Planning is an essential activity in any organization. Discuss the four primary benefits of planning.
What will be an ideal response?
| 1. | Planning is necessary to give an organization a sense of direction and purpose. |
| 2. | Planning provides an opportunity for managers to become involved in the important |
| 3. | Planning helps coordinate managers in different functions and divisions to ensure they |
| 4. | Planning can help with the controlling function of the organization by providing |
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Financing activities include transactions with owners and creditors
a. True b. False Indicate whether the statement is true or false
The carrying value of held-to-maturity debt securities is the
A) original purchase amount. B) amortized cost. C) market value. D) lower of amortized cost or market value.
John sells safety equipment to law enforcement agencies. Before calling on the Humphrey Sheriff's Department, John decided that he wanted to get an order for eight new bulletproof vests from the sheriff before he left the office. In terms of the acronym SMART, John's objective:
A. is relevant. B. puts customer service first. C. maximizes the customer's order. D. is very specific. E. is related to the present and future needs of the customer.
Which of the following statements is true about factoring without recourse?
A) The seller of the receivables is liable upon default of the debtor. B) The factor's risk is lower than if the factoring were with recourse. C) An example is the use of major credit cards. D) The fee will be lower than if the factoring were with recourse.