Lance has set for his business the goal of increasing revenues by 20% and profits by 15% by the end of the year. Lance is likely high in
A. tolerance of risk.
B. opportunity obsession.
C. leadership abilities.
D. motivation to excel.
Answer: D
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When a dividend is declared and paid in stock,
a. total stockholders' equity does not change. b. total stockholders' equity decreases. c. the current ratio increases. d. the amount of working capital decreases. e. None of these choices is correct.
For the lot-sizing technique known as lot-for-lot to be appropriate:
A) future demand should be known for several weeks. B) setup cost should be relatively small. C) annual volume should be rather low. D) item unit cost should be relatively small. E) the independent demand rate should be very stable.
What are the alternatives that a small business owner can consider in order to increase profits?
What will be an ideal response?
Rodney Ranger is a shoe salesman for More Co. He is paid $8.60 per hour plus a commission of 3% on all sales. For the week, assuming Rodney works 30 hours and has sales of $2,400, what is his gross pay?
What will be an ideal response?