Discuss why the reporting of disaggregated data may be preferable to consolidated data.
What will be an ideal response?
ANSWER:
Consolidation is a useful way of summarizing overall results as if an affiliated group were one legal entity. But such a method necessarily fails to report on the real separate legal entities, and for this reason there is bound to be a loss of information with respect to the separate legal entities. A number of studies have found that disaggregated data by product line are more useful in forecasting earnings and in valuing the firm.
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Jake had grown tired of working on the family farm and was considering moving away. However, his parents told him, "If you'll stay and help us, we'll leave you the farm when we die." As a result, Jake decided to stay on the farm and worked there for the next twenty years. However, when his parents finally died, Jake learned that they had left the farm to his brother, Nathan. Jake filed suit against his parents' estate to enforce their promise of leaving him the farm. Which of the following would be true of this scenario?
A. Jake's parents' promise is not enforceable because it was illusory. B. The work that Jake did on the farm before his parents made their promise is sufficient consideration to make their promise enforceable. C. Nathan and the parents' estate should be allowed to defeat Jake's claim to the farm by arguing that the parents' promise was enforceable because Jake gave consideration for the promise. D. Jake's parents' promise would be enforceable under the doctrine of promissory estoppel.
Define organizational structure.
What will be an ideal response?
During a crisis, it is the responsibility of a firm's MPR professionals to convey the idea that the top priority of a firm is ________
A) increased earnings B) forward progression C) connector relationships D) customer satisfaction E) positive media coverage
Which of the following sentences avoids the use of trite business phrases?
A) The application will be sent under separate cover. B) Enclosed please find a coupon to use during your next visit. C) We have received your loan application. D) Please do not hesitate to call me if you have questions.