You have just landed an internship in the CFO's office of Hawkesworth Inc. Your first task is to estimate the Year 1 cash flow for a project with the following data. What is the Year 1 cash flow?
Sales revenues$13,000
Depreciation$4,000
Other operating costs$6,000
Tax rate25.0%
A. $6,250
B. $6,406
C. $6,566
D. $6,731
E. $6,899
Answer: A
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Which of the following is the first major step in a typical control process?
A) comparing performance with standards B) setting standards C) taking corrective action D) developing values E) measuring performance
Which of the following is NOT a challenge related to social responsibility?
A. Actions that may seem good for society may be costly to a firm. B. It is impossible to know what impact a firm's actions will have on future generations. C. Some consumers make purchases based on the perceived societal benefits of a product or service. D. Acting to satisfy one group of stakeholders may anger another group of stakeholders. E. There is little agreement on who gets to determine what is "good" for society.
The machinery in a plant is old and was designed for use by an "average-sized male.". Citing safety concerns, the company hires only average-sized males for jobs working in the plant. If a female applicant for a job at the plant is not hired and sues, a court would most likely rule that:
a. the employer violated Title VII by facially discriminating based on sex b. the employer violated Title VII by not attempting to accommodate women so that they could work in the plant c. the employer violated Title VII because the selection criterion of size has an adverse impact on women and is not job related and consistent with business necessity d. the employer did not violate Title VII because the employer could establish a BFOQ based on its safety concerns e. the employer did not violate Title VII because any adverse impact its hiring criterion created was justified as job related and consistent with business necessity
Despite not having achieved his annual targets, Ted, a bank salesman, got high scores for his performance appraisal because his manager is fond of him. Which of the following common appraisal goofs did Ted's manager make?
A. The once-a-year wonder B. Straight from the gut C. The "me filter" D. What have you done for me lately?