The forecast time horizon for tactical decision-making is ______.
a. short term
b. medium term
c. long term
d. very long term
b. medium term
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Standard costs can be used by management to assess the reasonableness of actual costs incurred.
Answer the following statement true (T) or false (F)
According to the Model of Interaction Stages, during which stage of coming together do partners express a deep commitment to each other publicly to the rest of the world?
a. initiating b. experimenting c. intensifying d. bonding
Which of the following is characteristic of fee simple absolute ownership?
A) It is infinite in duration. B) It is the highest form of ownership. C) It does not end upon the happening of some event. D) It can be willed and inherited. E) All of the above
McGrath Corporation recently issued 180-day commercial paper with a face value of $1,500,000 and a simple interest rate of 13 percent. The company paid a transaction fee equal to 0.3 percent of the amount issued, which was taken out of the issue amount before the company received any funds. Assuming there are 360 days in a year, what are the commercial paper's annual percentage rate (APR) and effective annual rate (rEAR), respectively?
A. APR = 7.30%; rEAR = 15.12% B. APR = 9.73%; rEAR = 9.84% C. APR = 13.97%; rEAR = 14.23% D. APR = 14.59%; rEAR = 15.12% E. APR = 15.34%; rEAR = 15.34%