A Study of National Unions Found That Planning for Change

question 50

Multiple Choice

A study of national unions found that planning for change was negatively related to _____.

• A) the use of environmental scanning techniques
• B) larger size
• C) effective structuring of administrative activities
• D) democratic structures

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, reflected as a charge on the income statement.

Average Collection Period

The average number of days it takes for a company to receive payment from its customers for invoices issued.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are converted into cash over a period, measuring the efficiency of a company in collecting its debts.

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term debts using its current assets.