The operating cycle is the time span required for a business to repay its long-term liabilities

Indicate whether the statement is true or false


FALSE

Business

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Which of the following items is NOT included in FASB's conceptual framework of accounting theory?

A) qualities of useful accounting information B) fundamental principles and assumptions that guide financial accounting and reporting C) objectives of financial reporting D) All of these choices are included in the conceptual framework

Business

Which of the following is a step in LMX development?

A. role-taking B. role-reconsideration C. role-improvisation D. role-faking

Business

James Lambert is an assistant territory sales manager at Cellcom, a leading wireless service provider in Europe. James manages the salespeople in a small city in France. There are many players in the wireless service provider market, and it is becoming increasingly difficult to position the company as unique. What can James do to position Cellcom as a unique company, when compared to its competitors?

A. Reduce the call rates by half. B. Increase the mass media advertising of Cellcom. C. Substantially reduce the salespeople's visits to the small accounts and increase the visits to key accounts. D. Ask salespeople to discuss the weakness of competition in every sales call. E. Instruct salespeople to spend more time on each sales call.

Business

Planetary Systems is developing a gas vapor detection system that will be able to tell when a fuel system is in the early stages of becoming inefficient in a manner needing adjustment and will then sound an alarm to notify the driver. The system is still in the trial stages and has not been proven to be effective. What type of technology is this?

A. base B. emerging C. ancillary D. key E. pacing

Business