Archive for February 2021

The plowback ratio is:

The plowback ratio is:-Equal to net income divided by the change in total equity.-The percentage of net income available to the firm to fund future growth.-Equal...

A firm is currently operating at full capacity. Net working capital, costs, and all assets vary directly with sales. The firm does not wish to obtain any additional equity financing. The dividend payout ratio is constant at 40 percent. If the firm has a positive external financing need, that need will be met by:

A firm is currently operating at full capacity. Net working capital, costs, and all assets vary directly with sales. The firm does not wish to obtain...

Financial planning:

Financial planning:-Focuses solely on the short-term outlook for a firm.-Is a process that firms employ only when major changes to a firm's operations...

Which one of the following is a use of cash?

Which one of the following is a use of cash?-Decrease in fixed assets.-Decrease in inventory.-Increase in long-term debt.-Decrease in accounts receivables.-Decrease...

Which one of these is most apt to be a fixed cost?

Which one of these is most apt to be a fixed cost?-Raw materials.-Manufacturing wages.-Management bonuses.-Office salaries.-Shipping and freight.Answer: office...

The book value of a firm is:

The book value of a firm is:-Equivalent to the firm's market value provided that the firm has some fixed assets.-Based on historical cost.-Generally greater...

Which of the following are current assets?

Which of the following are current assets?I. CashII. TrademarkIII. Accounts receivableIV. Notes payable-II and III only.-I and III only.-I, II, and IV...

Cash flow to stockholders is defined as:

Cash flow to stockholders is defined as:-The total amount of interest and dividends paid during the past year.-The change in total equity over the past...

Noncash items refer to:

Noncash items refer to:-Accrued expenses.-Inventory items purchased using credit.-The ownership of intangible assets such as patents.-Expenses which do...

Net working capital is defined as:

Net working capital is defined as:-Total liabilities minus shareholders' equity.-Current liabilities minus shareholders' equity.-Fixed assets minus long-term...

A stakeholder is:

A stakeholder is:-A person who owns shares of stock.-Any person who has voting rights based on stock ownership of a corporation.-A person who initially...

What is the objective of scheduling?

What is the objective of scheduling?A) maximize qualityB) minimize costC) minimize response timeD) prioritize and allocate demand to available facilitiesE)...

Karen, the manager of a branch location of a large travel firm, treated company resources as if they were her own and her employees even better. She cared about the staff deeply and even organized international volunteering activities to promote their growth. Karen could best be described as which type of leader?

Karen, the manager of a branch location of a large travel firm, treated company resources as if they were her own and her employees even better. She cared...

Andrew supervises a customer service unit that receives stress-producing calls from unhappy customers, and turnover has been high lately. Andrew is understanding and patient with the staff, and tells them he knows what they're going through since it wasn't so long ago that he took those calls. According to revised path-goal theory, Andrew is using a(n) ______ leadership style.

Andrew supervises a customer service unit that receives stress-producing calls from unhappy customers, and turnover has been high lately. Andrew is understanding...

Michael runs a research and development department. He gets a lot out of his employees by setting lofty goals and expressing his belief that each of them is capable of doing his or her part. He expects their best work. According to revised path-goal theory, Michael is using a(n) ______ leadership style.

Michael runs a research and development department. He gets a lot out of his employees by setting lofty goals and expressing his belief that each of them...

Marco supervises the pool of word processors serving the firm's lawyers. He gets along well with his people, and has created detailed procedures for all types of legal document they encounter. Marco hires and fires, and gives work assignments, performance appraisals, and promotions. According to the contingency model, the optimal leadership style is

Marco supervises the pool of word processors serving the firm's lawyers. He gets along well with his people, and has created detailed procedures for all...

Leticia supervises a group of customer service representatives. Leticia is respected and well liked by her staff, and she has worked hard to make sure all of them known how to do the job very well. She is responsible for all staffing and reward decisions in her department. In the contingency model, Leticia has

Leticia supervises a group of customer service representatives. Leticia is respected and well liked by her staff, and she has worked hard to make sure...

Savannah leads a task force charged with restructuring the order-processing system in the organization. The task force is composed of her peers over whom she has little control, and some of whom do not seem to respect her. According to the contingency model, Savannah should adopt a(n) ___________ leadership style.

Savannah leads a task force charged with restructuring the order-processing system in the organization. The task force is composed of her peers over whom...

DeAndre leads a task force developing specifications for a new customer database to be used by several departments. DeAndre is an IT supervisor, but most of the others are directors of other departments. At the first meeting, a few of them asked him questions he couldn't answer. According to the contingency model, DeAndre's situational control likely

DeAndre leads a task force developing specifications for a new customer database to be used by several departments. DeAndre is an IT supervisor, but most...

Organizations may apply trait theory by

Organizations may apply trait theory byA. considering the relationships among employees.B. using personality assessments.C. hiring only from top-ranked...

Techniques for controlling the cost of labor in services include accurate scheduling of labor hours to assure quick response to customer demand, on-call labor for unexpected demand, flexibility of labor skills for reallocation of available labor, and flexibility in rate of output or hours of work to meet changing demand.

Techniques for controlling the cost of labor in services include accurate scheduling of labor hours to assure quick response to customer demand, on-call...

A manager is applying the transportation model of linear programming to solve an aggregate planning problem. Demand in period 1 is 100 units, and in period 2, demand is 150 units. The manager has 125 hours of regular employment available for $10/hour each period. In addition, 50 hours of overtime are available for $15/hour each period. If holding costs are $2 per unit each period, how many hours of regular employment should be used in period 1?

A manager is applying the transportation model of linear programming to solve an aggregate planning problem. Demand in period 1 is 100 units, and in period...

A firm uses graphical techniques in its aggregate planning efforts. Over the next twelve months (its intermediate period), it estimates the sum of demands to be 105,000 units. The firm has 250 production days per year. In January, which has 22 production days, demand is estimated to be 11,000 units. A graph of demand versus level production will show that:

A firm uses graphical techniques in its aggregate planning efforts. Over the next twelve months (its intermediate period), it estimates the sum of demands...

A firm uses the pure chase strategy of aggregate planning. It produced 1000 units in the last period. Demand in the next period is estimated at 800, and demand over the next six periods (its aggregate planning horizon) is estimated to average 900 units. Which of the following tactics would be most representative of following a chase strategy?

A firm uses the pure chase strategy of aggregate planning. It produced 1000 units in the last period. Demand in the next period is estimated at 800, and...

Which choice best describes level scheduling?

Which choice best describes level scheduling?A) Daily production is variable from period to period.B) Subcontracting, hiring, and layoffs manipulate supply.C)...

Disaggregation:

Disaggregation:A) breaks the aggregate plan into greater detail.B) transforms the master production schedule into an aggregate plan.C) calculates the...

Which of the following is NOT an input to S&OP?

Which of the following is NOT an input to S&OP?A) capacity decisionsB) supply-chain supportC) workforceD) inventory on handE) master production scheduleAnswer: E)...
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