Managerial Skills (Scenario)Adam, Brenda, Carl, and Dan are employees in the same organization. Adam is the shift manager, Brenda is the district manager, Carl is the regional manager and Dan is the project leader. Adam manages the employees who produce the organization's product. After noticing his excellent work, he is promoted to division manager. Carl on the other hand, after a disciplinary proceeding is assigned to the post of office manager. Ethan is the managing director of the same organization.Which of the following is true for Ethan?
A. He should be very sound in his technical skills.
B. He can manage with limited financial skills.
C. Conceptual skills are the most important skills that Ethan requires.
D. He need not possess any human skills
Answer: C
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A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under:
A) investing activities. B) financing activities. C) noncash investing and financing activities. D) operating activities.
Assuming fixed costs remain constant, and a company sells more units than it produces, then income under absorption costing is less than income under variable costing.
Answer the following statement true (T) or false (F)
Cable lines provide high-speed data transmission using phone lines
Indicate whether the statement is true or false
Clifford Company is choosing between two projects. The larger project has an initial cost of $100,000, annual cash flows of $30,000 for 5 years, and an IRR of 15.24%. The smaller project has an initial cost of $50,000, annual cash flows of $16,000 for 5 years, and an IRR of 16.63%. The projects are equally risky. Which of the following statements is CORRECT?
A. Since the smaller project has the higher IRR, the two projects' NPV profiles will cross, and the larger project will look better based on the NPV at all positive values of the cost of capital. B. If the company uses the NPV method, it will tend to favor smaller, shorter-term projects over larger, longer-term projects, regardless of how high or low the cost of capital is. C. Since the smaller project has the higher IRR but the larger project has the higher NPV at a zero discount rate, the two projects' NPV profiles will cross, and the larger project will have the higher NPV if the cost of capital is less than the crossover rate. D. Since the smaller project has the higher IRR and the larger NPV at a zero discount rate, the two projects' NPV profiles will cross, and the smaller project will look better if the cost of capital is less than the crossover rate. E. Since the smaller project has the higher IRR, the two projects' NPV profiles cannot cross, and the smaller project's NPV will be higher at all positive values of the cost of capital.