Here is information about Company ABC for 2018: Revenue 100 million COGS 55 million Rent 5 million Depreciation 0 Interest 10 million Profits taxes 12 million Preferred dividends 6 million Purchase of equipment 20 million It does not issue any new shares. What is Net (After-Tax) Profit?
a) 12 million
b) 18 million
c) 28 million
d) a loss of 2 million
e) a loss of 8 million
f) this is an impossible situation
Answer: b) 18 million
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Which of the following is NOT one of the four core fundamental resource areas an organization will build its business model or system around:
A. Assets B. Labour C. Capital D. Managerial acumen E. Structure
In the Brentwood Academy v. Tennessee Secondary School Athletic Association case, the U.S. Supreme Court held that:
a. state action may be found only if there is such a close nexus between the state and the challenged action that seemingly private behavior may be fairly treated as that of the state itself. b. as an express conclusion of law, public school officials do not necessarily act within the scope of their duties when they represent their institutions. c. as an express conclusion of law, public school officials act within the scope of their duties when they represent their institutions. d. the Association had a majority of private school memberships which prevented the action of the Association from being considered state action.