Chevron Corporation is one of the largest integrated oil companies in the world. Its management is assessing the world marketplace and taking steps to sustain the company's competitive position. Chevron is studying external and internal factors that could influence its success. Faced with business competition on a global scale, Chevron is modifying its strategic business model to manage its resources more efficiently. At Chevron, as at competing companies, one of the most important resources is
A. financial resources.
B. human resources.
C. natural resources.
D. lobbyists.
E. computers.
Answer: B
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Each week, Eli leads an all-employee meeting to communicate sales goals, answer questions, and provide motivation for achieving goals. Eli is engaging in which management function?
A. planning B. organizing C. leading D. controlling
What is threat of substitute products or services?
A. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. B. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. D. The ability of buyers to affect the price they must pay for an item.
To determine the balance of a particular account, one should refer to the
a. source documents. b. chart of accounts. c. book of original entry. d. ledger.
The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
A. ?2.5 times. B. ?1.56 times. C. ?1.325 times. D. ?0.565 times. E. ?1.855 times.