Scenario 19-2 Travis, a Student at a Community College, Is Considering What

question 123

Multiple Choice

Scenario 19-2
Travis, a student at a community college, is considering what he should do for summer employment. Two recruiters show up at his school in search of summer workers. Recruiter A is looking for workers to help a disaster relief agency distribute food aid in Africa. Recruiter B is looking for custodial help to clean motel rooms in a motel located near the entrance to a famous national park.
-Refer to Scenario 19-2. Travis is carefully considering the options that each recruiter presents. On the basis of knowledge obtained in his economics class, Travis concludes that

• A)if the motel job requires some night shift work, wages will be lower than otherwise.
• B)the job that is more fun will have a higher wage.
• C)if the motel job doesn't require any special skills, the wage offer will be lower than otherwise.
• D)All of the above are correct.

Grasp the maturity matching principle and its application in financing.

Understand inventory management techniques including JIT and its impacts on financing and operations.

Analyze the pros and cons of stretching payables and its effect on liquidity.

Recognize different sources of short-term funding and their implications for working capital management.

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Definitions:

Right Source

Choosing the most suitable origin or provider for goods, services, or information, focusing on quality, cost, and reliability.

Right Service

The alignment of a service provided with the exact needs or requirements of a customer or client.

Right Quality

Meeting the expected standards or specifications required for a product or service.

Inventory Investment

Financial resources committed to stock on hand, including materials, components, and finished products held for sale.