What is meant by working capital?
What will be an ideal response?
Working capital is considered a primary measure of a company's financial flexibility. It is defined as current assets less current liabilities. Working capital measures include the current ratio (current assets divided by current liabilities) and the acid test (cash, marketable securities, and receivables divided by current liabilities). The stronger the company's liquidity measures, the better it can weather a downturn in business and reduction in cash flow.
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Which of the following statements is true with regard to a percent-of-sales marketing and sales budget?
A) It works by implementing a harvest strategy that requires more than the normal percentage of sales to achieve share and sales objectives. B) An aggressive growth strategy in this budget slowly reduces marketing and sales expenses as a percentage of sales while market share is harvested over time. C) The cost of customer acquisition and retention is the primary determinant of the budget and resource allocation under this approach to budgeting. D) It focuses on previous experience, but it could vary from past experience depending on the nature of the strategic market plan. E) It specifies each marketing task and the amount needed to accomplish it, given a particular strategic market plan and the task-related marketing mix strategies.
Cognitively complex people exhibit more sophisticated ways of using interpersonal constructs when thinking about people and social situations. What four important characteristics demonstrate cognitive complexity? Give an example of each.
What will be an ideal response?
Data should be arranged in a table to emphasize the most ________
A) expensive aspect of the data B) current aspect of the data C) significant aspect of the data D) reliable aspect of the data E) expensive part of the project
Kyle, Pedro, and Madeline form a partnership. There is no agreement as to the duration of the partnership. The partnership is a partnership at will.
Answer the following statement true (T) or false (F)