Analysts use the quick ratio (also known as the acid test ratio) and the current ratio. The use of both ratios has become common because
A) the quick ratio is much easier to compute than the current ratio.
B) interpretation of the current ratio is more difficult because of its complexity.
C) the acid test is a more severe test of a company's liquidity.
D) the acid test a better measure of management's effectiveness.
C
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Answer the following statements true (T) or false (F)
1.An organization’s strategy is a plan of action designed to achieve a particular set of objectives. 2.An organization’s vision is a statement laying out expectations of what the organization is going to do in order to become the organization that it has envisioned. 3.An organization following a cost leadership strategy will be most interested in minimizing all internal costs, including employee costs. 4.An organization following a differentiation strategy will be more concerned with employees who are flexible and adaptable, who have the ability to innovate and create new processes, and who can work in uncertain environments within cross-functional teams. 5.The mission statement refers to the way in which an organization groups its resources to accomplish the organization’s mission.
Chloe works for a corporation that owns seven different fast food chains. While each of the chains appears to customers to be an independent business, their growth strategies are closely coordinated at the corporate Level to be sure the building of a new restaurant for one chain doesn’t interfere with the success of other corporate-owned chains. On the other hand, since each of the chains offers a different type of food and targets a different demographic, each one handles its own marketing strategy more or less independently. Given this, it seems likely that Chloe’s corporation is using a ______ structure.
a. conglomerate b. modular c. matrix d. divisional
The theory of ________ refers to a theory of trade relationship that encourages nations to concentrate on exporting the goods they can produce most efficiently
A) contributory advantage B) new trade C) absolute advantage D) traded intermediate goods
Research shows that a lead pay strategy reduces turnover.
Answer the following statement true (T) or false (F)