When managers evaluate a decision and determine that it is not meeting the goals of the organization, the decision-making process may become cyclical.
TRUE
Almost all businesses are organized the same way, in a vertical, hierarchical structure.
False
The control system that helps measure the plans an organization sets in place to carry out its goals and objectives of the organization generally forms a cycle.
True
Ensuring that meetings have a clear agenda can help with time management.
True
Web-based tools like Meeting Wizard can help with time management.
True
Managers do not need to be comfortable with technology because they can delegate those tasks to their information technology (IT) staff.
FALSE
The skills of a manager and the process a manager goes through will be entirely different if the organization is a simple working group instead of a multibillion-dollar company.
False
________ are broad, long-term accomplishments an organization wants to achieve and ________ are short-term targets designed to help achieve them.
Goals; objectives
An organization where power is distributed and employees work in groups or teams is a ________ organization.
horizontal
Only for-profit companies use mission statements.
False
Once long-term goals and objectives have been determined, middle management generates ________.
tactical plans
Which is NOT a primary function of management?
marketing
A mission statement identifies what a business wants to be in the future.
False
When is the annual budget for an organization developed?
during tactical planning
________ reflect the personality of a company.
Mission statements
A ________ is a graph that displays the values of two variables to see if there is a relationship between the variables.
scatterplot
Organizational structure depends on a variety of factors NOT including ________.
the location(s) of business operations
Tactical plans are made with a six-month to one-year horizon in mind.
False
Despite their benefits, traditional pyramidal management has been criticized as being ________.
inflexible
If a computer virus spreads rapidly through a company's computer system and threatens to shut down all internal and external lines of communication, the company will likely put a(n) ________ into effect.
contingency plan
At what stage in the decision-making process would managers be most likely to seek customer or market opinion?
when choosing the best plan of action
The specifics of carrying out tactical plans are ________.
operational plans
Which of the following processes BEST describes how managers identify unseen problems?
analyzing data and searching for trends
Xerox maintains a flat organizational structure organized by product category and by region.
TRUE
The BEST way to describe the conceptual skills that a good manager must develop is to state that these skills must include understanding the relationships between ________.
the different parts of the organization
Diane Pollock was recently promoted to middle management based on her excellent interpersonal skills. These skills help her because one of the primary roles of a middle manager is to ________.
act as a liaison among different groups in the company
In an organizational chart for a company, training will generally fall under what division?
human resources
Once a company's vision and mission statement have been articulated, management must assess a company's SWOT, which stands for ________.
strengths, weaknesses, opportunities, and threats
Reebok only designs and markets its products. The company does not actually produce any products. This is an example of a ________.
network organization
What represents the highest level of planning in an organization?
strategic planning
A vision statement is a current description of an organization's purpose, basic goals, and philosophies.
False
When Boeing recently produced its latest airplane, the Boeing 787, parts of the plane were manufactured by a firm in Italy, other parts were manufactured by a firm in Wichita, Kansas, and all of the elements of the plane were shipped to Everett, Washingto
network
A(n) ________ organization consolidates decision making in the hands of a few people.
vertical
There are several steps that are crucial to effective time management. Which of the following steps will NOT improve the productivity of a business?
answering all emails as soon as they arrive
Goals are broad accomplishments that an organization wants to achieve within a certain time frame; in most companies this is about _______.
five years
A network organization is an emerging business structure in which ________ collaborate.
a group of companies
Juan is frustrated with his job of five years. He feels like nothing he does has any effect on the company's success or failure. He believes that his personal successes probably will not benefit him and, if there is any benefit, it will be very small. Acc
low motivation
Global Tech, Inc. has employees all over the world. Employees have face-to-face meetings on occasion, but they mostly communicate with each other via conference call, email, and webcasts. These employees form a virtual team.
True
Emi has worked as a computer programmer for the same company for five years. She is actively looking for another job and spends a great deal of her work day scanning want ads, making phone calls, and chatting with her coworkers. She completes none of her
actively disengaged
The Q12 identified Sarah as an employee who is not engaged. According to the Q12, which of the following statements is MOST LIKELY TRUE?
Sarah makes little contribution to the company.
For her psychology project, Melissa has decided to study the production levels of cooks at a local fast food restaurant. She expects the cooks in her study group to outperform the cooks in her control group because of ________.
the Hawthorne effect
The vice president at Steve's company recently assigned him a very challenging project. Steve successfully completed it on time and within budget. The feeling of satisfaction he has for this job well done is an extrinsic motivator for Steve.
