AC5023 Week-8 Quiz

 

Question 1

Partially correct

4.50 points out of 12.00

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Question text

Indicate whether each of the following is a revenue center, cost center, profit center, or investment center.

the Red Robin in Orlando, FL	Revenue Center
Procter and Gamble	Investment Center
Amazon	Profit Center
the Walmart in Winslow, AZ	Revenue Center
the baby section at JC Penney in St. Louis, MO	Revenue Center
Best Buy	Profit Center
the IT department at Sure Light	Cost Center
the sales department of StubHub	Profit Center

• Revenue Center

• Profit Center

• Investment Center

• Cost Center

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Your answer is partially correct.

You have correctly selected 3.

The correct answer is:

the Red Robin in Orlando, FL	Profit Center
Procter and Gamble	Investment Center
Amazon	Investment Center
the Walmart in Winslow, AZ	Profit Center
the baby section at JC Penney in St. Louis, MO	Revenue Center
Best Buy	Investment Center
the IT department at Sure Light	Cost Center
the sales department of StubHub	Revenue Center

Question 2

Correct

2.00 points out of 2.00

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For fiscal year 2022, Striker Manufacturing has total sales of $5,650,000 from which they earned an income of $444,000.  The company's average capital assets were $15,525,000.  Calculate the sales margin.

Type your response with no percentage sign and 2 decimals (for example: #.##)

Answer:

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$444,000/$5,650,000 = 7.86%

The correct answer is: 7.86

Question 3

Correct

12.00 points out of 12.00

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The balance scorecard provides various perspectives to which is relates.  For each of the following performance measures indicate the perspective:  financial, internal operations, learning and growth, or customer.

Days Outstanding for Receivables	Financial Perspective
R&D Costs	Financial Perspective
Number of Products Developed	Learning and Growth Perspective
Days from Factory Floor to Shipping	Internal Operations Perspective
Number of Repeat Customers	Customer Perspective
Suggestions Given by Customers	Customer Perspective

• Financial Perspective

• Financial Perspective

• Customer Perspective

• Internal Operations Perspective

• Learning and Growth Perspective

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Your answer is correct.

Question 4

Complete

Points out of 14.00

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Obtain the 2021 sustainability report for Amazon Company. Prepare a report that addresses the following issues:

A. How do the vision and mission statement on the company’s website relate to its definition of sustainability, if at all?

B. Who are the stakeholders? Do you think that the company has addressed the information needs of each stakeholder group?

C. What type of governance processes are in place to ensure that the Board of Directors’ values are aligned with sustainability?

D. How does Amazon tie sustainability to its risk-management system? What potential risks does Amazon face that could harm the company, the environment, or the community?

Answer text

A) Relationship between Amazon’s Vision/Mission Statement and

Sustainability:

Amazon’s vision is to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online. Their mission is to continually raise the bar of customer experience by using the internet and technology to help consumers find, discover, and buy anything.

The company's sustainability strategy is built around three pillars: climate, nature, and people. Amazon's vision and mission statement are aligned with its sustainability efforts as they reflect the company's focus on providing excellent customer service while minimizing its environmental impact and promoting social responsibility.

(B) Stakeholders and Information Needs:

Amazon's stakeholders include customers, employees, investors, suppliers, local communities, regulators, and non-governmental organizations (NGOs). The company has attempted to address the information needs of each stakeholder group in its sustainability report. For example, Amazon shares information about its supply chain sustainability, responsible sourcing practices, and climate targets to address the needs of customers, employees, and NGOs.

(C) Governance Processes:

Amazon has a Sustainability Governance Committee consisting of the company's senior leadership team, which includes the CEO, CFO, Chief Legal Officer, and other executives. The committee is responsible for overseeing the company's sustainability efforts and ensuring that the Board of Directors' values align with sustainability. Additionally, the company has a Sustainability Executive Steering Committee that is responsible for overseeing the implementation of sustainability initiatives across the organization.

(D) Sustainability and Risk Management:

Amazon ties sustainability to its risk management system by identifying potential risks related to its sustainability efforts, such as climate change, social and environmental impacts of its operations, and supply chain risks. The company has set science-based targets to reduce its carbon emissions, invests in renewable energy, and promotes sustainable packaging to reduce waste. Amazon has also established a Responsible Minerals Initiative to promote responsible sourcing of minerals used in its products.

In conclusion, Amazon's 2021 sustainability report shows that the company is committed to sustainability efforts and has taken steps to align its vision and mission with its sustainability goals. The report also provides insights into the company's governance processes and its approach to risk management related to sustainability issues.