The strategic plan includes all of the following except: a. Formulation of internal organization performance measures. b. Development of sensitivity to critical external environmental changes. c. Specific marketing plans for the next six months to kick off the plan. d. Organization, funding, and other methods to implement the plan. 2. True (T) or False (F). The Tax Cuts and Jobs Act of 2017 promotes capital expenditures with (1) immediate expensing (no depreciation) of asset purchases and (2) a reduction in the federal corporate tax rate from 35% to 21%.

3. The Rule of 72 is:

a. an approximation technique to determine how long it will take a sum to double at a given rate of return. b. an approximation technique to determine the interest rate earned when a sum doubles over a specific time period. c. neither a. nor b. d. both a. and b.

4. A project that costs $839 and has cash inflows of $231 per year for five years

has a payback period of: a. 2.63 years b. 3.63 years c. 4.63 years d. Never