Answer the following statements true (T) or false (F)
1. The cash conversion cycle represents the number of days the cash is "tied up" in the operating activities of the business.
2. The formula for the cash conversion cycle is days sales-in-inventory + free cash flow - receivables collection period
3. The economic environment of a business describes how a business is affected by competitors.
4. The competitive environment of a business describes how a business competes for critical resources.
5. Financial analysis is used to predict the future of a business.
1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
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An Ontario company and a New Jersey company enter into a contract with each other
The contract has a venue clause naming Ontario, and a governing law clause naming Rhode Island, and a mediation clause which states that in the event of a dispute the parties must attempt mediation before suing. Which of the following statements is TRUE? A) Any lawsuit over the contract will be heard in Ontario. B) Any lawsuit over the contract will be governed by the laws of Rhode Island. C) Any lawsuit over the contract will be governed by the laws of Ontario D) Both A and B E) None of the above
The most important operational decision related to transportation in a supply chain is
A) minimizing cost of transportation. B) maximizing profitability of the supply chain. C) reducing the level of cycle inventory. D) the routing and scheduling of deliveries.
A corporate treasurer is typically responsible for cash management, credit management, and
raising capital. Indicate whether the statement is true or false
Which of the following is required for a successful implied contract wrongful discharge claim?
a. a written contract signed by both the employer and the employee b. a specific oral promise limiting employment at will c. a clear and prominent written disclaimer d. all of the above e. none of the above