An important disadvantage of decentralization is that managers may engage in suboptimal behavior.

Answer the following statement true (T) or false (F)


True

Business

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Part-time paid employees who work exclusively for the company are a part of the ________ salesforce

A) direct B) virtual C) contractual D) implicit E) brokered

Business

The cash balance on June 30 is projected to be $4500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. Calculate the amount of principal repayment at the

Burchfield, Inc. has prepared its third quarter budget and provided the following data:

A) $5,000
B) $10,000
C) $15,000
D) $20,000

Business

The expected rate of return on a share of common stock whose dividends are growing at a constant

rate (g) is which of the following, where D1 is the next dividend and Vc is the current value of the stock? A) D1/g B) D1/g + Vc C) (D1 + g)/Vc D) D1/Vc + g

Business

Promissory notes are instruments that involve ______ parties

a. three b. four c. more than three d. two e. five

Business