Define planning. List and briefly discuss the two types of planning managers perform.
What will be an ideal response?
Planning is the process of choosing goals and deciding how to achieve them. Managers engage in strategic and operational planning. Strategic planning involves developing long-term strategies to to achieve a company's goals. Operational planning focuses on short-term actions dealing with a company's
day-to-day operations.
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In a troubled debt restructuring that involves only a modification of terms, if the amount to be repaid is greater than the current carrying value of the liability
A) no gain or loss would be recognized by the debtor. B) an ordinary gain would be recognized by the debtor. C) a prior period adjustment would be recognized by the debtor. D) an ordinary loss would be recognized by the debtor.
________ is how visible a new product and its benefits are to others who might adopt it
A) Compatibility B) Observability C) Relative advantage D) Comparability E) Tangibility
When considering risk response development, assuming the risk because the chance of such an event is slim is known as ________ the risk.
Fill in the blank(s) with the appropriate word(s).
A portfolio plan should
A) seek to maximize the portfolio's value, regardless of risk. B) consider the investor's goals and risk-tolerance level. C) try to make the most possible money in the shortest possible time. D) specify general, rather than concrete, objectives.