Sirius Corp, an Automobile Manufacturer from Texas, Has a Number

question 111

Multiple Choice

Sirius Corp, an automobile manufacturer from Texas, has a number of vacancies at lower management levels and wants to fill the positions from within the company itself rather than recruit externally. The company plans to e-mail the job specifications to all employees and post the jobs on the company Web site.
-Which of the following, if true, will weaken the company's decision?

• A) Sirius Corp. just opened a new manufacturing facility in New Mexico.
• B) Several top performing entry level employees have received offers from rival companies.
• C) The company recently instituted a technical skills improvement program for shop floor employees.
• D) The majority of the company's employees have only a basic level of education.
• E) The existing shop floor employees have high potential and personal ambition to rise in their careers.

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Definitions:

Long-Term Note

A debt obligation that extends for a period beyond one year, often used for significant investments or purchases.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain capital assets. It's an important measure of financial health.

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve long-term operations.

Indirect Method

A way of reporting cash flows from operating activities in the cash flow statement by starting with net income and adjusting for non-cash transactions.