Answer the following statements true (T) or false (F)
1. In terms of strategic planning, top and middle managers are more involved with planning, whereas the lower-level functional managers and employees implement the operational strategies on a day-to-day basis.
2. An important part of controlling is staying within the budget when appropriate or changing it when necessary to meet changes in the dynamic environment.
3. One reason strategic plans fail is that no action is taken to implement the strategy.
4. The current global trend is for companies to go it alone and compete head on.
5. While selecting strategies and planning, implementing, and controlling them, be sure to be ethical at all stages.
1. True
2. True
3. True
4. False
5. True
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Indicate whether the statement is true or false
Profit margin is calculated by dividing net sales by net income.
Answer the following statement true (T) or false (F)
New levels of creativity and energy in workers who share a sense of purpose and accountability can result in teams that have ________
A) higher-quality decisions B) increased diversity of views C) increased commitment to change D) lower levels of internal competition E) improved flexibility and responsiveness
You are considering an investment in Apple stock and wish to assess the firm's short-term debt-paying ability. All of the following ratios are used to assess liquidity except:
A. Accounts receivable turnover. B. Inventory turnover. C. Quick ratio. D. Debt to equity ratio.