Which basic step to personal financial planning should be considered when establishing your personal financial goals?

A) Step 1
B) Step 2
C) Step 3
D) Step 4


Answer: B

Business

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A retailer could misread a demand signal doubling its normal order, and the wholesaler could respond and also double its order resulting in four times the retail order. This is an example of the bullwhip effect

Indicate whether the statement is true or false

Business

Debt guarantees are:

A. Considered to be an unearned revenue. B. Recorded as liabilities even though it is highly unlikely that the original debtor will default. C. Considered to be contingent liabilities. D. A bad business practice. E. Never disclosed in the financial statements.

Business

The main objective of physical distribution should be to

A. decrease costs while increasing market coverage. B. increase service and market coverage. C. decrease costs while increasing service. D. increase market coverage and channel power. E. balance costs and market coverage.

Business

Working capital management involves managing a firm's liquidity

Indicate whether the statement is true or false

Business