Which of the following is an example of a current asset?
A. Inventory
B. Retained earnings
C. Accounts payable
D. Plant and equipment
E. Common stock
Answer: A
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________ entails the activities involved with managing the exterior and interior physical facilities associated with the store.
A. Store turnover B. Inventory turnover C. Portfolio management D. Inventory maintenance E. Store maintenance
Seventy percent of a house painter's business is exterior work and the other thirty percent is interior
The average exterior paint job takes 20 hours of labor and $400 of paint and primer, but the average interior job takes only 6 hours of labor and $75 of paint and primer. If he gets 20 service calls for the coming month, which of the following resource requirements is correct? A) The painter has supply costs of $4750 for next month. B) The painter has a labor demand of 260 hours for next month. C) The painter has supply costs of $6050 for next month. D) The painter has a labor demand of 204 hours for next month.
When an industry is mature, a(n) ________ strategy is considered one of the most effective approaches for a new entrant.
A. overall low-cost B. small business C. differentiation D. focus
The four main objectives of a business are profit, _________________________, growth, and _________________________.
Fill in the blank(s) with the appropriate word(s).