Answer the following statement(s) true (T) or false (F)
1. The prospectus is a statement that gives potential investors information about the firm, the management of the firm, its operations, and the purpose for the stock issue.
2. For an investment banker “best efforts” means that it has prepurchased a stock offering at less than par value and is making its best effort to sell the stock to other underwriters who will then sell the stock to the public.
3. Professional investors who invest for large groups such as pension funds are known as institutional investors.
4. Investors should invest in growth stocks if their goal is maximum dividends.
5. Investors should invest in security stocks if their goal is maximum rate of return.
1. TRUE
2. FALSE
3. TRUE
4. FALSE
5. FALSE
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The type of buyer-supplier relationship in which buyers and sellers make many relationship-specific adaptations, but without necessarily achieving strong trust or cooperation, is referred to as ________
A) the customer is king B) mutually adaptive C) collaborative D) contractual transaction E) customer supply
Positioning relies on the communication of one or more sources of value to customers in a way that the customer can easily make the connection between the ________.
A. product and its advertising B. cost of the product and the quality C. way the 4Ps of the marketing mix work with one another D. customer's needs and wants and what the product has to offer E. salesperson and the customer at a personal level
ETutor is an online tutoring service provider that is particularly popular with college students. The company is interested in estimating the fixed and variable components of its tutoring services costs. The manager believes that these costs are driven by the number of hours of tutoring services provided. The following information was gathered for the last six months of business:MonthNumber of Hours Tutoring costsJanuary 25,000 $308,000 February 41,000 420,000 March 29,000 352,000 April 31,000 373,000 May 34,000 378,000 June 18,000 252,000 Required: 1) Compute the average tutoring cost per hour for the six-month period. (Round the average tutoring cost per hour to two decimal points.)2) Use the high-low method to estimate the total fixed cost
and the variable cost per hour. (Round the variable cost per hour to two decimal points.)3) Name one advantage and one disadvantage of the high-low method. 4) Describe the scattergraph method that can be used to analyze mixed costs. What will be an ideal response?
The four key attributes of strategic management include the idea that strategy must
A. be focused only on long-term objectives. B. focus only on competitor strengths. C. be directed toward overall organizational goals and objectives. D. be focused on only one specific area of an organization.