Zhao Owns a Calligraphy Service

question 161

Multiple Choice

Zhao owns a calligraphy service. She is thinking about how she wants to move forward in her business-whether to keep it small or expand into other areas. By thinking about her firm's objectives and developing a method for achieving those objectives, Zhao is engaged in

• A)functional planning.
• B)business development.
• C)marketing development.
• D)strategic planning.
• E)business planning.

Recognize the role of debt and financing strategies in acquisitions.

Grasp the tax considerations and implications in mergers and acquisitions.

Understand the key theorists and theories in social cognitive theory.

Differentiate between internal and external locus of control and its implications.

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Definitions:

Production Constraint

A limitation or bottleneck that affects the quantity of products that can be produced within a given timeframe.

Overtime

The time worked beyond the standard hours set by a company's policy, often compensated at a higher pay rate.

Cost-plus Pricing

Pricing strategy where a fixed percentage is added to the total cost of making a product to determine its selling price.

Required Rate of Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.