The concept of quality of work life (QWL) is widely used to refer to a philosophy of management that does all of the following except:
A. Streamlines and standardizes the job
B. Improves the physical and emotional well-being of employees
C. Enhances the dignity of all workers
D. Introduces changes in an organization's culture
Answer: A
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Which of the following statements about factoring is true?
A) Factoring firms sell the receivables of other firms. B) Factoring involves the outright sale of a firm's accounts receivable to the factor. C) The firm, not the factor, bears the risk of collecting bad receivables in a factoring arrangement. D) The borrowing firm is able to obtain a greater advance against inventory in a factoring arrangement than in a typical line of credit secured by accounts receivable.
An oil company in the United States develops an advertisement that promotes offshore oil-drilling in the country. The ad states the availability of oil resources and stresses the importance of reducing dependence on foreign oil sources. The ad's goal is to get members of the public to support offshore drilling. This is an example of
A. trade promotion. B. direct-response advertising. C. image advertising. D. event sponsorship. E. advocacy advertising.
The management of a small firm's long-term assets is called capital budgeting.
Answer the following statement true (T) or false (F)
The ________ figure presents a picture of the relative margin after all obligations and expenses are considered.
A. gross profit margin B. return on equity C. net profit margin D. operating profit margin