An IT company uses industry average as a standard for measuring its financial performance. Here, the industry standard is used as a(n) ________
A) scheme
B) outline
C) benchmark
D) objective
C
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If a company ________, it should adopt a product sales force structure, in which the sales force specializes along product lines
A) specializes in a single product B) manufactures a small number of simple products C) maintains that product specialization is counter productive D) has numerous and complex products E) lacks salespeople with superior technical know-how
As a company manager for Claimstat Corporation there is a 0.40 probability that you will be promoted this year. There is a 0.72 probability that you will get a promotion, a raise, or both. The probability of getting a promotion and a raise is 0.25
a. If you get a promotion, what is the probability that you will also get a raise? b. What is the probability that you will get a raise? c. Are getting a raise and being promoted independent events? Explain using probabilities. d. Are these two events mutually exclusive? Explain using probabilities.
The rational model of decision making explains how managers should make decisions. It assumes that managers are completely objective and possess all information for their decisions. In this model, decisions thus demonstrate excellent logic and promote the organization's best interests.
Answer the following statement true (T) or false (F)
The major shortcoming of the EBIT-EPS approach to capital structure is that ________.
A) the technique does not promote the maximization of shareholder wealth B) the technique does not consider the cost of capital C) the technique only considers leverage-related risk D) the technique does not maximize earnings per share