Answer the following statements true (T) or false (F)
1. The current ratio may indicate that the company is using its assets effectively.
2. The inventory turnover ratio measures the average number of days that inventory is held by a
company.
3. Days' sales in receivables measures the return on average receivables.
4. Days' sales in inventory measures how quickly a company can collect its receivables.
5. The gross profit percentage is an indicator of how well a company is positioned to pay off its short-
term liabilities.
1. FALSE
2. FALSE
3. FALSE
4 .FALSE
5. FALSE
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This question has two parts; be sure to answer both. First, explain the three ways Hugo Munsterberg believed psychologists could contribute to industry. Next, imagine that you manage a hair salon and apply each of Munsterberg's principles to your daily tasks as a manager.
What will be an ideal response?
Cupcake Gourmet, a high-end bakery in Manhattan, segments its customers according to those who frequent their store regularly, those who visit infrequently, and those who have never visited. This is an example of usage-rate segmentation
Indicate whether the statement is true or false
Flexo Trucking Company transports hazardous waste. Garn is a Flexo driver, whom the company knows drives longer hours than federal regulations permit. One night, Garn exceeds the limit and has an accident. Spilled chemicals contaminate Hill City's water source, forcing the residents to move away. Flexo acted unethically because
A. Flexo showed reckless disregard for Hill City's residents and others. B. Garn exceeded the federal time limit. C. harm was caused by an unfortunate accident. D. Hill City should have better protected its water source.
) A commitment by an insurance company to cover credit repayments under adverse conditions such as accident or illness is called
A) accident insurance. B) credit insurance. C) health insurance. D) unemployment insurance.