A business will not be successful unless it charges a price for its products that covers its total
A. cost and a margin of profit.
B. cost of goods and selling cost.
C. fixed cost and overhead cost.
D. variable cost and cost of goods.
Answer: A
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The direct method of reporting cash flows from operating activities involves reconciling net income and cash flow from operations
a. True b. False Indicate whether the statement is true or false
What is often referred to as "abusing the cutoff?"
a. Inflating revenues by using implied side agreements. b. Inflating revenues by selling unused assets for a promise to buy them or similar assets back at roughly the same price. c. Inflating current revenues by allowing customers to return products and cancel sales in future periods. d. Inflating revenues by including revenues in the current period that should be recognized in the next period.
Goals may exist at the ________ level.
A. individual B. organizational C. group D. all of these
Corporate strategy for a diversified or multibusiness enterprise
A. concerns how best to allocate resources across the departments of each line of business the company is in. B. involves how functional strategies should be aligned with business strategies in each of the various lines of business the company is in. C. is orchestrated by mid-level managers and focuses on how to create a competitive advantage in each specific line of business the total enterprise is in. D. is orchestrated by senior corporate executives and centers around the kinds of initiatives the company uses to establish business positions in different industries. E. deals chiefly with what the strategic intent of each of its business units should be.