Consider the Following Short Case as You Respond to the Question

question 1

Multiple Choice

Consider the following short case as you respond to the question: When the CEO of NTL Corporation resigned, the board of directors hired a recruitment firm to look for a replacement.The recruitment firm prepared several job announcements, then presented them to the board of directors.The board of directors approved one of the job announcements; the recruitment firm used it to advertise the position on the Internet and in relevant newspapers and professional publications.After receiving several applications, the recruitment firm selected a pool of ten to pass on to NTL's board of directors.The board of directors, with the assistance of the recruitment firm, went through three rounds of interviews, narrowing the pool from ten to three.Each of the three finalists prepared a presentation on the strategic future of NTL and delivered the presentation at a meeting of NTL shareholders.The board of directors then made the final choice for a new CEO.How would "shareholder presentation" be represented in a leveled set of DFDs of the case?

• A)With a circle
• B)With a rectangle
• C)With a set of parallel lines
• D)None of these

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Definitions:

Cost of Goods Sold

The costs directly associated with the manufacturing of goods a company sells, encompassing both the price of materials and the wages for labor.

Inventory

The total amount of goods or materials held in stock by a business, intended for sale or production.

Average Collection Period

The average amount of time it takes for a business to receive payments owed by its customers for credit sales.

Sales on Account

Transactions where goods or services are sold and payment is deferred to a future date, typically recorded as accounts receivable.