Use the Following Information for Questions

question 74

Multiple Choice

Use the following information for questions.
Anson Corporation had $325,000 in current assets and $145,000 in current liabilities before borrowing $100,000 from the bank for a 6-month period.
-What effect did the borrowing transaction have on the amount of Anson's working capital?

• A) No effect
• B) $100,000 increase
• C) $145,000 increase
• D) $100,000 decrease

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Definitions:

Observable Culture

Aspects of an organization's culture that can be seen or felt, such as rituals, ceremonies, dress codes, and physical layout, offering insights into the organization's values.

Marketing Director

A professional responsible for overseeing and guiding a company's marketing strategy, campaigns, and team.

Environmental Culture

The collective practices, beliefs, and values regarding environmental conservation and sustainability within an organization or society.

Peripheral Culture

Elements of organizational culture that are not central to the core values but still contribute to the overall environment.