Nike, Inc. is a sportswear and equipment manufacturer that serves a multitude of sports disciplines. Which of the following statements from Nike would be the best example of a strategic goal?
A. a ten percent increase in average annual sales
B. a seven percent increase in average annual income
C. achieving a return on investment of 17 percent
D. accelerating growth through focused execution
Answer: D
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The depreciation method using a fixed rate applied to the undepreciated cost of the asset each year, resulting in successively smaller depreciation charges as the undepreciated cost diminishes year by year is called the
a. declining-balance method. b. sum-of-the-years'-digit method. c. units-of-production method. d. straight-line method.
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Indicate whether the statement is true or false
When forecasting fixed asset requirements, the projected fixed asset balance will
A) not increase proportionally if excess capacity exists. B) not increase proportionally with sales if the existing level of fixed assets is sufficient to support current sales. C) always increase proportionally with sales. D) remain the same since the balance is fixed.
Identify and explain the acronym S.M.A.R.T. as used in goal setting theory. Give an example of a S.M.A.R.T. goal from your own life.
What will be an ideal response?