You are single and live in a furnished apartment. Which of the following are you most likely to need?
A) Stockbroker
B) Life insurance
C) A will
D) A budget
Answer: D
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Which one of the following statements regarding internal control is true?
a. Companies can design a system of internal control that is foolproof. b. A well-designed internal control system is a luxury that few companies can afford. c. It is easier to implement an effective internal control system in a small company because of the limited number of employees. d. Large companies are able to devote a substantial amount of resources to internal control systems because these companies have the assets to justify the cost.
Which of the following statements best compares long-term borrowing capacity ratios?
a. The debt/equity ratio is more conservative than the debt ratio. b. The debt ratio is more conservative than the debt/equity ratio. c. The debt/equity ratio is more conservative than the debt to tangible net worth ratio. d. The debt to tangible net worth ratio is more conservative than the debt/equity ratio. e. The debt ratio is more conservative than the debt to tangible net worth ratio.
Which of the following questions is LEAST relevant to the level of pressure a manager places on a salesperson?
A. How big is the territory? B. What are the sales group goals? C. What goals are realistic? D. What is the industry standard? E. What motivates the salesperson?
Choose one of the cultural scenarios in the chapter. How would you have avoided the same cultural problems that the company faced?
What will be an ideal response?