Most ________ reports take on the general form of actual versus intended performance
A) performance
B) sales
C) production
D) data capture
A
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Indicate whether the statement is true or false
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Which of the following statements is CORRECT?
A. If a firm has high current and quick ratios, then it must be managing its liquidity position well. B. If a firm sold some inventory for cash and left the funds in its bank account, then its current ratio would probably not change much, but its quick ratio would decline. C. If a firm sold some inventory on credit, then its current ratio would probably not change much, but its quick ratio would decline. D. If a firm sold some inventory on credit as opposed to cash, then there is no reason to think that either its current or quick ratio would change. E. The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its current assets.
A brilliant designer of computer programs, Darren has often been compared to the late Apple Computers cofounder Steve Jobs not only because of his abilities in the digital realm, but also his charisma. Like Jobs, he is not a lone techie writing code in a windowless room; he serves in an executive role at DiaTech, the company he and his partners founded. But now he has a problem: there is a special project for which he needs the help of a few key subordinates. They will need to work extra hours, and because of the top-secret nature of his new design, they will need to keep the nature of their work to themselves. The best way for Darren to get these employees on board for the project is to tell each one of them that
A. after the project is over, he will take them to lunch and give them a one-hour career planning and question and answer session. B. working on this project may give them an opportunity to learn about the skills that helped create the company. C. as the founder and one of the leading executives in the company, he has the power to demand their compliance. D. he does, after all, have the power and the means to make life very difficult for them if they do not offer him their absolute loyalty. E. they will get extra pay above their ordinary salary, as well as a strong recommendation for advancement in the company.