When the payment for an annuity is made at the end of each period, such an annuity is referred to as a(n) _____.?
A. ordinary annuity?
B. ?annuity due
C. ?immediate annuity
D. ?deferred annuity
E. ?discounted annuity
Answer: A
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Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because of all the following reasons EXCEPT
A. a change in strategy nearly always calls for budget reallocations and resource shifting. B. without major budget reallocations there is little chance that desired core competencies and organizational capabilities will emerge. C. resource allocation involves screening of requests for people, facilities, and equipment, and approving them whether they contribute to the strategy execution effort or not. D. too little funding deprives organizational units of the necessary resources to execute their piece of the strategic plan while too much funding wastes organizational resources and reduces financial performance. E. lean, carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash.
Which of the following is NOT one of the phases of the CPFR process?
a. analysis b. strategy and planning c. execution d. control
Which of the following would not be considered as primarily a merchandising business?
A. Abercrombie and Fitch B. Amazon C. Regal Cinemas D. Sam's Clubs
Discretionary financing needs will be higher if ________. Assume "all else equal."
A) sales decline B) excess capacity exists for fixed assets C) the dividend payout ratio is raised D) the firm's net profit margin increases