The issues priority matrix used in environmental scanning is composed of two axis or dimensions which are labeled
a. importance to the industry and likelihood of occurrence.
b. industry growth rate and probable competitive position.
c. probability of occurrence and probable impact on the corporation.
d. probable industry attractiveness and business strength/ competitive position.
e. issue importance and relative power of stakeholder groups.
C
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Acid-test ratio
What will be an ideal response?
Patti sells a painting that has a fair market value of $9,000 to James for $6,000 . Which of the following statements about the tax effect of the sale is/are correct? I. If James is an employee of Patti's, no income is recognized from the sale. II. If James is Patti's brother, James does not recognize any income from the sale. III. If Patti is an art dealer and she sold the painting to James
because she needed cash quickly, James does not recognize any income from the sale. IV. If James owns 60% of Patti's company, James does not recognize any income from the sale. a. Only statement II is correct. b. Only statement III is correct. c. Only statements II, and III are correct. d. Only statements II, III, and IV are correct. e. Statements I, II, III, and IV are correct.