For small businesses, the most likely form of organizational structure is
A. functional.
B. line.
C. line-and-staff.
D. committee.
Answer: B
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When a company wishes to purchase and retire its own stock, the company must
a. decrease the stock account balances by the original issue price. b. record a gain or loss depending on the difference between original selling price and repurchase cost. c. get the approval of the state to do so. d. issue a different class of stock to the former stockholders.
Answer the following statement(s) true (T) or false (F)
1. A defender strategy is one where an organization simply responds to environmental threats and opportunities rather than following a defined plan. 2. Typically, managers focus on three main levels of strategy during the strategic planning process: organizational, divisional, and functional. 3. To be a learning organization, the company must acquire, distribute, and retain knowledge. 4. Mimicry, vicarious learning, scanning and grafting are all ways to distribute knowledge. 5. Globalization is the integration of economy, trade, and finance on an international scale.
The balance sheet of Crimpson Solutions Ltd. has cash of $125 million, accounts receivable of $245 million, inventory of $160 million, and equipment worth $450 million. The company also has accounts payable of $120 million, notes payable of $280 million, and corporate bonds of $365 million. Crimpson's current ratio is:
A. 2.5 times. B. 1.56 times. C. 1.325 times. D. 0.565 times. E. 1.855 times.
Which of the following bonds has the greatest default risk?
A. A U.S Treasury bond with a two-year maturity B. An AAA corporate bond with a seven-year maturity C. A BBB corporate bond with a three-year maturity D. A CCC corporate bond with a 10-year maturity E. An AAA corporate bond with a 10-year maturity