To help develop teamwork, the mission statement should be created when the team has been together for at least a year
Indicate whether the statement is true or false.
Answer: FALSE
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What is the major difference between a conventional marketing channel and a vertical marketing system (VMS)?
A) Elements in a conventional marketing channel act as separate businesses whereas the elements in a VMS act as a unified system. B) A VMS has many intermediaries whereas a conventional marketing channel has a limited number of intermediaries. C) A VMS is characterized by an independent producer whereas a conventional marketing channel is characterized by multiple producers. D) A conventional marketing channel has elements such as retailers and wholesalers whereas these elements are not present in a VMS. E) Producers have complete control over the other members in a conventional marketing channel whereas this control is minimal in a VMS.
Waterford Industries is considering the purchase of a new machine. It will replace an existing but
obsolete machine that will be sold for $50,000. The existing machine is 8 years old, cost $200,000, had a 10-year useful life, and is being depreciated to zero using the straight-line method. Waterford's income tax rate is 35%. What is the after-tax salvage value of the old machine? A) $53,500 B) $46,500 C) $50,000 D) $42,000
Often companies must choose between a responsive supply chain and an efficient supply chain. This decision is based on ________.
A. the specific needs of customer segments B. the business mission C. a lack of an appropriate channel captain D. monetary considerations E. supplier alternatives
For purposes of international capital budgeting, which of the following statements is NOT true?
A) Managers must evaluate political risk because political events can drastically reduce the value or availability of expected cash flows. B) Parent cash flows must be distinguished from project cash flows. Each of these two types of flows contributes to a different view of value. C) An array of nonfinancial payments can generate cash flows from subsidiaries to the parent, including payment of license fees and payments for imports from the parent. D) All of the above are true statements.