The Basic Strategies That Should Be Employed by a Business

question 103

Multiple Choice

The basic strategies that should be employed by a business firm in managing cash includes ________.

• A) paying accounts payable as early as possible
• B) turning over inventory as quickly as possible, avoiding stockouts
• C) operating in a fashion that requires maximum cash
• D) extending the credit period allowed to customers

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale.

Culture Change

Refers to the dynamic process through which the customs, beliefs, art, and institutions of a society transform over time.

Male Dominance

A social, economic, and cultural pattern in which males hold primary power and predominate in roles of political leadership, moral authority, and control of property.

Descent Reckoning

A method of tracing kinship and lineage, either through patrilineal (father's line) or matrilineal (mother's line) descent.