1) What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
There wasn't too much in the reading that stood out to me as it was a basic review of financial accounting. I did enjoy reading, "Despite what traditional thinking suggests, customers are not always right and they are not always profitable." This was in regards to when you should take time every year to identify customers that cost more to deal with than they are worth.
2) Identify at least one part of the reading that was confusing to you.
As with most of the chapters, the most confusing thing is trying to understand the tables, When they have definitions in the figures, they are very easy to understand, but the list of numbers don't explain much and it doesn't show how the calculations were done.
3) If you were able to ask two questions to the author, what would you ask? Why?
I would ask the author to examples of what companies use the three different types of capital budgeting and why. I would also ask the author why they chose to include the excerpt from the article relating to the weakening dollar and the Chinese favoring the Euro from 2007, as only the first paragraph said something about going international to diversify risk, but then it goes on to say, but since it's out of your control, there's really nothing you can do.
4) Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?
Most of this chapter was a regurgitation of financial accounting definitions and examples, nothing new was added, so not much could be disagreed with.
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