What is your overall evaluation of Mondelz Internationals corporate strategy and restructuring since 2012? What evidence and/or reasons support a conclusion that Mondelz Internationals shareholders have benefitted from the spinoff of the companys North American grocery business?

Select yes for those statements that are accurate and choose no for those that are not.

a. The general direction of the companys profitability ratios signals a strong corporate level strategy.

b. The focus on snack brands has done little to bring about sustained growth in shareholder value.

c. Mondelz International management has been effective in boosting gross margins through price increases.

d. Mondelz Internationals post-spinoff operating margin declined from 11.2% in 2014 to 9.6% in 2015 when extraordinary items are excluded.

e. The companys return on assets and return on equity ratios have also increased dramatically between 2014 and 2015.

f. The general direction of the companys profitability ratios signals a weak or flawed corporate level strategy.

g. North American and European operations comprise a sizeable portion of the companys operating income, even though sales in other international markets are increasing.

h. The companys operations outside North America and Europe are doing well and contributing to shareholder value.

i. Price increases bore by consumers in North America and Europe are critical to any stability in profitability for Mondelz International.

j. Chocolate sales in Europe and snack or biscuit sales in North America are the major contributors to the companys total revenues decline.

k. Sales of snacks in Asia Pacific and Latin America are a growing percentage of the companys total sales between 2013 and 2015.

l. The companys only sales growth by product category and geographic region between 2013 and 2015 has been snack sales in North America and Latin America.