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Bill Raymond Is the CEO of the Drummond Group, a Consulting

question 24

Multiple Choice

Bill Raymond is the CEO of the Drummond Group, a consulting group in the Carolinas. Sales have increased at least five percent every year for the past seven years. Unfortunately, the company has hit a slump this year, and revenue is far less than anticipated. However, in order to receive his performance bonus, Bill must show a sales increase of at least seven percent. When the financials are released, sales have increased by exactly seven percent. Which of the following ratio analyses would be most helpful in revealing that Bill included bogus sales in the company's financials?

Appreciate the advantages and disadvantages of consumer credit.

Understand the general principles of measuring credit capacity.

Identify what creditors evaluate during a credit application process.

Know strategies to protect against credit card fraud.

Definitions:

Productivity

The measure of efficiency in converting inputs into useful outputs, often analyzed to improve performance in business or personal tasks.

Task Analysis

The process of breaking down a task into its components to study the task’s requirements and the skills needed to perform it.

Management Object

An element or goal that management aims to achieve through planning, organizing, leading, and controlling organizational resources.

Frederick Taylor

A pioneer of industrial engineering and management science, best known for his work on improving industrial efficiency through the principles of scientific management.