Which of the Following Statements Best Reflects the Centralized Role

question 72

Multiple Choice

Which of the following statements best reflects the centralized role of the Executive Office of the President (EOP) relative to departments?

• A)EOP and department personnel are both loyal to the president,but both lack policy expertise.
• B)EOP and department personnel both lack loyalty to the president,but both have policy expertise.
• C)EOP personnel are more loyal to the president but possess less policy expertise than department personnel.
• D)EOP personnel are less loyal to the president but possess greater policy expertise than department personnel.
• E)EOP and department personnel are loyal to the president,and both have policy expertise.

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Definitions:

Operating Cycle

The duration of time it takes for a company to purchase inventory, sell the goods, and receive cash from sales.

Average Sale Period

The average time it takes for a company to convert its inventory into sales.

Times Interest Earned

An indicator of how well a business can fulfill its debt repayments by evaluating its earnings prior to interest and taxes against its interest expenditures.

Debt-To-Equity Ratio

An indicator of how a firm's assets are funded, reflecting the ratio of equity and debt in financing.