The dean at Corbin Business College disseminated a new five-year strategic plan to department chairs. This is an example of
A. external communication.
B. downward communication.
C. corporate communication.
D. horizontal communication.
E. informal communication.
B. downward communication.
Downward communication flows from a higher level to a lower level (or levels).
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When a company discounts a promissory note at the bank, it receives cash at the same time it would if it held the note to maturity
a. True b. False Indicate whether the statement is true or false
The first step of a market research program is to establish the problem to be addressed
Indicate whether the statement is true or false
The weighted average cost of capital that is used to evaluate a specific project should be based on the
a. mix of capital components that was used to finance a project from last year. b. overall capital structure of the corporation. c. cost of capital for other corporations with similar investments. d. mix of capital components for all capital acquired in the most recent fiscal year.
Which of the following statements accurately brings out the difference between monopolistic competition and an oligopoly?
A. Firms in an oligopoly have no pricing power; firms in a monopolistically competitive industry have the ability to raise prices. B. In monopolistic competition, many firms compete against each other; in an oligopoly, there are few large firms competing against each other. C. Sellers in an oligopoly provide highly differentiated products; in monopolistic competition, the products sold are undifferentiated or standardized. D. In an oligopoly, the number of buyers is large; in monopolistic competition, the number of buyers is limited to three or four.