______________ Is NOT Considered a Goal

question 105

Multiple Choice

______________ is NOT considered a goal.

• A) To deliver the best customer service
• B) To practice responsible financial management
• C) To increase revenue by 15 to 20% in each of the next five years
• D) To hire the best people
• E) To minimize waste

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Definitions:

Inventory Loans

Short-term loans or lines of credit secured by a company’s inventory, used to purchase products for sale.

Factoring Accounts Receivable

A financial transaction where a business sells its accounts receivable to a third party at a discount to immediately raise cash.

Commercial Paper

An unsecured, short-term debt instrument used by corporations to finance their immediate needs.

Accounts Payable

Obligations or debts that a company owes to its suppliers or creditors for goods or services received that have not yet been paid for.