All tying arrangements are per se illegal
a. True
b. False
Indicate whether the statement is true or false
False
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On May 1, the Chris Company borrowed $30,000 from the Third Street Bank on a 1-year, 6% note. If the company keeps its records on a calendar year, an entry is needed on December 31 to increase
a. Interest Expense, $600. b. Interest Expense, $1,800. c. Interest Payable, $900. d. Interest Payable, $1,200.
A fourth-party logistics provider (4PL) is ______.
a. the merger of two 2PL companies b. an independent supply chain integrator c. a subcontractor for a third-party logistics provider d. a contractor that government regulations require on a project
HighLev Incorporated borrows heavily and uses the leverage to boost its return on equity to 30%
this year, nearly 10% higher than the industry average. However, HighLev's stock price decreases relative to its industry counterparts. How is this possible? A) The high levels of debt increased the riskiness of HighLev relative to its competitors. B) Shareholders are not interested in return on equity. C) Markets are inefficient and fail to recognize the benefits of leverage. D) The increased debt resulted in interest payments that made HighLev's operating income drop even though return on equity increased.
Setting up an organization according to functional structure is quite popular. Which of the following is NOT a benefit of functional departmentalization?
A) Workers are grouped by specialization. B) There are cost savings and efficiency improvements. C) Employees in a department tend to think alike. D) Specialists can easily coordinate within the department. E) Management can easily direct department activities.