The manager of a cost center is responsible for controlling costs and generating revenues for the company

You just won the Publisher's Clearing House Sweepstakes and the right to 20 after-tax ordinary annuity cash flows of $163,291.18. Assuming a discount rate of 7.50%, what is the present value of your lottery winnings?

Use a calculator to determine your answer. A) $3,265,823.60 B) $1,789,520.81 C) $1,664,670.52 D) There is not enough information to answer this question.

The managers at Vanguard follow a cost leadership strategy. Which of the following is a characteristic of their strategy?

A) Provide consumers unique products. B) Provide consumers different products. C) Provide consumers quality products or services at low prices by effective cost management. D) Products are higher priced and less popular products or services than their competitors. E) Provide budgets versus strategies and make more money by charging higher prices.