Renee has worked very hard for the past six months to start up a new business. Although she was very confident
that it would be a great success, she now realizes that it is failing. If Renee is a true entrepreneur, this failure is
likely to be a devastating blow to her ego and self-confidence

a. True
b. False
Indicate whether the statement is true or false


False

Business

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Concerning the management of foreign exchange risk, some business firms do not hedge at all either because they cannot determine how much money will be coming in from abroad or because they have a deliberate strategy of allowing currencies to balance each other out around the world.

a. True b. False

Business

The purchase of equipment is an example of a financing activity

Indicate whether the statement is true or false

Business

A system of internal control cannot be considered good until the possibility of human error has been completely eliminated

Indicate whether the statement is true or false

Business

Scenario 13.2 Use the following to answer the questions. Star Supplies, Inc. manufactures commercial-grade floor cleaners, such as vacuums and floor polishers. The firm has recently begun manufacturing other janitorial-related product lines, such as paper products and chemical cleaners. Star Supplies distributes its products in two ways. It sells its vacuum, floor polisher, and janitorial supply products to an independent business that takes title to the products and then sells them to various small businesses throughout the region. Also, Star has a list of large businesses that it distributes to directly, on an as-needed basis. These businesses keep very little inventory and purchase janitorial supplies in small quantities. Recently, Star has decided to add two new service product

lines-paper shredding and a uniform rental service. Clint Rodriguez, the marketing manager, is conducting a meeting to discuss the ways in which Star can strategically manage these new businesses. Star has the choice of marketing the paper shredding service to their large business clients, by picking up the paper as they drop off the other janitorial supplies, or they can buy a small paper shredding business and market to both large and small business customers. With regard to the uniform rental service, Star can either pick up and deliver the uniforms to the small businesses themselves, or contract that out to a third party. Refer to Scenario 13.2. Star Supplies, Inc. is most likely using which of the following to market its vacuum, floor polisher, and janitorial supplies to its small business customers? A. Wholesalers B. Retailers C. Merchants D. Industrial distributors E. Manufacturers' agents

Business