Based on the information in Table 4-2, the debt ratio is

Closing the loop in the area of business strategy means that:

A) core competencies at the functional level feed back into the business strategy. B) the mission statement is used to develop the business strategy. C) the business strategy is translated into operations and supply chain actions. D) other functional strategies, such as those of the marketing and finance functions are aligned with the operations and supply chain strategy.

Which of the following statements concerning the constant growth dividend valuation model is

true? A) The required rate of return must be equal to the growth rate for dividends. B) The required rate of return must exceed the growth rate. C) The growth rate must increase every year. D) The dividend growth rate must be bigger than 8%.