Which of the following is a disadvantage of a functional strategy?
A. It does not facilitate rich communication between members of the same department.
B. It cannot effectively address a higher level of diversification.
C. It frequently lacks the tools required to pursue a cost-leadership strategy.
D. It does not allow organizations to be flexible or innovative.
Answer: B
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A contingency must be accrued in the accounts and reported in the financial statements when
a. the amount of the loss can be reliably estimated and it is probable that an asset is impaired or a liability incurred. b. it is evident that an asset has been impaired or a liability has been incurred even though the amount of the loss cannot be reliably estimated. c. it is not certain that funds will be available to settle damages that may arise from a pending lawsuit. d. a loss is expected and its amount is uncertain.
________________ respond to new or nonroutine problems for which there are no proven solutions.
a. Executive decisions b. Strategy decisions c. Programmed decisions d. Non-programmed decisions
When writing a resume, which of the following is not a mandatory component?
A) E-mail address. B) Contact information. C) Career objectives. D) None of the above.
Which of the following statements is CORRECT? Assume that the project being considered has normal cash flows, with one cash outflow at t = 0 followed by a series of positive cash flows.
A. A project's MIRR is always less than its regular IRR. B. If a project's IRR is greater than its cost of capital, then its MIRR will be greater than the IRR. C. To find a project's MIRR, we compound cash inflows at the regular IRR and then find the discount rate that causes the PV of the terminal value to equal the initial cost. D. To find a project's MIRR, the textbook procedure compounds cash inflows at the cost of capital and then finds the discount rate that causes the PV of the terminal value to equal the initial cost. E. A project's MIRR is always greater than its regular IRR.