What does the ‘small world’ phenomenon mean in relation to corporate governance?

a. Globalization
b. Tightly networked boardroom social relations
c. That board members come from the same neighbourhood
d. None of the above


b. Tightly networked boardroom social relations

Business

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Collateral from unsecured loans may be sold to offset the loan obligation if the loan is in default.

Answer the following statement true (T) or false (F)

Business

New-to-the-world products can establish completely new markets or radically change the rules of competition as well as consumer preferences in a market.

Answer the following statement true (T) or false (F)

Business

The following information is for Cleveland Company:  End of YearBeginning ofYearAccounts receivable $138,500?  $198,000? Prepaid rent  55,000?   26,500? Long term investments  151,500?   179,000? Dividends payable  53,600?   69,200? Salaries payable  175,000?   183,200? Long term notes payable  356,400?   383,800? Additional data for the current year:(1) Sales on account for the period were $228,000. (2) Operating expenses for the period were $127,000. Based on this limited information, what was the net cash inflow from operating activities?

A. $123,800 B. $101,000 C. $36,700 D. $59,500

Business

Which of the following policies will reduce a retailer's investment in working capital?

A) Using cash rather than trade credit for inventory purchases B) Accepting major credit cards rather than offering store credit C) Keeping unsold seasonal merchandise in storage so that it can be offered again the following year D) All of the above

Business