________ is setting a few price levels for a product line and then marking all items at these prices.
A. Price lining
B. Bait pricing
C. Odd-even pricing
D. Price following
E. Price leading
Answer: A
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The Metro Construction Company had the following financial data as of December 31, 2018:
Cash and cash equivalents $120,000
Total current liabilities 80,000
a. What is the cash ratio as of December 31, 2018? Show the formula and your computations.
b. Comment on the cash ratio for Metro Construction Company.
Which of the following statements is CORRECT?
A. The statement of cash flows reflects cash flows from operations, but it does not reflect the effects of buying or selling fixed assets. B. The statement of cash flows shows where the firm's cash is located; indeed, it provides a listing of all banks and brokerage houses where cash is on deposit. C. The statement of cash flows reflects cash flows from continuing operations, but it does not reflect the effects of changes in working capital. D. The statement of cash flows reflects cash flows from operations and from borrowings, but it does not reflect cash obtained by selling new common stock. E. The statement of cash flows shows how much the firm's cash--the total of currency, bank deposits, and short-term liquid securities (or cash equivalents)--increased or decreased during a given year.
________ has driven the growth of advertising since its earliest beginnings and has made it one of the hallmarks of the free enterprise system.
A. Economics B. Socialism C. Culture D. Literacy E. Ethics
Which one of the following is not a difference between affirmative action and diversity management?
A. Affirmative action is an intervention aimed at giving management a chance to correct an imbalance. B. Affirmative action only refers to mandatory programs. C. Affirmative action does not legitimize quotas. D. Affirmative action does not require companies to hire unqualified people. E. Affirmative action has created tremendous opportunities for women and minorities.