Flo's Flowers' current ratio is 1.3. The industry average for the current ratio is 1.2. This indicates that Flo's can cover its short-term liabilities with its short-term assets.
Answer the following statement true (T) or false (F)
True
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Lower of cost or market:
A. Is only applicable to companies using FIFO. B. Is only applicable to companies using LIFO. C. Is applied to each individual item, major categories of items, or the whole inventory. D. Reports all inventory items at full cost. E. Records only an increase in inventory value.
Which attention-getting device do the authors of your textbook suggest is a bit overused?
a. asking a direct question b. reciting a quotation c. making a personal reference d. using humor
Identify a true statement about downward communication.?
A) ?It helps employees learn about the quality of their job performance. B) ?It flows from the front lines of an organization to the top. C) ?It is primarily feedback to requests and actions of supervisors. D) ?It keeps management informed about the feelings of lower-level employees.
Which of the following was not a problem associated with the use of injunctions?
A. Because of the broad interpretation of property rights, almost any union action could be considered to interfere with business and therefore be subject to the injunction. B. Judges did not grant injunctions against businesses even when it was clear that one company was threatening another. C. The use of the injunction could only be applied to damage of physical property such as the factory, equipment, land, etc. D. Judges harsh treatment of unions seemed to demonstrate that they were biased against unions and applied harsher standards with regard to their behavior.