Practice Ache Bog Test Study Guide Graded A+

A positive net present value indicates that the investment has a rate or return: a. Higher than the discount rate used in the calculation b. Lower than the discount rate used in the calculation c. Equal to the discount rate used in the calculation d. Equal to the accounting profit averaged over the life of the investment {Ans: A.}The chief executive officer: a. Is a member of the board b. Represents the board internally and externally c. Is not a member of the board d. Has a contract with the board {Ans: B.}Operational planning can be correctly defined as: a. A function of establishing the annual budget by accumulating departmental information b. The process by which short-range objectives and actions are established and implemented in accordance with the strategic plan c. An annual process of developing, evaluating, and implementing goals based on community needs d. Determining the major types of services offered based on profit margins {Ans: B.}To clarify matters of dispute between members of the professional staff, the CEOs primary role is to: a. Keep conflict to a minimum. b. Become an arbitrator between conflicting parties. c. Evaluate the problem and propose alternate solutions. d. Stimulate