A company has net sales of $110,000, cost of goods sold of $41,000, gross profit of $69,000, total operating expenses of $28,225, and net income of $40,775 . Rounded to the nearest tenth of a percent, what would the vertical analysis of the income statement have for total operating expenses?
a. 37.1%
b. 25.6%
c. 88.4%
d. 62.7%
b
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The more participative strategic leaders who encourage participation and empowerment are usually better and more effective CEOs.
a. true b. false
Clark goes to the First Bank to obtain a consumer loan. The bank requests that the Rich Credit Reporting Agency furnish a credit report, which they do. Based upon the report, which says that Clark has been convicted of theft and credit card fraud, the
bank denies Clark's application. Is Clark entitled to know what was in the report? If Clark thinks the information in the report is inaccurate, what can he do?
Cassidy is part of the buying center for a large manufacturer. Her field of expertise is logistics and she is responsible for choosing transportation providers for the company. A sales representative for Yellow Roadway, a successful trucking firm, regularly buys Cassidy's secretary lunch. The representative does this because she views the secretary as a(n) ________ and wants to be sure that information about her company reaches Cassidy.
A. obstructionist B. decider C. gatekeeper D. power-broker E. influencer
Intentional misrepresentation is also known as fraud
a. True b. False Indicate whether the statement is true or false