One of the Corporate Objectives of Supra Inc

question 72

Multiple Choice

One of the corporate objectives of Supra Inc.is "to enrich the quality of life in the community by providing education,training,and employment opportunities." According to Drucker,this organizational objective relates to ________.

• A)managerial performance and development
• B)innovation
• C)public responsibility
• D)worker performance and attitude
• E)market standing

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Definitions:

Capital Lease

A lease agreement in which the lessee records the leased asset as an asset in its balance sheet, and the lease payment obligations as liabilities.

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow on a collateralized basis over a similar term for an amount equal to the lease payments.

Implicit Interest Rate

The rate of interest implied in the lease payments or in other financial arrangements, not explicitly stated.

Residual Value

The estimated value of an asset at the end of its lease term or useful life.