False
Rosa has a challenging job at a company that she respects. Her only regret is that her supervisor does not seem to appreciate her accomplishments and work ethic. According to Maslow, Rosa will strive to satisfy her esteem needs before addressing her self-
True
The most important aspect of Stephen Covey's Seven Habits model is thinking in terms of win-win because most achievements are based on cooperative efforts.
True
After accepting a new job and moving to a new city, Tania felt isolated and unhappy. After a few months, she became friends with some of her coworkers and joined a book club. According to Maslow, Tania fulfilled her need for ________.
belonging
Antonio owns a small auto body shop. He is concerned with apathy among his employees and decides to add some extrinsic motivators in hopes of increasing performance. Which of the following is NOT an extrinsic motivator Antonio may try?
offering work employees may find more satisfying
Which statement about a Theory Y management style is FALSE?
People mainly want security in their jobs.
Mario works as an accountant for a large firm. He frequently sends email messages to coworkers that contain jokes about disgruntled employees and their difficult bosses. He interrupts meetings with random complaints about the company and often tries to co
True
Anna, a psychology major, has decided to specialize in the study of how to create a workplace that fosters motivation and productivity among employees. This is known as ________ psychology.
organizational
Luis works as a marketing manager for a consumer products company. He feels strongly about the product lines he manages and is dedicated to the company's mission and ideals. Luis' product lines are among the best sellers in the company. According to the Q
engaged
The need for affiliation in McClelland's "three-needs" theory most closely resembles which need in Maslow's hierarchy?
belonging
In which type of business would you most likely find a Theory X style of management?
mass manufacturing company
InfoTech offers its employees long-term employment with a focus on individual responsibility. As a result, its workers are loyal to the organization, are highly productive, and have strong morale. The management style InfoTech most likely is applying is _
Theory Z
Which of the following best defines McClelland's need for achievement?
It is the need to accomplish something difficult on one's own.
Karen is an accountant for a large construction company. Her supervisor decides to reward Karen's excellent performance with a one-time bonus. To Karen, this could be a(n) ________.
extrinsic motivator
According to Maslow, which need are people striving to satisfy when they seek to maximize their own potential?
self-actualization
Chelsea is a marketing manager and receives a lump sum payment from her company based on the company's higher-than-normal profits from last year. This compensation is called a ________.
bonus
Greg is 57 years old and is looking for a new job even though he knows many companies prefer not to hire older workers. Which of the following is likely a disadvantage of hiring Greg?
expectation of a fairly high salary
Midori was searching for a new job. An employment agency contacted her about a job that was perfect for her skill set. Midori was hired. Midori's new company was performing ________.
external recruiting
Suki earns $52,000 per year for her work as an associate marketing manager. Suki's compensation is called a ________.
salary
Janet is the human resource manager for a large consumer products company. She has a great many job responsibilities. Which of the following is most likely NOT an aspect of her job?
asset management
Marvin has worked for his company for five years and feels it is time to increase his level of responsibility and stature in the company. Marvin is seeking a ________.
promotion
Barney is an HR manager and would like to see a more diversified workforce at his company. He decides the best way to do this is to follow a plan that requires the company to employ a certain number of minorities and women. This plan is otherwise known as
affirmative action
When plumbers from a local union stopped working during negotiations, management hired replacement plumbers so the effects on their business would be lessened. These replacement plumbers are called ________.
strikebreakers
Archie is a new HR manager and knows that a diverse workforce can benefit his company. The best way for Archie to create a motivated, diverse staff is to follow an affirmative action plan that prescribes a certain number of minorities and women.
False
Johanna decides she is bored with her current job and is ready to quit. She wants to take some time off and then look for a new job in a different city. Her coworker tells Johanna to check the company handbook to make sure her reasons for quitting are acc
employment at will
Kathleen wants to be a nurse manager at a local children's hospital. She is studying for this position through a distance learning program and is taking a class offered by a university in another state. The type of training Kathleen is experiencing is ___
online
What is the retirement age in the United States?
whenever the employee stops participating full-time in his/her career
Joshua is paid the minimum hourly rate for his work as a lifeguard. Joshua's compensation is called a ________.
wage
Sydney recently saw a notice in her company newsletter about a new job opening within her company. Since it would be a promotion for her, she applied later that day. In this example, Sydney's company recruited externally.
