Which market segment criteria refers to the fact that segments must be large enough for the firm to make a profit by serving them?
A. actionable
B. measurable
C. substantial
D. accessible
E. differentiable
Answer: C
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According to the book, an HRIS
a. is defined only by the software–hardware configuration it uses b. is used to store data for use by the MIS department c. includes people, forms, policies, procedures, and data d. cannot be used to manipulate and analyze data
Barry and Larry are neighbours who often borrow tools and equipment from each other. On one occasion Barry borrowed Larry's lawnmower and forgot to return it. Two months later, Barry died and his wife Sylvia became the executor of his estate
Six months after Barry's death, Larry told Sylvia that he wanted back his lawnmower but Sylvia who refused to give it to him as she mistakenly believed that it had belonged to her husband. Which of the following statements best describes the legal position? A) Sylvia has committed the tort of conversion. B) Sylvia has committed the tort of trespass. C) Larry cannot recover the lawnmower as Barry has died and the law requires that he should have recovered it from the person to whom it was loaned. D) Sylvia has not committed any torts as she did not intend to act dishonestly. E) Sylvia has no obligations to return the lawnmower to Larry as she was not the one who had borrowed it.
Last year, XYZ Insurance Company had a combined ratio of 102.4 and lost $10.2 million on the insurance that it sold
The company, however, was required to pay income taxes. The best explanation for this apparent contradiction is that XYZ offset its underwriting loss with A) increased loss reserves. B) investment income. C) increased loss adjustment expenses. D) unearned premiums.
Your firm is currently 100% equity financed. The CFO is considering a recapitalization plan under which the firm would issue long-term debt with an after-tax yield of 9% and use the proceeds to repurchase some of its common stock. The recapitalization would not change the company's total investor-supplied capital, the size of the firm (i.e., total assets), and it would not affect the firm's return on investors' capital (ROIC), which is 15%. The CFO believes that this recapitalization would reduce the firm's WACC and increase its stock price. Which of the following would be likely to occur if the company goes ahead with the recapitalization plan?
A. The company's net income would increase. B. The company's earnings per share would decline. C. The company's cost of equity would increase. D. The company's ROA would increase. E. The company's ROE would decline.