Which of the Following Is the First and Most Serious

question 10

Multiple Choice

Which of the following is the first and most serious mistake committed by Ron Johnson, the chief executive officer of J.C. Penney Company, Inc.?

• A) Creating a silo work environment in the company
• B) Ignoring the company's traditional core customers
• C) Downsizing the company
• D) Decentralizing the company's organizational structure

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Definitions:

Investment Account

An account held at a financial institution that contains investments like stocks, bonds, mutual funds, and ETFs, potentially helping the owner achieve long-term financial goals.

Dividends

Payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders.

Subsidiary

A company controlled by another company (the parent company) through ownership of more than 50% of its voting stock.

Goodwill

An intangible asset that arises when a buyer acquires an existing business and pays more than the fair value of the identifiable net assets.