The treasurer of a company is responsible for cash management. List five cash management principles that are essential for effective cash management.
What will be an ideal response?
Encourage collection of receivables by such means as offering discounts for early
payment, delay payment of liabilities as long as possible without losing discounts or damaging credit standing, keep only necessary levels of assets to have less money tied up, plan expenditures for when cash is available, invest excess cash in interest bearing accounts or short- term investments to earn income.
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A form of electronic transaction formats that facilitate delivery of added value is the _______ which is a hosted, though unmoderated, cyber forum where users exchange information about a particular product or service, technology, or industry
a. community b. catalog c. electronic auction d. exchange
Which of the following below generally is the most useful in analyzing companies of different sizes?
A) Comparative statements B) Common-size financial statements C) Price-level accounting D) Audit report
__________ is the publication of statements derogatory to the quality of the plaintiff's business, to the business in general or to the plaintiff's personal affairs in order to discourage others from dealing with him or her?
a. Disparagement b. Critical falsehood c. Defamation d. Malicious derogatorism
Highboy Enterprises is seeking to promote an employee to vice president of sales. In order to apply for the position, employees are asked to write a resume, provide a ten-minute sales demonstration, speak for ten minutes about why the company's services should be enlisted by clients, and answer five questions before a panel of six executives who will not give feedback during any part of the interview. If an employee passes the first part of the interview process, he or she is passed on to the second phase which requires trying to sell the company's services to individuals on a contact list provided by Highboy Enterprises. If the employee passes this portion of the process, he or she undergoes phone interviews by three of the company's executives in other cities. Each portion of the
interview process is scored and the employee with the highest score receives the promotion. Theresa submitted her resume, prepared the demonstration, and studied the most-asked interview questions, but was not sure she really wanted the position because it involved a lot of travel and she had a small child. Harold prepared all of the paperwork, the presentation, studied the most-asked interview questions, and practiced his presentation and answers until he had them memorized and could present them smoothly. He really liked to travel and looked forward to the higher pay and the ability to travel with someone else paying the costs. He feels confident he can get the promotion and excel at it. Which of the following theories explains why it is most likely that Harold rather than Theresa will be granted the promotion? A. Cultural diversity theory B. Equity theory C. Expectancy theory D. Theory Z