Does every business firm have business strategies?
What will be an ideal response?
Every business firm should have a business strategy for every industry or market segment it serves. A business strategy aims at improving the competitive position of a business firm's products or services in a specific industry or market segment. Firms must therefore have business strategies even if they are not organized on the basis of operating divisions. Nevertheless, it is still possible that some business firms do not have clearly stated business strategies. If they hope to be successful, however, they must have at least some rudimentary (even though unstated) position they take in terms of getting and keeping customers or clients through competitive and/or cooperative strategies.
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The Cash amount properly shown on the year-end balance sheet is the:
A. Balance per the year-end bank statement B. Balance in the general ledger account before the year-end bank reconciliation C. Balance per the year-end bank statement less deposits in transit and plus outstanding checks D. Balance in the general ledger account after entries from the year-end bank reconciliation have been posted
If a country's corporate tax rate is flat, when does it not make sense for a firm to hedge?
What will be an ideal response?