False
What is the difference between performance management and performance appraisals?
Performance management is an ongoing process while a typical performance appraisal happens once per year.
Recently, negotiations between a local housepainters union and their employer came to an impasse. The employer felt he had a legitimate position in the negotiations and refused to allow union member painters from entering the premises. This is called a __
lockout
Bella has two young children and a full-time job. Her day care provider cannot work on Fridays. Bella's employer allows her to work Mondays through Thursdays, as long as she puts in ten hours each day. From this example, we know Bella's employer allows __
a compressed workweek
While training for a new job, Vincenzo was given a computerized, multiple-choice test, which provided him immediate feedback regarding his answers. Vincenzo experienced a(n) ________.
programmed learning approach
Nicholas works for a marketing firm, which is looking to cut staff due to financial hardships. Since Nicholas is nearing 70 years old, the company decides to encourage him to retire by offering him various financial incentives. This worker buyout is also
golden parachute
Elizabeth saw a posting for a new job on her company's intranet. She was interested in the new challenges this job could provide her, so she applied right away. Elizabeth's company was performing ________.
internal recruiting
Teresa just received a quarterly statement from the Vanguard Group, which shows earnings from investments using her pretax dollars. Teresa contributes a percentage of her salary to the plan and her company matches it. Teresa has a 401(k) plan.
True
When Iris was trained for her new job, she was asked to respond to questions on a computerized multiple-choice test. Iris' company used the apprentice training approach.
False
Felix is concerned about saving money for retirement. His company offers him a plan that requires him to contribute a specific amount of money each year through payroll deductions. At retirement, Felix will receive the monies he contributed as well as the
pension plan
Daniel is due for his regularly scheduled performance appraisal. This is the time when Daniel receives an official evaluation of his performance, feedback about his work, and areas where improvements should be made.
True
Ricardo supervises a group of computer programmers. One of his employees, Natalia, frequently tells him about another employee's tardiness and penchant for two-hour lunches. After a few months, Ricardo fires this employee based on Natalia's information. B
False
Benjamin has a full-time job and has decided to work toward earning his master's degree at a local university. Some days he works from 7:00 A.M. until 3:30 P.M. so he can leave in time to attend his 4:00 P.M. classes. The rest of the week, Benjamin works
flextime schedules
Gabrielle is in charge of hiring new employees for her company. She decides she needs to assess the future demand for employees through forecasting and sets out to learn more about it. Which of the following statements about forecasting does Gabrielle dis
Forecasting considers the role of antidiscrimination policies at present.
Ramona's company has taken a new approach to the appraisal system. They combine goal setting, performance appraisals, training, and feedback into an ongoing process. This approach is called performance management.
True
Roseanne is in the process of hiring a new administrative assistant. What is the last step in this hiring process?
monitor through probationary period
The local library system offers some employees the opportunity to work five days per week for four hours each day. These employees also receive the same health insurance and paid time off plans that the employees working 40 hours per week receive. From th
permanent part-time schedules
Veronica is reentering the workforce after years away caring for her elderly parents. She is making many assumptions about today's workplace. Which of Veronica's assumptions is FALSE?
Women receive pay equal to their male counterparts.
Which of the following is NOT a part of a typical management development program?
workforce profiles
Oscar works in pharmaceutical sales. His base compensation is fairly low, but it is enhanced with compensation directly tied to his sales results. The incentive-based payments Oscar receives are called ________.
commissions
Yvette was recently hired as a restaurant manager for McDonald's and must attend classes at Hamburger University. This is an example of the programmed learning approach.
False
Yoshiko owns a greeting card store and recently hired a new daytime clerk. The new clerk is learning job skills by performing them under Yoshiko's informal direction. Yoshiko is conducting a(n) ________.
on-the-job training program
Which of the following is NOT a problem typically encountered with performance appraisals?
There is much administrative pressure due to the high frequency of an individual's performance appraisals in one year.
________ involves tricking a person into entering sensitive personal or financial information into a form on a website or in an email, typically by convincing the person that she is dealing with a site she normally interacts with, such as her bank.
Phishing
Terrell urgently needs to take care of some personal business using the Internet, but he is afraid that he might jeopardize his job if he is found using the company network for personal use. Which corporate practice is causing Terrell to most likely feel
electronic monitoring
Google's AdSense advertising is a form of contextual advertising.
