Suggestion Boxes Are a Good Idea, but If They Are

question 16

Multiple Choice

Suggestion boxes are a good idea, but if they are used, ________.

• A) managers should explain why suggestions are feasible or not
• B) each suggestion should be logged into a database available to all employees
• C) employees should be adequately rewarded for every idea they submit that is implemented
• D) no anonymous suggestions should be accepted

Understand the role of a feasibility study in the business planning process.

Identify the importance of market analysis and competitive analysis in a business plan.

Recognize the significance of conveying business weaknesses and strategies to overcome them.

Differentiate between the Business Model Canvas and more traditional business planning documents.

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Definitions:

Exhaustible Resource

A natural resource that can be depleted and is not replenished over a short geological time frame.

Discount Rate

The discount rate is the interest rate used in discounted cash flow analysis to determine the present value of future cash flows, reflecting the time value of money and risk.

Net Present Value

A financial metric that calculates the difference between the present value of cash inflows and outflows over a period, used in capital budgeting to assess the profitability of an investment.

Online MBA

A Master of Business Administration program that is delivered fully or partially through internet-based learning platforms.