Use the Table for the Question(s)below

question 60

Multiple Choice

Use the table for the question(s) below.

-Refer to the statement of financial position above.What is Luther's net working capital in 2014?

• A)$12 million
• B)$27 million
• C)$39 million
• D)$45 million
• E)$63.6 million

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Definitions:

Emergent Strategies

Refers to unplanned strategies that evolve naturally due to changes in the internal and external environments of an organization.

Social Conduct

The behaviors and actions that are considered acceptable or expected by society or within a specific community.

Strategic Planning Process

A comprehensive process that organizations use to define their strategy, direction, and make decisions on allocating their resources, including capital and people, to pursue this strategy.

Low-Cost Provider Strategy

A commercial approach focusing on maintaining operational efficiency to offer products or services at the lowest price possible without sacrificing quality.