Colby and Carleton Own a Business

question 755

Multiple Choice

Colby and Carleton own a business.Most of their friends and colleagues would say Colby, who manages the business on a daily basis, is down-to-earth and conventional in his thinking, while Carleton is the "dreamer" and "big idea" partner, who is always coming up with new ways to promote and expand the business.Regarding the five-factor model, Colby would rate low and Carleton would rate high on the __________ dimension.

• A) openness to experience
• B) conscientiousness
• C) extroversion
• D) neuroticism

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Definitions:

Current Assets

Short-term assets that are expected to be converted into cash within one year.

Shareholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the net worth attributable to shareholders.

Inventory

The goods and materials that a business holds for the ultimate goal of resale or processing.

Liquidity

Refers to the ease with which an asset can be converted into cash without affecting its market price.