Planning refers to determining organizational goals.
Answer the following statement true (T) or false (F)
True
Planning refers to determining organizational goals and action plans for how to achieve those goals. See 14-1: Bringing Resources to Life
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A key function of a ______ strategy is to allocate and coordinate resources among different business units.
a. operational b. functional c. business d. corporate
Ballentine Company expects sales for June, July, and August of $48,000, $54,000, and $44,000, respectively. Experience suggests that 40% of sales are for cash and 60% are on credit. The company collects 50% of its credit sales in the month following sale, 45% in the second month following sale, and 5% are not collected. What are the company's expected cash receipts for August from its current and past sales?
A. $61,160. B. $29,160. C. $78,800. D. $66,200. E. $46,760.
Fix-It-Quik, Inc, offers Denise a job as a plumber. No time for acceptance is specified in the offer. The offer will terminate A) after a reasonable period
B) after a work week (five business days). C) after a month (thirty calendar days). D) never.
Gyrl Skateboards manufactures skateboard decks. Guy Gyrl, the CEO, is forecasting cash flows for the next few months. Forecasted sales are shown on the top row of the table. Gyrl's cost of goods sold is 81.2% of sales
Gyrl buys its raw materials one month prior to the sale of the finished product. It pays for half of its raw materials in the same month as the purchase and half in the following month. What are Gyrl's purchases in January? Gyrl Skateboards Inc Sales and Purchase Forecast ($000s) November December January February Sales Forecast $2,700 $2,950 $2,545 $2,795 Purchases from Suppliers Payments to Suppliers Payments one month after A) $2,067,000 B) $2,150,000 C) $2,225,000 D) $2,270,000 E) $2,395,000