_____ are localoffices—affiliated with the U.S Small Business Administration—that provide comprehensive management assistance to current and prospective small business owners.
A. Small Business Development Centers
B. Small Business Incubation Offices
C. Small Business Advancement Stations
D. Small Business Creation Sites
Answer: A
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The Bears Corporation has provided you the following information: Increase in accounts receivable balance 50,000 Net sales 500,000 Gross profit as a percentage of net sales 40%Increase in the inventory account 45,000 Accounts payable balance decreased 17,000 Accounts receivable writeoffs 7,500 Bad debt expense 10,000 Required: Determine the cash collected from customers.Determine the cash paid to suppliers.
What will be an ideal response?
All along the supply chain, distribution channels add value to the product by
A. reducing the final cost that consumers must pay for the product. B. keeping the flow of financial resources moving downstream. C. listening to customer feedback and reacting accordingly. D. eliminating intermediaries for which a product must travel. E. making the product available to ship, taking customer orders and shipping the product to the next step in the supply chain.
The primary thrust of internal resource analysis is to match internal opportunities with external capabilities.
Answer the following statement true (T) or false (F)
Which of the following strategies is most likely to benefit when doing business with managers who use an internal control approach?
A. Focusing on self, function, one's own group, and one's own organization B. Understanding that conflict and resistance means that person has convictions C. Employing a dominating attitude bordering on aggressiveness toward environment D. Remembering that it is of most importance to win one's objective