According to the fiduciary duty of loyalty, individuals in groups look to others to learn appropriate behaviors and attitudes.
Answer the following statement true (T) or false (F)
False
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Which of the following would most likely remind a salesperson to send a thank-you letter to a sales prospect?
A. Sales force automation system B. Demographic information system C. Geographic information system D. Electronic Rolodex E. Global positioning system
Answer the following statements true (T) or false (F)
1. The ability to work with budgets and financial statements is a must, if you want to advance and succeed in business. 2. A capital expenditures budget is a forecast of total operating spending for the year. 3. It is possible to have lots of revenues and yet make a profit. 4. The only way to really increase long term profits is to increase revenues.
In general, firms should use their weighted average cost of capital (WACC) to evaluate capital budgeting projects because most projects are funded with general corporate funds, which come from a variety of sources. However, if the firm plans to use only debt or only equity to fund a particular project, it should use the after-tax cost of that specific type of capital to evaluate that project.
Answer the following statement true (T) or false (F)
Tray has a T-shirt business that buys shirts from a wholesaler for four dollars each and sells them to retailers for eight dollars each. He imprints each shirt with a picture of a musical artist that costs him two dollars. He also pays his cousin to do the printing at five dollars an hour. LaShawn prints five shirts per hour. A retailer offers to buy 1000 shirts at seven dollars each. Should Tray agree to the deal?
A. Yes, Tray will make a profit of one dollar per shirt. B. No, Tray will not make a profit at this price. C. Yes, Tray will make a marginal profit at this rate. D. Yes, even though he may lose money he can make up for it in volume.