The omnipotent view of management states that ________.
A. managers' roles are peripheral and staff manage their own areas of the business
B. managers are directly responsible for an organization's success or failure
C. managers should allow employees to take part in decision-making
D. managers have little or no responsibility for an organization's success or failure
Answer: B
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Upon the acquisition of Microcell, Rogers was able to immediately obtain savings.
Answer the following statement true (T) or false (F)
A salesperson engaged in sales call planning should:
A. conduct vendor analyses. B. design after-the-sale service approach. C. develop the sales presentation. D. join a sales lead club. E. create nonspecific sales call objectives.
Why is overstocking warehouses not an effective solution for a problem of low availability?
A) It does not speed product time to market. B) It is an inefficient use of raw materials. C) It increases sales costs. D) It increases inventory costs. E) It lowers fill rate.
Jack Corporation is owned 75% by Sherri and 25% by Mark. Sherri and Mark have $125,000 and $50,000 bases in their stock, respectively. Jack Corporation adopts a plan of liquidation on March 1. On April 12, Sherri receives the following property as a liquidating distribution: cash of $30,000; land, $125,000 FMV; and 150 shares of Green Corporation stock, $30,000 FMV. The land is subject to a
$20,000 mortgage. On the same date, Mark receives $10,000 FMV of Green stock (50 shares) and cash of $45,000 as a liquidating distribution. The land has a basis of $50,000 and the stock has a basis of $70,000 in Jack Corporation's hands. Both are capital assets to Jack Corporation and have been held for a number of years. a) What is the amount and character of Jack Corporation's recognized gain or loss on the liquidating distributions? b) What are the amounts and characters of Sherri and Mark's recognized gains or losses? c) What are the bases of the land and stock to Sherri and Mark?