Which of the following best describes the term capital rationing?
A) a method of determining the period within which the cash invested is recouped
B) a process of ranking and choosing among alternative capital investments based on the availability of funds
C) a method which shows the effect of an investment on a company's accrual-based income
D) a process of controlling operating costs when adequate funds are not available
B) a process of ranking and choosing among alternative capital investments based on the availability of funds
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The firm's _______ concerns getting the most out of available resources
a. technology strategy b. market strategy c. learning d. efficiency
Delilah Watson, Chief Operating Officer of Glenmore Products, told her human resources manager, "Obviously, the individual managers in our organization have different skills. But, following our implementation of a(n) ________ approach, our management has been much more successful, consistent, and efficient in decision making-including for issues that are nonroutine and unpredictable. Much of the variability has been successfully eliminated."
A. quantitative management B. flexible C. administrative D. human relations E. bureaucratic
When a client accepts the services of his or her attorney without an agreement concerning fees to be paid, the agreement to pay the attorney's bill is
a. implied in law. b. implied in fact. c. a voidable contract. d. no contract at all.
Erick's Transition ? Erick is currently a manager of a small financial planning firm. He is seeking a new career with a large corporation in the banking industry. He recently applied for the financial manager opening at G & T Bank. He is concerned that the transition from his small firm to a large corporation will be difficult. To better prepare himself for this change, he has decided to enroll in a few business classes to strengthen his understanding of corporate finance. The business classes have proven to be a valuable tool for learning the critical skills needed to fully understand a financial plan, equity financing, and debt financing. Erick now believes he has strengthened his competitive advantage in his quest for the job. Refer to Erick's Transition. When Erick creates a
financial plan, his first step should be which of the following? A. Identify available sources of financing. B. Decide which goals to finance. C. Describe which type of financing to use. D. Establish a set of valid goals and objectives. E. Determine how much money is needed to accomplish each goal.