A business plan should illustrate
a. the current status of a related enterprise.
b. the projected results of the new business.
c. the desires of competitors.
d. changes in borrowing practices.
ANSWER: b
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Which of the following is NOT one of the six basic factors to consider in the allocation of a salesperson's calls?
A. Number of accounts in the territory B. Compensation C. Frequency of customer sales calls D. Nonselling time E. Travel time
Dash-N-Dee is an independent distributer that distributes cosmetics to various retailers. The company takes legal possession of the goods it distributes. The company warehouses the products but does not ship them to the retailers. It is evident that Dash-N-Dee is a(n) _____.
A. full-service merchant wholesaler B. limited-service merchant wholesaler C. broker D. agent
Answer the following statements true (T) or false (F)
1. The cash conversion cycle represents the number of days the cash is "tied up" in the operating activities of the business. 2. The formula for the cash conversion cycle is days sales-in-inventory + free cash flow - receivables collection period 3. The economic environment of a business describes how a business is affected by competitors. 4. The competitive environment of a business describes how a business competes for critical resources. 5. Financial analysis is used to predict the future of a business.
In the general model, a price variance is calculated as:
A. (AP × AQ) - (SP × SQ) B. (AP × AQ) - (SP × AQ) C. (AP × SQ) - (SP × SQ) D. (AP × AQ) - (AP × SQ)