Most Firms of Any Size Need Working Capital Which Includes

question 27

Multiple Choice

Most firms of any size need working capital which includes the following except

• A) owner's equity
• B) accounts receivable
• C) cash
• D) inventories

Interpret the financial impact of changes in production levels or service activity on direct materials, labor, and overhead costs.

Evaluate the effect of activity level changes on net operating income.

Understand the role of fixed and variable costs in budget planning and control.

Apply budgeting concepts to different business models and sectors, including manufacturing, service, and hospitality.

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Definitions:

Chromosomes

Filamentous entities located within the nucleus of both animal and plant cells, consisting of protein and a solitary molecule of deoxyribonucleic acid (DNA), responsible for bearing genetic information.

Zygote

The initial cell formed when a new organism is produced by the combination of sperm and egg cells.

Genes

Units of heredity made up of DNA that carry the instructions for making proteins, which in turn direct development, health, and physical characteristics of an organism.

ADHD

Attention Deficit Hyperactivity Disorder, a chronic condition marked by persistent inattention, hyperactivity, and sometimes impulsivity.