Having a BAC Greater Than 0

question 64

True/False

Having a BAC greater than 0.08% or greater is the criterion for legal intoxication.

Understand the implications of credit policy on bad debts and accounts receivable performance (ACP).

Recognize the use of financial mechanisms to manage and optimize cash flow, like ZBAs and lockbox systems.

Understand the various inventory management concepts including economic order quantity, safety stock, JIT systems, and their impact on a firm’s cash flow and operational efficiency.

Understand the difference between various financial instruments including promissory notes, lines of credit, and revolving credit agreements.

---

Definitions:

Commitment Level

The degree to which an individual is dedicated to a cause, activity, relationship, or job; reflecting a sense of responsibility or loyalty.

New Coke

A reformulated version of Coca-Cola introduced in 1985 that faced major consumer backlash.

Cognitive Dissonance

The mental discomfort or psychological stress experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Balance Theory

A psychological theory suggesting that individuals strive for mental consistency among their beliefs, attitudes, and sentiments, and will change or eliminate beliefs to achieve balance.