Which of the following steps is typically the last step in the strategic retail planning process?
A. Define the business mission.
B. Establish specific objectives and allocate resources.
C. Develop a retail mix to implement strategy.
D. Evaluate performance and make adjustments.
E. Identify strategic opportunities.
Answer: D
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Use the information below for Fargo Corp for 2015 and 2016 to answer the following question. Bonds payable, December 31, 2015 $500,000 Bonds payable, December 31, 2016 800,000 Loss on bond retirement—2016 15,000 Interest expense on bonds—2016 45,000 At the end of 2016, Fargo issued bonds at par value for $800,000 cash. The proceeds from these bonds were used to retire the $500,000 bond issue
outstanding at the end of 2015 (before their maturity date). All interest expense was paid in cash during 2016. How much did Fargo pay to retire the $500,000 bond issue during 2016? a. $485,000 b. $500,000 c. $515,000 d. $560,000
A company uses the periodic inventory system and had the following activity during the current monthly period. November 1:Beginning inventory104 Units @ $10November 5:Purchased104 Units @ $26November 8:Purchased54 Units @ $25November 16:Sold142 Units @ $65November 19:Purchased35 Units @ $20Using the weighted-average inventory method, the company's ending inventory would be:
A. $3090 B. $1740 C. $1040 D. $2050 E. $3024
Which of the following is a basic element of effective budgetary control?
a. cost behavior patterns b. cost-volume-profit analysis c. standard costing d. all of the above
Where should today’s global businesses focus their primary efforts of diversity?
a. Righting past wrongs b. Managing a hetereogenenous workforce c. Addressing under representation of specific groups d. Managing conflict as a result of a diverse workgroup