Great Outdoors Company operates a store in downtown Denver that has five departments including a fishing department. If the fishing department is closed, the store manager's position will not be affected, but if the entire store is closed, the manager will be terminated. Which of the following lessons should be learned from this example?
A. Relevance of costs is context sensitive.
B. Sunk costs cannot be avoided.
C. Opportunity costs are always present.
D. Information does not have to be precisely accurate in order to be relevant.
Answer: A
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According to Bossidy and Charan, which business process is most important for effective execution?
A. Strategy B. People C. Alignment D. Operations E. Research
On June 1, Kareem sends Fatima an e-mail offering to build her a new garage for $20,000. In his e-mail, Kareem wrote, "acceptance by certified mail is advisable." On June 2 at 8 a.m., Kareem sends Fatima a certified letter attempting to revoke the offer. At 2 p.m. the same day, Fatima mails Kareem a letter via certified mail attempting to accept his offer. Under these circumstances, ________.
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a. "seller take care" b. "empty the cave of deceit" c. "buyer beware" d. "truth shall prevail"
The true owners of the corporation are the
A) board of directors of the firm. B) holders of debt issues of the firm. C) common stockholders. D) preferred stockholders.