To carry out their plans, firms require financing, that is, funds from owners and creditors. When the firm raises funds from owners, which of the following is true?
a. There is no obligation to repay these funds.
b. There is an obligation to repay these funds.
c. Firms must distribute cash dividends to that firm's shareholders at least annually.
d. Firm must distribute stock dividends to that firm's shareholders at least annually.
e. None of the above are true.
A
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The marketing manager of Appeal Inc has noticed a sharp decrease in sales over the last two months. The manager decides to conduct marketing research to identify potential causes for the drop in sales
Which of the following should the manager do first? A) develop a research plan B) determine a research approach C) define the problem and objectives D) select a research agency to collect data E) conduct exploratory and descriptive research
Andrew sells organic fertilizers. He tells his prospect, "You have one of the best nurseries I have ever seen. I think my products will enhance it even more." What type of close is Andrew using here?
A. Forestalling B. Minor-points C. Compliment D. Assumptive E. Double-yes
The knowledge, skills, and capabilities of individuals that have a tremendous impact on an organization's performance but do not show up directly on its balance sheet are known as __________ capital.
A. intellectual B. human C. core D. employee
All of the following statements accurately describe the debt ratio except.
A. It is of use to both internal and external users of accounting information. B. The ratio is computed by dividing total equity by total liabilities. C. A relatively low ratio signifies lower risk. D. Higher financial leverage means greater risk. E. The ratio is computed by dividing total liabilities by total assets.