Which of the Following Best Exemplifies a Costly Mistake That

question 25

Multiple Choice

Which of the following best exemplifies a costly mistake that can be attributed to passive listening?

• A) forgetting to reorder supplies and having work come to a standstill while you send an employee out to restock
• B) taking an order so large that your factory has to run costly overtime shifts to meet the production deadline
• C) failing to proof your report before making copies of it, and having to reprint them all after you realize this and correct the typos
• D) scheduling two appointments for the same time and having to cancel on one of your clients at the last minute
• E) mailing out a coupon giving customers 50% off on their orders because you misheard when your boss asked you to create a coupon for 15% off

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Definitions:

Short-Term Liquidity

An indicator of a company's ability to meet its short-term financial obligations using assets that can be quickly converted into cash.

Quick Ratio

A liquidity measure that indicates a company's ability to cover its short-term obligations with its most liquid assets.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Financing Activity

Transactions and events where cash is raised for business purposes, including issuing equity, borrowing, and repaying loans.