True
UPS has a(n) ________ that allows businesses to examine UPS services and prices and track shipments.
company website
What is MOST important for cloud computing?
Internet
Business intelligence software can help managers ________.
identify which factors are the greatest contributors to bad debt
Which of the following BEST describes how businesses convert raw data into information?
organizing the data in a way that helps make decisions
Molave Furniture Company plans to launch a new website. Lila, the company's CIO, thinks that the company can better reach its customers through an interactive site that allows customers to view pictures of all furniture items, schedule an appointment with
e-commerce
________ refers to the application of products like Facebook in a corporate setting.
Enterprise social networking
Employers use electronic monitoring to ________.
gather information about an employee's activities while on the job
As a chief information officer, Bob looks for ways that his company's technological resources can generate bigger returns on its information technology investments. Which aspect of the CIO's role is he addressing?
budget
IT departments must ensure that companies use the newest technology that is available.
False
The following are all functions of a chief information officer (CIO) EXCEPT ________.
overseeing the accounting office
Of the following, which is harmed MOST by current regulations governing the collection of sales taxes on Internet purchases?
state governments that charge sales taxes
Which of the following uses of social media would be MOST likely to hurt rather than promote one's business?
Which of the following uses of social media would be MOST likely to hurt rather than promote one's business?
Which of the following is a function of a company's IT department?
managing the use of mobile computing
Phishing is commonly used to steal credit card numbers.
True
The person in charge of technology-enabled information processing in companies is most often called the ________.
chief information officer
What does a management information system (MIS) do that an IT system would typically not do?
focus on applying IT to solve business problems
Technology's ability to process and document large amounts of data has better enabled people to understand interpersonal communication.
False
Online analysis packages (OLAPs) enable very quick analysis of multiple sources of business information in order to present a clearer picture of the state of the business.
True
The unit in a company that is most often responsible for the hardware components, software programs, and networking strategies of a business organization is ________.
information technology
What best describes a data mart?
What best describes a data mart?
Technology BEST supports whistle-blowers by ________.
making it possible for people to report a business's ethical violations anonymously
The chief information officer is responsible for the technology of a business, including the management and evaluation of the budget allotted for such technology.
True
Viral marketing is most effective when it targets people who spend little or no time on the Internet.
False
Hilde's company wants to develop an understanding of the demographics of people purchasing its new product. The company wants to target its marketing at this demographic of people. The marketing department has used a database management system to identify
data mining
Most states are pleased that their residents buy products online.
False
The online advertising acronym PPC stands for ________.
pay-per-click
eBay is an example of which type of e-commerce transaction?
C2C
Which of the following statements is TRUE about the impact of technology on employee privacy?
Technology allows companies to access information about employees' behavior on the job
Ben receives an email purporting to be from his bank, advising him that new passwords are being distributed. The email asks him to enter his current password, as well as other personal information. Ben sends the requested information and then notices the
phishing
Although electronic monitoring offers some advantages to a company, it may also result in disadvantages. Which of the following is the MOST significant disadvantage of electronic monitoring of employees?
Electronic monitoring can result in increased employee stress and anxiety.
A marketing plan is best provided as an oral presentation so that employees can grasp concepts through visual aids and ask questions in a question-and-answer session.
False
When competition for customers became more intense during the sales era, businesses began to ________.
undertake aggressive sales tactics to "push" their products
When U.S. soldiers returned home from World War II, they influenced the marketing of products by ________.
getting married, starting families, and having the willingness to spend money
Social media sites such as Facebook and Twitter are unreliable sources of market research data because few customers use such sites to discuss business issues.
False
The ideal marketing objective is ________.
time specific, realistic, and quantifiable
How does marketing MOST benefit consumers?
by responding to needs in an effort to satisfy those needs
Marketing has evolved over which general eras?
production, sales, marketing, societal marketing, customer relationship
The more loyal a traveler is to a certain hotel chain, the more sensitive he or she is to the room rate at hotels in that chain.
False
Which of the following is a typical characteristic of a business-to-business market?
complex buying decisions
Secondary marketing data, which has already been collected and processed, is usually more expensive to obtain than primary data.
False
When we interview for a job, we are marketing ourselves.
True
The first step in the marketing process is to ________.
identify a market need
Prudent firms follow domestic markets exclusively in order to keep their focus on immediate sales and to avoid the additional expenses incurred in the global marketplace.
