Naomi and Yolanda Have Always Focused on Being Efficient Managers

question 43

Multiple Choice

Naomi and Yolanda have always focused on being efficient managers. What is the best advice you should give them, given the quick success they have had with Naturally Yours and the information provided in the scenario?

• A) Efficiency is the only key to their continued success.
• B) Now it is time for them to consider only effectiveness, since they clearly have efficiency under control and this is not likely to change in the future.
• C) To continue their success they should maintain a clear focus on both effectiveness and efficiency, especially while their company is experiencing such a high growth in sales.
• D) Now would be the perfect time to buy beautiful homes for their families since they have earned it.
• E) As the top-level managers, the best action plan for them is to carefully design the new items to ensure that these items are well accepted by the target consumers.

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Definitions:

Bond Interest Expense

Represents the cost incurred by an entity for borrowing funds through the issuance of bonds, calculated as the bond's face value multiplied by the interest rate.

Issued At

Refers to the price or condition under which securities, such as bonds or stocks, are made available for sale when they first come to market.

Journal Entry

The transaction (debits and credits) that is recorded into the journal once it is analyzed.

Accounts Payable

Liabilities representing amounts owed to creditors for goods and services received but not yet paid for.