?With the improvement in the technology and understanding of discounting techniques, both NPV and IRR methods of capital budgeting became more popular because _____.
A. ?these techniques provide correct decisions with respect to payback period minimization
B. ?these techniques provide correct decisions with respect to the maximization of the required rate of return
C. ?these techniques provide correct decisions with respect to value maximization
D. ?these techniques provide correct decisions with respect to the minimization of the number of IRRs for every project
E. ?these techniques provide correct decisions with respect to the maximization of the initial capital investment
Answer: C
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Answer the following statements true (T) or false (F)
1. Empowerment is especially advisable if the business environment is highly predictable. 2. Just as customers define the quality and value of the guest experience, so do managers define the quality and value of the employment relationship. 3. Ownership in company stock can help employees feel more invested in the company’s success. 4. Every hospitality manager should understand this basic principle: Rewarded behavior tends to be repeated; unrewarded behavior tends not to be repeated.
How does the collection of cash from a customer who was previously put on account affect the accounting equation?
A) assets decrease; owner's equity decreases B) assets increase; owner's equity increases C) assets increase; assets decrease D) assets increase; liabilities increase
Operations management refers to the systematic design, direction, and control of ________ that transform ________ into products and services
Fill in the blanks with correct word
Which of the conditions prevail when an industry is at the end of its life cycle?
A. The level of process innovation reaches its maximum as firms attempt to lower cost. B. The strategic objectives of businesses will involve gaining market acceptance. C. The industry structure is perfectly competitive with a large number of buyers and sellers. D. The market reaches its maximum size at this stage.