Credit policy requires establishing
A. the optimal level of inventory.
B. the terms of enforcement.
C. the minimum level of inventory.
D. the average collection period.
Answer: B
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Indicate whether the statement is true or false
On January 1, 2020, Mazzeo Company, a calendar-year company, issued $1,600,000 of notes payable, of which $400,000 is due on January 1 for each of the next four years. Ignoring interest, the proper balance sheet presentation on December 31, 2020, is
a. Current Liabilities, $1,600,000. b. Long-term Debt, $1,600,000. c. Current Liabilities, $800,000; Long-term Debt, $800,000. d. Current Liabilities, $400,000; Long-term Debt, $1,200,000.
Jara has an obliging conflict-handling style. All of the following are true of her style except ______.
A. She has a low concern for herself but a high concern for others. B. She should consider requesting a reciprocated exchange in the future after she gives in. C. If it becomes a pattern, she may become resentful over time. D. Problems generally take a long time to solve.
Wenger (1998) argues there are three ways of managing boundaries in communities of practice: people, artifact, and interaction. Different people bound together because they identity themselves with a product – such as a surfer’s identify with a surfboard. This is an example of using ________ as a way of managing boundaries.
a. Artifacts b. People c. Interaction d. Interest