Which of the following is NOT an activity of working capital management?
A) Establishing the firm's receivable policies
B) Establishing the firm's payment policies
C) Choosing the appropriate level of inventory
D) All of the above are working capital management activities.
Answer: D
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Nina's office was made up of a mostly all male staff. All worked well together and no one really even noticed the skewed ratio until one day when one of the men downloaded a lewd screensaver for all to see when they arrived in the office. Nina was infuriated. This situation can be considered
A. an unethical hiring practice. B. a violation of employee privacy. C. political individualism. D. an instance of sexual harassment. E. an unethical instance of distributive justice.
Which of the following best defines insurance?
A. It is a contract whereby a party transfers his right to receive interest to a third-party such as an agent B. It is a contract whereby a party transfers a risk of physical injury to the risk bearer for a fee C. It is a contract whereby a party transfers his right to a claim for a particular fee D. It is a contract whereby a party transfers a risk of financial loss to a risk bearer for a fee
A high inventory turnover ratio indicates that ______.
A. the firm is converting its inventory to profits faster B. the potential for product obsolescence is high C. inventory is not being replenished D. the potential for product theft and damage is high
A company has net income of $130,500. Its net sales were $1,740,000 and its average total assets were $2,750,000. Its profit margin equals 7.5%.
Answer the following statement true (T) or false (F)