When Keith Monroe Told His Father the Family Needed a New

question 88

Multiple Choice

When Keith Monroe told his father the family needed a new computer, the father told Keith to determine what features were needed and some costs. Mrs. Monroe suggested the new computer needed an ergonomic keyboard because she was having some problems with her wrists. Wenda Monroe asked that the new computer have a faster modem for her chat room visits. Mr. Monroe said what they bought would depend on what Keith learned. Which of the following sentences BEST describes the roles the
Individual family members played in making this decision?

• A)Wenda acted as a user and an influencer.
• B)Mr. Monroe took on all of the roles.
• C)Keith took on all the roles except that of purchaser.
• D)Mrs. Monroe and Wenda acted as information gatherers, users, and decision makers.

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Definitions:

Inventories

Quantities of goods or materials on hand or in process of manufacture, storage, or transport.

Asset Turnover

Asset turnover is a financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business, like cash, inventory, and receivables.

Total Assets

The sum of all resources owned by an entity, including both current and non-current assets, which can be used to generate value or meet obligations.