Management's Ranking of Business Units and Establishing a Priority for Resource

question 28

Multiple Choice

Management's ranking of business units and establishing a priority for resource allocation should

• A)utilize activity-based costing and benchmarking to determine the funding needs of each business unit.
• B)first consider the strength of funding proposals presented by managers of each division or business unit.
• C)give priority for funding to cash-hog businesses.
• D)put business units with the brightest profit and growth prospects and solid strategic and resource fits at the top of the investment priority list.
• E)always make the company's business units with strong resource strengths and competitive capabilities the central focus of funding initiatives.

Grasp the impact of social media and knowledge management systems on organizational knowledge sharing.

Understand the requirements for making credible recommendations and forming valid conclusions based on research.

Appreciate the significance of avoiding biases and maintaining accuracy in the formulation of survey questions.

Differentiate between conclusions and recommendations in the context of a research report.

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Definitions:

Puffery

Exaggerated or hyperbolic claims made by a seller about a product or service, often considered legal and not literally true.

Express Warranty

A guarantee made by a seller that a product will meet certain quality and reliability standards.

Product-Identification Label

Labels on products providing information about the manufacturer, brand, and specific details about the product, often used for tracking and identification purposes.

Description of Goods

A detailed account or specification of the physical and sometimes functional characteristics of goods in a contract for sale.