Sand Company has an acid-test ratio of 0.8. Which of the following actions would improve the acid-test ratio?
A. Collect some accounts receivable.
B. Use cash to pay off some accounts payable.
C. Acquire some inventory on account.
D. Sell some equipment for cash.
Answer: D
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Business is booming! Out of excitement, you sent out a memo that told everyone that you would be giving everyone vacations once this quarter’s sales figures were posted on August 1st. Subsequently, everyone in your department planned a vacation for August 1st through the 7th. What was wrong with your message?
a. The who: You did not send the message to the correct people. b. The how: You did not encode your message correctly in terms of when the vacations would be. c. The when: You did not send the message at the right time. d. The where: You did not send the message in the correct setting.
Give an example of a government policy that has stimulated the transformation of a service industry
What will be an ideal response?
A major competitive advantage of independent retailers is _____
a. a good fit with other owned units b. flexibility in devising retail strategy c. quantity discounts in purchasing d. specialization of retail functions
Which type of work place is likely to value conformity to preestablished organizational values and norms that reflect the majority or mainstream?
a. inclusive workplace b. exclusionary workplace c. rules-based workplace d. information-based workplace