When the Principles of Management Apply to All Types of Organizations

question 1

Multiple Choice

When the principles of management apply to all types of organizations and organizational levels,the principles are said to be ________.

• A)practical
• B)worthwhile
• C)usable
• D)universal
• E)important

---

Definitions:

Long-Term Debt

Financial obligations of a company that are due more than one year in the future.

Current Assets

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

Present Value

The current value of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to determine investment worth.

Long-Term Liabilities

Financial obligations of a company that are due after more than one year.