Which category would a flexible and externally focused company be called on the competing values framework? Describe and give an example of this type of company.
What will be an ideal response?
The adhocracy culture focuses on flexibility and discretion with an external
emphasis. These organizations are fast moving and the quickest to adapt to changing
markets. Leaders tend to be entrepreneurs and risk-takers who encourage their
employees to experiment and generate innovative ideas. Success is measured by
company growth and the production of unique, cutting-edge, and innovative products
and services. As described in the textbook, Facebook demonstrates its adhocracy
culture by encouraging rapid innovation.
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_______ vertical integration establishes facilities to manufacture inputs used in the production of a firm's final product.
Fill in the blank(s) with the appropriate word(s).
The "degree of leverage" concept is designed to show how changes in sales will affect EBIT and EPS. If a 20.00% increase in sales causes EPS to increase from $1.00 to $1.50, and if the firm uses no debt, then what is its degree of operating leverage? Do not round intermediate calculations.
A. 2.1250 B. 2.8500 C. 2.4750 D. 2.5000 E. 2.0000
At the end of the current period, a company reported $725,000 in net credit sales and $100,000 in ending accounts receivable. Calculate this company's days' sales uncollected at the end of the current period.
What will be an ideal response?
Benford Bank hired marketing researchers when it noticed many people who had savings accounts with the bank did not have checking accounts and credit cards with it. The first task of the market researchers was to learn if the bank wanted to know how its customers perceived the bank as a service provider, if it were more interested in what customers thought was superior about its savings account, if the bank thought some customer expectations were not being met, or if what the bank really wanted to know was how it could change its service to better meet customer expectations. The first thing the research company did was to:
A. Determine with the bank's help who should be surveyed B. Help Benford Bank define the problem and establish research objectives C. Decide how data analysis techniques D. Determine what research methodology it would use E. Use data mining to see if there were any connections between customers who used all three services and those who used only one of the services the bank offered