A skills inventory (human resource information system) is a computerized databank containing information on the education, skills, and experience of all present employees.The correct answer is C.

Leading, also referred to as directing, is more dynamic than planning and organizing functions. Leading, in other words the leadership process, is about guiding the organization and/ or the group towards the goals. Leading involves more complex activities than what managers do.5 A manager is the person who does the managing job; a leader guides and motivates employees or groups for attaining goals. The correct answer is D.

Companies usually finance their long-term assets with long-term resources such as long-term trade credit extended by their suppliers, long-term leasing, long-term bank loans, or by issuing bonds or stocks

Scope of marketing is not limited with products (good and services), which are intended to be commercially sold. The following are also in the scope of marketing: • Events, such the Olympics where different types of sports are played by thousands of different players from around the world, • Places, such as Paris as the most romantic destination for honeymoon, • Organizations, such as the World Wild Life, trying to lead initiatives on preserving wild life on earth, • Persons, such as Marilyn Monroe, who has become the icon for beauty and the symbol of “dumb blonde” character in Hollywood, • Experiences, such as Disneyland theme park, with over 650 million visitors since it opened. 

Therefore option E has the correct description.

Continuous flow process: This type of flow process is usually used in process industries such as paper, chemicals, bulk foods, petroleum and water. ?

The production system has the following characteristics: 1) Production is an organized activity; thus every production system has an objective. 2) The system transforms the various inputs to useful outputs. 3) It does not operate in isolation from the other organizational systems. 4) There exists a feedback about the production activities, which is essential to control and improve system performance.

Supply chain management (SCM) is the oversight of materials, information, and finances as they move in a process from supplier to manufacturer, wholesaler, retailer, and consumer. Supply chain management coordinates and integrates these flows both within and among companies. One argument is that the ultimate goal of any effective supply chain management system is to reduce inventory (with the assumption that products are available when needed). SCM represents an effort by suppliers to develop and implement supply chains that are as efficient and economical as possible.

Scope of marketing is not limited with products (good and services), which are intended to be commercially sold. The following are also in the scope of marketing: • Events, such the Olympics where different types of sports are played by thousands of different players from around the world, • Places, such as Paris as the most romantic destination for honeymoon, • Organizations, such as the World Wild Life, trying to lead initiatives on preserving wild life on earth, • Persons, such as Marilyn Monroe, who has become the icon for beauty and the symbol of “dumb blonde” character in Hollywood, • Experiences, such as Disneyland theme park, with over 650 million visitors since it opened.

IRR is the discount rate that equates the present value of future cash flows with the initial outlay of the project. If the IRR is above the shareholders’ required rate of return, then the project should be accepted. However, if the IRR of the project is below the required rate of return, it should be rejected.

Preemptive rights gives the preferred stockholders the right to purchase new shares of stock proportionate with their existing share of ownership.

Shopping products require more effort on the part of consumers since they are less frequently purchased. Refrigerator is a shopping - durable product.

The flow process is a very common method of production. This type of process is used when the product is built up through many separated stages in a sequence. This production method is financially the most efficient and effective because there is less of a need for skilled workers.

A budget is a plan to show how much money a person or organization will earn and how much they will need or be able to spend.

“Big-data” in this new era represents large and complex sets of data collected through primary data collection methods and data readily available on the web.

Mass customization means tailoring products to meet the needs of a large number of individual customers. The correct answer is D.

Financing decisions involve decisions about how much profit to distribute as well as how to finance the resources of the company. As businesses invest in assets to carry on their operations, they must make decisions regarding how to finance these resources.

Production is defined as the transformation of tangible and intangible inputs into goods or services. In other words, production is the transformation or conversion of a set of inputs, such as raw materials, labor, knowledge, into one or more outputs such as tables, cars, and banking services.