - PMI Project Management Tutorial Series Project Integration Management Discussion Outline: Introduction
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The Role of the management accountant in value creation Today’s management accountants are required to have competencies in cost management‚ performance measurement (financial and non-financial)‚ process management and risk management as a result play a fey role in decision making across the various functional areas of an organization Managerial accounting: the form of accounting concerned with providing information to managers for use in planning and controlling operations and for decision making
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