The final step in the planning process is to
A. formulate strategies.
B. establish forecasting methods.
C. set goals and objectives.
D. evaluate results.
E. implement recruiting methods.
Answer: D
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Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year.
Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.)
A) 3.96%
B) 5.55%
C) 21.80%
D) 12.29%
Introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called ________ ________.
Fill in the blank(s) with the appropriate word(s).
Classical optimization is the use of ________ to determine the optimal value of a variable
A) calculus B) linear programming C) nonlinear programming D) goal programming
Steve Shredder promised to move all practice sessions of his high-volume group the "Scan Jet Fondue" to a location far from his home in exchange for his neighbor Osgood Wheet's promise to pay the music group $300 a month for nine months, commencing immediately. The mutual promises are
a. enforceable, because each party enjoys some resulting legal benefit and each suffers some legal detriment. b. unenforceable, because playing of music wherever, whenever, and however one pleases is guaranteed as human expression under the Bill of Rights. c. unenforceable, because tastes in music—or in other art forms—are not to be disputed, and the simple absence of music (or noise) is too intangible to have measurable value. d. enforceable if in writing, but not if the agreement is oral.