Identify uniqueness drivers in a company's value chain. Explain how these drivers impact a firm's generic strategy.
What will be an ideal response?
A uniqueness driver is a value chain activity or factor that can have a strong impact on customer value and creating differentiation. Uniqueness drivers include: (1) high-quality inputs; (2) innovation and technological advances; (3) superior product features; (4) production-related R&D investments; (5) continuous quality improvement; (6) improving skills of personnel, marketing, and brand-building; and (7) enhanced customer service.
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Which of the following is a major duty of a financial manager?
I. To make investment decisions II. To make financing decisions III. To manage cash flow from operating activities A) I only B) I and II only C) I and III only D) all of the above
Government officials of Country Z estimate that next year's public programs will cost $19 million but that tax revenues will be only $15 million. The officials could avoid a deficit next year by adopting which of the following fiscal strategies?
A. Increase taxes by $4 million. B. Borrow $4 million by issuing new government bonds. C. Reduce the cost of public programs by $4 million. D. All of these strategies will avoid a deficit.
The study of an individual item or account over several periods in the same financial year or over many years is known as:
A. Vertical analysis B. Ratio analysis C. Horizontal analysis D. Liquidity analysis
Rupert Company purchased a delivery van on January 1, Year 1 for $45,000. Rupert uses the straight-line method for the asset, which has a five-year estimated useful life and a salvage value estimated at $9,000. On January 1, Year 3, the asset was sold for $33,300 cash. Indicate whether each of the following items related to Rupert Company is true or false. ________ a) Annual depreciation for Ruperts equipment was $9,000.________ b) Accumulated depreciation at end of Year 2 was $14,400.________ c) Book value at end of Year 2 was $30,600.________ d) On the date of the sale, Rupert will record a loss of $2,400.________ e) A gain or loss on the sale of a plant asset is reported on the balance sheet.
What will be an ideal response?