A wait-and-see capacity strategy is most appropriate in a fast-growing industry that does not require major facilities

Indicate whether the statement is true or false


False

Business

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________ includes a redefinition of the business concept, reorganization, and the introduction of system-wide changes to increase innovation. 

A. Self-renewal B. Innovativeness C. New business venturing D. Proactiveness

Business

On May 1, Faith, a real estate agent, and Grace, a commercial property owner, sign an agreement to find a buyer for Grace's office building. Under the terms, if a buyer makes a serious offer within sixty days, Grace must pay Faith's commission. Faith puts signs on the building, ads in real estate pamphlets and a local newspaper, and features the property in a "walking" tour on the Internet. On June 1, Grace tells Faith that she is canceling their arrangement. Ten days later, Grace closes a sale on the building without Faith's participation. Faith files a suit against Grace for the amount of her commission. In whose favor is the court most likely to rule and why?

What will be an ideal response?

Business

HI Corporation is considering the purchase of a machine that promises to reduce operating costs by the same amount for every year of its 7-year useful life. The machine will cost $206,780 and has no salvage value. The machine has a 14% internal rate of return. (Ignore income taxes.)Use Exhibit 13B-1 and Exhibit 13B-2 above to determine the appropriate discount factor(s). Required:What are the annual cost savings promised by the machine? (Round your intermediate calculations and final answer to the nearest whole dollar

amount.)Annual cost savings? What will be an ideal response?

Business

Auto insurance usually contains a deductible, while homeowners insurance rarely contains one

Indicate whether the statement is true or false

Business