In the third step of rational decision making (evaluating alternatives and select a solution), you need to evaluate each alternative not only according to cost and quality but also according to the following questions: _____
A) Is it efficient and how will it affect our marketing strategy?
B) Is it feasible, effective, and efficient?
C) Is it ethical and will it hurt diversity?
D) Is it ethical, feasible, and effective?
E) Is it feasible and profitable?
Ans: D) Is it ethical, feasible, and effective?
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You just graduated and you expect to work for ten years and then to leave for the Australian "Outback" bush country. You figure you can save $1,000 a year for the first five years and $2,000 a year for the next five years
These savings cash flows will start one year from now. In addition, your family has just given you a $5,000 graduation gift. If you put the gift now and your future savings when they start, into an account that pays 8% compounded annually, what will your financial "stake" be when you leave for Australia 10 years from now. (Round to the nearest whole dollar) A) $21,432 B) $28,393 C) $16,651 D) $31,148 E) $20,000
Columbus Co.'s sales revenue for the most recent quarter was $2.5 million and cost of goods sold was $1.5 million. If sales grow by 15% in the next quarter and all ratios remain the same, gross profit will be
A) $2.25 million. B) $1.725 million. C) $1.15 million. D) $1.375 million.