Allie Assigned Monte Three Duties to Perform Before the Close

question 1

Multiple Choice

Allie assigned Monte three duties to perform before the close of business today.Allie asks Monte to paraphrase her requests to ensure he fully comprehends the assignment.Allie is ______.

• A) developing rapport
• B) checking for understanding
• C) stating an objective
• D) getting commitment

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Definitions:

Payables Manager

A financial professional responsible for managing a company's short-term liabilities and obligations to its creditors and suppliers.

Marketable Securities

Financial instruments that are easily convertible into cash within a short period, typically with high liquidity and low risk.

Use of Cash

The ways in which a business uses its cash on hand, including operating expenses, investing activities, and financing activities.

Cash Cycle

The period between the initial investment in inventory and receiving cash from the sale of goods or services, reflecting a company's efficiency and management of working capital.