(CMA adapted, Jun 97 #14) Refer to the Devlin Company example. Assuming there are no preferred stock dividends in arrears, Devlin Company's return on common shareholders' equity for the year ended May 31, Year 7, was
a. 6.3 percent
b. 7.5 percent
c. 7.8 percent
d. 10.5 percent
e. 15.5 percent
D
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The primary functions of management are ______.
A. producing change and movement B. producing positive leadership outcomes C. producing a creative vision D. producing order and consistency
The equation for finding the breakeven point may be written as
a. S – VC – FC = 0. b. VC – FC = S. c. S + FC = VC. d. S + VC + FC = 0.
Lightfoot, Inc, is an international shoe company that specializes in retailing medium-priced goods. Retail outlets are located throughout the world. Management wishes to create an image of giving the customer the most quality for the money spent
Selling prices are developed to attract customers away from competitors. End-of-the-month sales are a regular practice for all stores, with customers being accustomed to this practice. Company buyers are carefully trained and look for quality goods at lower prices. Competitors' prices are checked daily. Sales are targeted to increase a minimum of 7 percent per year. All sales yield a 12 percent return on assets. Sales personnel are expected to wear the company product, as well as appropriate clothing in order to properly display the product being sold. Personnel can purchase the shoes at 5 percent over cost. Cleanliness and professional appearance are required for all stores. Identify the pricing policy objectives of this company.
Answer the following statements true (T) or false (F)
Leadership consists of a process of influence for directing behavior towards accomplishing goals.