A ________ designs and writes computer codes
A) technical writer
B) systems analyst
C) programmer
D) business analyst
C
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Which of the following types of companies would you expect to have the highest inventory turnover ratio?
A) A law firm B) A construction company C) A fine jewelry retailer D) A grocery store
Which of the continuous improvement tools is used to conduct root-cause analysis?
A) statistical process control (SPC) B) flow chart C) Ishikawa diagram D) Pareto chart
Using Table 7.14, what is the probability that the project will take 16 or more weeks to complete?
A) less than or equal to 20% B) greater than 20% but less than or equal to 25% C) greater than 25% but less than or equal to 30% D) greater than 30%
Safeco Company and Risco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows are somewhat different, resulting in Safeco having a WACC of 10% and Risco a WACC of 12%. Safeco is considering Project X, which has an IRR of 10.5% and is of the same risk as a typical Safeco project. Risco is considering Project Y, which has an IRR of 11.5% and is of the same risk as a typical Risco project. Now assume that the two companies merge and form a new company, Safeco/Risco Inc. Moreover, the new company's market risk is an average of the pre-merger companies' market risks, and the merger has no impact on either the cash flows or the risks of Projects X and Y. Which of the following statements is CORRECT?
A. If the firm evaluates these projects and all other projects at the new overall corporate WACC, it will probably become riskier over time. B. If evaluated using the correct post-merger WACC, Project X would have a negative NPV. C. After the merger, Safeco/Risco would have a corporate WACC of 11%. Therefore, it should reject Project X but accept Project Y. D. Safeco/Risco's WACC, as a result of the merger, would be 10%. E. After the merger, Safeco/Risco should select Project Y but reject Project X. If the firm does this, its corporate WACC will fall to 10.5%.