Much research has been published regarding the important characteristics of effective leaders. What are five traits that surveys have found to be important and which of your five is most important?
What will be an ideal response?
Table 4.3 in the text lists the results of a survey on characteristics of effective leaders. The list contains these traits, listed in order of percentage of respondents: honest, competent, forward-looking, inspiring, intelligent, fair-minded, broad-minded, straightforward, imaginative, and dependable. Answers may vary as to personal importance.
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Three different objectives relate to a firm's profit, which have different implications for pricing strategy. The three profit-oriented objectives include managing for long-run profits, maximizing current profit objectives, and ________.
A. accumulating profits B. redistributing profits C. reinvesting profits D. maximizing gross margin E. achieving a target return
Which of the following is a federal agency that controls advertising?
A. the National Association of Attorneys General B. the Better Business Bureau C. the National Advertising Review Board D. the National Advertising Review Council E. the Food and Drug Administration
A strategy of vertical integration can have substantial drawbacks, including
A. the difficulties faced in entering outside vertical and horizontal markets. B. the environmental costs of coordinating operations across vertical chain activities. C. loss of technological know-how. D. whether horizontal integration can limit the performance of strategy-critical activities in ways that increase cost, build expertise, protect proprietary know-how, or increase differentiation. E. raising the firm's capital investment in the industry and increasing business risk, as well as providing less flexibility in accommodating shifting buyer preferences by locking the firm into relying on its own in-house activities.
Higher the debt ratio, more the financial leverage a firm has and thus, the greater will be its risk and return
Indicate whether the statement is true or false