The microenvironment consists of larger societal forces that affect a company, such as demographic, economic, political, and cultural forces
Indicate whether the statement is true or false
FALSE
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Which of the following is a measure of the time that it takes to convert current assets into cash?
a. accounts receivable turnover ratio b. cash to cash operating cycle c. number of days' sales in inventory d. working capital
Which of the following dimensions of Hofstede’s cultural values is group orientation?
A. relationship orientation B. uncertainty avoidance C. power distance D. collectivism–individualism
The FASB's conceptual framework does not include which of the following as financial reporting objectives?
a. Provide information useful for making suboptimal investment and credit decisions. b. Provide information to help current and potential investors and creditors assess the amount, timing, and uncertainty of future cash flows. c. Provide information about the economic resources of a firm and the claims on those resources. d. Provide information about a firm's operating performance during a period. e. Provide information about how an enterprise's lenders obtains and use cash.
Which of the following is FALSE concerning the providing of supporting evidence in a sales message?
a. Few people will believe general statements without the support of factual evidence. b. Since research facts and figures can be boring, general remarks about superior durability and appearance are more effective. c. Evidence presented must not only be authentic; it must sound authentic, too. d. Not only do you have an obligation to give information, you should interpret it if necessary and point out how the information will benefit the receiver.