Opportunistic Behavior Is a Tendency on the Part of Employees

question 38

Multiple Choice

Opportunistic behavior is a tendency on the part of employees to

• A) end up working less diligently than their stated intentions implied.
• B) take the initiative to help advance the employer's objectives.
• C) plan to mislead employers to attain a "cushy" job.
• D) maximize income.

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Definitions:

Stockholders' Equity

Shareholders' equity in a corporation, defined by the excess of asset value over the amount of liabilities.

Interest Expense

The cost incurred by a company for borrowing funds, represented as the interest payments made on any borrowed capital.

Operating Income

Earnings before interest and taxes (EBIT), calculated by subtracting operating expenses from gross profit.

Operating Cycle

The average time period between purchasing goods for inventory and receiving cash from selling those goods.