The Lumber Mart Recently Replaced Its Management Team

question 33

Multiple Choice

The Lumber Mart recently replaced its management team.As a result,the firm is implementing a restrictive short-term policy in place of the flexible policy under which the firm had been operating.Which of the following should the employees expect as a result of this policy change?
I.reduction in sales due to stock outs
II.greater inventory selection
III.decreased sales due to the new accounts receivable credit policy
IV.decreased investment in marketable securities

• A)I and II only
• B)II and IV only
• C)I, II, and IV only
• D)I, III, and IV only
• E)I, II, III, and IV

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Definitions:

People Overpopulation

A situation in which there are too many people in a given geographic area; results in pollution, environmental degradation, and resource depletion. Compare with consumption overpopulation.

Developing Nations

Countries with a lower level of industrialization, a lower standard of living, and a lower Human Development Index compared to developed countries.

Interference Competition

A situation where one species directly inhibits another from accessing a resource.

Exploitation Competition

A form of competition where organisms indirectly interact with each other by consuming shared resources.