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Tju [1.3M]
3 years ago
6

Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have

decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the
A. individual approach.
B. utilitarian approach.
C. moral-rights approach.
D. justice approach.
E. value system approach.
Business
1 answer:
marin [14]3 years ago
8 0

Answer:

The correct answer is letter "B": utilitarian approach.

Explanation:

The utilitarian approach is a corporate practice by which managers make benefit/costs decision attempting to maximize the benefits by minimizing the costs. This approach is implemented to safeguard stakeholders' investments which represents one of the main sources of income for the company to keep their operations up.

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False

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Vika [28.1K]

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3 0
3 years ago
Read 2 more answers
Assume Merck (MRK) just announced that its next dividend will be $2, paid one year from now (you just missed the prior annual di
Ludmilka [50]

Answer:

$28.57

Explanation:

Current price = D1/(Required return-Growth rate)

D1 (Next dividend) = $2

Required return = 10% = 0.1

Growth rate = 3% = 0.03

Current price = $2/(0.1-0.03)

Current price = $2 / 0.07

Current price = $28.57143

Current price = $28.57

Hence, i will be willing to pay $28.57 for a share of Merck stock.

8 0
3 years ago
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