The short-term plan or budget involves every part of the enterprise and is much more detailed than the long-term plan
Indicate whether the statement is true or false
T
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The anticipated purchase of a fixed asset for $400,000, with a useful life of 5 years and no residual value, is expected to yield total net income of $200,000 for the 5 years. The expected average rate of return on investment is 25.0%
Indicate whether the statement is true or false
The Private Securities Litigation Reform Act of 1995 gives the Securities and Exchange Commission cease-and-desist powers and the power to impose substantial monetary penalties in administrative proceedings
Indicate whether the statement is true or false
In the BCG matrix, a star represents a company
A. that generates excess revenues and funds other businesses. B. that requires substantial investments to improve its position in the market. C. with high growth and a strong competitive position in the market. D. that will be divested as soon as possible. E. with low growth and a strong competitive position in the market.
According to the text, one of the main reasons that IKEA has been able to grow rapidly without greater capital investments is that
A. it sells at the lowest-cost price in the market. B. it operates in tax havens. C. most of its production is outsourced to other firms. D. it has relied more on local production. E. it is a privately held company.