Critical Thinking Questions Case 8-1

question 98

Multiple Choice

Critical Thinking Questions Case 8-1
A friend who is trying to market her new photography business asks you to help her design a catalog. She plans to take on the marketing once her business takes off, so you offer to tutor her on how catalogs are published.
As your friend entered lowercase text in the footer text box, she noticed that the first letter changed to uppercase. She asks you why. You tell her ____.

• A) Publisher makes such changes automatically when an embedded picture is used in a publication
• B) Publisher makes such changes automatically when the CAPS LOCK key has been pressed
• C) Publisher perceived the beginning of a sentence and its AutoCorrect feature capitalized the letter for you
• D) it is not possible that that occurred; she must be mistaken

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Definitions:

Sales Revenue

The income received by a company from its sales of goods or services before any expenses are deducted.

Working Capital

The measure of a company's short-term liquidity, determined by subtracting current liabilities from current assets.

Short-Run Liquidity

The ability of a company to meet its short-term financial obligations and operate in the near future without facing financial distress.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.