Business

A local utility company needs to make a decision regarding which tire type to use for the truck it uses when servicing the local electric grid. The time period for the analysis is 6 years. The following assumptions will be used for the analysis: gasoline price of $3.00 per gallon, and 25,000 miles driven per year. Two tire types are available for purchase (need to buy 4 tires for the truck). Type A, a lower quality tire, sells for $250 per tire, the tire is expected to last 50,000 miles, and result in average gasoline use for the truck of 20 miles per gallon. Type B, a higher quality tire, sells for $400 per tire, the tire is expected to last 75,000 miles, and result in an average gasoline use for the truck of 25 miles per gallon. a. Calculate the annual savings in gasoline costs that would result from using Type B instead of Type A.b. For the overall 6-year period, calculate the overall cost (include both the cost of gasoline and the cost of tires) for both tire types, and determine which tire type should be purchased.
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An investment strategy where a higher price is paid for a stock based upon expected returns is: A growth investing B value investing C conservative investing D passive investing
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You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = 1.00 and the dollar-pound exchange rate is quoted at $2.00 = 1.00. If a bank quotes you a cross rate of 1.00 = 1.20, how much money can an astute trader make?
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When people buy more of a certain good as they get more money, this goodis considered
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Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amount of $323,000, and its inventory at the end of the year was $102,000.What was Baxter's Cost of Goods Sold for 2014?1) $391,0002) $306,0003) $408,0004) $289,000
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Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms in the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAC management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAC management. As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAC also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place,there have been fewer ethical violations.Although employee salaries at EAC are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits. If EAC can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success. Refer to Echo Air Company. Initially, employees were not willing to go to EAC management with ethical issues but would instead report them to the press. This is an example of :A. whistle-blowing.B. a social audit.C. poor employees.D. opportunity emptor.E. a narc.
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The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by its employees, is an example of paternalistic social responsibility. A) True B) False
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which of the following best describes message flows? Multiple Choicea) message flows are continuous with each poolb) message flows are modeled with solid arrowsc) message flows represent exhcanges between poolssd) message flows may not cross pool boundariese) message flows may not cross lane booundaries
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I make $2,000/month. Of that the government takes $200 in taxes. Then I pay $1,000 for rent, $400 for food, and $200 in utilities. The remaining $200/month I have left is considered:________.
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A(n) ____ is the collection of individuals responsible for the overall planning and development of the contingency planning process, including the organization of subordinate teams and oversight of subordinate plans.
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Calculating Present Values. Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your mutual fund can achieve a 10.25 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today?9. Calculating Present Values. Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your mutual fund can achieve a 10.25 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today?a. PV * (1 + .1025)^10 = $150,000b. PV * (1.1025)^10 = $150,000c. PV * (2.65239)= $150,000d. PV = $150,000/2.65239e. PV = $56,533.42
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Kingbird, Inc. purchased office supplies costing $7980 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2850 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:
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On March 31, 2009, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Phoenix Company after adjustments on December 31 each year
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A common tactic project managers use when they realize their project is underfunded is to rely on:A) Political tactics.B) Intimidation.C) The kindness of strangers.D) Asking for forgiveness rather than permission.
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Jane Hastings recently joined her first job as a communication executive and is working on creating press releases for an upcoming campaign. The campaign is getting launched publicly in the next week and Hastings will need to interact with the media and give sound bites on the issue. This is the first time she will be interacting with the press and she is experiencing emotions of anxiousness, nervousness, and stress. Which of the following mood dimensions is she experiencing?a. low negative affectb. high positive affectc. low positive affectd. high negative affecte. neutral affect
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The relative price of any commodity is its price in terms of A. dollars. B. foreign currencies. C. another commodity. D. gold.
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Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per person. b. growth rate of nominal GDP. c. growth rate of real GDP. d. growth rate of real GDP per person.
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ian's team just had a research breakthrough. They'll need several thousands of dollars to complete the project. Brian has called a series of meetings in which he's promoting the significance of the new discovery, explaining the economic benefits that will result from the final project, and answering questions. Brian is a(n) ________ within his company. A) change agent B) arbitrator C) manipulator D) idea champion E) stress creator
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Business Insider released a list of the 50 best U.S. employers, and the number one company was a surprise: the biopharmaceutical firm Celgene. Firms invest in their __________ resources by offering excellent pay and benefits.a) humanb) tangiblec) intangible
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A group of concerned citizens has established a trust fund that pays 5% interest, compounded monthly, to preserve a historical buildingby providing annual maintenance funds of $80,000 forever. Compute the capitalized equivalent amount for these building maintenance expenses.
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Garrett, an American manager for a fast food corporation, visited Saudi Arabia for a business meeting. Despite being Christian, he attempted to act like a Muslim in a misguided attempt to please his host. Mark has violated a cultural __________.
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In December 2015, General Electric (GE) had a book value of equity of $ 98.3 billion, 9.6 billion shares outstanding, and a market price of $ 29.78 per share. GE also had cash of $ 100.9 billion, and total debt of $ 197.8 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $ nothing billion. (Round to one decimal place.) What was GE's market-to-book ratio? GE's market-to-book ratio was nothing. (Round to two decimal places.) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was nothing. (Round to two decimal places.) What was GE's market debt-equity ratio? GE's market debt-equity ratio was nothing. (Round to two decimal places.) c. What was GE's enterprise value? GE's enterprise value was $ nothing billion. (Round to one decimal place.)
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A competitive environment where there is weak to moderate rivalry among sellers, high entry barriers, weak competition from substitute products, and little bargaining leverage on the part of both suppliers and customers lacks powerful driving forces. gives each industry competitor the best potential for building sustainable competitive advantage over rival firms. makes it challenging for industry members to compete successfully unless they can strongly differentiate their products. is conducive to industry members earning attractive profits. requires that industry members have low costs in order to be competitively successful. A. the industry and competitive arena in which the company operates.B. general economic conditions plus the factors driving change in the markets being served.C. all the strategically significant forces and factors outside a company's boundaries general economic conditions, population demographics, societal values and lifestyles, technological factors, and governmental legislation and regulation.D. the competitive market environment that exists between a company and its competitors.E. the dominant economic features of a company's industry.
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A rational person does not act unless a. the action makes money for the person. b. the action is ethical. c. the action produces marginal costs that exceed marginal benefits. d. the action produces marginal benefits that exceed marginal costs.
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