The chief executive officer is ultimately responsible for enterprise risk management.
Answer the following statement true (T) or false (F)
True
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Which of the following is not one of the key ingredients to defining the success of an NGO-business partnership?
A) Must be committed. B) They must show leadership. C) The corporation must be open to change. D) Business ability to bury the desires of the NGO. E) Shared goals.
"Sales promotion" involves boosting sales in short term
Indicate whether the statement is true or false
Generally speaking, a manager spends ______ of his time communicating.
A. 55% B. 65% C. 75% D. 85%
Faros Hats, Inc has two product lines—batting helmets and football helmets
The income statement data for the most recent year is as follows: Total Batting Helmets Football Helmets Sales revenue $850,000 $500,000 $350,000 Variable costs (440,000 ) (150,000 ) (290,000 ) Contribution margin $410,000 $350,000 $60,000 Fixed costs (190,000 ) (90,000 ) (100,000 ) Operating income (loss) $220,000 $260,000 $(40,000 ) What is the effect of dropping football helmets line on the operating income of the company? (Assume that fixed costs remain unchanged and that there would be no adverse effect on other sales.) A) Operating income will increase by $40,000. B) Operating income will increase by $90,000. C) Operating income will decrease by $60,000. D) Operating income will decrease by $350,000.