The harvesting of a business should cause the entrepreneur to ask for advice from the experts who helped build the company.
Answer the following statement true (T) or false (F)
False
Rationale: These experts may not be the best ones to use since they may not experience in selling firms.
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All of the following actions can help a business manage its cash flows except
a. convince its creditors to allow payment over a period of time. b. pay for all expenditures immediately. c. be efficient in making collections from its customers. d. arrange for a line of credit at the bank, should the funds be needed.
Using a single performance evaluation criterion for an investment center
a. is most effective because a manager can concentrate on a single goal. b. can result in manipulation of the performance measure. c. allows multinational investment centers' performances to be equitably compared. d. is only appropriate if the criterion is non-monetary.
The labor rate variance is computed by
A) (Actual Rate x Actual Hours) - (Standard Rate x Standard Hours). B) (Standard Rate x Actual Rate) - (Actual Rate x Actual Hours). C) (Actual Rate x Standard Hours) - (Standard Rate x Actual Hours). D) (Actual Rate x Actual Hours) - (Standard Rate x Actual Hours). E) None of these.
A noncompete agreement will not be found not to violate public policy so long as it meets the
required tests for reasonableness. Indicate whether the statement is true or false