Vanessa is about to begin the second phase of the 3-x-3 writing process as she works on a letter to her clients. What will she do first in this phase?
A) Analyze the purpose of her letter.
B) Collect any necessary information.
C) Proofread her first draft.
D) Compose the first draft of the letter.
B
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If marketable securities increase, then cash should usually decrease by a similar amount, since cash was probably used to purchase the securities. An exception to this is:
a. when the company paid through a check. b. when the marketable securities are purchased through a broker. c. when the company incurred debt or traded an asset for the securities. d. when the transaction was not recorded in the books of accounts.
A company with a PEG ratio of less than one would be interpreted as having a stock price
a. are underpriced given earnings and expected earnings growth b. that is low relative to the company's growth prospects c. that is high relative to the company's growth prospects d. That is overvalued
Primary research ________
A) involves collecting your own original data B) includes industry journals and experts outside your company C) is the information that other people have collected D) includes existing company reports and databases E) is always more efficient than secondary research
Sunk costs are irrelevant for decision making
Indicate whether the statement is true or false