Reggie is a customer who never complains when the waiters of a restaurant are sloppy; he simply makes it a point to visit another restaurant if he continues to face the same issue with a particular restaurant. Reggie best exemplifies a(n) ________ customer.
Fill in the blank(s) with the appropriate word(s).
nice
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Where is access control exercised in the purchasing/cash disbursement functions?
A winning strategy is one that
A. fits the company's internal and external situation, builds sustainable competitive advantage, and improves company performance. B. builds strategic fit, is socially responsible, and maximizes shareholder wealth. C. results in a company becoming the dominant industry leader. D. can pass the ethical standards test, the strategic intent test, and the profitability test. E. is highly profitable and boosts the company's market share.
Facts, figures, ideas, and events are all considered ____________________, whereas ____________________ is data with meaning.
Fill in the blank(s) with the appropriate word(s).
This year, Ferro Inc. generated sales of $10 million. Its fixed operating cost is $1 million and its variable cost ratio is 30 percent of sales. Ferro has $60 million of debt outstanding with a before-tax cost of 12 percent. Which of the following statements about Ferro's times interest earned (TIE) ratio is correct?
A. Ferro's TIE ratio is 1.20, which suggests it has enough earnings to meet the required interest payments. B. Ferro's TIE ratio is 0.83, which suggests it does not have enough earnings to meet the required interest payments. C. Ferro's TIE ratio is 0.83, which suggests it has enough earnings to meet the required interest payments. D. Ferro's TIE ratio is 1.39, which suggests it does not have enough earnings to meet the required interest payments. E. Ferro's TIE ratio is 1.00, which suggests it has just enough earnings to meet the required interest payments.