Which of the Following Actions Represents the Best Way to Improve

question 37

Multiple Choice

Which of the following actions represents the best way to improve a company's finances in the short term?

• A) Raise selling prices by 10%.
• B) Allow customers 5 days longer to pay.
• C) Pay vendors 5 days earlier than before.
• D) Decrease union wages by 3%.
• E) Carry less 5% less inventory.

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Definitions:

Technical

Relating to specific skills, knowledge, or methodologies that are necessary in scientific, engineering, or specialized industrial work.

Interpersonal

Relating to interactions between individuals, often emphasizing communication and relationship-building skills.

Human Resource Management

The strategic approach to the effective and efficient management of people in a company or organization in a way that helps their business gain a competitive advantage.

Communicate

To share or exchange information, ideas, or feelings with someone else through speaking, writing, or other forms of expression.