Cascading of goals is important because
a. Management needs to know there will be outcomes
b. The human resources department demands it
c. It gives direction to shareholders
d. It ensures that employees are contributing to the organization's goals
d
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Bic's Wite-out phased out unprofitable outlets and reduced communications to the minimal level needed to retain hard-core loyals because it was in the maturity stage of the product life cycle
Indicate whether the statement is true or false
In the flow-to-equity approach to capital budgeting, it is the after-tax cash flows that are available ________ that are discounted at the levered equity required rate of return
A) to be paid to bondholders B) to be paid to stockholders C) to be used in the project D) to be paid to government agencies that authorized the project