An imprecise terms for intermediaries who perform a variety of functions, including selling, maintaining inventories, extending credit, and so on, are referred to as ________.
A. brokers
B. agents
C. retailers
D. distributors
E. wholesalers
Answer: D
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A research study has found that managers often hire external candidates rather than promote their current employees because they have a tendency to overvalue unfamiliar candidates and undervalue known ones.
Answer the following statement true (T) or false (F)
Everything else equal, an asset's value is:
A. inversely related to the rate of return investors require to purchase it. B. directly proportional to the cost of debt used in the capital budgeting process of the firm. C. not related to the cash flows that the asset is expected to generate during its life. D. inversely related to the cost of debt used in the capital budgeting process of the firm. E. directly proportional to the rate of return investors require to purchase it.
Division A makes a part with the following characteristics: Production capacity in units 15,000unitsSelling price to outside customers$25 Variable cost per unit$18 Total fixed costs$60,000 ?Division B, another division of the same company, would like to purchase 5,000 units of the part each period from Division A. Division B is now purchasing these parts from an outside supplier at a price of $24 each.?Suppose that Division A has ample idle capacity to handle all of Division B's needs without any increase in fixed costs and without cutting into sales to outside customers. If Division A refuses to accept the $24 price internally and Division B continues to buy from the outside supplier, the company as a whole will be:
A. worse off by $10,000 each period. B. worse off by $35,000 each period. C. worse off by $30,000 each period. D. better off by $15,000 each period.
________ is a term used to describe increased the increased importance of financial markets, motives, results, and institutions in today's global economy.
Fill in the blank(s) with the appropriate word(s).