Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.
<h3>What is Business Strategy?</h3>
This refers to the set plans and actions that a business takes in order to get ahead of its competition and maximize profit.
With this in mind, the strategy room is called a war room because business is effectively war, especially in a capitalist system and the portfolio manager meets with his team of analysts in order to discuss business strategies.
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Answer:
Management is the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Explanation:
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Answer:
Choice 1 is more profitable.
Explanation:
Giving the following information:
Choice 1:
You receive $100 starting today once a year every year for the rest of eternity.
Choice 2:
You receive $200 today and then $50 once a year starting next year for all of eternity.
<u>I will assume an interest rate of 8%</u>
The first option and second option are a perpetual annuity. To calculate the present value, we need to use the following formula:
Choice 1:
PV= Cf/i
Cf= 100
i=0.08
PV= 100/0.08= $1,250
Choice 2:
PV= 50 + 50/0.08= $825
Choice 1 is more profitable.
Answer: Accounting profits ignore implicit costs; economic profits consider them.
Explanation: In simple words, implicit cost refers to the cost of choosing the best alternative and loosing the profit that one could have earned by choosing the second best alternative.
Accounting profit is the revenue that one has left with after compensating for explicit cost but economic cost also takes into consideration the implicit one.
Answer:
a. Culture can be imposed from home country to host country.
Explanation:
Organization Culture are set of values, systems, belief, attitude and behaviour which shows how employees and business owners communicate with outsiders. Organization culture provides direction and influences decisions of management in an organization.
It imperative for global company to have it's own unique culture as they would easily be identified with that behaviour. They must also live by and adjust to the culture of the host community.
An ideal global company must have clear vision, best practises, set of values and people oriented culture inorder to be differentiated and have a lasting organization.
Characteristics of cultures global companies should have;
-It is the duty of global firm to to know the level and importance of various aspects of culture in the foreign market it serves.
-Country operations and management needs to adjust to the cultural environment existing in the countries the global firm serves
-Culture is learned and not inherited.
-It is nearly impossible to change an entire country's culture.
