______ encourages organizations to consider several likely possible future states, to consider which of those is most likely, and then to develop plans and actions that could account for a number of possible future situations.
a. Strategic mapping
b. Scenario planning
c. Strategic planning
d. Search conferences
b. Scenario planning
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Effective cost control begins in the planning stage of the management cycle
Indicate whether the statement is true or false
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 240 280 300 240 Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 finished goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of B. Each month's ending Raw Materials Inventory should be 30% of the following month's production needs. The budgeted production for May is:
A. 400 units. B. 288 units. C. 280 units. D. 232 units. E. 168 units.
Division A of Tripper Company produces a part that it sells to other companies. Sales and cost data for the part follow: Capacity in units 60,000unitsSelling price per unit$40per unitVariable costs per unit$28per unitFixed costs per unit at capacity$9per unit?Division B, another division of Tripper Company, would like to buy this part from Division A. Division B is presently purchasing the part from an outside source at $38 per unit. If Division A sells to Division B, $1 in variable costs can be avoided.?Assume that Division A is presently operating at capacity. According to the formula in the text, what is the lowest acceptable transfer price from the viewpoint of the selling division?
A. $38 per unit B. $39 per unit C. $37 per unit D. $36 per unit
Jazz Corporation owns 10 percent of the Williams Corp. stock. Williams distributed a $10,000 dividend to Jazz Corporation. Jazz Corp.'s taxable income (loss) before the dividend was ($2,000). What is the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp.?
A. $6,500. B. $5,000. C. $4,000. D. $0. E. None of the choices are correct.