James Brolen Is a Man of Many Talents and Abilities

question 71

Multiple Choice

James Brolen is a man of many talents and abilities.After six months in business,however,things aren't going well,and Brolen doesn't quite understand why.Among other things,he sometimes worries more about problems at home than about customer needs,spends a little too much time poring over e-mails,and tries to balance work and life by keeping up with a couple of hobbies.What's Brolen's biggest problem?

• A)Lack of time-management skills
• B)Lack of customer focus
• C)Lack of managerial experience
• D)Lack of financial focus

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Definitions:

Process Cost System

An accounting system used to track and allocate costs of production by processes or departments, commonly used in industries where goods are produced in a continuous process.

Advertising Company

A business specializing in creating, planning, and handling advertising and sometimes other forms of promotion for its clients.

Chemical Company

A business entity that specifically focuses on the manufacturing, research, and sale of chemicals and chemical-based products.

ABC Philosophy

Stands for Activity-Based Costing, a philosophy that allocates overhead and indirect costs to specific activities, leading to more accurate product or service costing.