The Author of the First Introductory Textbook in Public Administration

question 12

Multiple Choice

The author of the first introductory textbook in public administration, in 1926, was

• A) David Lillienthal.
• B) Robert Merton.
• C) Leonard White.
• D) Solomon Asch

Comprehend the role and characteristics of marketable securities in corporate finance.

Recognize the financial mechanisms like revolving credit agreements and factoring receivables used to enhance liquidity.

Understand the concept and operational details of the cash conversion cycle.

Identify the reasons for holding cash and the concept of precautionary demand for cash.

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Definitions:

Alcohol Metabolism

The process by which the body breaks down alcohols, primarily ethanol, into acetaldehyde and then acetic acid.

Carboxylic Acids

Organic compounds characterized by the presence of at least one carboxyl group, which consists of a carbon atom double-bonded to an oxygen atom and single-bonded to a hydroxyl group.

Nitroglycerin

A highly explosive liquid used medically as a vasodilator to treat heart conditions and industrially in the manufacture of explosives.

Commercial Explosive

Materials or chemicals used in the construction and mining industries, among others, to demolish or move materials through controlled explosions.