What is the general relation of the two types of prices quoted for a stock on a exchange?
What will be an ideal response?
Answer: The two prices are bid price and ask price. The ask price is higher than the bid price to deter a buyer from buying a stock and selling it back immediately, assuming everything else remains unchanged.
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Which of the following is not an accurate description of the direct method?
A. It requires a reconciliation of net income to net cash provided by operating activities. B. The guidance provides a list of the minimum specific categories of cash inflows and outflows to include. C. It requires the presentation of major classes of gross receipts and disbursements. D. It is easier to implement because it relies exclusively on data already available in the accrual accounts.
Which of these is not a characteristic that distinguishes retailing from other types of business?
a. Store location is more important for retailers than for wholesalers. b. The average size of a sales transaction for retailers is less than for manufacturers. c. Retail sales are more cyclical than organizational sales. d. While final consumers make many impulse purchases, organizational consumers are more systematic in their purchasing activity.
Which one is NOT an application of lean principle in services?
A) JIT in food supply management B) improving kitchen layout at McDonald's to drive seconds out of the production process C) inventory sharing among members of the pharmaceutical network D) scheduling personnel availability at 15 minute increments to meet demand fluctuations E) securing more inventory to prepare for disruption in production
Answer the following statement(s) true (T) or false (F)
A harvest plan defines how and when owners and investors will realize an actual cash return on their investment.