Which of the following is not a factor that helps to explain the extent to which employees and managers will be able to obtain a proportionately high level of the profits that they generate?
A. Employees have high bargaining power.
B. The cost of exit is high for an employee.
C. The cost of employee replacement is high.
D. Managers have low bargaining power.
Answer: D
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What would be reported for Ending Merchandise Inventory on the balance sheet at December 31, 2018 if the perpetual inventory system and the first-in, first-out inventory costing method are used?
Nichols Company had the following balances and transactions during 2018:
A) $5,740
B) $51,000
C) $39,100
D) $24,600
According to the Case: Abusive Leadership and Retaliation, how did the employee who was unjustly fired retaliate?
a. she burned her bosses car b. she shot and killed 3 managers and wounded 2 other employees c. she won a multimillion dollar lawsuit d. she started her own business and successfully “poached” several of her former employer’s cash cow clients
The ________ of a firm is the amount of time that elapses from the point when the firm inputs material and labor into the production process to the point when cash is collected from the sale of the finished product that contains these production
inputs. A) cash conversion cycle B) average age of inventory C) operating cycle D) average collection period
Cleveland Co.'s price/earnings ratio is 15.3. Its closest competitor, Walt, Inc. has a Price/Earnings ratio of 9.4. Which of the following would not be a valid conclusion to draw from a comparison of the two companies' Price/Earnings ratios?
A. Investors believe Cleveland Co. has a brighter future than Walt, Inc. B. The stock price of Cleveland Co. has been bid up due to rumors of a merger. C. Cleveland Co.'s stock is overpriced. D. Cleveland has been more profitable than Walt, Inc.