firm that buys on credit is in effect borrowing from its supplier. (
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举一反三
- Which<br/>of the following conditions does NOT describe a firm in a<br/>monopolistically competitive market? ( ) A: It<br/>makes a product different from its competitors. B: It<br/>takes its price as given by market conditions. C: It<br/>maximizes profit both in the short run and in the long run. D: It<br/>has the freedom to enter or exit in the long run.
- In<br/>which of the following case will a firm prefer the entry mode of a<br/>wholly owned foreign subsidiary? ( ) A: The<br/>firm has a high level of tacit knowledge B: The<br/>firm has a high level of performance certainty C: The<br/>firm has a low level of interdependence with its foreign partner D: The<br/>firm has a low level of confidence in international operation
- Owners'<br/>equity in a business increases as a result of which of the<br/>following? () A: Payments<br/>of cash to the owners. B: Losses<br/>from unprofitable operation of the business. C: Earnings<br/>from profitable operation of the business. D: Borrowing<br/>from a commercial bank.
- The<br/>key difference between a competitive firm and a monopoly firm is the<br/>ability to select ( ) A: the level of competition in<br/>the market. B: the level of production. C: inputs in the production<br/>process. D: the price of its output.
- Which<br/>one of the following will not affect the operating cycle?() A: decreasing<br/>the payables turnover from 7 times to 6 times B: increasing<br/>the days sales in receivables C: decreasing<br/>the inventory turnover rate D: increasing<br/>the average receivables balance E: decreasing<br/>the credit repayment times for the firm’s customers
内容
- 0
In<br/>a reverse stock split:() A: the<br/>number of shares outstanding increases and owners’ equity<br/>decreases. B: the<br/>firm buys back existing shares of stock on the open market. C: the<br/>firm sells new shares of stock on the open market. D: the<br/>number of shares outstanding decreases but owners’ equity is<br/>unchanged. E: shareholders<br/>make a cash payment to the firm.
- 1
1. The changes in the firm's policy will have to be ___________ if they are to have any effect on its future.
- 2
A<br/>wholly-owned subsidiary that handles the credit function for the<br/>parent firm is called a():() A: controlled<br/>disbursements company. B: junior<br/>subsidiary firm. C: parallel<br/>payments firm. D: captive<br/>finance company. E: operating<br/>division.
- 3
A supplier certification program:( ) A: adds cost to the supplier, but provides few benefits to the<br/>supplier. B: may enable the buyer and seller to lower costs and improve quality. C: may improve quality, but at best will not raise costs. D: always improves quality, but usually at a higher purchase price. E: typically cost more to implement than the value of the quality<br/>improvement.
- 4
When<br/>comparing the total cost of ownership from an international supplier<br/>to that of a domestic supplier, the international supplier’s() A: lower<br/>labor costs are easily eroded by additional shipping and insurance<br/>costs. B: lower<br/>labor costs offset the high cost of inefficient equipment and<br/>processes. C: lower<br/>labor rates must be considered in the context of productivity and<br/>quality. D: prices<br/>are carefully controlled by the S. government to prevent dumping. E: price<br/>will be higher if the S. dollar is strengthening on the exchange<br/>rate.