Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because of all the following reasons EXCEPT
A. a change in strategy nearly always calls for budget reallocations and resource shifting.
B. without major budget reallocations there is little chance that desired core competencies and organizational capabilities will emerge.
C. resource allocation involves screening of requests for people, facilities, and equipment, and approving them whether they contribute to the strategy execution effort or not.
D. too little funding deprives organizational units of the necessary resources to execute their piece of the strategic plan while too much funding wastes organizational resources and reduces financial performance.
E. lean, carefully managed budgets protect the company's financial condition and eliminate the wasteful use of cash.
Answer: C
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Some businesses offering exceptional convenience may be:
A) almost any mobile shop or vendor. B) taco trucks. C) products packaged together with all ingredients. D) All of the above.
Answer the questions below.
a.You buy a government bond that pays interest twice a year. The interest payment is $300 each six months. The bond matures in six years. The face value of the bond is $10,000. The annual market interest rate is 6 percent. What is the present value of the bond? Show your work. A formula that may be useful to you is: 
. b.After six months go by, you receive the first interest payment of $300. The annual market interest rate has declined to 5 percent and you decide to sell the bond. What is the bond's present value when you sell it? Show your work. c.What is your total return from owning the bond for six months (expressed at an annual rate, in percentage points, with two decimals)? Show your work.
What will be an ideal response?
When the financial statements contain a material departure from GAAP that the auditor believes is justified, where should the justification appear?
a. In a footnote. b. In a paragraph added before the scope paragraph. c. In the opening paragraph. d. In a paragraph added before the opinion paragraph.
Which of the following would not be a source of information for personal financial statements?
a. Broker's statements b. Income tax returns c. Safe deposit box d. Checkbook e. All of the answers would be a source of information.