Centrum Springs, Inc. ? Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her manager is retiring and hopes that Carol will take over for him. However, even though Carol is an experienced employee, there are many things that she still needs to learn. Carol has trained many new employees, but she has never held a management position. Carol needs to have a general understanding of what it takes to be a manager. ? There are many problems in Carol's department. There are no plans to fall back on in case the initial plan fails. Carol also will need to learn how to direct people in such a way that makes them want to do more than they absolutely have to. Carol feels that this is a great opportunity, and she is anxious
to learn everything to be a great manager. She knows that if she performs well in this position, she will have the opportunity to move up the corporate ladder. Refer to Centrum Springs, Inc. Carol's usual duties represent which of these areas?
A. Financial management
B. Operations management
C. Marketing management
D. Human resources management
E. Administrative management
Answer: D
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Mcleod, Inc. incurred fixed costs of $300,000. Total costs, both fixed and variable, are $500,000 when 59,000 units are produced. It sold 35,000 units during the year. Calculate the variable cost per unit. (Round your answer to the nearest cent.)
A) $8.47 B) $14.29 C) $5.08 D) $3.39
A company with a current ratio of 2.4 times will see that ratio decrease when the company
A) pays a large current liability. B) declares a 10 percent stock dividend on its common stock. C) borrows cash by issuing a short-term note payable. D) converts a short-term liability to a long-term liability.
A sales forecast is most likely to be based on which of the following?
A) the company's variable costs B) the company's growth rate C) the company's break-even point D) the company's marketing expenses E) the company's fixed costs
What are its three phases?
What will be an ideal response?