At the beginning of a partnership, Dharma invests office furniture valued at $14,000, computer equipment valued at $3,000 on which $2,000 is still owed on account, and $10,000 in cash. The amount of Dharma's capital account would be
a. $10,000; b. $15,000; c. $17,000; d. $25,000; e. $27,000
D
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Performance measures are used in
a. the "perform" stage of the management process. b. the "evaluate" stage of the management process. c. the "communicate" stage of the management process. d. all stages of the management cycle.
What is a primary drawback of a localized multidomestic strategy?
A. It makes it very difficult to take into account significant country-to-country differences in distribution channels and marketing methods. B. It hinders the use of cross-border coordination of a company's activities and increases a company's vulnerability to adverse shifts in currency exchange rates. C. It is unsuitable for competing in the markets of emerging countries and posing added difficulty in modifying a company's business model to compete on the basis of low price. D. It makes it difficult and costly to be responsive to country-to-country differences in customer needs, buying habits, cultural traditions, and market conditions. E. It hinders the transfer of a company's competencies and resources across country boundaries and hinders the pursuit of a single, uniform competitive advantage in all country markets where a company operates.
A firm's total equity is $10 million and total liabilities is $5 million. During the year, its sales equaled to $75 million. Based on the given information, the total assets turnover ratio of the firm is:
A. 10.5 times. B. 13 times. C. 15 times. D. 7.5 times. E. 5 times.
Define and describe Lean Start-Up methodology.
What will be an ideal response?