to them later with the "Go To First Skipped Question" button. Which point of view is most likely representative of the HR position? Self-paced online learning with access to pre-recorded course modules delivered by an instructor. Why is operations an important element of business acumen? What is at the heart of the customer-vendor relationship in supply chain management? Click Here Which of the following would not be used for business analytics? on your results. Which financial statement shows the book value of a company? What type of strategical decision making is focused on planning, implementing and coordinating production and supply or products? What is at the heart of the customer-vendor relationship in supply chain management? Which of the following is NOT a type of business model? Be the first to hear about our exclusive offers and news by subscribing to our newsletter. If you are scanning your company's external environment looking for unmet needs and wants, at what stage of product development are you working? This course covers the essential skills, behaviors and actions that support the understanding and development of business acumen–helping you learn to see "the big picture," understand finance concepts, recognize the important relationship between compensation plans and the bottom line, and make wiser decisions. For more information please see our, Certified Compensation Professional (CCP) - Canada, Advanced Certified Compensation Professional (ACCP), Certified Executive Compensation Professional (CECP), Certified Sales Compensation Professional (CSCP), WorldatWork 2012 Total Rewards Professionals' Career Census, {{sponsor.contactPhoneCountryCode}} {{sponsor.contactPhoneAreaCode}} {{sponsor.contactPhoneNumber}}, Business acumen skills and behaviors and key competencies, Importance of business acumen to organizations and individuals, Competitive strategies and market position, The organization's bottom line and its impact on compensation, Common tools and approaches for evaluation, Identifying resources and where data comes from, Engaging and contributing to discussions with non-compensation colleagues, Assesses current and future staffing needs, Sources appropriate data for fact-based decision making, How an organization works and who they are. Doug and James decide to form a _____, which will allow James to contribute his capital, receive a share of the profits, but limit his liability. Accounting. What is the other half of a business plan? Earn Transferable Credit & Get your Degree.
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Why should a business not fear setting goals? 2. Contact us by phone at (877) 266-4919, or by mail at 100 View Street #202, Mountain View, CA 94041. How do business objectives differ from goals? It allows a manager to step in and perform any task necessary. What is the best definition of forecasting? John and Mark have opened a law firm through a general partnership agreement. It's not a necessary skill outside of leadership.

9. It will require hiring for a large number of open positions. Establishing goals is only half the work in a business plan. Their competitors do not set goals on a regular basis. Test Your Knowledge Business Acumen for Compensation Professionals (C8) Instructions: Choose an answer for each question and then click on the "Get Results" button at the end of the quiz. ',' : ''}} {{hotel.state}} {{hotel.postalCode}}, {{roomRate.roomType}}: {{roomRate.roomRate}} (Cut-Off Date: {{roomRate.cutoffDate}}).

Copyright  •  Privacy Policy  •  Site Map  •  Community Terms and Conditions Which of the following is an example of a good in economics? Services. Business acumen is understanding _______________ and how it achieves its goals and objectives.

The main purpose of research and development is to expand the frontiers of human understanding and improve society as a whole. a corporation where policy decisions of the board of directors flow down through the corporation. 6. Which of the following would not be used for business analytics? They are never part of the business plan. The quality control team ensures that every item is perfect.
All other trademarks and copyrights are the property of their respective owners. to view our policies on payments, returns, class schedules, registration, cancellation, and more. In fact, strategic business understanding was one of eight key differentiators of top performers according to the WorldatWork 2012 Total Rewards Professionals' Career Census. 7. The new knowledge generated from research and development always leads to new products and/or processes. Choose your answers to the questions and click 'Next' to see the next set of questions.

The quality control team flags Product A for manufacturing defects. Module 1: Introduction to Business Acumen. : 10. To have a clear understanding of what the business expects to accomplish through a specific time period. Operations analysis helps a manager assess what the competition is doing. : 2. Learn what it takes to apply key business acumen skills and behaviors. By … Others can elect for this type of arrangement. Doug will manage the day-to-day operations. Certified Compensation Professional (CCP), Phone: {{sponsor.contactPhoneCountryCode}} {{sponsor.contactPhoneAreaCode}} {{sponsor.contactPhoneNumber}}, This site uses cookies to analyze traffic and for ad measurement purposes.


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