False
________ is the process of surveying the market environment to assess external threats and opportunities.
Environmental scanning
Marketers need to be aware of cultural and social differences before launching their products and campaigns.
TruE
The middlemen in a distribution channel are sometimes called ________.
wholesalers
In the age of identity theft, customers feel that marketers are violating their privacy when they ________.
resell information collected in marketing surveys without permission
A target market is a group of people who have completed surveys, questionnaires, or other response forms and have indicated an interest in the production of a new product.
False
Environmental influences are variables under the direct control of an organization.
False
Which of the following is NOT one of the most common consumer market segmentation classifications?
home ownership
Which of the following is NOT a good way to develop rapport with clients?
providing high quality products without a money-back guarantee
A rising inflation rate increases the purchasing power of money.
False
There are many more consumer markets than business-to-business (B2B) markets.
False
The most visible part of the marketing mix, which can be very expensive, is ________.
promotion
Which of the following is NOT an example of how not-for-profit organizations use marketing?
The Red Cross is investigating the use of alcohol-based drugs for children's diseases.
Which of the following is NOT a criticism of marketing?
catering to an exclusively upscale clientele
The marketing process is different for B2B markets than it is for consumer markets.
False
The automobile industry is an example of a business that skips the wholesaler in the distribution channel.
False
The era when companies believed that a good quality product would simply sell itself ran ________.
from the industrial revolution until the 1920s
The market mechanism benefits society by ensuring that ________.
scarce resources are channeled into products most desired by society
The two basic elements of a marketing strategy are the market research and the marketing mix.
False
Snow blowers are sold in areas where there is a longer cold season and the likelihood of snow. The consumer market for snow blowers is an example of ________.
geographic segmentation
A consultation with a world-famous surgeon is an example of a(n) ________ service.
specialty
A group of similar products marketed to one general market is called a product ________.
line
If a package prevents tampering with a product, which purpose of packaging is being performed?
to contain and protect the product
The package design, shape, color, and texture influence buyers' perceptions, but do NOT influence buying behavior.
False
In order for customers to acquire a total product offering, the customer must offer the ________.
price
Ford offers several categories of vehicles: cars, minivans, trucks, and SUVs. All of these vehicle categories together make up Ford's product ________.
mix
Price ________ involves charging a high price for a product initially, then lowering the price over time.
skimming
A company that announces a manufacturer's suggested retail price and then offers a discount off that price is using ________ pricing.
reference
An agreement between the owner of a brand and another company or individual who pays a royalty for the use of the brand in association with a new product is brand ________.
licensing
The blue Tiffany & Co. box is an example of which purpose of packaging?
to promote the product
An advertising campaign that attempts to reposition its product is an example of ________.
creating a new vision
Sheets of copper shipped to a factory for plumbing pipes are an example of ________.
raw and processed materials
A bag of snack food says, "Walmart's Corn Chips." This is an example of a(n) ________ brand.
private
The process of distinguishing a product from its competition in real or perceived terms to attract customers is called product ________.
differentiation
A legally protected brand is called a(n) ________.
trademark
A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n) ________ brand.
family
Which of the following is a consumer product classification?
unsought goods and services
The two functions of labels are to ________.
inform and persuade
A manufacturer of yachts sets its prices high above its competitors. This is an example of the pricing objective of ________.
creating an image
An augmented product consists of the core product and the actual product plus other real or perceived benefits that provide additional value to the customer's purchase.
True
A bulldozer is an example of ________.
equipment
Each of the following is a form of discount EXCEPT ________.
packaging discounts
A new freelance writer who sets a price at a level to generate just enough revenues to pay expenses is using the pricing objective of ________.
covering costs to survive
All of the following are steps in new product development EXCEPT ________.
brand awareness
A store that sets its prices at the same level as the store across the mall is using the pricing objective of ________.
status quo pricing
Use and convenience are unimportant when planning packaging for products.
False
The many product lines at Procter & Gamble are an example of product ________.
mix width
A theoretical model describing a product's sales and profits over the course of its existence is known as the product ________.
life cycle
A brand assigned to each product within a company's product mix is a(n) ________ brand.
individual
A snack food bag is white with plain black letters spelling, "Corn Chips." This is most likely an example of a ________ brand
generic
Branding increases the risks involved in some purchases for which buyers are unable to determine quality objectively.
