Explain how a back-of-the-napkin plan can be beneficial
What will be an ideal response?
: It can be a highly effective way of gaining clarity on the business idea and how it will work. There is something about sketching and pictures that makes an idea come alive. The back-of-the-napkin technique has connotations of social settings in cafes, restaurants, and bars, where people meet to discuss their ideas and find themselves jotting down spontaneous ideas on the closest thing to hand. Indeed, many great ideas started on the back of a napkin.
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One thing that organizational structure must include is:
A) The design of systems for effective communication. B) The standards of performance for all employees. C) The expected outcomes for all projects in the company portfolio. D) The mission and vision statements.
Planning refers to determining organizational goals.
Answer the following statement true (T) or false (F)
Which of the following firms would MOST likely be a successful candidate for acquisition and restructuring?
A. Medical practice B. Management consulting firm that has a tradition of long-term, client-consultant relationships C. Tire manufacturer established in 1910 D. Start-up communications technology firm
The firm's leverage ratio is 1.2, interest-burden ratio is .81, and profit margin is .24, and its asset turnover is 1.25. What is the firm's ROA?
A. .25 B. .3 C. .335 D. .372