Describe network armies
What will be an ideal response?
Network armies are a set of individuals aligned for a common cause. They have moral and intellectual influences as opposed to formal leadership. They are a cohesive force within their value system. They usually have open membership.
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Signature Corporation has three product lines: silver, gold, and platinum. All three products have a positive contribution margin, but the gold line has an operating loss. Management is considering discontinuing the product. Management decides to discontinue the gold line. Which of the following must be true if the management followed the decision rule?
A. Total cost savings exceeded the lost revenues from discontinuing the line. B. Lost revenues exceeded the cost savings from discontinuing the line. C. Operating income will not change. D. Not enough information is present to make that determination.
"Paying yourself first" is a core element of a sound financial strategy. What is the primary reason why everyone should have a savings account?
A) to build their net worth B) to improve their credit score C) to manage financial emergencies D) to achieve long-term goals E) to balance their income statement