The CEO said, "Every six months or so, my senior management team and I meet to discuss the goals that will be achieved over the next year, three years, and beyond. We then make sure we are clear on who will take responsibility to see that appropriate actions are undertaken to achieve our goals within the time frame we set." The CEO is describing the management function of
A. planning.
B. leading.
C. organizing.
D. decision making.
E. controlling.
Answer: A
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If a research and development cost has alternative future uses, then the company
A) expenses the cost in the period incurred. B) follows normal accrual procedures. C) adds the cost to inventory. D) adds the cost to property, plant, and equipment.
In January, Eddie contracts to sell 100 bushels of soybeans that fall. This contract:
a. is void. He cannot contract to sell a crop before it is even planted; the goods must be in existence. b. is void. The soybeans must be identified to the contract at the time he contracts to sell them. c. can be valid; but title to the soybeans cannot pass until the soybeans exist. d. can be valid, and title to the soybeans passes when the contract is signed.
Which of the following models can be used when demand exhibits both trend and seasonal patterns?
a. simple exponential smoothing b. second-order or double smoothing c. third-order or triple smoothing d. complex exponential smoothing
Which of the following is true of repositioning?
A. It involves avoiding any alterations with the brand's existing position. B. It occurs only in companies that enjoy a monopolistic market structure. C. It is aimed to stem a decline in sales or counter stagnant sales. D. It must be practiced only during an economic downturn situation. E. It usually occurs due to a boom in the company's sales.