Which of the following statements about product-oriented visions is true?
A. They allow firms to set goals that focus primarily on filling the organization's needs.
B. They allow companies to effectively adapt to changing environments.
C. They define a business in terms of providing solutions to customers.
D. They tend to force managers to take a myopic view of the competitive landscape.
Answer: D
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Which of the following performance characteristics deals with a factual measure of the process that we mean to measure and that works the same way each time it is used?
A. Valid and reliable B. Acceptable C. Feasible D. Specific E. Based on mission and goals
Before shareholders can bring a derivative suit, they must submit a written demand to the corporation, asking the board of directors to take action.
Answer the following statement true (T) or false (F)
Most large certificates of deposit are:
a. not negotiable because they are bank-made debts b. insured by the FDIC for up to $500,000 c. insured by the FDIC for up to $200,000 d. insured by the FDIC for up to $100,000 e. none of the other choices are correct
Erik Wells bought a Sandia Corporation convertible bond for $1,000 . The bond was convertible to 50 shares of stock. At the time of the purchase, the stock was selling for $20 per share. At the end of two years, the stock was selling for $28 per share. Erik converted his bond. Assuming the market value of the bond had not changed, how much profit did Erik realize by converting?