Which of the following statements is CORRECT?
A. Accruals are an expensive but commonly used way to finance working capital.
B. A conservative financing policy is one where the firm finances part of its fixed assets with short-term capital and all of its net working capital with short-term funds.
C. If a company receives trade credit under terms of 2/10, net 30, this implies that the company has 10 days of free trade credit.
D. One cannot tell if a firm has a conservative, aggressive, or moderate current asset financing policy without an examination of its cash budget.
E. If a firm has a relatively aggressive current asset financing policy vis-à-vis other firms in its industry, then its current ratio will probably be relatively high.
Answer: C
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Answer the following statements true (T) or false (F)
1. Speed of resolution is the primary benefit of using the collaborating conflict-handling style. 2. When parties to a conflict have deeply rooted, opposing value systems, the most appropriate method to handle the conflict is collaboration. 3. Competition is a form of conflict. 4. Devil's advocacy is a method used to induce programmed conflict.
VALS FrameworkVALS creates profiles of people based on their primary motivation and resources. In the VALS framework above, D refers to
A. Ideals. B. Survivors. C. Innovators. D. Achievement. E. Self-Expression.
Corporate governance is the oversight of a company's management performance and ethics by its board of directors
Indicate whether the statement is true or false
Which of the following is the correct formula for measuring an efficiency variance?
A) Efficiency Variance = (Actual Quantity + Standard Quantity) - Standard Cost B) Efficiency Variance = (Actual Quantity × Standard Quantity) / Standard Cost C) Efficiency Variance = (Actual Quantity / Standard Quantity) × Standard Cost D) Efficiency Variance = (Actual Quantity - Standard Quantity) × Standard Cost