______ leaders are especially needed in firms with growth strategies competing in dynamic environments.
a. Charismatic
b. Transformational
c. Servant
d. Transactional
b. Transformational
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The Boyer Bank wants to add a new ATM machine in a busy mall. It knows the new machine will cost $60,000 and another $30,000 is required to install it in the mall. It expects to save $0.27 per transaction and generate 100,000 transactions per year. Also, it expects the new machine to last 8 years. If it needs to earn a 12% return, what is the NPV of this project? (Round your answer to the nearest $1,000)
A. $126,000 B. $44,000 C. $134,000 D. $27,000 E. $117,000
True or False Although the chi-square distribution is continuous, it is used to analyze discrete (counts) data
Indicate whether the statement is true or false
Which of the following is true with regards to rising interest rates?
A) Use short-term loans to take advantage of low interest rates.
B) Select long-term savings options to lock in current interest rates.
C) Use long-term loans to take advantage of current low rates.
D) The term of the loan option is not affected by rising interest rates.
CU Tech expects sales next year will be $4.8 million, a 25% increase over current sales. CU has total assets of $2.24 million, and all assets will increase proportionately with sales. CU has $1.49 million in current liabilities and a current ratio of 1.60 to 1. What total financing will CU need to support the expected sales increase?
A) No financing needed, surplus of $139,700 B) $187,500 C) $48,800 D) $234,400