Which statement concerning strategic planning is correct?
a. Strategic planning should be conducted once a year.
b. Strategic plans should emphasize pricing.
c. Strategic plans should be adhered to despite their success/failure.
d. Strategic planning is a continuous process throughout the year.
d
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Considering each action independently and holding other things constant, which of the following actions would increase a firm's discretionary financing needed (the need for additional capital)?
A) A decrease in the firm's accounts receivable average collection period B) An increase in the firm's profit margin C) A decrease in the firm's inventory turnover D) A decrease in the expected growth rate in sales
The following values represent the population of home mortgage interest rates (in percents) being charged by the banks in a particular city:
6.9 7.5 6.5 7 7.3 6.8 6.5 7 7 7.2 7.5 7.8 6 7 Given this information, what is the most extreme amount of sampling error possible if a random sample of n = 4 banks is surveyed and the mean loan rate is calculated? A) -0.55 percent B) 0.52 percent C) 1.08 percent D) Can't be determined without more information.