Nike's famous tagline, "Just do it," is an example of a slogan, not a business plan or a strategy. Briefly describe the differences among these key terms: planning, a business plan, and a strategy.
What will be an ideal response?
Planning is defined as setting goals and deciding how to achieve them, or coping with uncertainty by formulating future courses of action to achieve specific results. A business plan is a document that outlines a firm’s proposed goals, the strategy for achieving them, and the standards for measuring success. A strategy sets the long-term (one to five years) goals and directions for an organization.
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The primary goal of a detail salesperson is to develop goodwill and stimulate demand for products
Indicate whether the statement is true or false
As part of a plan of corporate reorganization, Sally exchanged 1,000 shares of Tone Corporation common stock that she had purchased for $85,000, for 3,000 shares of Fade Corporation voting common stock having an $87,000 FMV. What is the amount and character of Sally's recognized gain and her basis in the Tone stock as a result of the exchange?
What will be an ideal response?
All of the following statements accurately describe the debt ratio except.
A) It is of use to both internal and external users of accounting information. B) A relatively high ratio is always desirable. C) The dividing line for a high and low ratio varies from industry to industry. D) Many factors such as a company's age, stability, profitability and cash flow influence the determination of what would be interpreted as a high versus a low ratio. E) The ratio might be used to help determine if a company is capable of increasing its income by obtaining further debt.
If the numbers of sp2 and sp3 hybrid gaming consoles produced each day are denoted as X1 and X2 respectively, the function that describes the production department's labor constraint for a week is ________
A) 2X1 + 1.5X2 ? 875 B) 9X1 + 8X2 ? 3500 C) 2X1 + 1.5X2 ? 875 D) 9X1 + 8X2 ? 3500