_________ is another term for a defensive strategy.
A. A retrenchment strategy
B. A fixed plan
C. The aggressive approach
D. A growth strategy
E. A stability strategy
A. A retrenchment strategy
A defensive strategy, or a retrenchment strategy, is a grand strategy that involves reduction in the organization's efforts.
You might also like to view...
If an employee has a high the degree of perceived ability relative to the task demands, he or she would be the least likely to accept a(n) ________ leadership style.
A. selling B. directive C. participative D. consultative
Climax Motors Inc is currently all equity financed, but it is considering a leveraged capital structure, details of which are presented in the table below (under the column labeled 'Proposed')
Under the proposed capital structure, Climax will use all of the new debt to repurchase (and cancel) shares. Assume that taxes are zero. Assume that all of net income is paid out as a dividend in one year's time. Assume that the debt is perpetual with an annual coupon rate of 6%. Wolfgang von Trips owns 25,000 shares. Under each capital structure, how much does Wolfgang receive in dividends at the end of each year? Assume that Wolfgang has the same number of shares under both structures. Capital Structure Capital Structure Current Proposed EBIT $120,000 $120,000 Debt, D $0 $450,000 Cost of Debt, kd N/A 6% Shares Outstanding 100,000 70,000 Stock Price $15.00 $15.00 A) Current: $30,000; Proposed: $30,000 B) Current: $30,000; Proposed: $23,250 C) Current: $30,000; Proposed: $42,857 D) Current: $30,000; Proposed: $33,214 E) Current: $30,000; Proposed: $27,684
______ is the potential that a decision made will lead to undesirable outcomes.
A. Risk B. Failure C. Regret D. Success
Most security interests are perfected when filed for public inspection with the secretary of state, county clerk, or similar official
a. True b. False Indicate whether the statement is true or false