Which of the following is NOT true about the mission of an organization?

a. It should not be too ambitious
b. It ensures the organization conforms to the norms of its field
c. It should not demotivate those working for the organization
d. It should be feasible
e. It should be distinctive


B

Business

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On January 2, 2015, Lawn Master Construction, Inc issued $500,000, 10-year bonds for $574,540 . The bonds pay interest on June 30 and December 31 . The face rate is 8% and the market rate is 6%. What is the carrying value of the bonds at the end of ten years before the final maturity payment is made?

a. $574,540 b. $525,000 c. $500,000 d. $425,460

Business

Which of the following statements does not describe how retailers use a customer lifetime value (CLV)?

A. Sophisticated statistical methods are typically used to estimate the future contributions from past purchases. B. CLV is used to identify and cater to the best and more profitable customers. C. A customer who spends $800 twice a year has a higher CLV than a customer that spends $100 each month. D. An RFM analysis is often used by catalog retailers and direct marketers in estimating their customers' lifetime value. E. CLV should be estimated under the assumption that the customer's future purchase behaviors will be the same as they have been in the past.

Business

All of the following are logical steps that enable the analyst to determine reliable estimates of value except:

a. understand the economics of the industry b. assess the particular firm's strategy c. evaluate the quality of the firm's accounting d. derive a single point estimate of value for a share's current price

Business

Which of the following is not a requirement of the Sarbanes-Oxley Act?

A) Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors. B) All publicly traded corporations must have an internal audit function. C) All publicly traded corporations must provide internal controls over financial reporting that guarantees financial accuracy. D) The audit committee of a publicly traded corporation must report to the company's board of directors.

Business