Of the internal stakeholders, the group that is the most critical to the success of a firm would be:
A) shareholders
B) employees
C) the labor union
D) customers
B
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An organization which adopts the innovation product/service strategy is often "first to market"
with its innovations, gaining a head start over its competitors. Indicate whether the statement is true or false
A location decision for an appliance manufacturer would tend to have what type of focus?
A) cost focus B) focus on finding very highly skilled technicians C) revenue focus D) environmental focus E) education focus
Which of the following statements is CORRECT?
A. A stock's beta is less relevant as a measure of risk to an investor with a well-diversified portfolio than to an investor who holds only that one stock. B. If an investor buys enough stocks, he or she can, through diversification, eliminate all of the diversifiable risk inherent in owning stocks. Therefore, if a portfolio contained all publicly traded stocks, it would be essentially riskless. C. The required return on a firm's common stock is, in theory, determined solely by its market risk. If the market risk is known, and if that risk is expected to remain constant, then no other information is required to specify the firm's required return. D. Portfolio diversification reduces the variability of returns (as measured by the standard deviation) of each individual stock held in a portfolio. E. A security's beta measures its non-diversifiable, or market, risk relative to that of an average stock.
The Haney Corporation has a standard costing system. Variable manufacturing overhead is applied on the basis of direct labor-hours. The following data are available for January:•Actual variable manufacturing overhead: $25,500 •Actual direct labor-hours worked: 5,800 •Variable overhead rate variance: $600 Favorable •Variable overhead efficiency variance: $2,475 Unfavorable The standard hours allowed for January production is: (Round your intermediate calculations to 2 decimal places.)
A. 5,975 hours B. 5,425 hours C. 5,250 hours D. 5,800 hours