Faisal has been running a commercial real estate business for nearly 30 years. As he approaches retirement, he is content to simply lease the commercial space he currently has, rather than make new deals to develop additional properties. Faisal is using which grand strategy?
A. Stability
B. Retrenchment
C. Inducement
D. Defensive
E. Growth
A. Stability
A stability strategy is a grand strategy that involves little or no significant change.
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The petty cash fund eliminates the need for a bank checking account
Indicate whether the statement is true or false
Which of the following is an example of an internal disruption in the decoding process?
A) Loud construction sounds outside prevent Samuel from hearing the message. B) Meaghan finds her mind drifting during a lecture as she thinks about her upcoming trip to Florence. C) Brandon is finding it hard to pay attention during the interview because the interviewer's phone keeps ringing. D) Sylvia finds it difficult to read her colleague's e-mail message because it's filled with grammatical errors and typos.
______ requires that directors of a corporation place the interests of the corporation before their own interests
a. fiduciary duty of loyalty b. duty of care c. fiscal duty of loyalty d. real duty of loyalty e. preferential duty
Garrott Corporation's total assets were $1,505,000 at the end of Year 2 and $1,520,000 at the end of Year 1. Its total stockholders' equity was $1,197,000 at the end of Year 2 and $1,180,000 at the end of Year 1.Income StatementFor the Year Ended December 31, Year 2Sales (all on account)$1,340,000 Cost of goods sold 830,000 Gross margin 510,000 Operating expenses 465,143 Net operating income 44,857 Interest expense 9,000 Net income before taxes 35,857 Income taxes (30%) 10,757 Net income$ 25,100 The company's return on total assets for Year 2 is closest to:
A. 2.09% B. 1.67% C. 2.08% D. 1.66%