To remain competitive, businesses should not change procedures and policies in response to the economy, customer needs, and new opportunities that arise
Indicate whether the statement is true or false.
Answer: False
Explanation: To remain competitive, businesses need to change their procedures and policies in response to the state of the economy, customer needs, and new opportunities that arise. Change is so pervasive in business and industry that "change management" has emerged as a discipline to help organizations and individuals implement and adapt to change.
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Which of the following is not a true statement of umbrella agreements?
A. Umbrella agreements provide flexibility for claiming value when the future gains are not known at the time of negotiation. B. Umbrella agreements allow flexibility when the negotiating relationship between the parties is evolving. C. Umbrella agreements can be used when all the issues have yet to be identified but the parties know they wish to work together. D. Umbrella agreements provide flexibility for creating value when the future gains are known at the time of negotiation.
Which of the following questions is an example of a closed-end question?
A) Why do you think some people are more comfortable taking risks than others? B) How can I improve my presentation skills? C) Why do you think a single vote makes a difference? D) Would you like to try our new ice cream flavor? E) What is the best way to prevent weeds in a garden?
Which of following assumptions related to the validity of the linear regression model is false?
a. The independent and dependent variables have a linear relationship. b. The error terms have a constant variance. c. The error terms are not normally distributed. d. The error terms have no correlation.
Nile Food's stock has a beta of 1.4, while Elba Eateries' stock has a beta of 0.7. Assume that the risk-free rate, rRF, is 5.5% and the market risk premium, (rM - rRF), equals 4%. Which of the following statements is CORRECT?
A. If the risk-free rate increases but the market risk premium remains unchanged, the required return will increase for both stocks but the increase will be larger for Nile since it has a higher beta. B. If the market risk premium increases but the risk-free rate remains unchanged, Nile's required return will increase because it has a beta greater than 1.0 but Elba's required return will decline because it has a beta less than 1.0. C. Since Nile's beta is twice that of Elba's, its required rate of return will also be twice that of Elba's. D. If the risk-free rate increases while the market risk premium remains constant, then the required return on an average stock will increase. E. If the market risk premium decreases but the risk-free rate remains unchanged, Nile's required return will decrease because it has a beta greater than 1.0 and Elba's will also decrease, but by more than Nile's because it has a beta less than 1.0.