The relationship among net profit margin, asset turnover, and financial leverage is known as _____
a. zero-based budgeting
b. the strategic profit model
c. opportunity costs
d. gross profit
b
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Managers at all levels are evaluated in terms of their ability to manage their areas of responsibility in keeping with organizational goals
Indicate whether the statement is true or false
Which concept below outlines the strategies and tasks to be undertaken, describes who will be responsible for each task, states when these tasks must be completed, and discusses the amount of financial resources needed to achieve the task?
a. Operational planning b. Tactical planning c. Divisional strategy d. Organizational strategy
As described in COSO, elements of a monitoring might include which of the following?
A. selecting and developing evaluations to ascertain whether the components of internal control are functioning B. performing evaluations to ascertain whether the components of internal control are functioning C. communicating internal control deficiencies in a timely manner to those parties responsible for taking corrective action D. all of the choices are correct
Jeremy holds 14.5% shares of stock in an automobile company. As per the company norms, if the company issues new stock, as an existing stockholder, Jeremy can buy 14.5% of the new shares before the stock is offered to the other investors of the company. Which of the following common stockholder rights does this scenario exemplify?
A. A prima facie right B. Tag-along right C. A preemptive right D. Right to a residual claim on assets