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Strategic planning
2. Strategic planning is the process of deciding on an organization’
A. minor programs and the approximate resources to be devoted to them
B. major programs and the approximate resources to be devoted to them
C. minor programs prior to consideration of resources that might be needed
D. major programs prior to consideration of resources that might be needed
9. Problems associated with justifying investments in high-tech projects often include discount
rates that are too
A. low and time horizons that are too long
B. high and time horizons that are too long
C. high and time horizons that are too short
D. low and time horizons that are too short
Investments
Sale of old asset
13. When disposing of an old asset and replacing it with a new one, tax effect on
A. gain on sale of the old asset reduces the basis of the new asset
B. gain on sale of the old asset increases the basis of the new asset
C. loss on sale of the old asset reduces the basis of the new asset
D. b and c
Working capital
14. A major difference between an investment in working capital and one in depreciable assets is
that
A. an investment in working capital is never returned, while most depreciable assets have some
residual value.
B. an investment in working capital is returned in full at the end of a project’s life, while an
investment in depreciable assets has no residual value.
C. an investment in working capital is not tax-deductible when made, nor taxable when returned,
while an investment in depreciable assets does allow tax deductions.
D. because an investment in working capital is usually returned in full at the end of the project’s
life, it is ignored in computing the amount of the investment required for the project.