False
A package contains a snack food bag with a manufacturer's brand and a container of dip with the brand of a different manufacturer. This is an example of a(n) ________ product.
co-branded
Packaging milk in a sealed bag that does not require refrigeration is an example of creating new markets.
False
Last year Huge TV Corp. had net income equaling $5 million. At the end of the year, the corporation had 4 million shares of stock outstanding. The company's earnings per share were ________.
$1.25
Accounting is important for ________.
organizations of all sizes and types
Your boss asks you to email a spreadsheet that is similar to a checkbook register, since it reflects changes in the company's cash position last month. When sending the email, you MOST LIKELY will attach the file named ________.
Statement_of_Cash_Flows
The clothing and accessories at New Fashion Stores, Inc. are an example of ________ assets.
current
Your boss asks you to email a spreadsheet that shows what the company owns and what it has borrowed (owes) at a fixed point in time and shows the net worth of the business. When sending the email, you MOST LIKELY will attach the file named ________.
Balance_Sheet
The statement of cash flows tells how efficiently management generates and uses cash.
True
Jason Prows' job this week is to prepare a spreadsheet that shows his company's long-range plans and outlines the expected financial needs for significant purchases such as real estate, manufacturing equipment, plant expansions, and technology. Jason is p
capital
The amounts that New Fashion Stores, Inc. owes to clothing manufacturers are an example of ________.
liabilities
When New Fashion Stores, Inc. paid a dividend to its shareholders, it recorded to outflowing cash in the ________ activities section of its statement of cash flows.
financing
The longest period covered in financial accounting reports is three months.
False
Government and not-for-profit accounting refers to the accounting required for organizations that are not focused on generating a profit, such as legislative bodies and charities.
True
The Sarbanes-Oxley Act established the Public Company Accounting Oversight Board, which is responsible for overseeing financial audits of public companies.
True
Leverage is the amount of debt used to finance a firm's assets.
True
Current assets at New Fashion Stores, Inc. are $20 million, and current liabilities are $10 million. The company's current ratio is ________.
2.00
Assets are the amounts that a company owes to its creditors.
False
Financial statements represent what has happened in the past.
True
When New Fashion Stores, Inc. built 100 new stores, it recorded to outflowing cash in the ________ activities section of its statement of cash flows.
investing
GAAP stands for ________.
generally acceptable accounting principles
An airline's long-term leases of its jets are examples of current liabilities.
False
Joseph Coulter needs long-term financing for his company. He contacts Funders Group, which is willing to provide funding in exchange for an ownership stake, an active role in management of Joseph's company, and an opportunity for a large return on its inv
venture
Tracking a business's income and expenses through a process of recording financial transactions is called ________.
accounting
In her work as an accountant, Sandra Garcia recognizes that for every transaction that affects an asset, an equal transaction must also affect either a liability or owners' equity. Sandra is using ________ bookkeeping.
double entry
Your boss asks you to email a spreadsheet that reflects the profitability of the company by showing its revenue and operating expenses. When sending the email, you MOST LIKELY will attach the file named ________.
Income_Statement
Depreciation helps keep the accounting equation in balance by matching the expense of a liability with the revenue that liability is expected to generate.
False
Housing Repair Co. has total revenue of $100,000. COGS is $40,000. The company's gross profit margin is ________.
0.60
Mark Lewis manages a corporate department that reviews and evaluates the accuracy of financial reports. Mark works in ________.
auditing
Liquidity is the speed at which assets can be turned into ________.
cash
The financing activities section of a statement of cash flows includes cash used or provided by the actual business of the company.
False
Commercial banks are financial institutions, credit unions, and savings-and-loan institutions that raise funds from businesses and individuals in the form of checking and savings accounts and use those funds to make loans to businesses and individuals.
True
Accounting involves a great deal of precision and some degrees of interpretation; therefore, accounting is ________.
both an art and a science
You are a financial manager. Your assistant tells you that there will be a cash flow gap next month, meaning that cash outflows are expected to be ________ cash inflows.
greater than
Long-term financing generated by the owners of a company is called ________ financing.
equity
Kay Alden manages a department that prepares annual reports. Kay works in ________.
financial accounting
Accounts receivable is an example of a fixed asset.
False
If a company has negative working capital, its current assets ________ its current liabilities.
are less than
New Fashion Stores, Inc. received 1,000 t-shirts on the first of the month. By the end of the month, the company had sold 743 shirts. The difference is ________.
inventory