On January 1, 2011, a Company Has Assets of $16

question 92

Multiple Choice

On January 1, 2011, a company has assets of $16 billion and stockholders' equity of $8 billion. On January 1, 2009, the same company has assets of $20 billion and stockholders' equity of $9 billion. During 2011, the company had total sales revenue of $9 billion and total expenses of $7 billion. The company's asset turnover ratio for 2011 is:

• A) 2.5
• B) 0.5
• C) 0.45
• D) 0.1

Identify and explain the benefits and disadvantages of decentralization.

Understand the concept of a franchise and its typical fee structures.

Comprehend the principles of responsibility accounting and its reports at different management levels.

Understand the negotiated price approach and its application in transfer pricing among decentralized units.

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Definitions:

Refreezing

The final stage in Lewin's change model where new behaviors or norms are solidified into an organization or individual's routines.

Personal Change

The process of undergoing transformation in one's personal characteristics, behaviors, or outlook, often aimed at improvement or growth.

Isolation

The state of being separated from others, which can be physical, social, or emotional.

James Brian Quinn

An influential thinker in management theory, particularly known for his work on strategic outsourcing and the evolution of enterprise.