Which of the following is the first step in strategic planning?
A) define business objectives
B) develop the business portfolio
C) establish the business mission
D) craft a marketing strategy
E) identify threats and weaknesses
C
You might also like to view...
While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:
A. The error will overstate the credits listed in the journal. B. The Equipment account balance will be overstated. C. The total debits in the trial balance will be larger than the total credits. D. The trial balance will not balance. E. The error will overstate the debits listed in the journal.
In a press kit, what is the most important characteristic of clippings, press releases, and biographies?
A) persuasiveness B) interest C) format D) recency E) length
A company had a tractor destroyed by fire. The tractor originally cost $131,000 with accumulated depreciation of $65,400. The proceeds from the insurance company were $26,000. The company should recognize:
A. A gain of $39,600. B. A gain of $65,600. C. A gain of $26,000. D. A loss of $39,600. E. A loss of $65,600.
Krepps Corporation produces a single product. Last year, Krepps manufactured 26,030 units and sold 20,700 units. Production costs for the year were as follows: Direct materials$192,622?Direct labor$143,165?Variable manufacturing overhead$210,843?Fixed manufacturing overhead$494,570?Sales totaled $983,250 for the year, variable selling and administrative expenses totaled $120,060, and fixed selling and administrative expenses totaled $161,386. There was no beginning inventory. Assume that direct labor is a variable cost.Under absorption costing, the ending inventory for the year would be valued at:
A. $283,200 B. $213,200 C. $274,700 D. $240,700