The analogy of rocks in a river is often used when discussing Lean principles. In the analogy, the rocks represent ________ while the water represents ________
Fill in the blank(s) with the appropriate word(s).
Answer: problems; inventory
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What is the goal of the first step in hiring ethical employees?
a. Make your business one that ethical people will want to work for. b. Design an interview process that can identify ethical applicants. c. Weed out unethical applicants from the ethical applicants. d. Attract ethical candidates and discourage unethical people from applying.
Assume revenues are received in cash and expenses, except for depreciation, are paid in cash. Based on this assumption, which of the following statements is true?
A) Net cash flows for a period are equal to net income minus depreciation expense. B) Net cash flows for a period are equal to net income. C) Net cash flows for a period are equal to net income plus depreciation expense. D) Net cash flows for a period are equal to net income plus income tax expense.
The ABCs of Marketing urge professionals to go beyond what is required by law. This is referred to as ______.
A. above the law B. aspirational C. beyond the bottom line D. breaking new ground
Interest rate risk results from the fact that
A) bond prices are negatively related to interest rates. B) bond prices are positively related to interest rates. C) corporations may default. D) tax rates on interest income can change.