Sometimes a business plan is referred to as a(n)
a. loan proposal.
b. encyclopedia.
c. novelization.
d. receivables exchange.
ANSWER: a
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Which of the following statements by a sales manager best reflects an understanding of the iceberg principle?
A. "Let's not dwell on sales data summaries-let's get below the surface and study the details." B. "Cost problems always show up first-but controlling expenses doesn't mean that you won't run into revenue problems." C. "Detailed cost analysis gets you focused on small parts of the problem, whereas general summaries make it easier to see the really big problems." D. "Don't tell me that you're certain we're going to increase sales. They were certain that an iceberg couldn't sink the Titanic!" E. "Most costs that look like they're fixed are actually changing all the time."
Depreciation charges provide cash to the firm. because the indirect method adds depreciation expense to net income to calculate cash provided by operations
Indicate whether the statement is true or false
Choose the correct word or words in parentheses. The soup tastes (good, well)
Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with interest compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously
Which account provides the highest effective annual return? A) Account A B) Account B C) Both provide the same effective annual return D) We don't have sufficient information to make a choice