Pete Ate at a Local Tex-Mex Chain Last Weekend and Received

question 5

Multiple Choice

Pete ate at a local tex-mex chain last weekend and received such poor service that he swore he would never go back.The following Monday,when his coworkers asked about his weekend,Pete told them about the bungled,dissatisfactory service he received,and even exaggerated the lousy experience he had.In this situation,Pete is best described as a(n) ________.

• A) loyalist
• B) apostle
• C) hostage
• D) terrorist
• E) mercenary

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Definitions:

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (or financial statements) is represented as a proportion of the total account.

Common-Size Financial Statement

A financial analysis tool that presents all line items as a percentage of a common base figure, making it easier to compare financial statements of different-sized companies.

Vertical Analysis

A method of financial statement analysis in which each entry for a given period is represented as a proportion of a chosen total.

Operating Cycle

The amount of time it takes for a company to purchase inventory, sell it, and convert the sale back into cash.