Which of the following is a step in the strategy implementation process?
A. Select goals and plans.
B. Evaluate competitor's resources.
C. Define strategic tasks.
D. Determine alternative goals and plans.
E. Complete a situation analysis.
Answer: C
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Given free trade, small nations tend to benefit the most from trade since they
a. are more productive than their large trading partners. b. are less productive than their large trading partners. c. have demand preferences and income levels lower than their large trading partners. d. enjoy terms of trade lying near the opportunity costs of their large trading partners.
The balance sheet of Sound Designs reports total assets of $750,000 and $800,000 at the beginning and end of the year, respectively. Sales revenues are $1.5 million ($1.2 million in the previous year), net income is $150,000, and net cash flows from operating activities are $175,000. What is Sound Designs' asset turnover?
A. 2.0 times. B. 0.5 times. C. 1.9 times. D. 1.7 times.
Steve owns 64% and Mark owns 36% of a partnership business. They purchase equipment with a suggested value of $9600. The current market value of the equipment at the time of purchase was $9100. At the time of the balance sheet preparation, depreciation of $160 was recorded. Based on the information provided, which of the following is TRUE of the partnership?
A) The Equipment account will be debited at $9100 on the date of purchase. B) The Equipment account will be debited at $8940 on the date of purchase. C) The Equipment account will be debited at $9600 on the date of purchase. D) The Equipment account will be debited at $9440 on the date of purchase.
When a new computer programmer is needed at Acme Global, the human resource manager will often look to LinkedIn for candidates. This is an example of how social media is used in ______.
A. recruitment and selection B. onboarding C. training and development D. performance management