Which of the following best describes an advantage player?
a. A player that knows the odds of the game and can not lose money gambling
b. A player that is skilled at a particular game and is able to eliminate the house's edge
c. A player that is skilled at a particular game and is able to cheat using sophisticated methods
d. A player that has sophisticated skill levels that reduce, and sometimes eliminate the casino house advantage
e. A player that has studied a particular game for many years
Asset turnover is determined by dividing _________ by ____________.
a. Total Revenue; total assets at the end of the year
b. Net Income; total assets at the end of the year
c. Net Income; Average Total Assets
d. Total Revenue; Average Total Assets
According to the information below, try to answer the questions: The cost of debt is 2. The cost of equity is 10.
What will be an ideal response?
Freddy's Place had a monthly beverage turnover of 1.25 times. This means that beverages were restored on an average of approximately _________ throughout the year.
a. 20 days
b. 24 days
c. 25 days
d. a number of days that cannot be determined
strategic formulation is done
a. only once every planning cycle
b. as a process
c. dependent upon the environmental forces driving change
d. a and b above
e. b and c above
Which of the following statements is true?
a. Managers can help to avoid unnecessary risk by making the right investments based upon their effective environmental scanning.
b. One of the manager's key responsibilities is to manage the balance of debt and equity.
c. For the manager, every competitive method must be valued by the cash flows it produces.
d. All of above.
What are the reasons that customers go to the cashier cage?
What will be an ideal response?
Which of the following ratios compares a business's liabilities with its net worth?
a. fixed charge coverage ratio
b. debt-equity ratio
c. long-term debt to total capitalization ratio
d. acid-test ratio
Seeking to obtain a constant cash flow stream from a customer over the longest period possible requires what kind of strategic thinking?
a. marketing and finance oriented.
b. operations and defender oriented.
c. Diversified.
d. agile and future oriented.
Why was it difficult for casinos to have access to capital?
What will be an ideal response?
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