For performance evaluation purposes, variable service department costs should be charged to operating departments in predetermined, lump-sum amounts.
Answer the following statement true (T) or false (F)
False
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Rodrico tells his subordinates to make their quarterly financial goals by any means possible. His followers are likely to feel a sense of ______.
A. excitement B. anomie C. resistance to authority D. failure
Measurable objectives are rational and allocate an adequate amount of resources to support their
completion. Indicate whether the statement is true or false
A competitive advantage based on inimitability can be sustained for at least some time, if it has the following characteristics:
A. physical uniqueness, path dependency, causal ambiguity, and social complexity. B. psychographic uniqueness, path dependency, causal ambiguity, and substitutability. C. rarity, path dependency, causal ambiguity, and social substitutability. D. geographic uniqueness, cause dependency, social ambiguity, and path complexity.
Which of the following statements is CORRECT?
A. If a firm lowered its fixed costs while increasing its variable costs, holding total costs at the present level of sales constant, this would decrease its operating leverage. B. The debt ratio that maximizes EPS generally exceeds the debt ratio that maximizes share price. C. If a company were to issue debt and use the money to repurchase common stock, this action would have no impact on its return on invested capital. (Assume that the repurchase has no impact on the company's operating income.) D. If changes in the bankruptcy code made bankruptcy less costly to corporations, this would likely reduce the average corporation's debt ratio. E. Increasing financial leverage is one way to increase a firm's return on invested capital.