A salesperson tells his customers that he will give them some freebies if they purchase laptops from his store. However, he has neither asked the store manager if he can do so nor checked if the shop has an adequate stock of freebies. As such, he is not able to deliver the freebies to his customers. Which decision-making trap does this scenario exemplify?
A. Promising too much
B. Overlooking precedent
C. Responding inappropriately to failure
D. Assuming only one choice is right
Answer: A
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Working Capital is determined by
a. None of the answers listed b. dividing Current Assets by Current Liabilities. c. subtracting Current Liabilities from Current Assets. d. adding Current Liabilities to Current Assets.
A merger between Grain Mills Corporation and Farm2Fork Distribution Inc. can be expressed as Grain Mills + Farm2Fork =
A. Farm2Fork. B. Harvest Dining Corporation. C. Harvest Dining Corporation + EZ Brewing Company. D. EZ Brewing Company.
The financial manager typically cannot control the level of credit sales, and hence the company's
investment in accounts receivable, as the level of credit sales is determined in large part by the nature of the business enterprise. Indicate whether the statement is true or false
Companies are required to release material information to the public, rather than to reveal such information selectively under:
a. the 10-Q Report Regulation b. Rule 8-K c. Insider Trading Rule (ITR) d. OTC Rule e. none of the other choices