Assuming that under-performing businesses will always exist, are firms like KKR a real benefit to society?
What will be an ideal response?
One of the claimed strengths of so-called western capitalism has been its capacity to identify
underused and poorly managed enterprise assets, prompting actions by external agents to rectify the
situation. Thus, ownership and control must be capable of changing and enterprises like KKR are in
principle valuable agents of change. However, their characteristic approach, taking public companies
into private ownership, often using debt funding that is then applied to the balance sheet of the
acquired enterprise raises many concerns. Transparency is reduced and high debt is often reduced by
asset stripping, justified in the name of enhancing efficiency. The financial rewards are typically not
widely shared, going to a relatively few shareholders (executives) of these change agents. Studies
done on conglomerates such as Hanson between the 1960s and 1980s cast doubt on the extent of
genuine, net value creation. Thus the actions of modern private equity firms like KKR raise long run
performance issues as well as ethical and governance issues.
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When interviewing, acting like you are ready to be in the workplace is accomplished by _____
A) being ready when you arrive B) having copies of your resume and other supplemental material C) managing first impressions D) paying attention to body language and eye contact E) turning your cell phone off
Accounts receivable arising from trade transactions amounted to $44,000 and $53,000 at the beginning and end of the year, respectively. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is
A) $105,000 B) $114,000 C) $96,000 D) $158,000
A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a:
A. Time ticket. B. Factory payroll record. C. Payroll Register. D. Factory Overhead Ledger. E. General Ledger.
A barbecue sauce producer makes their product in an 80-ounce bottle for a specialty store. Their historical process mean has been 80 ounces and their tolerance limits are set at 80 ounces plus or minus 1 ounce
What does their process standard deviation need to be in order to sustain a process capability ratio of 1.66? A) 0.10 B) 0.20 C) 0.25 D) 0.33