A detailed quarterly plan that states how many units of product each salesperson on the team needs to sell per month is an example of a(n) ________

A) business plan
B) financial plan
C) strategic plan
D) functional plan
E) operational plan

E

Business

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The relatively homogeneous and enduring divisions in a society, which are hierarchically ordered and whose members share similar values, interests, and behavior constitute a ________

A) culture B) subculture C) social class D) family E) group

Business

Marian Company is considering the purchase of equipment for $400,000. The equipment will have a ten year life with no terminal salvage value. Straight-line depreciation will be used for tax purposes

It is expected that the equipment will generate annual sales of $200,000 for ten years and annual production costs, exclusive of depreciation, of $120,000 for ten years. The tax rate is 40%. The required rate of return is 10%. The present value of one for 10 years at 10% is 0.3855. The present value of an ordinary annuity of one for 10 years at 10% is 6.1446. What is the net present value of the equipment? A) $(6,746) B) $(42,411) C) $(80,000 ) D) $(105,059)

Business