A source of short-term funds for many small companies with inventories is
A. trade credit.
B. long-term bank loans.
C. mortgages.
D. asset-based notes.
Answer: A
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In the audit approach for assessing fair value, which should the auditor determine for Level 2 assets?
a. The correspondence of the client's assets to similar assets in an active market. b. Contingent liabilities. c. Sensitivity of model used for marking to model. d. The performance of tests of controls.
Which one of the following statements on the concept of gaining focus is BEST?
A) Focused factories maximize the amount of customization. B) Small sizes of many focused factories make it difficult to compete on the basis of shorter lead times. C) Plants within plants are different operations within a facility that can have individualized competitive priorities and processes. D) Focused factories are large factories producing all the products that the company offers.
A special indorsement does not specify a particular indorsee.
Answer the following statement true (T) or false (F)
Why is it important to provide timely feedback? Why should a leader give both positive and negative feedback?
What will be an ideal response?