The collection period measures the _____
a. age of credit sales
b. age of accounts receivable
c. age of accounts payable
d. number of accounts due
b
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Fill in the blank: ____________ represent the belief in the market mechanism, neo-liberalism, and self-interest in the employer/employee contract.
a. Collective agreements b. Individual agreements c. Psychological contracts d. Person-to-person handshake
The ______________ of marketing suggests that firms should adopt marketing strategies as though the entire world was one single marketplace. These firms would then market ___________ products using the same marketing mix everywhere in the world.
A. internationalization; customized B. globalization; customized C. flexibility; standardized D. globalization; standardized E. international vision; custom
Retailers love national brands because overhead is low and there are no marketing costs, and they bring higher margins than private brands.
Answer the following statement true (T) or false (F)
A services firm does all its business in cash only. The firm projects a cash balance of $4,000 in its account after all taxes and costs are paid. The owners plan to invest $7,000 and pay a dividend of $1,000. How much net new financing is needed?
A) $4,000 B) $5,000 C) $6,000 D) $7,000