Hellriegel and Slocum's Model Shows the Relative Importance of ________

question 68

Multiple Choice

Hellriegel and Slocum's model shows the relative importance of ________ to organizational survival.

• A)external and internal environments
• B)change and stability
• C)innovation and conservativeness
• D)trust and vigilance
• E)change and risk taking ability

Analyze cash flow by calculating cash collections and disbursements based on sales, policies, and operational cycles.

Calculate the length of the cash cycle using turnover rates and payment periods.

Understand and calculate accounts payable and receivable periods using sales and cost of goods sold data.

Determine the effectiveness of financial management strategies such as lines of credit and receivables financing.

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Definitions:

Checking Account

A bank account that allows for numerous withdrawals and deposits, often used for day-to-day transactions.

Banking Section

The part of an organization or software that deals with financial transactions and account management with banks.

Receive Payments

It refers to the process of collecting money from customers or clients for goods sold or services rendered.

Pay Sales Taxes

This term refers to the process of remitting taxes collected from customers on sales transactions to the relevant government authority.