Which of the following is not true about scenarios?
A. By presenting other ways of seeing the world, scenarios allow managers to envision alternatives that might lie outside their traditional frame of reference.
B. Scenarios help managers brainstorm various "what-if" situations, raising and challenging their assumptions and projected outcomes before committing to a specific course of action.
C. Scenarios integrate a variety of ideas about the future, including key certainties and uncertainties.
D. Scenarios are particularly useful for international companies that face high levels of change and certainty.
E. The multinational company Royal Dutch Shell is widely recognized as a pioneer in popularizing the technique.
Answer: E
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Which of the following would not be a contractual restriction to the cash available to pay current obligations?
A) Sinking fund B) Certificate of Deposit C) Postdated checks D) Negotiable instruments
The FASB's conceptual framework includes which of the following as financial reporting objectives?
a. Provide information about how an enterprise obtains and uses cash. b. Provide information about how management has discharged its stewardship responsibility to owners. c. Provide information about the economic resources of a firm and the claims on those resources. d. Provide information that includes explanations and interpretations to help users understand the financial information provided. e. all of the above
Convenience products are
A. relatively inexpensive, frequently purchased items for which buyers exert only minimal purchasing effort. B. frequently purchased items for which buyers are willing to exert considerable effort. C. frequently purchased items that are found in certain retail outlets. D. items that are expensive but are easy to purchase. E. items that require some purchase planning and for which the buyer often will not accept substitutes.
The illegal placement of goods or commodities in the hands of an individual for whom an export license would be denied is known as: A) conversion
B) delusion. C) derision. D) none of the above.