Which of the following functions is best described as choosing among available alternatives?
A. Directing operational activities.
B. Decision making.
C. Planning.
D. Budgeting.
E. Controlling.
Answer: B
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A personal computer that originally cost $5,000 has no estimated salvage value and was depreciated at the rate of 20% a year. At the end of the third year, the computer was sold for $1,500 cash. The transaction would result in a
a. gain of $1,500. b. loss of $1,500. c. gain of $250. d. loss of $250.
An insurance policy, once made, cannot be modified
Indicate whether the statement is true or false
It is incorrect to say that a company's strategy evolves due to
A. a need to react to fresh strategic maneuvers on the part of rival firms. B. a need to respond to changing customer requirements and expectations. C. a need to promote stability and retain the status quo. D. the need to abandon some strategy elements that are no longer working well. E. the proactive efforts of company managers to improve obsolete aspects of the strategy.
Which of the following statements illustrates the incorrect use of the apostrophe?
A. In March 09', the company had the largest market share. B. They couldn't meet the market demands due to production problems. C. The company aims to provide services that are better than the competitors' services. D. They'll increase the selling price only when the demand increases.