Bancroft & Morrison Inc., as an organization, believes that it should always be prepared for the future. Thus, while planning the budget each year, the senior management of the company leaves aside a portion of the company's earnings to be used in case the company deviates from its core plans or any unexpected events occur. In this scenario, the senior management of Bancroft & Morrison Inc. is engaged in _____.
A. contingency planning
B. operational planning
C. strategic planning
D. tactical planning
Answer: A
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Which of the following deals with the role of MIS?
A) determine decision makers' information needs B) acquire the needed information C) distribute information to the decision makers in a form in which they can use it for decision making D) distribute information to the decision makers at a time when they can use it for decision making E) all of the above
On January 1 . 2014, Kimba Co paid $500,000 for 20,000 shares of Flathead Co's common stock and classified these shares as trading securities. Kimba does not have the ability to exercise significant influence over Flathead. Flathead declared and paid a dividend of $.50 a share to its stockholders during 2014 . Flathead reported net income of $260,000 for the year ended December 31 . 2014 . The
fair value of Flathead Co's stock at December 31 . 2014, is $27 per share. What is the net asset amount (which includes both investments and any related market adjustments) attributable to the investment in Flathead that will be included on Kimba's balance sheet at December 31 . 2014? a. $530,000 b. $540,000 c. $569,000 d. $579,000
A firm using FIFO had a beginning inventory of $48,000, an ending inventory of $56,000, and a pretax income of $400,000 . If it had used LIFO, its beginning inventory would have been $20,000, and its ending inventory would have been $16,000 . From the information provided, one can conclude that:
a. quantities increased and prices decreased. b. quantities decreased and prices increased. c. prices increased but we cannot conclude what happened to quantities. d. quantities decreased but we cannot conclude what happened to prices. e. not enough information to reach a conclusion.
What percentage of all consumer conversations about brands happens face-to-face?
A. 75 percent B. 90 percent C. 25 percent D. 50 percent E. 33 percent