Explain the meaning of consistency as it applies to the evaluation of a corporate strategy.
What will be an ideal response?
Consistency refers to whether the diversification strategy is in alignment with the organization's goals and objectives. Does this manner of diversification introduce contradictions among different goals; for example, is it consistent with the firm's choice of generic business-level strategy? Can all participants readily identify and appreciate the direction, the commitments, the choices made, the expectations, and the desirable outcomes?
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If cost of goods sold is understated by $6,000 for this year, what effect will this have on income before income taxes in the following year?
A) understated by $3,000 B) overstated by $6,000 C) understated by $6,000 D) no effect
Fastlane Company has 50,000 shares of common stock and 20,000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. Preferred stockholders received dividends this year totaling $120,000. Common stockholders received dividends totaling $200,000. If the dividend payout ratio for the year was 80%, then the net income was:
A) $400,000 B) $370,000 C) $160,000 D) $250,000
Quon filed his Federal income tax return on time, but he did not remit the full balance due. Compute the amount of his failure to pay penalty in each of the following cases. The IRS has not yet issued a deficiency notice. a.Three months late, $5,000 additional tax due.b.Nine months late, $5,000 additional tax due.c.Five years late, $5,000 additional tax due.
What will be an ideal response?
In determining whether a holder acquired an instrument in good faith, which test is being used if the holder believed the transaction was honest in fact??
A)?Objective test B)?Value test C)?Subjective test D)?Honesty test