Inventory standards published by trade associations and the federal government for companies of all sizes in all industries is called the target average inventory.

Answer the following statement true (T) or false (F)


True

Business

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A primary advantage of organizing economic activity within firms is the

A. ability to coordinate highly complex tasks to allow for specialized division of labor. B. eradication of the principal-agent problem. C. low administrative costs because of reduced bureaucracy. D. high-powered incentive to work as salaried employees for an existing firm.

Business

________ are marks licensed by a group that has established certain criteria for use of the mark

A) Product trademarks B) Service marks C) Collective marks D) Certification marks

Business

TrueBlue uses an MBO program for its performance reviews. Ranelle, the manager, and Louis, the subordinate, are working through that process. They have reached the point where they are ready to perform an interim review. Which of the following should they do at this stage?

A. Ranelle should list goals and metrics for Louis. B. Louis should propose his goals and metrics. C. Inappropriate goals and metrics should be deleted. D. They should each establish goals and metrics for the department.

Business

Which of the following actions will best enable a company to raise additional equity capital, other things held constant?

A. Refund long-term debt with lower cost short-term debt. B. Declare a stock split. C. Begin an open-market purchase dividend reinvestment plan. D. Initiate a stock repurchase program. E. Begin a new-stock dividend reinvestment plan.

Business