The process of encouraging and authorizing workers to take appropriate initiatives to improve the overall firm is commonly known as:
A. employee empowerment.
B. problem recognition and solution.
C. personnel aggressiveness.
D. decision making.
E. planning and control.
Answer: A
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The managers of a business have the dual objective of generating net income (profitability) and keeping the enterprise solvent (liquidity)
a. True b. False Indicate whether the statement is true or false
The acid-test ratio differs from the current ratio in that it
a. represents the amount of cash on hand instead of the amount of working capital. b. excludes inventories and accounts receivable from the numerator of the fraction because of obsolescence and possible nonpayment. c. is a stricter test of a company's ability to pay its current debts as they are due. d. signals the need to liquidate marketable securities when it drops below 5 to 1.
Which of the following businesses most likely would have a large Unearned Revenue account balance at all times?
A) Dry cleaners B) Realtor C) Magazine publisher D) Department store
Television advertising is
A. regulated by affiliate networks. B. considered a declining advertising medium. C. more stringently self-regulated than any other medium. D. typically not used for hard liquor advertising. E. regulated through codes developed and enforced by the Federal Trade Commission.