Which of the following best describes the manager of a profit center?
A) The manager is only responsible for controlling costs.
B) The manager is responsible for generating profits and efficiently managing the center's invested capital.
C) The manager is only responsible for generating revenues.
D) The manager is responsible for generating revenues and controlling costs.
D
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Amalgamated Mining, Inc has very high operating leverage due to the capital intensive nature of
the steel business. The firm's CEO is concerned about the variability in the firm's EPS if sales should drop, and decides to take action. Which of the following will reduce the variability in the firm's EPS for a given change in sales? A) The CEO may issue more corporate bonds and use the proceeds to pay off short-term liabilities. B) The CEO may increase the firm's financial leverage and hence reduce the variability by using non-shareholder money to support the business. C) The CEO may decrease the firm's financial leverage, thus lowering the firm's total leverage. D) The CEO may increase the firm's total leverage by raising money from the sale of common stock.
_______ is the cultural dimension that describes the degree to which individuals are integrated into groups
Fill in the blanks with correct word