Recently a competitor entered Oliver’s market. Rather than view the new rival as a threat, Oliver and his core team see it as an opportunity. They sit down to reinforce the mission of the company, prioritize how to respond to the competition, and make sure everyone at the company knows how to contribute to the goals designed for success. Oliver’s reaction to the competitor can be designated as
a. External adaptation
b. Internal integration
c. Environmental diversification
d. Macro diversification
a. External adaptation
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Xavier and Yolonda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 15%, salary allowances of $22,000 and $20,000 respectively, and the remainder equally. How much of the net income of $90,000 is allocated to Xavier?
A) $30,250 B) $47,750 C) $45,000 D) $42,250
Stated value of no-par stock is:
A. The market value of the stock on the date of issuance. B. Another name for redemption value. C. An amount assigned to par value stock by the state of incorporation. D. The difference between the par value of stock and the amount below or above par value paid-in by the stockholder. E. An amount assigned to no-par stock by the corporation's board of directors.
A firm's "marketing mix" decision areas do NOT include
A. Promotion. B. Product. C. Price. D. Place. E. People.
Eurodollar bonds are
A) purchased with dollars but redeemed in euros. B) purchased with euros but redeemed in dollars. C) purchased with dollars, but redeemable in either euros or dollars. D) purchased and redeemed in dollars but issued by entities outside the U.S.