The entire sequence of activities that add value to a company's products and services is called ________
A) the value chain
B) the planning process
C) TQM production chain
D) Enterprise Resource Planning
A
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Which of the following is a criticism leveled against VAR models?
A. VAR models are based on classical rather than Keynesian economic theory. B. Var models are not based on data. C. VAR models are unable to isolate the effects of policy variables because those variables are not exogenous. D. VAR models isolate the effects of policy variables because those variables are exogenous variables.
In considering equity and debt financing, which of the following statements is true?
a. Compared to equity financing, debt is a more expensive source of funding. b. Interest and dividends payments are required to be made by the issuing corporation. c. In general, the higher the proportion of total debt-to-equity ratio, the greater the likelihood the firm will have difficulty in meeting its obligations in some future period. d. Most firms prefer to have no debt and rely on equity financing.
Cristal Clear, Inc., a manufacturer of water purification systems, has accidentally erased parts of its 2017 and 2016 financial statements. Help the company fill in the missing data using your knowledge of financial ratios.
a) Using the ratios provided, recreate the financial statements as shown using formulas.
b) Complete the financial statements using formulas that refer to existing data to fill in the remaining cells.
A disadvantage of the corporate form of business is
A) lack of mutual agency. B) professional management. C) ease of transfer of ownership. D) tax treatment.