What, at a minimum, should goals for a strategic plan include?
At a minimum, goals must include the following:
Services to be provided
Resources needed to provide these services
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When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include the fact that
A. the countries have similar levels of economic development. B. the cultures of the two countries should be relatively similar and compatible. C. the two countries are part of the same regional trade agreement. D. export and import regulations are not insurmountable. E. the climate for foreign direct investment in the importing nation is relatively favorable.
Good business documents—no matter how tough or adversarial they are—should never be _____________
a. forgiving b. overly aggressive c. long-winded d. discourteous
Overhead costs:
A. Cannot be traced to units of product in the same way that direct labor can. B. Are directly related to production. C. Include only fixed costs. D. Can be traced to units of product in the same way that direct materials can. E. Are period costs.
At the optimum solution, what is the cost of tofu in the diet?
A school is trying to determine a nutritional diet to feed its students. The school would like to offer some combination of milk and beans. The school’s objective is to minimize cost, subject to meeting the minimum nutritional requirements of protein, calcium, and calories. The cost and nutritional content of each food, along with the minimum nutritional requirements are shown here.
A. $0.95
B. $1.22
C. $2.65
D. $1.50