Answer the following statements true (T) or false (F)
1. If turnover is seen as a potential issue in implementing a new service strategy, then a retention strategy to keep productive employees should also be implemented.
2. All action plans in the strategic planning process require funds. Therefore, a plan needs to be put in place to strategically use those funds.
3. Managerial performance plans and marketing plans should be considered individually and as part of the entire strategic plan.
4. The very plans that make a company competitive under one set of circumstances can make it uncompetitive if the management does not pay attention and react to changes in the marketplace.
1. True
2. False
3. True
4. True
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A company is considering two alternative investment opportunities, each of which requires an initial cash outlay of $110,000. The expected net cash flows from the two projects follow: Project A Project Z Year 1 ……………… $ 30,000$ 44,000Year 2 ………………44,000 70,000Year 3……………… 70,000 30,000Totals ……………… $144,000$144,000 Based on a comparison of their net present values, and assuming the same discount rate of 12% is required for both projects, which project is the better investment? Use the table values below to compute the net present value of each project's cash flows.Periods Present value of 1 at 12%1……………….0.89292……………….0.79723……………….0.7118
What will be an ideal response?
Armed only with his fingers, the owner decides that the safest forecasting approach is a moving average of two periods. Generate a forecast for the year using this technique and then calculate forecast errors using MSE
What is the mean squared error for this forecasting approach? A) 3049 B) 4045 C) 6024 D) 5011
Business planning that focuses on the next year and includes detailed revenue targets, profit objectives and compensation systems is called:
A) strategic planning. B) operational planning. C) budgeting. D) forecasting. E) this level of detail is included in all of the business planning levels.
An adjustable-rate mortgage (ARM) is defined as
A. a loan that has a specified payment amount and a specified repayment schedule. B. a home loan where the interest rate varies based on a benchmark plus an additional spread. C. a ratio expressing the amount of a first mortgage lien as a percentage of the total appraised value of real property. D. insurance for the lender if it needs to foreclose on your home and the sale of the home does not cover the mortgage and the cost of the foreclosure.