1Which of the following are the primary functions of all org

1.Which of the following are the primary functions of all organizations?

a. production/operations, marketing, and human resources

b. marketing, human resources, and finance/accounting

c. sales, quality control, and production/operations,

d. marketing, production/operations, and finance/accounting

e. research and development, finance/accounting, and purchasing

2. According to the authors, which of the following strategic concepts allow firms to achieve their missions?

a. productivity, efficiency, and quality leadership

b. differentiation, cost leadership, and quick response

c. differentiation, quality leadership, and quick response

d. distinctive competency, cost leadership, and experience

e. differentiation, distinctive competency, quality leadership, and capacity

3. The phases of project management are

a. planning, scheduling, and controlling

b. planning, programming, and budgeting

c. planning, organizing, staffing, leading, and controlling

d. different for manufacturing projects than for service projects

e. GANTT, CPM, and PERT

4. Forecasts

a. become more accurate with longer time horizons

b. are rarely perfect

c. are more accurate for individual items than for groups of items

d. all of the above

e. none of the above

Solution

1.marketing, production/operations, and finance/accounting

Finance

The finance function is responsible for securing and distributing funds for operations.

This function is responsible of purchasing goods, supplies, and services which are required to carry out marketing and operational activities.

Budgeting and forecasting expenses, revenue, profits, costs, and debt are major functions  that the finance department of any business should be able to deliver successfully.

Marketing

The marketing function is responsible for ensuring the business has customers. The marketing efforts of a firm should target on ensuring that the products of the business are able to meet the needs and wants of the customer. The marketing department must ensure that the target market is aware that the firms goods and services, and further, are aware that the products are able to meet their needs and wants. This \"awareness\" must be effective enough to convince an good portion of the target market to purchase the goods or services as a means to meet their needs and wants.
Operations

Operations function is responsible for cresting the goods and services of a business. Operations is responsible for producing what the company sells with in the boundaries of the budgets and forecasts provided by the finance department and the supply and demand forecasts given by the marketing department. Operations must  manufacture products in line with what the marketing department has dictated is necessary to meet the needs and wants of the customer

2.differentiation, cost leadership and quick response

3.planning, scheduling, and controlling

4.are rarely perfect