The following statements are true regarding the operating cycle of a merchandising company except:
A. The operating cycle ends with the collection of cash from the sale of merchandise.
B. The operating cycle sometimes involves accounts receivable.
C. The operating cycle can vary in length among different merchandising companies.
D. The operating cycle begins with the purchase of merchandise.
E. The operating cycle is shortened by credit sales.
Answer: E
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The communications gap is the difference between what the company communicates and what it actually delivers to its customers
Indicate whether the statement is true or false
It is concerned with the growth and development of people towards higher levels of competency creativity and fulfillment because people are the central resource in any organization and any society
Hard quotas:
A. systematically favor women and minorities in hiring and promotion decisions. B. are a concerted effort by an organization to actively expand its pool of applicants so that no one is excluded because of past or present discrimination. C. represent a mandate to hire or promote specific numbers or proportions of women or minority group members. D. are a commitment to treat all races and both sexes equally in all decisions about hiring, promotion, and pay.
Section 16(b) of the 1934 Act governs __________ by officers, directors, and greater-than-10% shareholders of equity securities of a public company
a. fraud b. deceptive practices c. short-swing profits d. unorthodox transactions