IBM's Principal Reason for Existing Is to Earn a Profit

question 109

Multiple Choice

IBM's principal reason for existing is to earn a profit for its shareholders. The means by which IBM does this is through the manufacture of computers. These two statements describe, respectively, IBM's

• A) strategy.
• B) mission.
• C) policy.
• D) tactical plan.
• E) control process.

Gain proficiency in distinguishing between liquidity, profitability, and solvency ratios.

Understand the impact of trust and listening on organizational communication.

Recognize the limitations and challenges of communication mediums and strategies.

Distinguish between impersonal and personal communication and their roles in conveying information.

---

Definitions:

Row Values

Specific data points or entries within a row in a spreadsheet or database, representing various attributes of a single record.

Shortest Processing Time

A scheduling priority rule that sequences jobs or tasks based on the shortest time needed to complete them, aiming to minimize the overall processing time.

Processing Times

The amount of time required to complete a specific step or operation in the manufacturing or service delivery process.

Jobs Processed

The number of tasks or work items completed in a given period.