The Executive Team at Midas Muffler and Brake Decides to Publish

question 21

Multiple Choice

The executive team at Midas Muffler and Brake decides to publish a statement of its available cash that subtracts from the cash, the planned investments in new shops and new technology. The statement can best be labeled a measure of

• A) pro-forma earnings
• B) free cash flow.
• C) EBITDA (earnings before interest, taxes, depreciation, and amortization.
• D) EVA (economic value added)

Grasp the function and limitations of organization charts in depicting work relationships.

Understand the use and implications of modern controls in organizational management by exception.

Know the distinctions between various types of bureaucracies and their organizational appropriateness.

Appreciate the concept of decentralization and its impact on organizational structure and decision-making.

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Definitions:

Managerial Innovations

New or improved managerial strategies, methods, or practices that aim to enhance organizational performance.

Creative Deviance

The act of producing novel and useful ideas or solutions that diverge from the norms or expectations of a group or organization.

Technical Understanding

The comprehension and proficiency in the use of technology and technical processes.

Creative People

Individuals who have the ability to produce original and unusual ideas, or to make something new or imaginative.