Describe a situation in which a student is behaving effectively, but not efficiently.
What will be an ideal response?
Answers to this question will vary but should describe a situation in which the student is doing the right thing but not doing it correctly. An example might be doing the correct homework assignment, but not following the directions for the assignment.
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Updating business strategies is a continuous undertaking as internal and external environments ________.
A. Become more consistent B. Remain stagnant C. Rapidly change D. Become less competitive
Which of the following is the first step in the purchasing and payment process?
A) The purchaser receives an invoice for the goods shipped by the supplier. B) The purchaser sends a check to the supplier. C) The purchaser sends a purchase order to the supplier. D) The purchase receives the inventory and prepares a receiving report.
Denny allows Elbert to store his trailer on Denny's property for $20 a month while Elbert works temporarily at a distant job site. Later, Denny no¬tices rainwater collecting in the trailer and covers it with a tarp at a cost of $50. This cost is most likely borne by
a. Denny and Elbert in equal measure. b. Denny. c. Elbert. d. Cody's employer.
Which of the following would have no effect, either direct or indirect, on an organization's cash budget?
A. Outlays for professional labor. B. Raw material purchases. C. Advertising expenditures. D. Sales revenues. E. None of the other answers are correct, since all of these items would have some influence.