The geometric growth in the volume and nature of issues global leaders deal with is referred to as _______.
Fill in the blank(s) with the appropriate word(s).
multiplicity
As stated in the text, multiplicity refers to the geometric growth in the volume and nature of issues global leaders deal with.
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Times interest earned ratio
a. Total liabilities b. Total stockholders' equity c. Net income d. Interest expense e. Income tax expense f. Cash flow from operations before interest and tax payments g. Cash paid for acquisitions h. Cash flow from operations
When someone provides general direction from a position of influence to individuals or groups toward the attainment of goals one would be in a position of ______.
A. motivation B. management C. empowerment D. leadership
A company may prefer to use residual income over return on investment for performance evaluation because ________.
A) residual income is a ratio but return on investment is an absolute figure B) residual income is more likely to lead to goal congruence than return on investment C) residual income is easier to calculate than return on investment D) residual income considers three elements but return on investment considers only two elements
A company carries an average annual inventory of $1,000,000. If the cost of capital is 10%, storage
costs are 8%, and risk costs are 7%, what does it cost per year to carry this inventory? A) $100,000 B) $70,000 C) $80,000 D) $250,000 E) cannot be determined from the data given