In which of the following situations would it not be appropriate to use the following formula: PV = C0 + C1/(1 + r) + C2/(1 + r)2 + . . . . + Cn/(1 + r)n when determining the present value (PV) of a cash flow stream?
A) when yield curves are flat
B) when short-term and long-term interest rates vary widely
C) when the inflation rate is high
D) when the discount rate is high
Answer: B
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The union election results in approval of the union; however, Texas is a right-to-work state. Which of the following issues does the UFCW have the power to discuss during collective bargaining?
A) requiring new employees to be American citizens and speak fluent English B) requiring that greenhouse materials be purchased from facilities represented by the UFCW or a similar union C) requiring new employees to join the UFCW within 60 days of being hired D) requiring healthcare insurance for all employees E) requiring management to negotiate an on-site childcare facility for employees who are parents of small children
In the management of hierarchy, there is top management, followed by middle management, and lastly by first level management. Starting with top management and going down in the hierarchy, what type of planning is performed at each level?
a. operational, tactical, strategic b. operational, strategic, tactical c. strategic, operational, tactical d. strategic, tactical, operational