The San Gabriel Valley Chapter of the Institute of Management

question 6

Multiple Choice

The San Gabriel Valley chapter of the Institute of Management Accountants sponsors four computer seminars each year: Access, Excel, PowerPoint and QuickBooks. Participants can sign up for any or all of the seminars; pricing varies with the number of seminars and with the participant's membership and professional status. For example, a student member of the IMA can sign up for one seminar for $30, or all four for $100. A non-member of the IMA, whether a student or not, would pay $50 for one seminar or $150 for all four. Elliot receives registrations via e-mail and collects payment at the beginning of each seminar.
-A flowchart of the preceding process would be organized in ___ columns.

• A) One.
• B) Two.
• C) Three.
• D) More than three.

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Definitions:

Local Employment Customs

The traditional practices, norms, and laws that govern hiring, working conditions, and worker relations in a particular geographic area or culture.

Location Economies

The cost advantage of performing each stage in the value chain at the lowest cost for that activity.

Multidomestic Strategy

A corporate strategy that involves a firm offering products or services that are tailored to suit the tastes and preferences of different local markets.

Local Level

Pertaining to a small, specific area, often a community or locality, focusing on localized issues, governance, or initiatives.