Financial information for Retro Designs includes the following selected data: Net income (in millions)$175 Preferred stock dividends (in millions)$25 Average common shares outstanding (in millions) 250 Stock price$10.00 What is the company's price-earnings ratio?
A. 5.7.
B. 15.0.
C. 14.3.
D. 16.7.
Answer: D
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In the two-period model, an increase in the real interest rate causes the budget constraint to
A. shift to the left in a parallel fashion. B. shift to the right in a parallel fashion. C. rotate in a clockwise direction. D. rotate in a counterclockwise direction.
The extent to which a culture’s members believe that institutional and organizational power should not be shared equally and that all decisions by power holders must be accepted is known as which of these terms?
A. expert power B. referent power C. coercive power D. power distance
Which of the following is NOT an advantage resulting from a firm outsourcing its customer service process?
A) Specific detailed questions can be answered by the customer service representative. B) The firm gains more control over the customer interface process. C) Customer service labor costs are low. D) Automated systems are replaced by human contact.
______________________________ involves the creation of roles, processes, and formal reporting relationships in an organization.
Fill in the blank(s) with the appropriate word(s).