Describe what the five PESTE factors are and give an example of each one.
What will be an ideal response?
Political, economic, social, technological, and ecological/environmental. Examples: change in regulations, recession, increased demand for a diverse workforce, global warming, and trends toward corporate responsibility
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Audi models featured prominently in the 2010 blockbuster Iron Man 2, including main character Tony Stark's personal R8 Spyder. Which of the following is the most rational explanation for Audi's decision to associate itself with the movie?
A) to express commitment to the community or on social issues B) to identify with a particular target market or lifestyle C) to create experiences and evoke feelings D) to become part of a personally relevant moment in consumers' lives E) to entertain key clients or reward key employees
Camping Gear Company had 500 units of inventory on hand at the end of the year. These were recorded at a cost of $14 each using the last-in, first-out (LIFO) method. The current replacement cost is $10 per unit. The selling price charged by Camping Gear Company for each finished product is $17. As a result of recording the adjusting entry as per the lower-of-cost-or-market rule, the gross profit will ________.
A) increase by $5,000 B) decrease by $5,000 C) increase by $2,000 D) decrease by $2,000
Explain why managers might want to build slack into a budget
Companies considering projects with shorter lives are interested in longer payback periods
Indicate whether the statement is true or false