A drawback to group decision making is _______.
Fill in the blank(s) with the appropriate word(s).
Answer: time to reach a decision
Business
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A firm has an operating profit of $300,000, interest of $35,000, and a tax rate of 40 percent. The firm has an after-tax cost of debt of 5 percent and a cost of equity of 15 percent
The firm's target capital structure is set at a mix of 40 percent debt and 60 percent equity. Assuming this as the optimum capital structure, the value of the firm is ________. A) $1.4 million B) $2.2 million C) $1.8 million D) $6.0 million
Business
If you buy a franchise, you must pay a percentage of every unit you sell to the franchisor. That percentage is called ________
A) A royalty B) A franchise fee C) A commission D) A charge E) A payment
Business