All items on the right-hand side of a firm's balance sheet, excluding current liabilities are sources of capital
Indicate whether the statement is true or false
TRUE
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The majority of the world's population is included in the following economic category:
A) high-income countries. B) upper-middle-income countries. C) lower-middle-income countries. D) low-income countries. E) lower-upper-income countries.
Answer the following statements true (T) or false (F)
1. The strategic-management process is often touched off by a crisis. 2. The first three steps in the strategic-management process are establishing the mission and the values statement, assessing the current reality, and formulating the grand strategy. 3. Frank is interested in rewriting the vision statement for his antique shops, and he wants his employees and his business to grow. Therefore, the vision for Frank's stores should be positive and inspiring, and it should stretch the company and his employees to achieve objectives that they believe are not possible. 4. When Pablo and his partner wrote the mission statement for their fitness center, P&P Fitness, it did not include descriptions of their customers or the products and services they offer, because those descriptions belong in a vision statement.
A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.
Answer the following statement true (T) or false (F)
Rational managers will always make decisions that are in the best interest of the organization employing them.
Answer the following statement true (T) or false (F)