Which of the following is true of competency-based plans?
A. These plans are free of biases and judgments.
B. These plans eliminate the need to control costs.
C. Managers who use these plans focus on placing the right people in the right job.
D. These plans maximize flexibility.
E. Results of these plans are always reliable and valid.
Answer: D
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U.S. sugar import quotas have existed for more than fifty years and preserve about half of the U.S. sugar market for domestic producers. These quotas are examples of ________
A) embargoes B) nationalization C) protectionism D) expropriation E) disintermediation
Bob Johnson is the sole owner of Johnson's Carpet Cleaning Service. Bob purchased a personal automobile for $10,000 cash plus he took out a loan for $20,000 in his name. Describe how this transaction is related to the business entity concept
Answer the following statement(s) true (T) or false (F)
1. Pledging is the use of accounts receivables as collateral for a loan. 2. Obtaining a line of credit from the bank guarantees that the loan will be available when needed. 3. Factoring involves selling accounts receivable at less than their face value in return for cash. 4. Factoring is one of the best, and least expensive, methods of obtaining short-term debt capital. 5. Floor planning is being used more often in recent years in industries such as automobiles and major appliances.
The term CFO refers to:
a. complete financial openness b. chief financial officer c. constant fiscal offerings d. committee for financial operations e. chief financial operations