Answer the following statements true (T) or false (F)
1. Values are the principles an organization holds most important.
2. Strategies are the directions an organization will pursue with respect to strategic issues.
3. A characteristic of a good objective is that it is specific.
4. Once a strategic plan is written, it should be used to stimulate wider discussion throughout the organization.
5. Chief executive officers may not allow clients to read the strategic plan.
1. True
2. False
3. True
4. True
5. False
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The geometric mean of 3, 5, and 6 is
A. 9.49. B. 2.41. C. 4.48. D. 3.74.
What is the effect of outsourcing?
Emery Products is deciding whether to outsource the production of a certain component that is included in all of its products. It currently costs Emery Products $1.20 to make each component in-house. If Emery Products outsources, it can buy the component ready-made for $0.90 each and can shut down the production facilities it is currently using to manufacture the component and save $20,000 a year in fixed costs. Annual requirement for the component is 12,000 units.
Passive voice is used in the following sentence: "The stockholders read the annual report."
Indicate whether the statement is true or false
The ________ and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" from the business explaining the decision
A) PATRIOT Act B) Class Action Fairness Act C) Fair Credit Reporting Act D) Sarbanes-Oxley Act