Human Wants

question 55

Multiple Choice

Human wants:

• A) are unfilled only in the poorer countries of the world.
• B) can be completely satisfied by advancing technology.
• C) can never be fully satisfied.
• D) only apply to necessities.
• E) exist only if we are selfish.

Understand the concept of float in financial management and its components (collection, disbursement, and net floats).

Calculate the present value of float using given check amounts, clearance times, and interest rates.

Analyze the effects of reducing collection and disbursement times on a firm's cash management.

Determine the average daily and weighted delays in collections and disbursements.

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Definitions:

Positive Response

A reaction or answer that is affirmative or in agreement to a query, suggestion, or scenario.

Cultural Differences

The various beliefs, values, behaviors, and social structures unique to each society or community.

Organizational Cultures

Shared values, beliefs, and practices that influence the behavior and actions of members within an organization.

Positive Response

An affirmative or favorable reply to a question, request, or proposal.