As part of a union negotiation agreement, the United Clerical Workers Union conceded to be paid every two weeks instead of every week
A major firm employing hundreds of clerical workers had a weekly payroll of $1,000,000 and the cost of short-term funds was 12 percent. The effect of this concession was to delay clearing time by one week. Due to the concession, the firm ________.
A) realized an annual loss of $120,000
B) realized an annual savings of $120,000
C) increased its cash cycle
D) decreased its cash turnover
B
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A popular restaurant offers a free meal. At the restaurant, it turns out that drinks are not included. The drinks sell for above market rates. This is an example of which of the following?
a. direct cross-subsidies b. multiparty markets c. double whammy d. distributed pricing
It is common practice to rely on ________, often natives who are foreign educated, to bridge the gap between cultures.
A. Agents B. Mediators C. Intermediaries D. Negotiators E. Messengers
A company with a low inventory turnover requires a smaller investment in inventory than one producing the same sales with a higher turnover.
Answer the following statement true (T) or false (F)
Public relations is usually controlled by a firm or its agent.
Answer the following statement true (T) or false (F)