Principle #2: the time value of money tells us that time is our greatest ally. This being so, the most important and most difficult step is making the commitment to get started. Tell how to find the money and get started with Principle #15: just do it
What will be an ideal response?
Answer: Pay yourself first instead of last; that is, before spending for bills and life's necessities. Making an automatic deposit directly from your paycheck or checking account makes it less painful because you do not see this money first. Take advantage of your employer's matching funds retirement plans and the government's tax reductions, such as IRAs. Use windfalls for investing instead of spending them. If you are having trouble getting started, pick two months per year to cut back on spending and make those your investing months.
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After computing averages and measures of dispersion for the major variables and applying advanced statistical techniques and decision models in the hope of discovering additional findings from the gathered information, researchers ________
A) define the problem, the decision alternatives, and the research objectives B) present findings relevant to the major marketing decisions facing management C) evaluate the costs associated with data collected D) analyze the appropriateness of the data sources used E) develop the research plan
To be responsive to changes in customer demands, technology, competition, and resources, ______.
a. the operations management function must be careful about choosing the right area in which to function b. the operations management function must be dynamic c. the operations management function must be cost conscious to ensure that change is not too expensive d. the operations management function must seek to outsource more of its operations
Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $36,400. Cash receipts are expected to be $641,000 and cash payments for purchases are expected to be $608,500. Other cash expenses expected are $27,000 selling and $33,500 general and administrative. The company desires a minimum cash balance at the end of each month of $30,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is:
A. $58,000. B. $8,400. C. $21,600. D. $0. E. $98,900.
Intangible assets derived mostly from human capital are on the rise, according to the advisory firm Ocean Tomo. A study of the Standard and Poors' 500 index from 1975 to 2015 demonstrated a 17 percent increase in market value of intangible assets over this time period. Companies such as Stryker get 70 percent of its value from intangibles. Intangible assets are
A. money. B. land. C. equipment. D. non-physical.