Tidewater Distributors Is Successfully Using Short-Term Financing to Buy Inventory

question 64

Multiple Choice

Tidewater Distributors is successfully using short-term financing to buy inventory for resale. As sales climb, the managers realize that they must decide what to do with the money. Since you are the financial manager, they ask for your advice. You advise them to first

• A) repay the short-term obligations out of the sales revenue.
• B) use the money to buy a yacht for the managers.
• C) increase all employees' wages.
• D) enroll all the salespeople in a sales training course.
• E) borrow more money.

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Definitions:

Sternberg's Triangular Theory

A psychological theory proposing that love is composed of three components: intimacy, passion, and commitment.

Romantic Love

A deeply emotional and affectionate attachment to a partner, characterized by passion, intimacy, and commitment.

Passionate Intimacy

The intense emotional and physical connection often experienced in the early stages of romantic relationships, characterized by strong feelings of affection and attraction.

Passionate Love

A state of intense longing for union with another, characterized by a high degree of physical attraction and emotional engagement.