Midterm Study Guide
Midterm Study Guide BA 101
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This 5 page Study Guide was uploaded by howellkaila on Friday January 30, 2015. The Study Guide belongs to BA 101 at University of Oregon taught by Tom Durant in Winter2015. Since its upload, it has received 952 views. For similar materials see Intro to Business in Business at University of Oregon.
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Date Created: 01/30/15
Midterm 1 Studv Guide BA 101 Are you wondering how to study for the Midterm in BA 101 Here is a helpful study guide for you to use Most of these answers can be found in your book or notes If you need a review of the notes or the chapters in the book I have most of those posted on my StudySoup profile page Happy Studying Chapter Private Enterprise Define the terms below Supply Marketing Demand Accounting Scarcity Production Uncertainty Finance Risk Planning Business Organizing Product Operating Profit Controlling Stakeholders Innovation Economic Cost Specialization Opportunity Cost Short Answer Questions What are the 4 conditions in the free enterprise system What does Research and Development do What does Marketing do What does Production do What does finance do Chapter Marketing Define the terms below Market Market Research Market Mix Market Strategy Target Marketing Products Price Promotion Short Answer Questions What are the 4 P39s of Marketing Placement Service Primary Research Secondary Research Market Segmentation Geographic Segmentation Demographic Segmentation What are the segments in market segmentation Why is it difficult to create a sales forecast What is the primary purpose of business How is the awareness of a product created How is the accessibility of a product created What does the ideal spot on the perceptual map mean Psychographic Segmentation Distribution Marketing Orientation Sales Forecast Diminishing Return Mean Time Before Failure MTBF NOTE You must be comfortable with all aspects of Foundation All of the equations we have learned in class available in Powerpoint on Blackboard or in your book how to read the FastTrack report etc Chapter 5 39s makeup assignment on Blackboard is great practice if you need it Chapter 3 Accounting Define the terms below Management Accounting Cash Flow Statement Financial Accounting 0 BE FAMILIAR WITH ALL TERMS Planning ASSOCIATED WITH THE FINANCIAL Stakeholders STATEMENTS P68 74 78 Accounting System Assets Operating Liabilities Controlling Owner39s Equity Budgets Revenues Cost Analysis Expenses Manufacturing Cost Reports 39 Net Income Balance Sheet Annual Reports Income Statement Dividend Short Answer Questions In what ways do external and internal users rely on accounting information What are the three financial statements the book goes over What is the difference between variable costs and period costs What can the cash flow statement provide for a business NOTE If you need help reading the statements balance sheetincome statement Class 6 395 Make up assignment can give you extra practice Chapter 4 Production Define the terms below Production 0 Source Operations 0 Make Human Resources 0 Deliver Raw Materials 0 Return Capacity Quality Control Economies of Scale Total Quality Management Master Production Schedule Quality Circles PERT Chart Benchmarking Inventory Control Justintime JIT Manufacturing Workinprocess Inventory Complement Carrying Costs Caliber Supply Chain Management Training 0 Plan Short Answer QUEStiOI IS What are the three aspects of Production What is the equation for profit What does it mean to automate something during production Think humans versus robots What are the benefits of total quality management What impact does Supply Chain Management have on the production process Are there benefits to quality control If so what are they At what percent does the labor cost decrease for every automation level added What is the equation for investing in automation What are the primary objectives of Total Quality Management What is continuous process improvement CPI What does Quality Initiative training do What does Concurrent Engineering do How have unions effected the workplace Overall Helpful Hints and Tips Know how to find the December Customer Survey Score Market Growth Potential Market Growth in relation to the sales forecast Know how to create a sales forecast Remember to add a month to your estimated production so you do not stock out If you have inventory left from last year account for that in your new sales forecast Know how to find the accessibility and awareness of a product and know how to determine what the sales and promo budgets will be from that Know how to find the Contribution Margin If you need extra help with understanding how foundation works you can go to the tutoring center OR you can read the foundation exercises in your book They may seem long but they have a lot of helpful information in them We only had one day to learn the information from Class 9 Go look at the missed class questions and MAKE SURE you can answer all of them GOOD LUCK ON MIDTERM 1
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